Economics
Trade, fiscal policy, banking, agriculture and economic indicators
India plans Phase-2 of strategic petroleum reserves under PPP model at estimated ₹14,527 crore
The government announced plans for Phase-2 of India's Strategic Petroleum Reserve (SPR) programme to be developed under a Public-Private Partnership (PPP) mo...
Government eases FDI rules for e-commerce companies aimed at export, first big relaxation in years
The government amended India's Foreign Direct Investment (FDI) policy to permit FDI in the inventory-based model of e-commerce, exclusively where the activit...
WTO nations query India’s PLI, QCO, import substitution, New Delhi says public policy objectives key
India's 8th Trade Policy Review (TPR) at the World Trade Organization was held on 21 and 23 July 2026, covering the trade policy period from 2021 to 2025. WT...
India faces scrutiny over tariffs, MSP, QCOs at WTO review
India underwent its eighth Trade Policy Review (TPR) at the World Trade Organization in Geneva, held over two sessions on 21 and 23 July 2026, covering trade...
Govt opens inventory-based e-commerce to foreign direct investment for exports only
The Department for Promotion of Industry and Internal Trade (DPIIT) reviewed the consolidated FDI policy and inserted a new provision allowing foreign direct...
Food processing PLI attracts ₹9,207 crore investment, creates 3.35 lakh jobs
The government reported that the Production Linked Incentive Scheme for Food Processing Industry (PLISFPI) has attracted ₹9,207 crore in investment, exceedin...
Global goods trade rises 4.8% in Q1 2026 despite geopolitical tensions; AI and EV sectors drive demand: UNCTAD
The UN Trade and Development body (UNCTAD) reported that global trade grew about 4% in the first quarter of 2026 compared to the previous quarter. Goods trad...
Govt has allocated ₹40,000 crore for scientific mine closures, says Union Coal Minister G. Kishan Reddy
The government has earmarked a corpus of about ₹40,000 crore (roughly $5 billion) for the scientific and progressive closure of coal mines Thirty-three coal ...
Trump’s 200% generic tariff threat would imperil Americans: Indian pharma
The US announced a phased tariff schedule on imported generic drugs: zero tariff for two years starting August 1, 2026, rising to 100% for a further one year...
'I expect India to be concerned about US pharma tariffs': Rubio on Trump's 200% storm
The United States announced a phased tariff schedule for generic drug imports: zero tariff for a two-year grace period from 1 August 2026, rising to 100% fro...
Houthis’ Red Sea threat renews energy concerns for India as Saudi crude tankers turn back
Yemen's Houthi movement has threatened to target Saudi-linked shipping transiting the Bab el-Mandeb Strait, prompting at least two Saudi crude tankers bound ...
0% now, 100% in 2 years, 200% by 2029—US plan for generic pharma tariffs & what it means for India
The US administration announced a phased tariff schedule for generic pharmaceutical imports: zero tariff from August 1, 2026 for two years, rising to 100% fo...
ET Graphics: India is winning the battle against hunger, but not food costs
A newly released UN report shows India's share of undernourished people has more than halved over roughly two decades, falling from about 21.1% in 2004-06 to...
Trump’s tariff threat on generic drugs: Why this matters for Indian pharma companies
A phased tariff schedule on generic pharmaceutical imports into the US has been outlined, with a two-year duty-free window followed by escalating rates India...
Hunger declines, but still 100 million go hungry in India, shows UN data
The State of Food Security and Nutrition in the World (SOFI) 2026 report, released jointly by UN agencies including the Food and Agriculture Organization (FA...
US-India trade deal could be signed in 3-4 months, US official says
A bilateral trade agreement between India and the United States is reported to be nearing completion, with signing expected within three to four months Negot...
Cabinet clears ₹62,500 cr MPMS scheme: 'Focus now on components, design, research'
The Union Cabinet approved the Mobile Phone Manufacturing Scheme (MPMS) with a budgetary outlay of ₹62,500 crore, to run for five years from FY 2026-27 to FY...
Super El Nino: The next inflation shock may begin in India’s fodder fields
The 2026 southwest monsoon has brought delayed onset and prolonged dry spells in several regions, even as national rainfall averages mask sharp regional shor...
Trump's Generic Drug Tariffs Explained: What it means for Indian pharma before the 200% storm
A phased tariff structure has been outlined for generic pharmaceutical imports into the US, providing a two-year duty-free window before escalating rates app...
U.S. readies new tariffs as Trump's 10% global levy to expire
The United States' current 10% global tariff, imposed under Section 122 of the Trade Act, 1974, is approaching its statutory 150-day expiry The US administra...