Economics
Trade, fiscal policy, banking, agriculture and economic indicators
Government revises PM e-DRIVE scheme, sets new deadlines for e-scooters, e-rickshaws
The Ministry of Heavy Industries officially revised the PM e-DRIVE scheme, setting differentiated deadlines for EV incentive eligibility: electric two-wheele...
PM E-DRIVE extends EV incentives for two-wheelers till July 2026; e-rickshaws gain till 2028
The Ministry of Heavy Industries revised guidelines under the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM e-DRIVE) scheme, extending t...
India relaxes rules for some state-run firms to procure critical equipment from China
The Government of India issued an order on March 27, 2026, allowing select state-run companies to procure critical equipment from Chinese suppliers, partiall...
WTO is relevant, necessary guardrails must in place before plurilaterals’ inclusion: India
At the 14th WTO Ministerial Conference (MC14) held in Yaoundé, Cameroon (March 26–29, 2026), India articulated its position that plurilateral agreements can ...
Rajya Sabha clears Finance Bill 2026 | Excise duty cut to not burden citizens, says FM; poll move: Opposition
The Rajya Sabha cleared the Finance Bill 2026, completing Parliament's approval of the Union Budget's legislative framework ahead of the new financial year (...
Prolonged disruption in West Asia to have global credit implications: Moody’s
Moody's has warned that a prolonged disruption in West Asia — particularly to navigation through the Strait of Hormuz — would trigger sustained global credit...
5 India-bound LPG ships stay anchored near Hormuz Strait
Five large LPG tankers carrying a combined cargo of over 1.7 lakh tonnes (approximately 230,000 metric tonnes) of liquefied petroleum gas remained anchored n...
PM calls for ‘Team India’ effort in meet with CMs over West Asia crisis
Prime Minister Narendra Modi chaired a virtual meeting with Chief Ministers and Lieutenant Governors of states and Union Territories to review India's prepar...
UN Creates Task Force Aimed at Addressing Hormuz Closure
The United Nations has established a dedicated task force to address the humanitarian consequences arising from the effective closure of the Strait of Hormuz...
Trade deal with India not far-off, but there are still gaps: U.S. official
A senior US official stated that an India-US bilateral trade agreement is "not far off" but acknowledged that significant gaps remain in the negotiations. A ...
Stronger trade corridors and supply chains needed, says Jaishankar
External Affairs Minister S. Jaishankar, addressing the G7 Foreign Ministers' Meeting in Paris, argued that the uncertainties created by the West Asia confli...
Centre to borrow ₹8.2 trillion in FY27 first half; no impact of Iran war — yet
The Finance Ministry announced that the central government will borrow Rs 8.20 trillion (Rs 8.20 lakh crore) in the first half of FY27 (April–September 2026)...
Courier export value limit to be scrapped
The Directorate General of Foreign Trade (DGFT) has removed the per-consignment value cap on exports made through courier services, effective April 1, 2026 T...
Press Note 3 of 2020 amendment provides for beneficial ownership definition: Govt to Parliament
The government informed Parliament that the 2026 amendment to Press Note 3 (PN3) of 2020 formally defines "beneficial ownership" for FDI purposes for the fir...
India may face credit stress if Gulf conflict drags on: Moody's
Moody's Ratings identified India as "highly vulnerable" to a prolonged closure of the Strait of Hormuz, warning of rising credit stress for India and other A...
India, US review next steps in trade pact talks
Commerce Minister Piyush Goyal met US Trade Representative (USTR) Jamieson Greer on the sidelines of the WTO's 14th Ministerial Conference (MC14), held in Ya...
RBI tightens norms on net open positions to curb rupee’s slide
The Reserve Bank of India directed authorised dealer banks to limit their net open position (NOP) on the rupee in the foreign exchange market to $100 million...
India, Europe eye deeper ties as PM Modi plans May-June visits
Prime Minister Narendra Modi is scheduled to visit Oslo, Norway in May 2026 for the 3rd India-Nordic Summit, where leaders of all five Nordic nations (Norway...
Tariff cuts fail to revive US demand for Indian export; Policy uncertainty, Section 301 probe delay recovery in shrimp, textiles
Indian exports to the United States are struggling to recover despite the India-US bilateral trade deal announced in February 2026 that reduced tariffs on mo...
Indian ships face GPS jams, mine alerts in Hormuz
The Islamic Revolutionary Guard Corps (IRGC) Navy has been broadcasting warnings over maritime VHF channels, declaring the Strait of Hormuz closed and prohib...