NEW DELHI, India — Retail sugar prices rose from Rs 48.18 per kg on July 20 to Rs 55.70 per kg on August 20, according to the Ministry of Consumer Affairs, Food and Public Distribution, triggering a political dispute over the reasons behind the increase and the government’s response.
टैग: India Economy
India-Japan Trade at $27.5 Billion, Says Piyush Goyal
NEW DELHI, India — India-Japan trade reached around USD 27.5 billion in FY 2025-26 but remains well below the potential of the bilateral relationship, Union Commerce and Industry Minister Piyush Goyal said on Tuesday at the UP-Japan Investment Meet 2026.
India Wholesale Inflation at 9.78% in July
NEW DELHI, India — India’s wholesale inflation eased marginally to 9.78% in July, according to the information provided. The latest reading puts wholesale price inflation at 9.78% for the month, with the supplied report describing the movement as a marginal decline.
Government Sets LPG Output Targets for 24 Companies, Total Potential at 63.81 KTPD
NEW DELHI, India — The government has set specified maximum LPG production levels for 24 refinery and upstream oil companies, with a combined production potential of 63.81 thousand metric tonnes per day (KTPD). The move is aimed at strengthening domestic cooking-gas supplies and improving the country’s ability to respond to potential supply disruptions.
RBI Bars Banks From Remotely Locking Borrowers’ Phones and Laptops Under New Loan Recovery Rules
RBI Device Locking Rules: The Reserve Bank of India (RBI) has introduced a new framework governing the use of technology in loan recovery, making it clear that banks and other regulated lenders cannot remotely disable or restrict a borrower’s mobile phone, tablet or laptop simply because of a loan default. The central bank has said such restrictions will be permitted only in limited circumstances and subject to strict safeguards.
India to Sell Up to 6.5% Stake in LIC Through ₹31,400 Crore Offer for Sale
The Government of India has announced plans to divest up to a 6.5% stake in Life Insurance Corporation of India (LIC) through an Offer for Sale (OFS), a move that could raise as much as ₹31,400 crore (approximately $3.3 billion). The transaction is part of the government’s broader strategy to meet minimum public shareholding norms while continuing its disinvestment programme.