BUSINESS
Trump announcement a framework pact; joint statement on the details in next 2-3 days
India-US trade deal: On the zero duty, the official said that in many cases, India's exports will also be subjected to zero duty.
BUSINESS
India-US trade deal eases uncertainty, positive for markets, growth: DEA Secretary Thakur
Clarity on the India-US trade front could help improve sentiment, particularly among FPIs, the DEA secretary said
INDIA
India likely to keep sensitive agriculture goods, dairy protected in US trade deal, govt source says
The stance is in line with the country's long-standing approach to trade talks, under which sensitive farm and dairy products have been kept out
BUSINESS
$48.2 billion of Indian exports to get tariff relief under US trade deal
Textile exports worth nearly $11 billion and gems and jewellery shipments of almost $10 billion are expected to benefit substantially from the tariff reduction.
BUSINESS
India wraps up 5 major trade deals in 12 months, US being latest
Closely preceding the US pact was the India–European Union trade deal, finalised on January 27 of this year, after nearly two decades of negotiations.
BUSINESS
Customs duty changes in Budget part of ongoing reforms, not linked to US tariffs, says FM Sitharaman
The finance minister also said the government did not assess the potential impact of US tariff actions while framing Budget proposals.
BUSINESS
Growth guides consolidation pace; comfortable with 4.3% fiscal deficit target for FY27, says FM Sitharaman
The fiscal deficit target for FY27 is just 10 percentage points lower than the aim for the current financial year.
BUSINESS
Budget’s export focus, customs reforms to help firms better tap trade deals
"The steps taken towards strengthening services sector and sectoral initiatives in semiconductor, marine, textiles, leather and other labour intensive sectors will also help grow exports in these sectors," Commerce Secretary Rajesh Agrawal said.
BUDGET
Global uncertainty impacting several areas, factored into policymaking, says Sitharaman
Nirmala Sitharaman said India has done everything within the country to ensure that its domestic macroeconomic fundamentals are sound, even as the global environment remains uncertain
BUSINESS
Finance Commission suggests 3% borrowing cap for states, flags risks from off-budget loans
The Commission has laid out a fiscal framework under which the Union government’s fiscal deficit is targeted at 3.5 percent of GDP by 2031, while states remain at 3 percent, resulting in a combined fiscal deficit of 6.5 percent of GDP.
BUDGET
STT on F&O hiked to curb excessive speculation, address systemic risk: Revenue Secretary
Budget 2026: Explaining the rationale behind the move, he said the government increased STT on futures and options to address rising systemic risk in the derivatives market, emphasising that it did not want to encourage excessive speculation
BUSINESS
From textiles to seafood, Budget lays out steps to ease pressure on tariff-hit exports
Taken together, the measures signal a shift towards reducing export costs, easing compliance burdens and diversifying markets as India seeks to cushion its exporters from the fallout of tariff actions in the US and other major economies.
BUSINESS
Centre pegs FY27 fiscal deficit at 4.3% of GDP
The fiscal deficit in FY25 stood at 4.8 percent of GDP, which was 80 bps lower than 5.6 percent in FY24.
BUSINESS
GST collections at 3-month high of Rs 1.93 lakh crore, up 6.2% in January
Domestic transactions accounted for Rs 1.41 lakh crore, up 4.8 percent
BUSINESS
India‑US trade deal key for rupee, investors may reassess stance after conclusion of talks: CEA
India and the United States have concluded six rounds of talks for a trade deal so far.
BUSINESS
Still see room for capital gains tweaks despite Budget 2024 rationalization, says CEA Nageswaran
Nageswaran said that further reforms to reduce operating costs, lower input costs, deregulation and skill creation can lift India's medium-term growth higher than the estimated 7 percent.
BUSINESS
India, Gulf bloc mull next steps on FTA; Canada talks to speed up, Chile deal nearly done
The GCC is a regional grouping of six Middle Eastern countries comprising Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.
BUSINESS
Not a tool for 'idle curiosity', Economic Survey bats for revamping India's RTI Act
Among the changes, it suggests that internal deliberative material such as brainstorming notes, working papers and draft comments could be exempted from disclosure until they crystallise into final decisions.
BUSINESS
Economic Survey proposes task force to engage global firms, boost FDI, offset tariff impact
Efforts to improve the investment environment by simplifying processes and procedures to attract FDI will also need to be kept up, the survey has said
BUSINESS
Economic Survey bats for revamping GST e-Way Bill system
The move will reduce costs and delays in goods movement while maintaining effective oversight for tax administration
BUSINESS
India, US trade talks expected to conclude this year: Economic Survey
India and the United States have concluded six rounds of talks for a trade deal so far
BUSINESS
FTAs boost export prospects, but tighter immigration rules may hit remittances: Economic Survey
The Survey, however, noted that India’s external sector remains comfortably placed in the short run, supported by robust foreign exchange reserves and manageable external debt.
BUSINESS
EU banks can open up to 15 branches in India over 4 years under FTA
India has not offered market access in legal services under the proposed agreement with the EU.
BUSINESS
India keeps government procurement out of EU FTA, unlike UK deal
A government official said that India has not offered any commitments that would require opening central government tenders to EU companies, keeping this area outside the scope of the FTA
