BUSINESS
Higher US crude import may hinge on prices competitive with Middle East supplies
Even though crude oil from the US could cost slightly more than the price of Russian oil, Indian lenders have turned increasingly cautious as sanctions have targetted two major Russian energy firms.
BUSINESS
Bihar’s third-lowest inflation rate is no guarantee of an incumbent’s return to power
From Gujarat to Chhattisgarh, lower inflation hasn’t always guaranteed victory for incumbents, while some have retained power despite higher price pressures.
BUSINESS
India-Oman FTA delayed due to Omani procedural approvals, not disagreements, says official
The trade deal is also awaiting a green signal from the Majlis al-Shura, or the lower house of the Council of Oman, which serves as a consultative and legislative body. Negotiations for the pact were concluded in August.
BUSINESS
India-EU FTA may exclude CBAM, talks on carbon tax concessions to continue separately
India’s upcoming carbon mechanism is expected to offset costs from the EU’s carbon tax, even as New Delhi continues to seek concessions beyond the FTA for smaller exporters.
BUSINESS
Export Promotion Mission may skip direct subsidies, offer easier finance access for small exporters
The EPM may also offer limited interest subvention with a focus on small exporters. Media reports say that the scheme is likely to get approval from the Cabinet later today.
BUSINESS
No government directive on Russian oil; refiners weigh costs, alternatives independently, sources say
For state-run refiners, the new sanctions are likely to have a limited impact since they do not have long-term supply contracts with the Russian firms targeted by the latest curbs.
BUSINESS
16th Finance Commission may tie local body grants to further property tax reforms, cleaner air
The commission is unlikely to tinker with the formula for devolution of taxes to states, which will continue to receive 41% of the divisible pool
BUSINESS
Piyush Goyal urges global south unity at UNCTAD to solve critical mineral, fertiliser supply issues
Goyal also highlighted the volatile and unpredictable global environment, especially in trade as well as the "profound trust deficit whether in multilateral institutions, different international bodies, and amongst nations."
BUSINESS
India demands lowering of non-tariff barriers to begin FTA talks with Russia-led bloc
To sustain rupee-based trade, India has asked Russia to ease exports to narrow the widening trade deficit
ECONOMY
Over half of 54 monitored items show full or greater GST pass-through, but stationery lags behind
Toothbrush has seen the highest pass through of the GST rate cut with prices dropping by nearly 5 percent more compared to the expected figure of 6.25 percent, followed by dried fruits and clinical diapers.
BUSINESS
India won’t rush into FTAs without protecting farmers, MSMEs, says Piyush Goyal
Goyal added that the talks with the US are progressing well, while also stating that India does not negotiate any trade deals based on deadlines.
BUSINESS
India looks to diversify rare-earth supply via FTAs with Peru and Chile, startup-led processing
The ninth round of negotiations with Peru will be held from November 3 to 5, while a third round with Chile is planned for October 27 to 31. The South American countries are emerging as important sources of rare earths
BUSINESS
Trump tariffs dented India’s labour-intensive exports in September, but marine shipment defied odds
Unsurprisingly, exports of electronic goods, unaffected by Trump’s steeper tariffs, grew a massive 50.5 percent on-year to $3.1 billion last month, nearly double the growth registered in August.
BUSINESS
India-Canada FTA talks may resume only after EU, US deals close
Despite a thaw in diplomatic ties, the commerce ministry is prioritising ongoing FTA negotiations with several countries, making the resumption of FTA talks with Canada unlikely this year
BUSINESS
India sees room to add $14-15 bn annually in energy imports from US, says Commerce Secretary
An India team is in the United States this week to address issues around tariffs, Commerce Secretary Rajesh Agarwal said on October 15.
BUSINESS
India, EU FTA enters final stage of talks; conclusion expected by 2025-end, says commerce secretary
India and the EU are focused on ironing out outstanding issues, particularly those related to market access, regulatory cooperation and agricultural sensitivities, the commerce ministry said on October 15.
BUSINESS
India’s goods trade deficit widens to 13-month high of $32.15 billion in September
'Import increase in September 2025 has been higher than exports. Gold, silver, fertiliser and electronics have led to the import surge,' Commerce Secretary Rajesh Agarwal said.
BUSINESS
Govt leans on quick commerce for real-time price checks after GST rate cuts
Platforms like Blinkit, Swiggy’s Instamart, and Zepto have also been asked by the government to showcase savings made on account of the GST rate cuts, sources said, adding that this strategy is key to ensuring that tax reductions are leading to lower retail prices on a daily basis.
BUSINESS
Indian exporters urge govt to seek relief in EU FTA talks over steel tariff hike
The EU’s decision to hike tariffs and tighten the quota comes at a time when India is already seeking relaxations in the carbon tax proposed to be imposed by the bloc on imports of steel, aluminium, cement and fertilisers from January, 2026.
BUSINESS
Latest round of India-EU FTA talks see limited progress, 'better clarity' on industrial, farm goods
The thirteenth round of EU-India free trade agreement (FTA) negotiations took place in New Delhi during September 8-12, with two additional days of technical sessions on Rules of Origin held on September 13-14.
BUSINESS
Explainer: India-Oman’s $10 billion trade poised for diversification after FTA
Faced with steeper US tariffs, the India-Oman FTA and additional deals with GCC nations could play a key role in diversifying Indian exports by reducing dependence on traditional buyers.
BUSINESS
India nears FTA with Oman, open to trade deals with more GCC nations, says Piyush Goyal
Oman is India’s third-largest export destination within the GCC. India already has a trade deal with another GCC member - the United Arab Emirates (UAE).
BUSINESS
India-EU free-trade agreement may take at least a year to kick in after signing
Even as India and the EU aim to close talks for the trade deal by the end of the year, the bloc’s multi-stage ratification process means it would be some time before the agreement comes into effect
BUSINESS
Interview: Closer India-China ties viable, but ‘plus-one’ strategy must stay, says Kaushik Basu
The former chief economic adviser to the Indian government also advocated a 'progressive tax on the rich that ought to be transferred to help the poor'
