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New Delhi, Apr 2 (UNI) The India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) has emerged as a key pillar of bilateral engagement, delivering tangible benefits for businesses, MSMEs, workers, and consumers in both countries, according to a Ministry of Commerce statement here on Thursday. Marking four years since its signing today, this pact is an important milestone in the evolving economic partnership between India and Australia. Since the beginning of the Ind-Aus ECTA in ...Read More >
In the fiscal year 2025-26 that ended on Tuesday, the state government's own internal resources through revenue collection from major departments looked positive with an estimated collection of ₹56,000 crore as against the target of ₹59,520 crore for the current FY, officials in the state finance department said. The highest collection is from commercial taxes department, which has achieved a growth of 9.20% in state GST collection in FY 25-26 from last year FY 24-25. The total revenue colle ...Read More >
India's Goods and Services Tax (GST) collections closed FY2025-26 on a steady note, with March revenues crossing the ₹2 lakh crore mark, underscoring resilient consumption, strong import activity, and improving compliance even amid global economic uncertainty. Official data show gross GST collections for March 2026 at ₹2,00,064 crore (about $24 billion), marking an 8.8% year-on-year increase from ₹1,83,845 crore a year earlier. Net collections for the month rose 8.2% to ₹1,77,990 crore ($21.4 b ...Read More >
New Delhi, March 2 (SocialNews.XYZ) The government on Monday said it will continue to engage closely with all stakeholders and relevant ministries and departments to ensure that India's trade continues to move efficiently and that any emerging issues are addressed in a timely manner. The Centre reiterated its readiness to facilitate trade operations, including procedural flexibility in export-related authorisations in cases of genuine disruption; coordination with Customs authorities to ensure ...Read More >
Important topics and their relevance in UPSC CSE exam for February 22, 2026. If you missed the February 21, 2026, UPSC CSE exam key from the Indian Express, read it here. ARTICLE CONTINUES BELOW VIDEO FRONT Trade to rare earths: India and Brazil for a stronger Global South Syllabus: Preliminary Examination: Current events of national and international importance. Mains Examination: General Studies-II: Bilateral, regional and global groupings and agreements involving India and/or affecting ...Read More >
MUMBAI, Feb 17: India is engaging with international partners more intensively and from a "position of strength", External Affairs Minister S Jaishankar said on Tuesday, citing a string of recent trade agreements as evidence of the country's growing economic clout. In an address at the Global Economic Cooperation conference, Jaishankar highlighted the successful negotiation of several high-profile deals, including a significant trade pact with the United States. The Global Economic Cooperation ...Read More >
The European Union and India are set to announce a landmark trade deal after nearly two decades of on-off talks, as both sides aim to deepen ties amid tensions with the US. India's Commerce Secretary Rajesh Agarwal said on Monday that negotiations had been wrapped up and the deal finalised. European Commission President Ursula von der Leyen and European Council President António Luís Santos da Costa are in Delhi, where the announcement is expected. Both India and the EU are seeking to streng ...Read More >
Russian President Vladimir Putin reaffirmed Moscow's role as a steady energy supplier for India's growing economy. He highlighted expanding cooperation in nuclear power, trade routes like INSTC, and Russia's participation in 'Make in India'. Russia has reaffirmed its long-standing energy partnership with India, with President Vladimir Putin declaring that Moscow will remain a steady, uninterrupted supplier for the country's fast-growing economy. While adressing the joint press address with Prim ...Read More >
This article first appeared on GuruFocus. OpenAI is doubling down on India's fast-growing AI market with a bold offer: a free year of its ChatGPT Go service for every user in the country starting November 4. The giveaway coincides with the company's first DevDay Exchange in India and marks its most aggressive expansion effort yet in a market of 1.4 billion people. Normally priced at 399 rupees (under $5) per year, ChatGPT Go unlocks higher message limits, image generation, and larger file uploa ...Read More >
Mumbai: The Ministry of Ports, Shipping and Waterways (MoPSW), Government of India, will hold the India Maritime Week 2025 (IMW 2025) from 27th to 31st October 2025 at NESCO Grounds, Mumbai. This largest maritime gathering aims to unite key stakeholders under the theme "Uniting Oceans, One Maritime Vision," highlighting India's ambition to be a global maritime hub and leader in the Blue Economy. A significant feature of India Maritime Week 2025 will be the presence of the Hon'ble Prime Minister ...Read More >
