Economics
Trade, fiscal policy, banking, agriculture and economic indicators
Tax dept puts out guidance note on crypto asset reporting aligned with OECD framework: What this means
The Central Board of Direct Taxes (CBDT) issued a guidance note on reporting obligations for crypto-asset transactions, aligning India's framework with the O...
Gig workers still await Ayushman Bharat cover; over 10.65 lakh registered on e-Shram portal
Over 10.65 lakh gig and platform workers have registered on the e-Shram portal, but no timeline has been specified for extending Ayushman Bharat health cover...
India’s WTO fisheries agreement sparks concern among traditional fishermen
India deposited its instrument of acceptance for the WTO Agreement on Fisheries Subsidies (AFS), becoming the 123rd WTO member to formally join the agreement...
Indian textile exporters may lose competitiveness despite lower US tariff as rival countries get quota exemptions: Report
A recent trade research report flagged that Indian textile and apparel exporters, though facing a lower headline US tariff than several rivals, may still los...
India allows use of ammonia in agriculture to cut import dependence in Urea
A move to permit the direct use of ammonia in agriculture, rather than only as an input for manufacturing urea, is being taken up to reduce India's dependenc...
Gujarat govt unveils shipbuilding policy; targets 50 lakh DWT capacity and ₹27,000-cr investments
The state government of Gujarat unveiled its Shipbuilding and Repair Policy 2026, targeting a shipbuilding capacity of over 50 lakh Dead Weight Tonnage (DWT)...
New US tariffs: India gets a relative advantage, but for how long?
The United States imposed new tariffs on imports from 60 trading partners, citing inadequate enforcement of bans on goods produced with forced labour; the ta...
Everyone agrees trade is a climate tool. Almost no one means the same thing
The United Nations Framework Convention on Climate Change (UNFCCC) held its first formal dialogue dedicated to trade and climate during the 64th session of i...
Foreign capital inflows hit $32 billion as FCNR(B) deposits break 2013 record
The Reserve Bank of India's special dollar-inflow measures, announced in early June 2026, have together attracted close to $32 billion in foreign capital For...
RBI to hold rates through 2026 as growth risks outweigh inflation: Poll of economists
A poll of economists suggests the Reserve Bank of India will keep its key policy (repo) rate unchanged at 5.25% through the rest of 2026. This marks a shift ...
India begins to China-proof its infra push after the TBM shock
India is accelerating efforts to localise the manufacturing of mining and construction equipment, including tunnel boring machines (TBMs), after Chinese expo...
CBDT issues guidance note on crypto reporting in line with OECD framework
The Central Board of Direct Taxes (CBDT) issued a detailed guidance note on crypto-asset reporting obligations, operationalising India's adoption of the OECD...
Trilateral critical mineral deals, wider air pact key to India-UAE ties ahead, says UAE Minister
India and the UAE are exploring joint investment models to secure critical mineral supply chains in third countries, building on an existing framework for co...
RBI sees rupee as undervalued; FCNR(B) inflows cross $32 billion
The Reserve Bank of India's Governor stated that the rupee, following recent depreciation, may now be undervalued rather than overvalued. Inflation control w...
Crypto exchanges to collect tax residency, ID details of users under new CBDT framework
The Central Board of Direct Taxes (CBDT) issued a compliance framework requiring crypto exchanges and other digital asset intermediaries to collect users' ta...
Global wheat rally revives India's export prospects as government allows 5 million tonnes of wheat exports after a four-year ban
The government approved wheat exports of up to 5 million tonnes, effectively lifting the export ban first imposed in May 2022 The decision follows a rally in...
India-US trade pact talks may gather pace only after Section 301 excess capacity findings
The outcome of a US Section 301 investigation into forced-labour import enforcement has been settled, with India placed in a lower tariff tier, removing one ...
India says 45% of exports to US exempt from new 10% tariff; textile mechanism under discussion
The Office of the United States Trade Representative (USTR) finalised action under Section 301 of the US Trade Act, 1974, imposing additional tariffs on 60 e...
India and Australia must move decisively to build resilient energy supply chains
A call has been made for India and Australia to move decisively toward building resilient energy supply chains as a foundation for regional stability. Critic...
ONGC starts drilling first deepwater well in Mahanadi basin under Samudra Manthan mission
The Oil and Natural Gas Corporation (ONGC) commenced drilling its first deepwater exploratory well, designated MN-DW18-1-H-D, in the Mahanadi Offshore Basin ...