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Economics

Trade, fiscal policy, banking, agriculture and economic indicators

July 2026 20 articles
15 15

Cabinet approves ₹1.27 lakh crore for Semicon Mission 2.0, for mobile manufacturing, new highways

The Union Cabinet approved 'Semicon 2.0', a new phase of the India Semiconductor Mission, with a total outlay of ₹1,27,500 crore to build design, fabrication...

GS3 (Science & Technology, Economy, Infrastructure) Economics Science & Technology 4m
15 15

Cabinet clears ₹1.9 Lakh crore push for chip, mobile phone manufacturing

The Union Cabinet approved two manufacturing schemes in a single sitting with a combined outlay of nearly ₹1.9 lakh crore: Semicon 2.0 (₹1.27 lakh crore) for...

GS3 (Indian Economy, Industrial Policy, Science & Technology) Economics Science & Technology 4m
15 15

Cabinet approves Rs 1.27 lakh crore for Semicon Mission 2.0

The Union Cabinet approved the second phase of the India Semiconductor Mission (ISM 2.0) with a total outlay of Rs 1.27 lakh crore The scheme is projected to...

GS3 (Economy, Science & Technology) Economics Science & Technology 3m
15 15

Cabinet clears India Semiconductor Mission 2.0 with ₹1.27 lakh crore outlay

The Union Cabinet approved Semicon 2.0, the second phase of the India Semiconductor Mission, with a budget outlay of ₹1.27 lakh crore. The programme is struc...

GS3 (Science & Technology, Indigenisation of Technology, Economic Development) Science & Technology Economics 3m
15 15

Cabinet clears new Rs 62,500 crore mobile manufacturing scheme, Indian-brand phones to get fresh push

The Union Cabinet approved the Mobile Phone Manufacturing Scheme (MPMS) with a budgetary outlay of ₹62,500 crore The scheme runs for five financial years, fr...

GS3 (Indian Economy, Industrial Policy, Science & Technology) Economics Science & Technology 4m
15 15

India-UK FTA kicks in: What changes for consumers, industry

With the India-UK trade agreement in force from 15 July 2026, India's own tariff concessions to UK-origin goods took effect alongside the UK's concessions to...

GS3 (Economy, Trade Policy) GS2 (Bilateral Agreements) Economics International Relations 6m
15 15

Cabinet approves new investment policy for Urea

The Cabinet Committee on Economic Affairs approved the National Investment Policy for Urea, 2026 (NIPU-2026), to attract fresh investment in domestic urea ma...

GS3 (Indian Economy, Agriculture, Food Security) Economics 5m
15 15

Centre invites global bids for 10 GWh ACC battery manufacturing under PLI scheme

A global tender was released inviting bids for setting up 10 GWh of Advanced Chemistry Cell (ACC) battery manufacturing capacity earmarked for Grid-Scale Sta...

GS3 (Indian Economy, Infrastructure/Energy, Science & Technology) Economics Science & Technology 5m
15 15

India-UK trade pact takes effect, promising tariff cuts and services boost

The India-UK Comprehensive Economic and Trade Agreement (CETA) came into force on 15 July 2026, alongside a companion Double Contribution Convention (DCC) on...

GS2 (Bilateral Agreements) GS3 (Economy, Trade Policy) Economics International Relations 4m
15 15

Cabinet approves₹1.27 lakh crore for Semicon Mission 2.0

The Union Cabinet approved the second edition of the India Semiconductor Mission (ISM 2.0) with a budgetary outlay of ₹1.27 lakh crore The approval was annou...

GS3 (Science & Technology, Indian Economy) Science & Technology Economics 3m
15 15

What are the gains from the India-U.K. trade deal? | Explained

The India-UK Comprehensive Economic and Trade Agreement (CETA), signed in London on 24 July 2025, came into effect on 15 July 2026, alongside a companion Dou...

GS3 (Economy) GS2 (International Relations) Economics International Relations 4m
15 15

Cabinet approves ₹1.27 lakh crore for Semiconductor Mission 2.0: Here's what's new

The Union Cabinet approved the India Semiconductor Mission (ISM) 2.0 with an outlay of ₹1.27 lakh crore, expanding the incentive framework for the country's ...

GS3 (Science & Technology, Indigenisation of Technology, Economic Development) Science & Technology Economics 3m
15 15

Forced labour explained: Why India changed its import policy

The central government amended the Foreign Trade Policy (FTP), 2023, through a Directorate General of Foreign Trade (DGFT) gazette notification to prohibit t...

GS3 (Economy, International Trade) GS2 (Constitutional Provisions, International Conventions) Economics 5m
15 15

U.S. Senators unveil bill for 100% tariffs on India, four others for buying Russian oil

A bipartisan group of US Senators introduced an updated version of Russia sanctions legislation, the Sanctioning Russia Act of 2026, combining full blocking ...

GS Paper 2 GS Paper 3 International Relations Economics 5m
15 15

Piyush Goyal hails India-UK Comprehensive Economic and Trade Agreement coming into force today

The India-UK Comprehensive Economic and Trade Agreement (CETA) and the accompanying Agreement on Social Security officially entered into force on 15 July 202...

GS2 (Bilateral Agreements) GS3 (Economy, Services Trade) Economics International Relations 5m
15 15

Mint Explainer | India-UK trade deal kicks in—what CETA means for exporters, services and MSMEs

The India-UK Comprehensive Economic and Trade Agreement (CETA), together with a linked Double Contributions Convention (DCC) on social security, entered into...

GS Paper 2 GS Paper 3 Economics International Relations 5m
15 15

Whisky, cars and more: What gets cheaper as India-UK FTA kicks in

With the India-UK Comprehensive Economic and Trade Agreement (CETA) in force from 15 July 2026, India's import duties on a range of UK-origin goods fell, mak...

GS3 (Economy, Trade Policy) GS2 (Bilateral Agreements) Economics International Relations 5m
15 15

US Senators unveil sweeping Russia sanctions bill; name India among nations facing possible tariffs

A bipartisan group of US Senators introduced a bill proposing sweeping sanctions on Russia's economy, including its energy and financial sectors and its defe...

GS2 (India and its Neighbourhood/Bilateral Groupings, International Institutions and Agreements) GS3 (Effects of Policies on Indian Economy) International Relations Economics 4m
15 15

US Russia sanctions bill cuts India, China tariff threat from 500% to 100%

A revised, bipartisan Russia sanctions bill in the US Senate — the Sanctioning Russia Act of 2026 — was unveiled on 14 July 2026, lowering the proposed secon...

GS Paper 2 GS Paper 3 International Relations Economics 5m
15 15

Piyush Goyal holds key meetings with EU, Belgian leaders to deepen trade, clean energy, agriculture cooperation

A high-level Indian business delegation visited Spain, Belgium, and Finland to advance India's economic partnership with the European Union. In Brussels, the...

GS2 (International Relations, Bilateral/Regional Groupings) GS3 (Indian Economy, Trade) International Relations Economics 4m