Topic
economic policy
Business What India should do to respond to emerging global challenges, high oil prices: FinMin outlines
The Finance Ministry's monthly economic review, released Wednesday, urges India to reinvent its policy approach amid rising crude oil prices and global uncertainties. It warns of risks to inflation, fiscal deficit, and current account balance, while noting the economy's resilience. Deeper reforms and faster policy execution are deemed critical to attracting investment and strengthening strategic position.
Business Birmingham Michelin Chef Says Business Rates Cut 'Not Enough' for Struggling Restaurants
Michelin-starred chef Alex Claridge, owner of Birmingham's The Wilderness, says the government's 20% business rates reduction for pubs, social clubs, and live music venues does not go far enough and omits restaurants, cafés, hotels, and cinemas. He calls for a VAT reduction instead, warning that many independent hospitality businesses are barely breaking even despite full dining rooms.
Finance Indian Government Plans Amendments to Enhance MSME Liquidity and Payment Resolution
The Indian government plans to amend the MSME Development Act to enhance liquidity for micro, small and medium enterprises. Key measures include statutory backing for the Udyam registration portal, decriminalisation of provisions, and an online dispute resolution mechanism to speed up payment recoveries.
Trade Government Seeks Comparative Advantage in US Trade Deal, Reports Business-Today
According to a report by Business-Today, the Indian government is seeking to leverage comparative advantage in its ongoing trade deal negotiations with the United States. No further details were provided in the source article.
Trade Invest in India Before It's Too Late, Piyush Goyal Tells Investors at Bharat Innovates 2026 in Nice
Union Minister Piyush Goyal called on investors and venture capital funds to invest in India now, stating the investment ecosystem is ready and the government will help connect with opportunities. He also urged domestic industries to partner with startups for manufacturing and to leverage free trade agreements to make India a global launchpad.
Business Trump's Inflation Remarks Amid Economic Tensions
President Donald Trump expressed unexpected enthusiasm for rising inflation rates, citing energy costs linked to the Iran conflict. His administration claims to stabilize oil markets through operations in the Strait of Hormuz.
Commodities India's Agriculture Budget Soars to Rs 1.4 Lakh Crore
The Modi government has increased India's agriculture budget five-fold to Rs 1.4 lakh crore over 12 years. Key initiatives include climate-resistant crops, soil health cards, and increased fertiliser subsidies.
Trade India to Implement 6–7 FTAs in 2027, Boosting Trade
India is set to implement 6–7 Free Trade Agreements (FTAs) in 2027, as announced by Commerce Minister Piyush Goyal. These agreements aim to strengthen India's trade relationships and economic growth.
Business India's GDP Growth Hits 7.7% in FY26, Modi Credits Reforms
India's GDP growth reached 7.7% in FY26, reflecting economic resilience and successful reforms. Prime Minister Narendra Modi attributes this growth to the hard work of 140 crore Indians and ongoing economic reforms.
Trade India Allocates Rs 10k Crore to Stabilize Jet Fuel Prices
The Indian government has allocated Rs 10,000 crore to cap aviation turbine fuel prices, aiming to stabilize airfares amid volatile fuel costs. This initiative, effective for 36 months, seeks to support Indian airlines during the West Asia crisis.
Business Govt Unveils Uniform Framework for District GDP Estimates
The Indian government has introduced a uniform framework for district GDP estimates, using 2022-23 as the base year. This initiative aims to enhance consistency and comparability of economic data across states and Union Territories.
Trade India, UK Aim to Finalize Trade Deal Amid Steel Quota Talks
India and the UK are working to finalize a bilateral trade agreement, focusing on resolving issues related to steel quotas and duties. The agreement aims to lower tariffs and enhance business access.
Trade U.S. Proposes 25% Tariff on Brazil Amid Trade Tensions
The U.S. Trade Representative has proposed a 25% tariff on Brazilian goods, excluding key items, following an investigation into Brazil's trade practices. This move aims to address unfair practices and replace a previously invalidated 50% tariff.
Trade India's Gold Demand Plummets 70% Amid Import Duty Hike
India's gold demand has decreased by 70% following a significant import duty increase from 6% to 15% effective May 13, 2026. The India Bullion & Jewellers Association reports a steep decline in purchases, impacting the unorganised sector heavily.