In return, India may reduce imports of Russian oil and open its market to non-genetically modified American corn and soymeal products. The U.S. and India are close to a possible trade deal that would reduce tariffs on Indian exports to about 15% to 16% from the current 50%, according to the Mint. In return, India may reduce imports of Russian oil and open its market to non-genetically modified American corn and soymeal products. The bilateral trade agreement could be announced when President D ...Read More >
President Trump stated he discussed trade and energy with Indian Prime Minister Modi, who assured him India would limit oil purchases from Russia. This comes as Trump pressures Moscow to end the Ukraine war, with India being a major buyer of Russian crude. United States President Donald Trump said he held talks with Prime Minister Narendra Modi on Tuesday, with their conversation focused largely on trade. "Let me extend our warmest wishes to the people of India. I just spoke to your Prime Mini ...Read More >
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Minister of Petroleum and Natural Gas Hardeep Singh Puri said on Friday that India and Brazil have agreed to expand their partnership in oil exploration and production, with Indian upstream oil companies such as ONGC expected to participate in upcoming offshore projects in the Latin American country. New Delhi, Minister of Petroleum and Natural Gas Hardeep Singh Puri said on Friday that India and Brazil have agreed to expand their partnership in oil exploration and production, with Indian upstr ...Read More >
New Delhi: India and Brazil on Thursday agreed to deepen their economic engagement by expanding the scope of their Preferential Trade Agreement (PTA) under the Mercosur framework. As a part of this effort, the two countries have set a new bilateral trade target of $20 billion by 2030, up from $12 billion in 2024. At the India-Brazil Business Dialogue in New Delhi, Brazil's Vice President and Minister for Development, Industry, Trade & Services, Geraldo Alckmin, said the two nations were "comple ...Read More >
MUMBAI: The safe haven metals, gold and silver, which have rallied 53% and 60% respectively so far this year, soared to new records Tuesday. Concerns over a potential US government shutdown, the new tariffs, and expectations of further Federal Reserve rate cuts have fueled this rally. The strengthening dollar only added more fuel to the price fire. In the international markets, these metals are heading for the best monthly close in as many as 14 years, having crossed $3895.22/ounce Monday on CM ...Read More >
New Delhi/Guwahati, Sep 29 (SocialNews.XYZ) Union Railways Minister Ashwini Vaishnaw, on Monday, announced new railway projects connecting India and Bhutan to further strengthen connectivity and trade. The Union Minister while talking to the media in New Delhi on new railway connectivity projects between India and Bhutan, stressed upon the shared commitment of the two countries to strengthen regional connectivity, sustainability and economic cooperation. The announcement detailed key cross-bor ...Read More >
India 'Cashes In' On Russia's Oil 'Crisis': How Ukraine's Drone Strikes Are 'Helping' India Tuesday, September 16, 2025 by Indian Defence News India has leveraged the disruption caused by Ukraine's intensified drone attacks on Russian oil refineries, which have significantly reduced Russia's processing capacity and created bottlenecks in global supply. With Russia forced to offload crude at even steeper discounts, India has sharply increased its intake, ensuring both cost savings for its refin ...Read More >
NEW DELHI, Sept 12 (Reuters) - Trade talks between India and the European Union have entered a crucial phase and negotiators are working intensively to meet a year-end deadline for signing the free trade pact, a top European Union Official said on Tuesday. The EU is India's biggest trading partner in goods, with bilateral trade hitting $137.5 billion in the 2023/24 fiscal year, up nearly 90% over the past decade. "We are now maximising our efforts to finalise negotiations by the end of the yea ...Read More >
(Bloomberg) -- Oil fell as traders looked past US efforts to force India to quit buying Russian crude, and broader markets carried a risk-off tone. Global benchmark Brent dropped below $68 a barrel, while West Texas Intermediate was near $64. White House trade adviser Peter Navarro stepped up the pressure on New Delhi to halt purchases of Russian energy after Washington doubled a levy on imports from the country to 50%. Calling Indians "arrogant," he cast the conflict in Ukraine as "Modi's war, ...Read More >
WASHINGTON/NEW DELHI, Aug 27 (Reuters) - U.S. President Donald Trump's doubling of tariffs on imports from India to as much as 50% took effect as scheduled on Wednesday, delivering a serious blow to ties between two powerful democracies that had in recent decades become strategic partners. A punitive 25% tariff, imposed due to India's purchases of Russian oil, was added to Trump's prior 25% tariff on many imports from the South Asian nation. It takes total duties as high as 50% for goods as var ...Read More >
