BUSINESS
Govt working on export strategy to limit fallout of protectionism, says MoS Commerce Jitin Prasada
The government is also navigating FTAs (foreign trade agreements) on an equal footing to keeping in mind the best interests of Indian exporters, according to the Union Minister of State of Commerce & Industry
BUSINESS
India-US trade deal to include enough riders to avoid breaches: Sources
US President Donald Trump's administration imposed tariffs on Mexico and Canada, and on steel and aluminium seemingly in violation of the trade agreements between these nations.
BUSINESS
Trump tariffs: Government plans meeting with stakeholders to identify export gain areas
The government wants to identify the areas which can gain from Trump’s tariff move against nations such as China, Mexico and Canada
INDIA
India, US agree to cut tariffs via 'mutually-beneficial' trade deal: Source
While, the US's move on retaliatory tariffs is expected to hurt most of the major economies that run high deficits with America, the official said, the impact on India should be limited given that America is expected to be more focussed on nations it runs larger trade gaps with.
ECONOMY
India's January merchandise trade deficit widens to $23 billion
On a year-on-year basis, the trade deficit in goods was again wider in January versus the revised figure of $16.56 billion in the same month of the last fiscal year
BUSINESS
Analysis | Dissimilar exports, quick FTAs may shield India from Trump’s reciprocal tariffs
New Delhi may have a few tricks up its sleeves to limit the impact of reciprocal tariffs by Washington D.C. Both nations have starkly different export profiles, which may make tariff reciprocity tougher to implement, according to experts.
BUSINESS
New Income Tax Bill offers more clarity on computing capital gains tax: PwC
Finance Minister Nirmala Sitharaman on February 13 tabled the new Income Tax Bill in the Lok Sabha. The bill, which is headed for a select committee is expected to come into force from April 1, 2026.
BUSINESS
FM says overvalued currencies erode nation’s export competitiveness
Recently, RBI Governor Sanjay Malhotra attributed rupee's depreciation mostly to tariff announcements by US President Donald Trump and global uncertainties.
BUSINESS
New Income Tax Bill simplifies language, eases compliance: Experts
According to experts, the new bill, which seeks to replace replace the six-decade old Income Tax Act, 1961, doesn't make any changes to direct taxes in terms of levies but does offer a more readable, simpler piece of legislation
BUSINESS
GTRI says India should not take any action yet on Donald Trump's metal tariff hike
US President Donald Trump on February 10 signed executive orders reinstating and expanding tariffs on steel and aluminium imports, heightening trade tensions with key allies and trading partners.
BUSINESS
Would be foolish not to have FTA with India, says Israeli Minister Barkat
Underscoring the importance of the proposed India–Middle East–Europe Economic Corridor (IMEEC), Barkat said, Israel is currently working on expanding the Abraham accords with Saudi Arabia, which is a pre-requisite for starting work on the corridor.
BUSINESS
India to rely on brokering quick FTAs to limit Trump tariff fallout
India is negotiating a slew of trade deals, including with the UK, Oman and the EU, and also plans to bring back on the table a 'mini pact' with US
BUSINESS
Experts hope new I-T bill will end India’s tax dispute drama
A major focus of the new tax bill is likely to be on lowering the number of such disputes by clearly defining provisions and minimising room for aggressive interpretation.
BUSINESS
India, EFTA trade deal likely to be operational by 2025-end, says Goyal
A India-EFTA Desk was also inaugurated, which will serve as a dedicated platform to promote trade, investment, and business facilitation
BUSINESS
Common ground between Centre, states still elusive on GST rationalisation agenda
While the Centre is keen on doing away with the 12% GST slab, states on the rate rationalisation panel have, so far, only moved items between the existing rates, government sources said.
BUSINESS
RBI, FinMin to work in close-coordination keeping growth in mind, says FM Sitharaman
RBI Governor Malhotra said attributed most of the rupee's depreciation to Trump-related tariff announcements and global uncertainties.
BUSINESS
India Inc already seeing signs of consumption recovery, says FM Sitharaman
The need for private sector to step up on investments gains significance at a time when the central government's spending on infrastructure seem to have peaked.
BUSINESS
Custom duty rejig in Budget not a 'knee-jerk' reaction to global developments, says FM Sitharaman
Finance Minister Nirmala Sitharaman emphasised that while the government is committed to boosting local manufacturing by providing tariff protections to certain sectors, especially though MSMEs, it is also looking to make India more attractive for investments and trade.
INDIA
Hope to introduce new Income Tax Bill in Lok Sabha next week, says FM Sitharaman
The new bill, which will not impose any new levies, seeks to make laws around India's income taxes simpler to understand.
BUSINESS
FinMin may cut rates on small savings schemes in FY26, says govt source
The RBI's Monetary Policy Committee (MPC) on February 7 lowered interest rates by 25 basis points to 6.25 percent from 6.5 percent after almost five years.
BUSINESS
FY25 capex should be close to revised aim of Rs 10.18 lakh crore, says govt source
While, the capital expenditure target for the current financial year was reduced to Rs 10.18 lakh crore from Rs 11.11 lakh crore earlier, the Budget for 2025-26 pegged it at Rs 11.21 lakh crore, almost flat on-year versus the initial aim.
BUSINESS
RBI rate cut, income tax rebate together to boost consumption, says govt source
While the cut in income tax is expected to put more cash in the hands of the people thereby improving demand, the rate cut by RBI should help lower borrowing costs, the official added.
BUSINESS
Economists hopeful of an easing cycle after RBI’s first rate cut in five years
Crisil's Chief Economist has projected that the CPI inflation may decline to 4.4 percent in FY26, supported by a healthy kharif and rabi crop. He anticipates another 75–100 basis points in rate cuts by RBI next fiscal.
BUSINESS
India may gain nothing from the US-China trade war, say experts
A few Indian goods, such as electronics and pharmaceuticals, may gain due to the US-China tariff war, but this would also increase India’s reliance on Chinese imports and leave room for more dumping of components into the South Asian nation.
