Economy News ( English version)

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  • FY'27 Budget likely to peg fiscal deficit at 4.3%: ICRA January 16, 2026
    Union Budget News: The government is expected to set the fiscal deficit at 4.3 percent of GDP for the next financial year. Capital expenditure is projected for a significant increase. This comes as the focus shifts towards medium-term debt consolidation. The budget will also consider recommendations from the 16th Finance Commission. Market issuances are anti […]
  • Labour Codes may become effective from April 1 January 16, 2026
    Sources said the ministry of labour and employment is considering making Labour Codes effective only from the next financial year (FY’27) to coincide with India Inc’s financial cycle as the change in salary structure under the Codes could result in higher outgo towards provident fund and gratuity, thus impacting the balance sheets of the companies.
  • EPFO members can withdraw EPF money through UPI by April January 16, 2026
    EPFO members will soon withdraw provident fund directly to bank accounts using UPI. This new system aims for a secure and quick transfer of funds. The labour ministry is working to resolve software issues for a smooth rollout. This initiative will benefit around eight crore members, simplifying access to their EPF money for various needs.
  • RBI raises Ombudsman compensation cap to Rs 30 lakh for banking customers January 16, 2026
    The Reserve Bank of India has increased the compensation limit for customers to Rs 30 lakh for consequential losses and Rs 3 lakh for harassment, effective July 1, 2026. This move aims to provide meaningful relief to consumers while balancing the interests of regulated entities.
  • Exports 'highly positive' in January so far: Piyush Goyal January 16, 2026
    India's exports are showing strong positive growth in January. This is happening even with global economic uncertainties. The Commerce and Industry Minister, Piyush Goyal, shared this optimistic outlook. Official figures for January exports and imports will be released on February 15. This follows December's merchandise export growth and a trade de […]

 

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