Economy news

• AI not causing mass layoffs, but changing nature of work: Study

  14-02-2026 18:50 via timesofindia.indiatimes.com
  
  Contrary to fears, generative AI isn't causing mass layoffs in India's IT sector. A new ICRIER-OpenAI study reveals AI is boosting productivity and transforming roles, not replacing workers. While entry-level hiring has seen a slight dip, mid and senior positions remain stable, indicating a shift towards skill enhancement rather than job elimination.
  
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• Gold tops investment choices among young Indians, survey finds

  14-02-2026 18:10 via timesofindia.indiatimes.com
  
  Young Indians, across Gen Z and Millennials, overwhelmingly favor gold as their top investment choice, with 62% preferring it over mutual funds, stocks, and crypto.Even with modern options available, gold is seen as the safest bet, especially during uncertain economic times.Purchases are increasingly personal and smaller, driven by income and investment goals rather than just tradition.
  
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• "52 reforms in 52 weeks": Ashwini Vaishnaw outlines massive railway overhaul for 2026

  14-02-2026 17:59
  This cleanliness drive is not a short-term measure but a multi-year commitment to cover the entire Indian Railways fleet.
  
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• India has doubled climate spending to 5.6% of GDP, says Finance Minister Sitharaman

  14-02-2026 17:45
  Union Finance Minister Nirmala Sitharaman pointed out that the country is well ahead of its renewable energy targets, having achieved two-thirds of its commitments four years earlier than planned. 
  
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• 'Got India's commitment to stop buying Russian oil,' claims Rubio at Munich conference

  14-02-2026 17:39 via timesofindia.indiatimes.com
  
  US Secretary of State Marco Rubio claimed India committed to halting additional Russian oil purchases, amidst ongoing US sanctions. However, India's External Affairs Minister S Jaishankar emphasized "strategic autonomy" and decisions guided by "national interest" and market dynamics. Russia's Foreign Minister Sergei Lavrov disputed claims of India stopping oil buys, accusing the US of coercion.
  
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• Cabinet clears major highway projects: CCEA okays Rs 11,000cr for upgrades

  14-02-2026 16:35 via timesofindia.indiatimes.com
  
  The Centre has greenlit over Rs 11,000 crore in highway projects across Maharashtra, Gujarat, and Telangana. These crucial upgrades, including road widening and new four-lane stretches, aim to significantly boost freight movement and regional connectivity. Projects on NH-160A in Maharashtra, NH-56 in Gujarat, and NH-167 in Telangana are set to enhance industrial links and slash travel times.
  
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• India’s climate spending rises to 5.6% of GDP, Sitharaman says at Munich

  14-02-2026 16:05 via timesofindia.indiatimes.com
  
  India has significantly boosted climate action spending, now at nearly 5.6% of GDP, up from 3.7% six years ago, demonstrating strong domestic commitment. Finance Minister Nirmala Sitharaman emphasized the need for adaptation alongside emission cuts and advocated for a "polluter pays" principle in global climate finance, highlighting India's own substantial investments in renewables and carbon capture.
  
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• Good news for adventure riders: Mahindra’s new Scorpio N pickup truck coming in 2027 with rugged look, updated design

  14-02-2026 13:42
  Mahindra Scorpio N pickup truck: Mahindra is planning to expand its SUV line-up with an all-new pickup truck based on the Scorpio N platform, and it is scheduled to make its global debut in 2027.
  
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• ‘Better to abolish RERA’: Supreme court says law helping defaulting builders

  14-02-2026 13:11
  A Bench led by Chief Justice of India Surya Kant and Justice Joymalya Bagchi said states should rethink the original purpose behind introducing RERA. The court observed that instead of protecting homebuyers, the law appears to be helping defaulting builders and not serving its intended role.
  
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• Government sanctions Rs 10,000 crore to power next phase of Indian startups

  14-02-2026 11:22
   The government wants to encourage investment in every part of the country so that innovation can thrive anywhere. According to the release, the scheme is "designed to accelerate the next phase of India's startup journey by mobilising long-term domestic capital" and reducing the country's dependence on foreign investment.
  
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• The fuel tank mystery: Why some cars place it on 'left' and others on 'right' side?

  14-02-2026 11:13
  Car fuel tank design: The main reason behind the fuel cap position is vehicle design. The tank is usually placed away from major impact zones and heat sources such as the exhaust system.
  
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• Piyush Goyal assures India will get zero duty access on textile products to US

  14-02-2026 11:03
  Earlier this month, the US and Bangladesh signed an agreement on February 9, reducing reciprocal tariffs to 19 percent from the earlier 20 percent. 
  
