Economics
Trade, fiscal policy, banking, agriculture and economic indicators
FM Sitharaman flags global crisis spillovers, unfair burden on developing nations
Finance Minister Nirmala Sitharaman virtually attended the Global Convergence for Growth Summit on June 11, 2026, chaired by French President Emmanuel Macron...
World Bank Raises India's FY27 Growth Forecast to 6.6%
The World Bank has revised upward India's GDP growth forecast for FY 2026-27 (April 2026 – March 2027) to 6.6%, positioning India as the world's fastest-grow...
India grants retrospective custom duty relief on imports of select nuclear power generation equipment
The Union Government has granted retrospective customs duty relief on specified nuclear power generation equipment imported between April 1, 2019 and January...
Govt extends excise duty exemption to higher ethanol-petrol blends
The Central Government has extended the excise duty exemption on petrol blended with higher levels of ethanol, reducing central excise duty to nil on petrol ...
Govt waives excise duty on ethanol-blended petrol
The Finance Ministry notified a complete ("nil") central excise duty exemption on four higher ethanol-blended petrol variants: E22, E25, E27, and E30 (petrol...
Amit Shah announces potential AFSPA rollback next year; groundbreaking MoU paves way for energy self-reliance
A tripartite Memorandum of Understanding (MoU) was signed on June 11, 2026, among the Central Government, the Government of Assam, and the Government of Naga...
Niti Aayog Governing Council meeting begins under PM’s chairmanship
The 11th Governing Council Meeting of NITI Aayog convened on June 11, 2026, at Rashtrapati Bhavan Cultural Centre, New Delhi, under the Prime Minister's chai...
BIS sets norms to protect indigenous seeds
The Bureau of Indian Standards (BIS) has published Indian Standard IS 20201:2026, a comprehensive management framework for Community Seed Banks (CSBs) across...
India protecting industry from unfair trade practices of certain countries: Piyush Goyal
The Commerce and Industry Ministry has articulated a dual-track trade policy: actively protecting domestic industries from unfair trade practices such as dum...
Tieups with higher per capita income nations beneficial to all: Piyush Goyal
At a commerce and industry event, the Union Minister for Commerce and Industry articulated India's deliberate strategic rationale for pursuing FTAs with high...
Higher ethanol blended petrol between 22-30% exempted from central excise duty
The Department of Revenue (Ministry of Finance) issued a notification on June 11, 2026, exempting E22, E25, E27, and E30 petrol blends from Central Excise Du...
Reliance, Vedanta, Adani join India’s drive to cut China rare earth dependence
Major Indian conglomerates — Reliance Industries, Vedanta, and Adani Group — have announced investments and partnerships to develop rare earth processing and...
Trump threatens to seize Kharg Island as U.S., Iran continue attacks
The US administration threatened to seize Kharg Island — Iran's primary oil export terminal accounting for approximately 90% of Iranian crude exports — as pa...
Watch: Government waives excise duty on E22 to E30 petrol blends
The Ministry of Finance notified a complete exemption from Central Excise Duty, Special Additional Excise Duty, Road and Infrastructure Cess, and Agriculture...
Issues related to India-EFTA trade pact implementation may figure during Piyush Goyal's Switzerland visit
India's Commerce Ministry is holding discussions in Switzerland to address implementation issues related to the India-EFTA Trade and Economic Partnership Agr...
India to remain fastest-growing major economy at 6.6 pc in FY27, down from 7.2 last year: World Bank
The World Bank's India Development Update (April 2026) projects India's GDP growth at 6.6% in FY2026-27, down from 7.6% in FY2025-26 (revised upward under th...
Hospital bills, captive patients: Why CCI’s ruling may weaken consumer protection
The Competition Commission of India (CCI) closed abuse-of-dominance proceedings against 12 super-speciality hospitals in the Delhi-NCR region on May 21, 2026...
Iran closes Strait of Hormuz after US strikes, escalating Gulf tensions
Following fresh U.S. military strikes on Iranian territory, the IRGC formally declared the Strait of Hormuz closed to all vessels, including oil tankers and ...
The reality behind falling net FDI
India's net FDI fell sharply to approximately $0.4 billion in FY25, despite gross FDI inflows rising 13.7% year-on-year to $81 billion — a decline of over 96...
Reserve Bank of India (Commercial Banks – Credit Facilities) Third Amendment Directions, 2026
The Reserve Bank of India issued the RBI (Commercial Banks – Credit Facilities) Third Amendment Directions, 2026, on June 10, 2026, permitting scheduled comm...