Economy

Energy security top priority as India plans to diversify sourcing: MEA

After Goyal sidestepped a query on Russian oil imports, MEA said energy security for 1.4 billion people remains India's top priority

Component warehousing safe harbour to offer competitive tax outcome

The proposed safe harbour regime for component warehousing linked to manufacturing may offer multinationals a globally competitive tax outcome and greater certainty on transfer pricing

CBDT puts draft Income-tax Rules, forms out for feedback till Feb 22

Draft rules and forms placed in public domain for 15 days as part of preparatory work for implementation of Income-tax Act, 2025 from April 2026

India-US trade deal: Zero duty for large bikes, to benefit Harley-Davidson

For motorcycles with engine capacities exceeding 1,600 cc, the duty was curtailed to 30 per cent from 50 per cent

India-US trade deal: DDGS duty cuts raise concerns despite tariff rate caps

India-US interim trade framework cuts tariffs on several agricultural items, but Commerce Minister Piyush Goyal said sensitive products such as apples, soybean oil and DDGS will be capped under quotas

Zero duty on gems, pharma exports under India-US trade deal: Piyush Goyal

Addressing a press conference, the Union Minister said that several Indian goods will attract zero duties on export, including pharmaceutical products and smartphones

US trade deal will not hurt interests of farmers, MSMEs, artisans: Goyal

Addressing a press conference, the commerce minister hailed the India-US trade framework, adding that it protects farmers, boosts exports, and strengthens bilateral trade ties

India-US trade deal: Pharma sees no major change during Section 232 probe

India's pharmaceutical exports to the US are unlikely to see major tariff changes under the interim pact as Section 232 investigations continue, though medical devices may gain from better access

India-US trade deal: Boost seen for energy, minerals imports over 5 yrs

India has expressed intent to import $500 billion worth of energy, minerals, technology products and aircraft parts from the US over five years under an interim trade agreement

India-US trade deal: Which sectors will benefit most from tariff cuts?

The trade framework opens opportunities for Indian exporters, safeguards sensitive sectors, and sets the stage for broader cooperation in technology, digital trade, and supply chains

Trade pact opens $30 trn US market; safeguards key sectors, farmers: Goyal

Commerce and Industry Minister Piyush Goyal said that the framework is expected to create jobs and MSME exports while keeping staple crops and dairy outside tariff concessions

India, US agree on interim trade deal framework ahead of full deal talks

The interim framework outlines tariff cuts, market access and technology cooperation while protecting sensitive Indian sectors, paving the way for a broader India US trade agreement

US lifts extra 25% tariffs on Indian goods linked to Russian oil buys

The step is part of a wider agreement to ease trade tensions, under which India plans to buy about $500 billion worth of US goods, including energy, aircraft and technology, over the next five years

New policies in works for faster decision-making: Gadkari on Invit push

Kahi problemach nahi (there's no problem). The NHAI is economically sound, and it has an AAA rating, Union Road Transport and Highways Minister Nitin Gadkari said

RBI Guv Malhotra signals lower rates for longer, trade deal growth boost

MPC keeps repo, stance unchanged; awaits new data series

₹9,200 cr scheme for development of water metro systems in the pipeline

Draft guidelines say vessels for ops to be procured via local shipyards

India's imports from China dip in multiple sectors in 2024-25: MoS Prasada

On the other hand, the export of mobile phones has increased from ₹1,566 crore in 2014-15 to more than ₹2,05,017 crore in 2024-25

Despite Donald Trump's punitive tariff, India keeps importing Russian oil

India gets deep discounts on Russian crude and its exports of petroleum products to China have increased

Russian oil tankers position close to India amid lack of clarity on US FTA

Officials of Indian refiners evaluating Russian crude alongside other grades from Brazil, Angola and UAE

Unspent ₹43,636 cr lies in states' SNA accounts despite higher allocations

More than Rs 43,000 crore remains unutilised in states' SNA accounts under major centrally sponsored schemes, even as Budget sharply raises allocations for education, water and nutrition programmes