Prasanta Sahu

While infrastructure spending slowed, states saw a 20.3% surge in tax revenues, allowing them to slash market borrowings by over 36%.

Despite rising global commodity prices increasing subsidy bills and fiscal pressures, the Indian government maintains strong fiscal control and growth momentum, supported by resilient demand and strategic policy measures.

The government is moving to finalize bidding parameters for six new freight-heavy railway corridors spanning 640 km, designed to link mineral-rich regions in Odisha, Telangana, and Jharkhand directly to ports under a 50-year DBFOT model.

CII President R Mukundan highlights the need for centre-state reform councils, factor market reforms, and stronger infrastructure to drive India's economic growth, competitiveness, and job creation.

Major savings from scrapping duplicate ration cards, fake MGNREGS claims

Aggregate capital expenditure for 18 major Indian states grew by a modest 2% in April-May FY27, showing a significant slowdown from last year, despite a robust 22% growth in tax collections that helped trim fiscal borrowing.

Two PPP projects under the PM MITRA scheme, attracting Rs 20,000 crore, have cleared the PPPAC green signal for textile parks in Lucknow and Gujarat, set to boost investment and create employment.

Rajiv Kumar, former Chief Election Commissioner and finance secretary, takes on the role of part-time chairman at HDFC Bank, tasked with restoring stability amid governance challenges and scrutiny.

The government's semiconductor ambitions are set for a major expansion, with the expenditure finance committee (EFC) under the finance ministry

Harsh Pati Singhania, ICC President, prioritizes AI governance, digital trade standards, SME support, trade finance reforms, and strengthening multilateral trade to navigate geopolitical and economic challenges.