DDIndia Business: Economic Headlines & Updates

Business

July 2, 2026 12:09 PM

Govt notifies new EPF Scheme with revised partial withdrawal norms

The newly notified Employees’ Provident Fund (EPF) Scheme, 2026, introduced new provisions on partial withdrawals effective June 29. Under the revised scheme, members of the Employees’ Provident Fund Organisation must retain a minimum balance of...

July 2, 2026 11:07 AM

Asian shares fall as chipmakers drag; US jobs data looms

Asian shares skidded on Thursday as investors rotated out of chipmakers following a stellar quarter, while currency and bond markets braced for U.S. jobs data that could gives hints about the risk of interest rate hikes. Oil prices hit new four-mont...

July 2, 2026 10:37 AM

US declines to extend North American trade deal, starting clock to end it while seeking changes

The Trump administration on Wednesday declined to extend the U.S.-Mexico-Canada Agreement, starting a decade-long clock to wind down the trade deal as it seeks changes to try to reshore manufacturing jobs and reduce U.S. trade deficits with its North...

July 2, 2026 10:26 AM

Odisha Cabinet approves deep-sea fishing mission to boost blue economy

The Odisha Cabinet gave its nod to the implementation of the Odisha Deep Sea Fishing Mission (2026–2036), a proposal put forward by the state Fisheries & Animal Resources Development (F&ARD) Department. According to an official statement, ...

July 2, 2026 10:08 AM

Sensex, Nifty trade higher as falling crude, strong auto sales lift sentiment

Indian equities traded higher in the morning session on Thursday, supported by easing crude oil prices, strong auto sales data and optimism over first-quarter earnings. Sensex surged as much as 0.38 per cent or about 300 points to hit an intraday hi...

July 1, 2026 8:15 PM

RBI names Ravi Shankar as Executive Director with effect from July 1

The Reserve Bank of India (RBI) on Wednesday appointed Ravi Shankar as its new Executive Director (ED), with effect from July 1. Prior to his elevation, Shankar served as Adviser-In-Charge of the Department of Statistics and Information Management (...

July 1, 2026 5:51 PM

Nine years of GST: How India’s biggest tax reform is powering growth, simplifying business and shaping a unified market

Nine years after the rollout of the Goods and Services Tax (GST), India's landmark indirect tax reform has transformed the country's taxation landscape by replacing a fragmented system of multiple central and state levies with a unified national fram...

July 1, 2026 4:14 PM

Sensex, Nifty end higher as FMCG, banking and realty stocks lift benchmark indices

Indian equity benchmark indices ended higher on Wednesday, supported by strong buying in FMCG, banking, financial and realty stocks. The Nifty climbed 140.10 points, or 0.59 per cent, to close at 24,005.85, while the Sensex advanced 443.97 points, o...

July 1, 2026 4:12 PM

eSARAS: How Digital India is empowering rural women entrepreneurs and bringing India’s handcrafted heritage to national markets

India's rural economy is witnessing a quiet but significant transformation as digital technology reshapes the way traditional artisans connect with consumers. From handwoven Chanderi sarees in Madhya Pradesh and intricately carved marble handicrafts ...

July 1, 2026 3:21 PM

Govt grants Miniratna status to MECON Limited

The Ministry of Steel has approved the granting of Miniratna Category-I status to engineering major MECON Limited, as the Central Public Sector Enterprise (PSE) has achieved the required financial milestones which include generating continuous profit...