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• Cabinet clears Rs 1 lakh crore Urban Challenge Fund to drive market-led city infrastructure push

  14-02-2026 10:21 via timesofindia.indiatimes.com
  
  The Union Cabinet has greenlit the Urban Challenge Fund, allocating Rs 1 lakh crore to spur market-linked urban infrastructure over five years. This initiative aims to attract Rs 4 lakh crore in investments, focusing on reform-driven development and citizen-centric projects. A Rs 5,000 crore credit support aims to boost market access for smaller cities.
  
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• Cabinet approves Rs 1 lakh crore fund to overhaul Indian cities

  14-02-2026 10:21
  The central government will provide Rs 1 lakh crore in assistance over the next five years to support large-scale urban infrastructure projects. This move is expected to trigger a total investment of Rs 4 lakh crore in the urban sector by 2031.
   
   
  
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• 8th pay commission scam alert: Govt warns employees about dangerous whatsApp fraud

  14-02-2026 09:38
  The fraud which is now being widely called the “Salary Calculator” scam, is targeting government employees by promising updated salary estimates under the proposed 8th Central Pay Commission (CPC). 
  
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• Thinking of investing in ELSS? How the new tax regime changes your tax-saving strategy

  14-02-2026 09:22
  While ELSS funds continue to deliver market-linked returns like other equity mutual funds, the tax incentive that once made them popular has reduced significantly for taxpayers who opt for the new regime.
   
  
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• India’s cheapest CNG car with 34+ km mileage: Price will blow your mind; Check engine, features, safety and more

  14-02-2026 09:03
  India’s cheapest CNG car: The Maruti Suzuki Celerio CNG sits on top with a claimed mileage of around 34.43 km/kg in CNG mode, which makes it one of the most fuel-efficient hatchbacks on sale.
  
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• Consumers to buy and sell electricity! DERC greenlights peer-to-peer power trading pilot

  14-02-2026 08:28 via timesofindia.indiatimes.com
  
  Delhi is set to revolutionize electricity consumption with a new framework enabling peer-to-peer energy trading. Prosumers with rooftop solar can now sell surplus power directly to other users, transforming homes into mini power plants. This pilot project, launching soon, aims to create a consumer-centric, digitally governed energy ecosystem.
  
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• Valentine's Day boom brings cheers for Q-comm brands: More shopping for jewellery, greeting cards, and plush toys

  14-02-2026 07:34 via timesofindia.indiatimes.com
  
  Valentine's Day is driving a significant sales surge for quick commerce platforms and digital-first brands, with categories like sexual wellness, jewelry, and fashion experiencing substantial year-on-year growth.Companies are activating special features and curated lists to capture increased demand, noting a shift towards planned, thoughtful gifting throughout Valentine's week.
  
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• Salary hike denied, surveillance increased — Tech worker’s post sparks debate

  14-02-2026 07:05
  The post, shared on social media, quickly gained attention and sparked debate about workplace surveillance and employee morale.
   
  
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• Big push for Assam: PM Modi inaugrates Rs 5,450 crore worth projects; IIM Guwahati, Kumar Bhaskar Varma Setu & more

  14-02-2026 06:24 via timesofindia.indiatimes.com
  
  Prime Minister Narendra Modi launched a Rs 5,450 crore infrastructure drive in Assam, inaugurating the Kumar Bhaskar Varma Setu, a vital six-lane bridge, and the National Data Centre for the North Eastern Region.He also inaugurated the Indian Institute of Management Guwahati and flagged off 225 electric buses, boosting connectivity, digital infrastructure, and higher education across the Northeast.
  
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• Looking for a Job? You could get Rs 1,500 monthly under the Yuva Sathi scheme

  14-02-2026 06:11
  The programme is expected to be rolled out from April 1, 2026, with applications being accepted through special registration camps.
   
  
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• EPFO members can get up to Rs 7 lakh free insurance — Many don’t know about this EDLI benefit

  14-02-2026 05:06
  The scheme works alongside the EPF and EPS benefits and does not require any separate premium payment from employees.
   
  
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• After months of delay, Wipro announces salary hikes for employees

  14-02-2026 04:39
  The salary revision had earlier been deferred from September, reflecting the cautious approach taken by many companies in the Indian IT sector amid uncertain global demand and geopolitical challenges.
   
  
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• IndiGo plans to hire over 1,000 pilots after December's crew crunch

  14-02-2026 03:54 via timesofindia.indiatimes.com
  
  India's largest airline, IndiGo, is hiring over 1,000 pilots to address operational disruptions caused by pilot shortages. The recruitment drive follows a December incident where over 5,000 flights were cancelled. The airline is also adjusting network planning and increasing standby crew to manage its rapid fleet expansion.
  
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