Economy News

Centre approves wage, pension revisions for PSGICs, NABARD and RBI

Centre approves wage, pension revisions for PSGICs, NABARD and RBI

The Centre has approved wage revisions for PSGIC and NABARD employees and pension hikes for retirees of RBI and NABARD. The move will benefit over 46,000 employees and nearly 47,000 pensioners and family pensioners, with revisions effective from 2022. The decision involves substantial arrears and recurring financial outgo, providing higher pay, improved pensions and enhanced NPS contributions. Jan 23, 2026
Reserve Bank of India (RBI)

India will remain fastest growing major economy in the world: RBI

Inflation remains within comfort levels, while credit flow to the commercial sector has strengthened. Key reforms in taxation, labour laws, and financial sector deregulation are expected to further boost growth. The RBI also highlighted the robustness of the banking and financial system, noting strong capital buffers, improved asset quality, and resilience to stress scenarios, which together support sustained long-term economic growth. Jan 23, 2026
Budget 2026–27: Affordable housing, tax cuts and women-led growth top expert wish list

80 pc of industry confident in India's growth prospects: FICCI pre-Budget survey

A FICCI pre-Budget survey shows strong industry optimism, with nearly 80 per cent of respondents confident about India's growth prospects and around half expecting GDP growth of 7–8 per cent in FY 2026–27. The survey recommends boosting capex, strengthening defence and electronics manufacturing, enhancing drone-related incentives, rationalising customs tariffs, increasing export incentives and simplifying tax compliance to sustain growth amid global uncertainties. Jan 22, 2026
81 pc Indian employers aware of PM-VBRY offering cash incentives: Report

81 pc Indian employers aware of PM-VBRY offering cash incentives: Report

A TeamLease Services report shows that 81 per cent of Indian employers are aware of the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY), but awareness is uneven across sectors and company sizes, with start-ups and micro businesses showing very low familiarity. While over half of employers plan to expand hiring in the second half of FY26, only about 60 per cent of them know about the scheme Jan 20, 2026
India's forex rises by $392 million to $687 billion: RBI

India's forex rises by $392 million to $687 billion: RBI

Foreign currency assets declined by $1.12 billion to $550.86 billion, while Special Drawing Rights and the IMF reserve position also saw marginal decreases. Strong forex reserves reflect economic stability, help manage exchange rate volatility, support international trade, and enable the RBI to stabilise the rupee during periods of pressure. Jan 16, 2026
Govt extends export incentives to postal shipments to boost MSME sector

Govt extends export incentives to postal shipments to boost MSME sector

The move is expected to improve competitiveness for MSME exporters, especially those in smaller towns and remote areas, and give a boost to postal exports. The initiative builds on earlier reforms such as electronic processing of postal exports and imports, automated IGST refunds, and the Hub and Spoke model with over 1,000 Dak Niryat Kendras to support cross-border e-commerce. Jan 16, 2026
Big Tech companies to offshore more jobs to India in 2026 amid US mass layoffs

Big Tech companies to offshore more jobs to India in 2026 amid US mass layoffs

Firms like Google, Amazon, Microsoft, Uber, and eBay are offshoring roles, with 38% of respondents saying India hiring replaces US-based jobs. H‑1B visa restrictions are also influencing this trend, and companies are expanding India teams through scaling existing staff, creating new roles, or moving specific projects. This signals a structural shift in global workforce planning. Jan 14, 2026
Gold, silver prices jump on MCX amid weak dollar, global cues

Gold, silver prices hit fresh highs amid global uncertainties

Gold and silver prices hit fresh record highs as global uncertainties intensified due to escalating tensions between the US Justice Department and the Federal Reserve, geopolitical risks from Iran, and weaker-than-expected US jobs data. MCX gold and silver futures surged sharply, while spot prices also touched new peaks, driven by strong safe-haven demand and expectations of further US interest-rate cuts. Jan 12, 2026
Gold, silver hit record highs as global uncertainty fuels demand

MCX silver may hit Rs 3.2 lakh in 2026: Motilal Oswal

Motilal Oswal expects MCX silver prices to continue their strong rally in 2026, projecting a target of Rs 3.20 lakh per kg, implying nearly 27 per cent upside from current levels. After surging 170 per cent in 2025 and outperforming gold, silver's rise has been driven by geopolitical tensions, trade uncertainties, easier monetary policies, strong ETF inflows, supply constraints and robust safe-haven demand. The brokerage highlighted silver's dual role as a precious and industrial metal, with record industrial demand from solar power, electric vehicles, electrification and power grid investments. Persistent supply deficits for the fifth consecutive year and falling exchange inventories have further supported prices, indicating tight physical availability in the market. Jan 11, 2026
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