Economics
Trade, fiscal policy, banking, agriculture and economic indicators
Govt to allow trading of major minerals on exchange from next financial year
India's first exchange for trading major minerals and ores is set to begin operations from the next financial year. The exchange will initially facilitate tr...
PM GatiShakti: 396 infra projects worth Rs 18.66 lakh crore recommended for approval
The Network Planning Group (NPG) under the PM GatiShakti National Master Plan has evaluated and recommended 396 infrastructure projects, together valued at a...
India’s Russian crude imports hit record high in July
India's crude oil imports from Russia rose to a record level in July, with Russian barrels accounting for more than half of total crude purchases for a secon...
Finance ministry asks ministries to move from WPI to PPI in future contracts
The finance ministry's Department of Expenditure has asked ministries and departments to use the Producer Price Index (PPI) instead of the Wholesale Price In...
Government rolls out foreign asset disclosure scheme for small taxpayers
A new voluntary disclosure scheme was rolled out allowing small taxpayers to declare previously undisclosed foreign assets or foreign income at a concessiona...
Red Sea crisis enters 1,000th day as shipping detour continues to squeeze trade
Disruption to Red Sea shipping routes, which began with attacks on merchant vessels transiting the Bab-el-Mandeb Strait, has now persisted for roughly 1,000 ...
Odisha: BJD plans legal action, public demonstrations against Mines and Minerals (Amendment) Bill
State-level opposition has emerged in Odisha against the recently passed Mines and Minerals (Development and Regulation) Amendment Bill, 2026, with plans for...
India's engineering services exports surge nearly eightfold to USD 13.8 billion in a decade: NITI Aayog
A NITI Aayog report titled on regulatory regimes in professional services found that India's engineering services exports rose nearly eightfold over a decade...
100GW of nuclear power by 2047, 5 reactors this decade: Inside PM Modi's energy self-reliance plan
In the Independence Day address on 15 August 2026, the government reiterated the target of achieving 100 GW of nuclear power capacity by 2047, up from about ...
Income Tax Department rolls out foreign asset disclosure scheme for small taxpayers
The Income Tax Department rolled out the Foreign Assets of Small Taxpayers-Disclosure Scheme (FAST-DS), a one-time voluntary disclosure window for small taxp...
Government reduces export duty on petrol to nil; diesel and ATF duty also reduced
The export duty (levied as a Special Additional Excise Duty, or SAED) on petrol exports was reduced to nil, down from ₹3.5 per litre. The combined levy on di...
80 years of food security, the next step: Building a nutrition-secure rural India
A recent report, marking roughly eight decades of India's food-security policy journey, argues that the next phase of reform must shift focus from calorie-su...
What is the latest Mining Amendment Act about? | Explained
Parliament passed the Mines and Minerals (Development and Regulation) Amendment Bill, 2026, amending the parent MMDR Act, 1957. The Bill inserts a new provis...
PM Modi says India securing critical minerals, deepening global supply partnerships
In the Independence Day address on 15 August 2026, the government highlighted efforts to secure critical mineral supplies and deepen international sourcing p...
Foreign Assets Disclosure Scheme 2026: ₹1 crore limit, 30% tax and December 31 deadline — all you need to know
A one-time voluntary disclosure scheme for undisclosed foreign assets and income, targeted at small taxpayers, opens on August 16, 2026, and closes on Decemb...
PM Modi addresses nation on 80th Independence Day, presents ‘Saptdharas’ to boost Viksit Bharat vision
The 80th Independence Day address from the Red Fort outlined a seven-part policy framework (described as "Saptdharas"/"Shakti ki Saptadhara") covering manufa...
India’s edible oil problem is not supply: It is policy uncertainty
India's edible oil sector continues to rely on imports for roughly 55–60% of domestic consumption despite being among the world's largest oilseed-producing c...
Govt opens tax disclosure window for foreign assets, income
A limited, one-time window has opened for taxpayers to disclose specified undisclosed foreign assets and foreign income, running from August 16, 2026 to Dece...
‘India’s defence exports surge to ₹38,424 cr’: Defence Minister Rajnath Singh's message on I-Day eve
Ahead of the 80th Independence Day, the Ministry of Defence stated that India's defence exports had risen to a record ₹38,424 crore in 2025-26 It was also st...
Andhra’s Rs 150 cr exploration MoU for lithium, gallium as Centre pushes critical mineral self-reliance
An MoU worth ₹150 crore was signed between CSIR-National Geophysical Research Institute (NGRI) and the Andhra Pradesh Department of Mines and Geology for exp...