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India introduces one-off tax amnesty for small taxpayers with foreign assets

India has launched a limited-time tax disclosure scheme allowing small taxpayers to declare undisclosed overseas assets and income without facing penalties, in a bid to widen compliance and formalise offshore holdings. India has opened a one-off tax amnesty for smaller…

  • apxadmin
  • August 16, 2026
  • Economy, Policy and Business

India’s next growth phase hinges on practical reforms over new policies, say economists

Economists highlight that India’s economic progress depends on tackling existing barriers like land acquisition and administrative reforms, shifting focus from large policy overhauls to targeted improvements following Prime Minister Modi’s ‘Sapta Dhara’ initiative. Economists say India’s next phase of reform…

  • apxadmin
  • August 16, 2026
  • Economy, Policy and Business

Kolkata faces uphill battle to match Bengaluru's tech momentum but aims to forge a distinct growth path

While Bengaluru’s advanced projects and private investments underscore its continued leadership in India’s tech scene, Kolkata seeks to leverage its historical strengths and diverse sectors to develop a unique innovation model amid increasing competition. Kolkata’s case for a technology-led revival…

  • apxadmin
  • August 16, 2026
  • Economy, Policy and Business

India's online shopping surges ahead of Independence Day with fastest growth in FMCGs

India’s online retail sector witnessed a remarkable 31% rise in order volumes and a 30% increase in gross merchandise value during this year’s Independence Day sales, driven by surge in fast-moving consumer goods and festive demand. India’s online shopping market…

  • apxadmin
  • August 16, 2026
  • Economy, Policy and Business

India’s shift towards regional economic zones signals a move to tailored development strategies

India is evolving its development approach by emphasising district-level data and city economic regions, aiming for more customised growth strategies and better regional outcomes ahead of Viksit Bharat 2047. India’s Independence Day is usually a moment for reflection, but this…

  • apxadmin
  • August 16, 2026
  • Economy, Policy and Business

India's new nuclear draft rules aim to streamline licensing and attract foreign technology

India has published draft rules under the SHANTI Act, proposing a unified licence for nuclear plants, stricter financial safeguards, and a path for imported reactor designs, marking a significant shift in its nuclear sector governance. India has moved to put…

  • apxadmin
  • August 16, 2026
  • Economy, Policy and Business

Punjab & Sind Bank plans capital raise and offshore expansion amid government stake reduction

Punjab & Sind Bank is set to raise capital through a qualified institutional placement as it aims to reduce government ownership and expand its international footprint with a new IFSC banking unit at GIFT City, UNFOLDING strategic shifts in its…

  • apxadmin
  • August 16, 2026
  • Economy, Policy and Business

India’s reliance on edible oil imports persists despite efforts to boost domestic output

Despite increased domestic production and technological advances, India remains heavily reliant on imports of edible oil, exposing vulnerabilities in its agri-food system and raising concerns over economic stability and food security. India’s edible oil dependence is not a story of…

  • apxadmin
  • August 16, 2026
  • Economy, Policy and Business

India’s journey to 2047: from independence to economic reform and the challenge of realising development

As India aims to become a developed nation by 2047, history underscores the importance of strategic planning, economic reforms, and social trust in turning aspirations into tangible progress. At midnight on 15 August 1947, Jawaharlal Nehru described India’s freedom as…

  • apxadmin
  • August 16, 2026
  • Economy, Policy and Business

India’s RBI raises questions over abrupt end to foreign-exchange swap scheme amid lingering doubts

The Reserve Bank of India withdrew a $50 billion foreign-exchange swap scheme just weeks after launching it, raising concerns over the clarity and strategic planning of its currency stabilisation measures during a period of economic uncertainty. India’s central bank has…

  • apxadmin
  • August 16, 2026
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