Jaishankar said that India and China were seeking to "move ahead from a difficult period in our ties". The two counterparts held discussions on a range of bilateral issues from trade to pilgrimages and river data sharing. Yi is also scheduled to meet India's National Security Advisor Ajit Doval for on-going negotiations on resolving the boundary dispute between the two countries. The visit is being seen as the latest sign of a thaw in ties between the nuclear-armed neighbours. India and Chin ...Read More >
Back in April, Trump had announced tariffs of up to 27% on Indian goods, which was later paused. Since then, both sides have been racing to negotiate an agreement, with officials sometimes sounding positive and at other times, measured. "We continue to speak with our Indian counterparts. We've always had very constructive discussions with them," US Trade Representative Jamieson Greer said earlier this week. He also acknowledged that although he had earlier said a deal with India might be "imm ...Read More >
New Delhi [India], July 16 (ANI): India's goods trade deficit is projected to widen to USD 300 billion in FY26, up from USD 287 billion in FY25, as weak global demand weighs on exports while resilient domestic consumption is expected to fuel higher imports, as anticipated by ICICI Bank Global Markets in its latest report. The report attributes the sluggish growth in merchandise exports largely to tepid demand from non-US markets. While shipments to the US have held up due to the front-loading o ...Read More >
Visakhapatnam, Jul 13 (PTI) Union Minister Sarbananda Sonowal will inaugurate the second Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) ports conclave in Visakhapatnam on July 14. The two-day event, to be held until July 15, aims to enhance regional maritime cooperation under the BIMSTEC framework, said an official press release. "BIMSTEC enhances regional unity through maritime cooperation and trade connectivity," said T Venu Gopal, secretary, Visakha ...Read More >
Visakhapatnam, Jul 13 (PTI) Union Minister Sarbananda Sonowal will inaugurate the second Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) ports conclave in Visakhapatnam on July 14. The two-day event, to be held until July 15, aims to enhance regional maritime cooperation under the BIMSTEC framework, said an official press release. Also Read | Chennai Power Cut on July 15: Several Parts of Tamil Nadu Capital To Face 5-Hour Outage for Maintenance Work, Ch ...Read More >
The U.S.-India Strategic Partnership Forum (USISPF) has appointed Kumar Mangalam Birla, Chairman of the Aditya Birla Group, to its Board of Directors and Executive Committee. "The U.S.-India partnership is among the most consequential partnerships in the world, and I have long believed that when our two nations come together with purpose and clarity, they can shape the arc of global commerce and innovation for the better," said Kumar Mangalam Birla, Chairman of the Aditya Birla Group, in a stat ...Read More >
New Delhi [India], July 5 (ANI): Onkar Kanwar, Chairman of the BRICS Business Council (BBC), emphasised that the major objective of the BRICS partnership is to strengthen multilateralism, eliminate trade barriers, and foster seamless business exchange among member countries. His remarks came on the sidelines of Prime Minister Narendra Modi's visit to Brazil for the BRICS Summit, where economic cooperation and inclusive growth were key themes. Speaking to ANI on the sidelines of Prime Minister ...Read More >
July 3 (Reuters) - Gold fell on Thursday as investors held back from making significant bets, awaiting the U.S. payroll data later in the day for insights into the Federal Reserve's policy direction. Spot gold lost 0.3% to $3,346.47 per ounce, as of 0211 GMT, while U.S. gold futures edged down 0.1% to $3,357.20. Gold appears to be consolidating at present within $3,320 to $3,360 range, with the market adopting a wait-and-see approach ahead of U.S. Non-Farm Payroll and ISM Services PMI data, ra ...Read More >
New Delhi: Global ratings agency Moody's Ratings on Thursday said that India may be subject to lower tariffs than many countries in the Asia Pacific, which could help the economy attract further investment and become a global manufacturing base. India is expected to be in a good position with reduced tariffs in the coming days though many export-reliant Asia Pacific economies were hit with very high US tariffs in April. In its outlook on Asia Pacific sovereigns, Moody's Ratings said while negot ...Read More >
New Delhi, Dec 11 (PTI) India's maritime sector is poised to play a transformative role in the country's vision of becoming world's third-largest economy, Vice President Jagdeep Dhankhar said Wednesday. Today, India stands as an emerging maritime powerhouse, strategically leveraging its geographical location and advanced infrastructure to spearhead global maritime initiatives, the Vice President said. "With the global blue economy projected to reach USD 6 trillion by 2030, India's maritime sec ...Read More >
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