Page 2 - Indian Government

To bridge trade gap, India and Russia may cut duties, ease barriers

Russia eyes mobility pact, duty cuts and sanctions-proof oil trade; major defence deals unlikely at annual summit

Review medium-term debt target, make it more ambitious: IMF to Centre

In its Article 4 review, the Fund called for broader debt anchors, stronger state-level reforms and careful monitoring of tax cuts as India continues fiscal consolidation

18 nations and rising: India builds global support for its Pharmacopoeia

Industry representatives argue that global acceptance of Indian Pharmacopoeia could significantly reduce export costs and make Indian drugs more affordable to developing nations

India proposes anti-dumping duties on met coke imports from six countries

DGTR flags heavy dumping from Australia, China, Colombia, Indonesia, Japan and Russia, citing losses and shutdowns for domestic producers

Export subsidies will help but we should aim to be globally competitive

The scheme will be implemented through the Directorate General of Foreign Trade (DGFT)

Rising committed expenditure squeezing states' development spending: PRS

PRS Legislative Research says states spend over 60 per cent of revenue on salaries, pensions, and subsidies, limiting room for growth and welfare spending

India considering $12 billion plan to bail out state power distributors

The Power Ministry and the Ministry of Finance are discussing the final details of the bailout, with an announcement expected in the February budget, said two of the government sources

Centre sets timelines to speed up work on auctioned mineral blocks

The amendment sets clear milestones between the issuance of the letter of intent (LoI) and the execution of mining leases, with penalties for delays and incentives for early production

Five states plan to borrow ₹17K cr via state development loans next week

The state bond auction will be held on Monday due to market holidays on Tuesday and Wednesday. Meanwhile, T-bill auctions are slated for Thursday, and there will be no G-sec auction on Friday

Equal & uninterrupted: Russian envoy hails mutually beneficial India-Russia ties

Russian Ambassador to India Denis Alipov on Thursday said that India’s choices regarding oil imports are based on its national interests, and that Russia’s partnership with India

Viksit Bharat Buildathon 2025: Registration details, theme, dates, and more

The registration process for Viksit Bharat Buildathon 2025 will close today, Oct 6. The schools can submit entries from October 14 to 31, 2025. The ministry will declare the winners' list in Dec 2025

Nearly 4,000 GST complaints filed in first week of reforms, says govt

The Consumer Affairs Ministry said the National Consumer Helpline received 3,981 GST-related complaints in the first week of reforms, mainly on milk pricing and electronics

India, ADB sign $125 mn loan pact to boost urban services in Assam

The Government of India and the Asian Development Bank (ADB) on Monday signed a USD 125-million loan agreement with an aim to enhance urban livability and bolster climate resilience in six districts of Assam. The project will benefit 360,000 residents of Assam by delivering continuous metered water supply and upgrading storm water management systems, the finance ministry said in a statement. It also seeks to strengthen urban governance through institutional reforms and capacity building, it said. Key infrastructure investments include the construction of six water treatment plants with a combined capacity of 72 million litres per day and 800 km distribution pipelines in the district headquarters of Barpeta, Bongaigaon, Dhubri, Goalpara, Golaghat, and Nalbari, it said. The project will also deploy a real-time monitoring system, aiming to maintain non revenue water below 20 per cent, it said. In Guwahati, the project will enhance storm water management in the Bahini Basin with flood

IB ACIO Answer Key 2025 out for phase 1 exam; How to raise objections

MHA has released the IB ACIO answer key 2025 today on the official website at mah.gov.in. The exam was held on Sept 16, 17 and 18. To download, candidates need to fill in their user ID and password

Govt picks 8 more startups to build indigenous LLMs, sectoral SLMs

Eight more startups, including Fractal Analytics and BharatGen, will build LLMs and SLMs under the IndiaAI Mission as the govt also plans 500 AI data labs and an AI governance framework

Govt may rebid 40 GW renewable projects stuck due to lack of purchase deals

The government is expected to go for rebidding of around 40 GW of renewable energy projects that have been stalled in the absence of power purchase agreements (PPAs), official sources said on Wednesday. These 40 gigawatt (GW) includes both solar and wind capacity projects, one of the sources said. "Marketing efforts are on. If it does not get any success then "we will see at some point we will close it", sources told PTI. At present the winners of these tenders are engaged with distribution companies (discoms) because they are the potential buyers, they said, adding that no one is going to face any loss as no investment has happened yet in these projects. It is only the price discovery which has happened. Tariff rate of solar projects ranges from Rs 2.38 to Rs 2.56 per unit, while for that of vanilla wind between Rs 3.70 per unit and Rs 3.90 per unit, they said. Meanwhile, industry body FICCI said in a statement that the CERC (Central Electricity Regulatory Commission) will releas

Govt proposes tax exemption of up to 20 years for data centre developers

Incentives in Meity's draft include GST input tax credit on assets

Centre may meet FY26 fiscal deficit target despite GST overhaul: Fitch

Separately, Bank of Baroda in a report said the impact of GST reforms will be minimal as it accounts for Rs 48,000 crore or only around 0.1-0.2 per cent of the GDP

India's display fab debate: Micro-OLED versus LCD and OLED technology

Meity mulls using micro-OLED tech for 1st display fab plant

Moderate impact of GST cuts on fiscal deficit; inflation may lower 50-90bps

Besides, a cut in the tax rate on nearly one-fourth of the essential and household items contained in inflation basket may lead to a moderation of 50-90 bps in retail inflation over next 12 months