Economy
Centre enacts series of reforms to keep food subsidy bill in check
Changes to AAY entitlements, digital food vouchers, procurement systems and PDS reforms signal a broader effort to improve targeting, reduce leakages and contain food subsidy costs
 "Centre enacts series of reforms to keep food subsidy bill in check")
WPI inflation rises to 9.87% in June on food, primary articles price spike
Wholesale inflation rose to a fresh record in June as food and primary article prices accelerated, outweighing a moderation in fuel and power inflation
 "WPI inflation rises to 9.87% in June on food, primary articles price spike")
India's duty-free steel exports to UK likely to be around $1 bn annually
A higher tariff-rate quota secured under the India-UK trade pact is expected to lift India's annual duty-free steel exports to the UK to around $1 billion
 "India's duty-free steel exports to UK likely to be around $1 bn annually")
Centre's net direct tax revenue rises 16.4% to ₹6.51 trn so far this year
Net direct tax collections rose 16.4% to ₹6.51 trillion by July 13, led by strong corporate tax growth and a sharp jump in securities transaction tax receipts
 "Centre's net direct tax revenue rises 16.4% to ₹6.51 trn so far this year")
India, EU textile bodies launch platform to support FTA implementation
The new India-EU Textile and Apparel Dialogue aims to help industry stakeholders support effective implementation of the proposed free trade agreement and strengthen bilateral trade
 "India, EU textile bodies launch platform to support FTA implementation")
Govt amends trade policy, bans import of goods produced with forced labour
The Indian government on Tuesday issued a notification to ban the import of goods made using forced labour, aligning with global labour standards
 "Govt amends trade policy, bans import of goods produced with forced labour")
India Inc's ECB, FCCB fundraising intent rises to $4.74 billion in May
Indian companies filed proposals to raise $4.74 billion through ECBs and FCCBs in May 2026 under the automatic route, with IRFC, NTPC and REC among key borrowers
 "India Inc's ECB, FCCB fundraising intent rises to $4.74 billion in May")
Affordable childcare can unlock India's female workforce: UNDP India chief
UNDP India chief Angela Lusigi says reducing women's unpaid care burden through affordable childcare is key to boosting workforce participation and improving access to skilling
 "Affordable childcare can unlock India's female workforce: UNDP India chief")
Citi, others retract India rate hike calls as inflation may stay moderate
Cooling core inflation and a lower annual inflation outlook are prompting economists to scale back expectations of RBI rate hikes despite June's retail inflation uptick
 "Citi, others retract India rate hike calls as inflation may stay moderate")
Mospi launches trial services output index to track monthly sector activity
The trial Index of Services Production covers 19 sub-sectors of the formal economy, with accommodation and food services recording the fastest growth in April 2026
 "Mospi launches trial services output index to track monthly sector activity")
India's June vegetable oil imports fall 29% on shrinking palm oil discount
India, the world's biggest importer of edible oils, had bought 16.16 lakh tonne in June 2025
 "India's June vegetable oil imports fall 29% on shrinking palm oil discount")
Mining and construction equipment-linked capex to double by 2030: Report
Capital expenditure linked to mining and construction equipment is projected to rise from ₹5.5 trn in 2025, driven by highways, metros, ports, airports and critical mineral projects
 "Mining and construction equipment-linked capex to double by 2030: Report")
India's inflation risks mount on renewed US-Iran tensions, El Nino
June inflation breached the RBI's 4% target for the first time in nearly 18 months, while rising oil prices and weak monsoon rains have added fresh uncertainty to the central bank's policy path
 "India's inflation risks mount on renewed US-Iran tensions, El Nino")
India's wholesale inflation rises to 9.87% in June on high food prices
Food inflation under the Consumer Food Price Index (CFPI) stood at 5.32 per cent while fuel and power inflation remained elevated at 27.41 per cent in June, although it eased from 30.3 per cent in May
 "India's wholesale inflation rises to 9.87% in June on high food prices")
CBIC rolls out process to claim duty concessions under India-UK FTA
CBIC has outlined the operational framework for self-certification of origin under the India-UK trade pact, enabling importers to claim preferential tariff benefits from July 15
 "CBIC rolls out process to claim duty concessions under India-UK FTA")
Bank of Baroda raises India's FY27 GDP growth forecast to 6.6-6.8%
The public sector lender has raised its FY27 growth forecast by 40 basis points, citing easing oil prices, improving monsoon conditions and resilient economic indicators
 "Bank of Baroda raises India's FY27 GDP growth forecast to 6.6-6.8%")
US trade pact will be signed when time is right: Commerce Secretary
Fully engaged with Washington for a balanced deal, says Piyush Goyal
 "US trade pact will be signed when time is right: Commerce Secretary")
India's trade deficit widens to five-month high of $30.43 billion in June
The trade deficit widened sharply to $30.43 billion in June from $28.21 billion a month ago
 "India's trade deficit widens to five-month high of $30.43 billion in June")
India's retail inflation breaches RBI target to hit 4.38% in June
Fuel costs lift food prices; experts don't expect rate hike
Rupee hits 1-month low as West Asia tensions, oil prices weigh on sentiment
The rupee fell to a one-month low against the US dollar as rising crude oil prices and renewed tensions in West Asia weighed on sentiment, with RBI intervention limiting losses
 "Rupee hits 1-month low as West Asia tensions, oil prices weigh on sentiment")