Page 2 - Krity Ambey

India's Brics payment pitch falls short of leaders' declaration

BRICS leaders stopped short of endorsing concrete steps on payment-system interoperability and local-currency trade, leaving India's long-running push without a firm action plan

Brics' Delhi Declaration opposes unilateral trade measures, flags CBAM

The Brics New Delhi Declaration opposes CBAM and unilateral tariff and non-tariff measures, while backing greater customs cooperation and local-currency trade settlement

PM Modi moots greater voice for global economic drivers at Brics Summit

PM Modi calls for a greater voice for countries driving global economic growth and reforms in the UN Security Council and global financial institutions

Goyal urges Brics to trade in local currencies, link payment systems

The commerce minister also called for easier market access, simpler regulatory procedures and deeper cooperation in digital trade, critical minerals and resilient supply chains

India-EU FTA heads to EU Council for approval, signing likely in December

"If authorized by the Council, this will be the largest trade agreement ever concluded by both the EU and India," the European Commission said in a statement

Brics Summit: Businesses expect grouping to deliver on trade, investment

Indian businesses seek easier market access and lower regulatory barriers, while economists expect local currencies, investment and energy security to be key themes

India, Russia aim to increase trade to $100 bn by 2030: Piyush Goyal

Commerce minister says non-energy trade offers headroom for growth as India and Russia target $100 billion in annual bilateral trade and $50 billion in investment by 2030

India's goods exports rise over 15% in April-August: Piyush Goyal

Merchandise exports rose more than 15 per cent in April-August, indicating they crossed $200 billion, as India targets $1 trillion in total exports this financial year

India-Brics trade is essentially an import story as deficit widens

Brics partners accounted for nearly 42% of India's merchandise imports in FY26

India-Sacu pact could reshape New Delhi's emerging-market trade strategy

The proposed preferential trade agreement could open new export markets, diversify critical mineral supplies and test whether calibrated deals with developing economies can complement India's recent d

Interest limited, govt to review ₹25,000-crore export promotion schemes

Aims to spend ₹3,710 cr in FY27, up from ₹2,250 cr in FY26

India's next infra phase needs state, city-level financing: Dasgupta

ADB's Bhargav Dasgupta says India must unlock sub-national financing to meet its $840-billion urban infrastructure need and attract larger pools of private capital

India-New Zealand free-trade agreement likely to take effect next month

The New Zealand deal comes as India accelerates negotiations with several trading partners to expand market access for its exporters and strengthen supply chains

JCR upgrades India's sovereign rating to A-, flags high govt debt

Japan Credit Rating Agency cites solid economic growth, policy measures and a stronger financial system, but says elevated debt and fiscal deficits remain structural constraints

Net GST revenue receipt up 8.3% in August at ₹1.68 trillion, shows data

Import-related GST revenue surged 29 per cent year-on-year, outpacing domestic growth, while net collections rose 8.3 per cent to ₹1.68 trillion

Economic activity stable, but El Niño clouds food inflation: FinMin

Finance ministry says domestic demand remains resilient, but an intensifying El Nino and weather-related risks warrant caution on food inflation and agricultural output

Centre spends 37% of capital expenditure target in four months

Capital spending rose 30 per cent year-on-year to Rs 4.51 trillion in April-July, while the fiscal deficit fell nearly 3 per cent to Rs 4.55 trillion

PNB may list Haryana Gramin Bank in Q4 or early FY28, says MD & CEO

PNB is also in advanced talks with Punjab & Sind Bank for co-branded credit cards, has mobilised nearly $2.5 billion in FCNR(B) deposits and plans AI-run call centres

India to sustain 7% growth in FY27 despite global headwinds: FM Sitharaman

Finance Minister Nirmala Sitharaman says India can maintain its growth momentum despite geopolitical uncertainties and supply-chain disruptions

India, Canada on track to reach $50 billion trade target by 2030: FM

The two countries are discussing a free trade agreement aimed at boosting bilateral trade, while also exploring a financial investment protection agreement