Economy

India-UK trade pact origin rules notified ahead of July 15 rollout

The finance ministry has notified rules for determining the origin of goods under the India-UK trade pact, clearing the way for the agreement's implementation from July 15

Industry leaders back E20 rollout, say years of testing found no concerns

Industry experts defended India's E20 rollout, saying the ethanol blending programme followed years of testing and consultations, with no major concerns found by automakers and research bodies

Assam's June GST collection jumps 15%, outpaces national average growth

The GST collection in June stood at ₹1,437 crore as against ₹1,255 crore in the same month last year

India-Peru FTA unlikely soon; Canada pact may close in 6 months: Goyal

India exported goods worth $1.4 billion to Peru during the last financial year, while imports stood at $8.87 billion, resulting in a trade deficit of $7.47 billion

Greater market access in China would strengthen ties: Indian Ambassador

India's envoy says wider access for pharmaceuticals and higher Chinese investment would benefit trade and improve overall relations between the two countries

Goyal, Jaishankar and Vaishnaw to visit Brussels for TTC talks with EU

Piyush Goyal says the Trade and Technology Council dialogue will complement the recently concluded India-EU free trade agreement, while India aims to conclude the Canada FTA within six months

India focuses on skilled mobility as NZ tightens immigration rules: MEA

MEA says India's priority is facilitating the movement of high-skilled professionals through trade agreements, ahead of PM Modi's visit to New Zealand

Datanomics: India sees trade deficit with Seychelles on aircraft imports

India's FY26 trade with Seychelles swung to a $267 million deficit as aircraft imports surged, despite 19 new agreements to strengthen defence, maritime security and infrastructure ties

PM Modi to launch ₹1 trillion projects in Rajasthan, Gujarat on Saturday

Prime Minister Narendra Modi will inaugurate a refinery-cum-petrochemical complex, a semiconductor facility and other projects worth about ₹1.06 lakh crore during his visit to Rajasthan and Gujarat

Kerala explores ₹60,000 crore high-speed rail, with partial public equity

The rail system may require about 1,000 MWh a day, which is equivalent to Rs 31.50 lakh worth of electricity being saved every day

GDP calculations get new yardstick with PPI deflator from June quarter

The move follows the latest IIP data set, which marked the shift from the WPI to the output PPI as the deflator for item groups where the output is collected in value terms

India's services PMI falls to 17-month low in June amid weaker demand

The HSBC India Services Purchasing Managers' Index (PMI), which tracks monthly changes in services activity, fell to 57.4 in June from 59.8 in May

India's goods exports likely to cross $500 bn in FY27: Piyush Goyal

Commerce Minister Piyush Goyal expects merchandise exports to grow 16-17 per cent and services exports 10-11 per cent, taking India's total exports close to the $1 trillion target

MFs making markets resilient amid global volatility, says Sebi WTM

Domestic institutional investors, led by mutual funds and SIPs, have emerged as a key stabilising force for Indian capital markets amid global volatility and FPI outflows, says SEBI

Ethanol blending backed by global practice, scientific studies: Govt

The Centre allocated an additional 2 million tonnes of FCI rice for ethanol production while defending the E20 programme against claims on water use, engine damage and environmental impact

Middle class growth engine of India, 500 cities to be economic hubs: FM

Quoting an OECD study, Sitharaman said India will surpass China in absolute terms in its middle-class population size between 2030 and 2035 on the back of several measures taken by the government

India's foreign exchange reserves fall to 15-month low of $666.93 billion

India's foreign exchange reserves declined by $5.65 billion to a 15-month low of $666.93 billion in the week ended June 27, mainly due to a sharp fall in gold reserves

India to oppose proposed US tariffs over forced labour at USTR hearing

The CII also asserted that India has a robust constitutional and statutory framework that ensures Indian companies cannot practice forced labour

Govt seeks to contain backlash against mandatory E20 petrol rollout

The Centre defended the mandatory use of 20 per cent ethanol-blended petrol after criticism over fuel efficiency and vehicle performance fuelled calls for protests

India targets $1 trn exports in FY27, eyes 17% goods export growth: Goyal

Speaking at the Board of Trade meeting at Vanijya Bhawan in New Delhi, Goyal said the target would require a sharp increase in both goods and services shipments