Economics
Trade, fiscal policy, banking, agriculture and economic indicators
RBI gives Urban Cooperative Banks new lease of life | Explained
The Reserve Bank of India signalled it will resume issuing fresh licences for Urban Cooperative Banks (UCBs), reversing a freeze on new licences that had las...
UPI charges: Lok Sabha passes bill for government to make changes
The Lok Sabha passed the Taxation and Other Laws (Amendment) Bill, 2026, which amends Section 10A of the Payment and Settlement Systems Act, 2007. The amendm...
India can raise per capita income six-fold by '47: NITI Vice Chairman
The NITI Aayog Vice-Chairman stated that India's per capita income needs to rise roughly six-fold — from an estimated $2,813 to around $18,000 — for the coun...
Parl panel for early conclusion of India-US trade pact, tariff exemptions on key goods
The Department-related Parliamentary Standing Committee on Commerce presented its 200th report, "Evaluation of India-US Trade Relations," to both Houses of P...
Union Cabinet approves ₹23,371 crore GOBARdhan scheme to fuel CBG sector growth
The Union Cabinet approved GOBARdhan (National Circular Bioenergy Scheme) with a total outlay of ₹23,731 crore The scheme will be implemented from FY2026-27 ...
Fiscal federalism, efficiency versus equity concerns
Analysis of the 16th Finance Commission's recommendations has raised concerns about a shift in emphasis from equity (redistributing resources toward poorer s...
India may rationalise most customs tariffs by budget 2027-28, Nirmala Sitharaman says
The Finance Minister indicated that customs tariffs on most goods could be brought down to single digits by the Union Budget for 2027-28 The statement frames...
Lok Sabha passes Bill enabling Centre to allow UPI charges, MDR on digital payments
The Lok Sabha passed a bill amending the Payment and Settlement Systems Act, 2007, empowering the Central Government to permit charges — including Merchant D...
Govt backs 20 indigenous AI models, clears 58 centres of excellence
The government has extended support to 20 indigenous AI foundation model proposals under the IndiaAI Mission, spanning Large Multimodal Models and Small Lang...
India-Israel investment agreement in force: Modi, Netanyahu discuss enhanced bilateral ties
The India-Israel Bilateral Investment Agreement, signed in September 2025, came into force, providing a framework for investment protection and promotion bet...
Residential rooftop solar installations cross 16,300 daily under PM Surya Ghar scheme: Pralhad Joshi
Daily residential rooftop solar installations under the PM Surya Ghar: Muft Bijli Yojana crossed 16,300 a day in July 2026, more than three times the pace re...
Lok Sabha passes Taxation and Other Laws (Amendment) Bill without discussion
The Lok Sabha passed the Taxation and Other Laws (Amendment) Bill, 2026 by voice vote, without discussion The Bill amends the Payment and Settlement Systems ...
Farmer groups warn MPs that Seeds Bill and trade deals could weaken control over traditional seeds
Farmer organisations raised concerns with Members of Parliament about the Draft Seeds Bill, 2025, and simultaneous intellectual-property (IP) demands in ongo...
India's big billion-dollar trade deals are done. Now comes the real test
India has concluded a series of major free trade agreements in recent years, including with the United Arab Emirates, Australia, the European Free Trade Asso...
Lok Sabha passes Taxation and Other Laws (Amendment) Bill to boost foreign investment, electronics manufacturing
The Lok Sabha passed the Taxation and Other Laws (Amendment) Bill, 2026, amending the Income-tax Act, 2025, the Payment and Settlement Systems Act, 2007, and...
India’s new 15-year tax break could unlock global rough diamond trade
The Lok Sabha passed the Taxation and Other Laws (Amendment) Bill, 2026, introducing a 15-year income-tax exemption for eligible foreign companies selling qu...
RBI holds repo rate at 5.25%, raises FY27 growth forecast, cuts inflation outlook
The Reserve Bank of India's Monetary Policy Committee (MPC) kept the policy repo rate unchanged at 5.25% for the fourth consecutive bi-monthly review, retain...
India-Sri Lanka focus on infrastructure projects; updating FTA to boost Comprehensive Partnership
India's Foreign Secretary undertook a standalone visit to Sri Lanka, meeting the Sri Lankan President, Prime Minister and Foreign Minister to review bilatera...
New framework to standardise interest rate rules on the anvil, says RBI
The Reserve Bank of India announced plans for a new principle-based framework to standardise interest rate rules on advances (loans) across all its regulated...
DGFT notifies export-only inventory rules for foreign-funded e-commerce firms
The Directorate General of Foreign Trade (DGFT) notified operational rules allowing foreign-funded e-commerce entities to hold inventory of domestically manu...