Economy & Policy News
Indian drugmakers in no rush to shift to US despite tariff threat
Indian pharma companies are expanding selectively in the US for complex products while retaining India as their manufacturing base despite Trump's tariff threat
 "Indian drugmakers in no rush to shift to US despite tariff threat")
Minus N-power plans, fresh private investments fell 32% sequentially in Q1
India's fresh investment plans jumped 71% in Q1FY27, but excluding four mega nuclear projects, private investment weakened amid West Asia-related uncertainty
 "Minus N-power plans, fresh private investments fell 32% sequentially in Q1")
BS poll: 'Cautious' MPC may stick to status quo, retain neutral stance
Most economists expect stance to remain 'neutral'
 "BS poll: 'Cautious' MPC may stick to status quo, retain neutral stance")
West Asia, project delays dent highway building in April-May FY27
Down 45% year-on-year to 740 km in April-May FY27
 "West Asia, project delays dent highway building in April-May FY27")
Govt raises semiconductor demand forecast 50% to $150 billion by 2030
India's semiconductor market already estimated at about $64 billion in 2026
 "Govt raises semiconductor demand forecast 50% to $150 billion by 2030")
Govt to introduce Bankers' Books Evidence Bill in Lok Sabha on Monday
The proposed law will replace the 1891 Act, expand the definition of bankers' books and provide a technology-neutral legal framework for financial records.
 "Govt to introduce Bankers' Books Evidence Bill in Lok Sabha on Monday")
India okayed just one FDI proposal from China, 13 from Hong Kong in FY26
Overall, the government has approved 63 FDI (foreign direct investment) proposals worth Rs 10,292.67 crore, or $1.18 billion, during April 2025-March 2026, according to the DPIIT data
 "India okayed just one FDI proposal from China, 13 from Hong Kong in FY26")
Quadruple import duty on truck tractors: MHI tells finance ministry
MHI says lower import duty is enabling dumping of foreign electric truck tractors in India
 "Quadruple import duty on truck tractors: MHI tells finance ministry")
New urea policy revives self-reliance push, but demand keeps racing ahead
The Centre's new investment policy could attract up to Rs 1 trillion into urea production, but rising demand, subsidy distortions and weak private participation may keep India reliant on imports
 "New urea policy revives self-reliance push, but demand keeps racing ahead")
Panel orders first comprehensive study to reform Delhi's cooperative sector
NABARD approves Delhi's first comprehensive cooperative sector study to identify reforms, strengthen governance, boost digitisation and revive financial performance
 "Panel orders first comprehensive study to reform Delhi's cooperative sector")
Coal dispatch grows 17% in July as India's production rises 7.5% 69.75 MT
India's coal production grew to 69.75 MT in July 2026 from 64.88 MT a year earlier, while coal dispatch rose to 86.33 MT during the month
 "Coal dispatch grows 17% in July as India's production rises 7.5% 69.75 MT")
Govt to fund offshore oil and gas exploration to cut import dependence
Besides underwriting part of the cost of drilling exploration wells, the government will part-fund common infrastructure, including subsea pipelines and onshore oil and gas receipt
 "Govt to fund offshore oil and gas exploration to cut import dependence")
Petrol, diesel sales soar on weak monsoon, LPG demand shifts to piped gas
Petrol sales by Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) climbed 9.7 per cent to 3.45 million tonnes during July
 "Petrol, diesel sales soar on weak monsoon, LPG demand shifts to piped gas")
Weekly economy wrap: Factory growth accelerates as govt unveils energy push
Industrial and services activity strengthened, while fiscal spending, energy security and export competitiveness dominated the policy agenda
 "Weekly economy wrap: Factory growth accelerates as govt unveils energy push")
Odisha govt clears Bill to create economic region development authorities
The Odisha Cabinet approved amendments to the ODA Act to enable Economic Region Development Authorities, with the Bhubaneswar-Cuttack-Puri-Paradeep region set to become the first ERDA
 "Odisha govt clears Bill to create economic region development authorities")
India-China border trade via Shipki La resumes after six-year hiatus
The cross-border trade between India and China through Shipki La, known as the ancient silk route joining India with Tibet, resumed on Saturday after a gap of six years.
 "India-China border trade via Shipki La resumes after six-year hiatus")
More than 59 million ITRs filed for AY27 by July 31: I-T department
The Income Tax Department said more than 59 million income tax returns for Assessment Year 2026-27 were filed by the July 31 deadline for taxpayers not requiring an audit
 "More than 59 million ITRs filed for AY27 by July 31: I-T department")
Gross GST collections rise 15% in July, led by strong import revenues
Gross GST collections climbed to ₹2.11 trillion in July as import-related revenue surged nearly 29 per cent, while domestic collections maintained healthy growth
 "Gross GST collections rise 15% in July, led by strong import revenues")
How reforms revved up India's auto industry over the past 35 years
The reforms of 1991 not only enhanced car buyers' choices but also helped put Indian manufacturing on the global map
 "How reforms revved up India's auto industry over the past 35 years")
Gross GST collection kitty swells 15.4% to over ₹2.11 trillion in July
India's gross GST collections rose, driven by higher revenues from domestic transactions and imports; net collections stood at over ₹1.81trillion
 "Gross GST collection kitty swells 15.4% to over ₹2.11 trillion in July")