Page 2 - Krity Ambey

PM Modi unveils seven-pillar 'Sapta Dhara' roadmap for Viksit Bharat

The framework places manufacturing, food processing and technology at its core, alongside infrastructure, defence, the green and blue economy, and India's soft power

White House report flags India in China-linked transshipment network

The White House report places India in Tier 1 of China's alleged transshipment network and flags the Pune-Gujarat-Chennai production belt as a potential corridor

Surge in imports bill pushes trade deficit to 6-month high of $31.98 bn

Goods imports rose to a nine-month high of $76.22 billion in July, while goods exports jumped nearly 20 per cent to $44.24 billion during the month

India wary as US' Russia tariff Bill advances, keeps eye on trade talks

Official says trade talks with Washington remain 'reassuring'

Govt weighing two models to offset UPI costs: FinMin tells Parl panel

Restoring MDR for high-threshold transactions/merchants; or a tiered incentive structure

Evolving West Asia crisis may have fiscal impact in FY27: FinMin to panel

The ministry said its fiscal consolidation path and Rs 1 trillion stabilisation fund provide room to absorb mild shocks, but sustained oil-price increases pose risks

India, South Africa-led group to begin trade pact talks in a month

The proposed preferential trade agreement will initially cover goods, with India and the five-member customs union aiming to conclude negotiations within a year

Fitch affirms India's BBB- sovereign rating, retains stable outlook

The rating agency expects India's economy to grow 6.4 per cent in FY27 but flagged high government debt, weak fiscal metrics and lagging structural indicators

₹86,917 cr in unclaimed deposits with RBI fund, FinMin tells Parliament

SBI had the largest amount of unclaimed deposits transferred to the fund at Rs 20,040 crore, followed by Punjab National Bank at Rs 7,585 crore, Canara Bank at Rs 6,830 crore

Calcutta Stock Exchange has not submitted formal revival plan to Sebi: Govt

The exchange asked Sebi in July to put its February 2025 exit application on hold, but the regulator has yet to receive a formal proposal for its revival

Parliament passes Bill to recognise digital bank records as evidence

The legislation replaces the colonial-era Bankers' Book Evidence Act of 1891 and provides explicit legal recognition to electronic and digital banking records

Govt's debt-to-GDP ratio at 58.2% in FY26, 210 bps above target of 56.1%

The government will have to cut its debt-to-GDP ratio by 260 basis points in the current financial year to meet the Budget Estimate of 55.6 per cent for FY27

US may gain edge in India trade talks over Russian oil purchases: Experts

US senate passes bill threatening 100% tariff on top russian oil buyers

Govt reviewing bilateral investment treaty model to make BITs accommodating

The proposed overhaul seeks to make India's investment treaty regime more investor-friendly while retaining sovereign safeguards and advancing negotiations with key partners

AI safety must keep pace with adoption in financial sector: CEA Nageswaran

The Chief Economic Adviser said AI can improve credit assessment and risk detection in fintech, but firms must prioritise safety and security as adoption accelerates

Tariff on most items to be in single digits in FY28 Budget: FM Sitharaman

The government aims to bring customs duty on most items to single-digit rates by the FY28 Budget while continuing tariff rationalisation and asset-focused borrowing

Foreign etailers told to set up separate export-only units in India

The DGFT has notified a framework requiring foreign-owned e-commerce firms to create separate legal entities for inventory-based exports of Indian-made goods under the revised FDI policy

Indian Bank aims to more than double business to ₹35 trillion by 2032

The public sector lender plans to strengthen its presence in Delhi and Mumbai while relying on MSME growth and financial inclusion to achieve its long-term business target

HFIs show sustained economic activity, domestic demand in Q1: Chaudhary

Finance MoS Pankaj Chaudhary said improving industrial output, moderate inflation and resilient domestic demand support growth despite global uncertainty and monsoon risks.

India currently faces 9 WTO disputes over sugar subsidies, ICT tariffs, PLI

Commerce MoS Jitin Prasada said India is defending nine WTO disputes involving sugar subsidies, ICT tariffs and PLI schemes, with appeals pending in several cases.