Economy & Policy News

Why the 16th Finance Commission award may not derail fiscal consolidation

An examination of Finance Commission awards from the 11th to the 15th shows that transfers to states have not materially strained the Centre's finances, even during periods of higher devolution

EoI deadline for Customs Integrated System extended to Jan 31

According to the revised notice, the timelines for both purchase of the EoI document and bid submission have been revised from the earlier January 21 deadline

RBI brings forward ₹1 trillion bond purchases to ease liquidity pressure

The RBI bought 3 ​trillion rupees of bonds during December-January, boosting the note-purchase tally for the fiscal year to a record 5.7 trillion rupees

India-EU FTA signed, energy sector offers $500 bn opportunity: PM Modi

Prime minister says pact covers a quarter of global GDP as India builds export-oriented energy ecosystem

India-EU FTA to benefit industry on both sides, spur investments: Goyal

Speaking after the conclusion of the India-EU free trade agreement, Goyal said the pact was a win-win for all sections of industry in India as well as Europe

India-EU trade agreement: Key highlights from 'Mother of all deals'

Prime Minister Narendra Modi said that the free-trade deal accounts for 25 per cent of global gross domestic product and about one-third of global trade

India-EU trade deal: Exports to double; tariff reductions on 96% goods

The trade deal, which is being called the 'mother of all deals', will strengthen economic and political ties between the world's second and fourth largest economies

Offers of Venezuelan oil limited, most going to US, say Indian refiners

Indian refiners say only small volumes of Venezuelan crude are being offered as most supplies are directed to the United States

India to get access to EU market for over 99% of exports under FTA: Goyal

This partnership, he said, was forged between the fourth and the second-largest economies, accounting for one-third of global trade

European wines to get less expensive following India-EU free trade deal

Under the pact, the duty on EU wines would fall from 150 per cent to 20 per cent (for expensive ones)

Canada, India pledge to grow oil, petroleum trade in energy reset

The renewed push marks one of Prime Minister Mark Carney's major efforts to diversify Canada's export markets at a time of escalating trade tensions with the US

Two decades in the making, India and EU reach deal opening up markets

Historic agreement phases out tariffs on over 90% of bilateral trade while shielding India's sensitive agricultural and burgeoning EV sectors

India, EU conclude 'mother of all' trade deals, says Ursula von der Leyen

This is only the beginning, we will grow our strategic relationship to be even stronger, the European Commission chief said

India-EU FTA to be a 'living agreement' with multiple review mechanisms

FTA will boost trade diversification, labour-intensive exports and services while safeguarding sensitivities on both sides, say officials

PM Modi announces signing of India-EU trade deal, hails landmark agreement

Modi said people are discussing it as a "mother of all deals", and this agreement has brought a lot of opportunities for 140 crore Indians and crores of Europeans

Russia oil flows into India show resilience, likely to continue into 2026

India will continue to look out for the best prices and best margins for its refiners, strategically changing its buying slate while also dropping Russian imports slightly, a Kpler analyst said

Negotiations over, India-EU much-awaited FTA set for rollout by 2027

Deal likely to be announced on Tuesday; legal scrubbing, pact signing may take 5-6 months

Youthful states build fiscal muscle; ageing states pay pension price

Demographics now drive state revenue, spending, debt: RBI report

India-EU summit begins on Tuesday, to focus on security and defence ties

India and the European Union will unveil a Security and Defence Partnership at the 16th India-EU Summit, alongside progress on a free trade agreement, mobility framework & wider strategic cooperatio

Russian oil sanctions look porous as India, China absorb excess supply

Shipping and production data show Russian crude exports since November exceeding available non-sanctioned supply, with Indian and Chinese refiners absorbing most of the excess flows