The Latest
Business
India's Debt Ratio Is Falling Only Because Growth Is Outrunning the Interest Bill
India is projected to cut its debt from 84.3% to 75.1% of GDP, the only large emerging economy on that path. The budget deficit barely shrinks. One gap between growth and interest rates does almost all the work, and this month's oil and rate shocks sit right on it.
October 29, 2026
Health
India Confirms Hundreds of Heat Deaths a Year, but El Niño May Bring 55,000 by March
A new tracker projects about 55,000 heat deaths in India between October and March, most of them in March. The official count recorded 159 heat deaths in all of 2024, so the toll the country will be judged on may never appear in its own numbers.
October 29, 2026
Markets
Why the RBI Turned Away Every T-Bill Bid and Then Accepted Higher Yields a Week Later
The RBI raised its repo rate by 25 basis points. Its own bill auctions repriced by 72 to 93. The gap between the two is a liquidity story, and the 21 October rejection shows who sets the price.
October 29, 2026
Markets
India's Corporate Bond Market Is Three Times Bigger and Raising Less Money
Outstanding corporate bonds have roughly tripled since FY2015-16 to about ₹61 lakh crore. In April to June 2026, issuance fell 36 percent while ECB registrations rose 60 percent.
October 29, 2026
Business
India's GST Refund Backlog Was Already Almost Gone Before the 90 Percent Advance
GST refund claims pending over 90 days fell from 1,592 to 110 in two years, so the new 90 percent advance fixes a backlog that is mostly cleared. The rule that will change behaviour from 1 November is the one on post-sale discounts.
October 28, 2026
Health
India Caps How Fast Most Medicine Prices Rise, Not Where They Start
The Supreme Court has reserved its order on why most medicines sit outside India's price control regime. For about four fifths of sales by value, the law limits yearly increases and leaves the starting price to the manufacturer.
October 28, 2026
Business & Markets
Business
India's Credit Card Spending Fell 5.9 Percent Against a September That Jumped 13 Percent
Credit card spend fell 5.9 percent from a year ago, to ₹2.04 lakh crore. But September 2025 was the unusual month, and spend per card is close to where it stood in 2024.
October 29, 2026
Business
India's Debt Ratio Is Falling Only Because Growth Is Outrunning the Interest Bill
India is projected to cut its debt from 84.3% to 75.1% of GDP, the only large emerging economy on that path. The budget deficit barely shrinks. One gap between growth and interest rates does almost all the work, and this month's oil and rate shocks sit right on it.
October 29, 2026
Business
India's GST Refund Backlog Was Already Almost Gone Before the 90 Percent Advance
GST refund claims pending over 90 days fell from 1,592 to 110 in two years, so the new 90 percent advance fixes a backlog that is mostly cleared. The rule that will change behaviour from 1 November is the one on post-sale discounts.
October 28, 2026
Technology & Science
Technology
Microsoft Is Offering a Quarter of Its Staff a Way Out as Profit Rises
Microsoft is offering buyouts to about 60,000 employees, including in India, in a year its operating income rose 21%. At the take-up rates on record, the offer would move 1% to 8% of its workforce.
October 27, 2026
Technology
India's Smartphone Market Fell to a Decade Low, and Chinese Brands Took the Hit
Shipments fell 26% to a decade low even in festive season. The brands built on thin margins and cheap memory lost the most, while Samsung and Apple held the premium end.
October 27, 2026
Technology
India's PC Growth Was Buyers Stocking Up Before the Price Hikes
India's PC market grew 12.1% in the June quarter. Global shipments then fell about 20% in the September quarter. The first number was buyers racing the price hikes, and the second is the bill.
October 24, 2026
Health, Culture & Geopolitics
Health
India Confirms Hundreds of Heat Deaths a Year, but El Niño May Bring 55,000 by March
A new tracker projects about 55,000 heat deaths in India between October and March, most of them in March. The official count recorded 159 heat deaths in all of 2024, so the toll the country will be judged on may never appear in its own numbers.
October 29, 2026
Health
India Caps How Fast Most Medicine Prices Rise, Not Where They Start
The Supreme Court has reserved its order on why most medicines sit outside India's price control regime. For about four fifths of sales by value, the law limits yearly increases and leaves the starting price to the manufacturer.
October 28, 2026
Health
The Malaria Vaccine With a 40 Percent Price Cut Still Costs Twice as Much as Its Rival
Gavi and UNICEF cut the price of the Mosquirix malaria vaccine by about 40 percent to 5.50 euros a dose. Its rival R21 is $2.99, and WHO says neither performs better. The deal is conditional on a manufacturing move to India's Bharat Biotech.
October 23, 2026