Topic
government policy
Business India’s Fiscal Policy Shifts to Long-Term Resilience Amid Global Uncertainty, S&P Global Says
India's fiscal policy is transitioning from providing immediate economic buffers to building long-term strategic resilience, according to a report by S&P Global. The shift aims to support domestic growth and strengthen economic resilience amid rising global uncertainties triggered by the ongoing West Asia conflict. Policy measures include fiscal adjustments, industrial policy changes, and energy source diversification.
Business Maharashtra CM: Dharavi redevelopment to follow Singapore, Hong Kong model, with global hub
Maharashtra Chief Minister Devendra Fadnavis announced that the Dharavi Redevelopment Project will follow modern housing development models from Singapore and Hong Kong. The first phase targets completion by March 2028, delivering 10,000 homes. The project includes a multi-modal transport hub, MSME support for local industries, and preservation of Dharavi's industrial ecosystem.
Technology India de-licences radio spectrum for automotive radar and V2X to boost collision-avoidance systems
The Indian government has de-licenced the 77-81 GHz and 5.9 GHz radio spectrum bands for automotive radar and vehicle-to-everything (V2X) communications, according to the Department of Telecommunications. The move paves the way for wider deployment of collision-avoidance systems like automatic emergency braking and adaptive cruise control, aligning India with US and EU regulatory frameworks. It comes as India's road deaths reached a record 1.8 lakh in 2024.
Manufacturing Tata Motors Poised to Benefit from India's Rs 9,585 Crore Scrappage Scheme for Ageing Commercial Vehicles
Tata Motors, with 11 registered vehicle scrapping facilities across 10 states and capacity to dismantle more than 1.9 lakh vehicles annually, is well-positioned to benefit from India's Rs 9,585 crore scheme to replace ageing commercial vehicles in Delhi-NCR. The company holds over 50% market share in medium and heavy trucks in key northern states and operates its scrapping network under the Re.Wi.Re initiative.
Trade India Seeks Tariff Parity for Drug Exports to US
India is negotiating with the US for tariff parity on patented drug exports, challenging a 100% duty imposed in April. The tariffs could impact India's CRDMO sector, which is growing rapidly.
Commodities India Considers Delaying Higher Ethanol Mandate
India's government is considering delaying the increase in ethanol blending from E20 to E25 due to concerns about vehicle compatibility. Most vehicles manufactured before 2025 are not fully compliant with higher ethanol blends, potentially impacting mileage and maintenance costs.
Trade Indian Cotton Prices Drop as Import Duty Suspended
India suspends import duty on cotton from June 1 to October 31, easing domestic prices and benefiting the textile industry. The Cotton Corporation of India adjusts prices amid increased import options.
Trade India Reduces Excise Duty on Fuel Exports Effective June 1
India has reduced the special additional excise duty on fuel exports, effective June 1. The duty on petrol, diesel, and aviation turbine fuel has been lowered to enhance trade competitiveness.
Trade India Waives Cotton Import Duty to Boost Supplies
The Indian government has waived the import duty on cotton until October 30, 2026, to enhance supply and reduce input costs for the textile industry. This policy aims to stabilize domestic prices and support the sector amid global supply chain challenges.
Trade India Waives Cotton Import Duty to Boost Textile Exports
India's Finance Ministry has waived the 11% import duty on cotton from June 1 to October 31, 2026, to support the textile industry. This move aims to stabilize input costs and enhance competitiveness in global markets.