Latest posts
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Govt cuts edible oil duty to ease prices
The government has cut customs duty on various edible oils, which includes crude and refined oils. These changes aim to reduce import costs and potentially ease domestic prices. The reduced duties are effective from September 24, allowing businesses to benefit immediately. India, one of the largest edible oil importers, is sensitive to global commodity price…
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RBI special windows seen big enough to bring in $100B
India’s new forex inflow programs may attract approximately one hundred billion dollars. These special drives have already mobilized over forty billion dollars in foreign exchange. Experts predict these initiatives could significantly exceed initial mobilization estimates. The Reserve Bank of India introduced these facilities to support the balance of payments. These programs aim to cushion the…
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Sebi working towards balanced derivatives market: Tuhin Kanta Pandey
In a recent statement, Tuhin Kanta Pandey, the chairman of the Securities and Exchange Board of India, outlined strategic initiatives aimed at stabilizing the derivatives market. He pointed out derivatives’ vital role in bridging cash and futures trades, while recognizing that most challenges arise from short-dated index options during expiry times.
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India, Canada aim to conclude CEPA trade pact by end-2026: MEA
India and Canada are working to finalize their economic partnership agreement. Negotiations for the Comprehensive Economic Partnership Agreement are progressing well. Both nations aim to conclude these important talks by the end of 2026. This agreement seeks to liberalize trade and strengthen economic cooperation between the two countries. Prime Minister Modi plans a visit later…
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Govt’s urban reset: Centre divides ministry of Housing and Urban Affairs into two specialised verticals
The Ministry of Housing and Urban Affairs has undergone a significant structural overhaul. Senior bureaucrats were replaced and new leadership appointed to spearhead its flagship missions. The ministry was split into two specialized departments, focusing on capital development and urban development. This administrative revamp aims to streamline service delivery and accelerate infrastructure projects. Personnel shifts…
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From Oman to Tanzania: How the Iran war is redrawing India’s trade map
India’s trade is changing due to West Asia conflict. Oman is now a major import partner, especially for energy. Russia and the US are also key import sources. Singapore has become India’s third-largest export destination. Tanzania and South Africa are seeing increased Indian exports. These shifts highlight new trade routes and partnerships.
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India-UK CETA takes effect: First zero-duty Indian coffee, jewellery consignments reach UK shores
The India-UK Comprehensive Economic and Trade Agreement has officially come into force. Zero-duty consignments of Indian jewellery and coffee have now landed in the United Kingdom. This landmark pact is expected to significantly boost bilateral trade between the two nations. Businesses anticipate substantial growth and increased market competitiveness following the agreement. The pact aims to…
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Apple faces Indian engineer’s bias lawsuit
Anita Nariani Schulze is part of the Sindhi minority. Her complaint alleges that her senior and direct managers, both male, consistently excluded her from meetings while inviting her male counterparts, criticised her, micromanaged her work and deprived her of bonuses, despite positive performance evaluations and significant team contributions.
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FM Sitharaman flags global crisis spillovers, unfair burden on developing nations
Finance Minister Nirmala Sitharaman stated that the Global South should not bear the brunt of global imbalances and conflicts. Representing India at a summit, she emphasized the need for coordinated global action and stronger multilateral cooperation to build resilient economies and ensure inclusive growth for all.
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Twitter’s India policy head to step down; will transition in March
This comes as the San-Francisco based firm is at the receiving end of the Indian government over an issue of blocking and unblocking certain handles tweeting about farmer protests.