Make fresh investment: PM Modi to industry

NEW DELHI: PM Narendra Modi on Friday asked industry to innovate and come up with fresh investments. He also urged financial institutions to adopt innovative models to boost infrastructure funding, while strengthening project sanction and appraisal quality.At a post-budget webinar, after listing out the steps taken by govt over the last decade on infrastructure, PM…

Read More

‘Opportunity to consider options’: US govt seeks delay in tariff refunds battle as Trump fumes over possible ‘rehearing’

US President Donald Trump US President Donald Trump’s administration is seeking to delay legal proceedings related to tariff refunds, a week after the Supreme Court struck down his sweeping global duties, according to a court filing on Friday.The Supreme Court’s ruling marked a major setback for Trump’s signature economic policy and opened the door to…

Read More

Trump Anthropic: Anthropic to challenge Pentagon in court, hours after Trump orders ban on AI firm

Artificial intelligence firm Anthropic said on Friday (local time) that it will challenge Pentagon’s decision to classify the company as a supply-chain risk in court, according to a Reuters report. This comes hours after US President Donald Trump directed federal agencies to stop using the firm’s technology. Trump had ordered every federal department to “immediately”…

Read More

TOI explains: Ringing in new series with new data points

The ministry of statistics and programme implementation released a new series of national accounts with 2022–23 as the base year, replacing the 2011–12 series. The revision incorporates fresh data sources such as GST, PFMS and e-Vahan, introduces double deflation in key sectors, and relies on annual surveys for improved household estimates.■ What is a base…

Read More

New GDP series raises growth projection for FY26 to 7.6%

NEW DELHI: India’s economy is estimated to grow at 7.6% in 2025-26, led by manufacturing and services as the country’s statistics office released revised data series with a new base year of 2022-23.The message from the revised numbers is that the economy has remained resilient against the backdrop of trade and geopolitical tensions, and India…

Read More