Economy

Centre waives Customs duty on charger parts and battery machinery

Duty exemptions on display assembly and wireless charging components, along with expanded relief for lithium-ion cell machinery, aim to boost domestic manufacturing and value addition

India to import uranium from Australia under nuclear deal, deepen ties

Both nations announce 18 outcomes, to deepen defence and maritime security cooperation

Montek Singh Ahluwalia urges states to ease retrenchment ceiling

Former Planning Commission Deputy Chairman Montek Singh Ahluwalia urged states to liberalise retrenchment norms and cut duties on industrial inputs to strengthen manufacturing competitiveness

CBDT to reflect foreign financial information in AIS, Form 26AS under AEOI

The tax department will upload foreign financial information received under international information-sharing agreements into taxpayers' AIS and Form 26AS to improve transparency and compliance

India, Aus deepen energy ties, operationalise civil nuclear cooperation

The two countries finalised arrangements for long-term Australian uranium exports to India and expanded cooperation in critical minerals, mining, renewable energy and energy security

ADB cuts India's FY27 GDP growth forecast to 6.6%, cites West Asia tensions

The Asian Development Bank lowered India's FY27 growth forecast to 6.6 per cent, citing higher energy prices amid West Asia tensions, while retaining its FY28 projection at 7.3 per cent

AI real threat to GCCs handling low-cost, repetitive work: CEA Nageswaran

Highlighting the evolution of India's GCC ecosystem, the CEA said multinational companies initially came to India for lower costs but stayed because of the country's capabilities

India launches LoA regime for high-seas fishing, eyes seafood export growth

The new Letter of Authorisation regime aims to expand sustainable high-seas fishing, raise fishermen's incomes and strengthen India's position in the global seafood export market

India's consumer inflation likely rose above RBI's 4% target in June: Poll

This would also be the highest inflation reading since India introduced its revised consumer price index series with a new base year and updated consumption basket in January

India questions US tariff proposal on forced labour at USTR hearing

Indian govt has said exemptions and preferential tariff treatment under the proposed framework undermine its objective of tackling forced labour and urged the issue be addressed through trade deals

India's energy intensity falls 30% since 1991, easing oil shock risks

This means that while the economy may use larger amounts of energy on an absolute basis as it grows, it is now generating more output per unit of energy consumed than before

Govt waives basic customs duty on key electronics manufacturing components

Exemption on inputs used to make display assemblies, lithium-ion cells and inductor coil modules is to boost domestic manufacturing under PLI scheme and will remain in force till March 31, 2029

ADB cuts India's FY27 growth forecast to 6.6% on higher oil prices

ADB attributed the downgrade to elevated energy prices, which it said are eroding household purchasing power and weighing on private demand

PM Modi invites Australian businesses to invest in India, pushes for CECA

Addressing the Australia-India CEOs Forum in Melbourne, PM Modi called for an early conclusion of the proposed Comprehensive Economic Cooperation Agreement to deepen trade and investment ties

Hardeep Puri questions eruption of 'controversy' over ethanol blended fuels

Petroleum minister says E20 has been used safely for nearly two years and argues higher ethanol blending will reduce crude imports, support farmers and strengthen India's energy security

IMF trims India's FY27 growth forecast to 6.4% from 6.5% in April

The IMF has cut India's FY27 growth forecast to 6.4 per cent, saying higher energy prices outweigh resilient economic activity, while raising its FY28 projection

India considers Rs 40,000 crore undersea power cable to UAE: Power minister

The proposed 1,600-km undersea transmission cable with the UAE is part of India's 'One Sun, One World, One Grid' vision to strengthen cross-border power connectivity

India-EU FTA likely to be rolled out by Apr-Jun 2027: EU chief negotiator

The India-EU free trade agreement is likely to take effect in the April-June quarter of 2027 after ratification, according to the European Commission's chief negotiator

Russia bans diesel exports after Ukrainian drone attacks hit refineries

Russia's temporary diesel export ban has pushed global fuel prices to multi-year highs, adding fresh pressure to energy markets already disrupted by the Iran war

Negotiators give fresh push to FTA with Asean after missing 2025 deadline

India and Asean have asked negotiators to expedite the review of their free trade agreement after missing the 2025 deadline, with talks focused on resolving pending chapters