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Parliamentary committee urges India to accelerate US trade pact with safeguard measures for exporters

A parliamentary report calls for swift conclusion of India’s trade pact with the US, emphasising the need for protection against future tariff shocks and technical barriers to ensure stable export growth amid ongoing negotiations. India should conclude its proposed trade…

  • apxadmin
  • August 6, 2026
  • Economy, Policy and Business

India aims to reduce customs duties to single digits by 2027-28 amid broader tax reform push

Finance Minister Nirmala Sitharaman announces plans to lower customs duties on most goods to single digits by 2027-28, as part of ongoing efforts to simplify India’s tax system and boost manufacturing linkages with fiscal discipline. Finance Minister Nirmala Sitharaman said…

  • apxadmin
  • August 6, 2026
  • Economy, Policy and Business

India reviews testing and certification systems to unlock export potential amid new trade realities

India’s Commerce Department is overhauling its testing, certification, and accreditation framework to reduce export barriers and capitalise on recent trade agreements, aiming to strengthen the country’s global market share and support small and medium enterprises. India’s Commerce Department has begun…

  • apxadmin
  • August 6, 2026
  • Economy, Policy and Business

India and Russia aim for $100 billion bilateral trade expansion with strategic diversification

India and Russia are actively working to double their bilateral trade to $100 billion by 2030, expanding beyond energy to include agriculture, pharmaceuticals, and engineering, amid growing labour and civil nuclear ties. India and Russia are pushing to lift annual…

  • apxadmin
  • August 6, 2026
  • Economy, Policy and Business

RBI expands upper-layer list of NBFCs to include four state-owned lenders amidst Tata Sons' regulatory scrutiny

The Reserve Bank of India has increased its upper-layer list of non-banking financial companies to 17 entities, incorporating four government-backed firms, as Tata Sons remains under regulator review amid debates over its public listing and governance. The Reserve Bank of…

  • apxadmin
  • August 6, 2026
  • Economy, Policy and Business

India’s chemical sector receives renewed policy momentum with new investment and infrastructure initiatives

India’s chemicals industry is benefiting from a strategic policy shift towards cluster-based ecosystems, aimed at lowering costs, boosting investment, and advancing higher-value outputs amid global trade shifts. India’s chemicals sector is drawing stronger policy support as the government pushes a…

  • apxadmin
  • August 6, 2026
  • Economy, Policy and Business

India accelerates private and public sector AI growth with new sovereign models and infrastructure

India’s government is investing heavily in indigenous AI development by backing 20 foundation models, approving 237 projects, and expanding AI infrastructure to build a self-reliant technological ecosystem. India has moved to deepen state support for domestic artificial intelligence, with the…

  • apxadmin
  • August 6, 2026
  • Economy, Policy and Business

India accelerates fintech revolution with AI and digital public infrastructure

India positions itself as a global fintech hub, leveraging AI and a robust digital infrastructure to deepen financial inclusion and drive sustainable growth, according to industry leaders at the 3rd India International FinTech Festival 2026. India is deepening its pitch…

  • apxadmin
  • August 6, 2026
  • Economy, Policy and Business

RBI’s decision on Tata Sons’ upper-layer classification could reshape listing prospects and regulatory discretion

The Reserve Bank of India’s latest stance on Tata Sons’ status as an upper-layer non-banking financial company raises crucial questions about potential market listing requirements and the regulator’s flexibility amid new asset-based rules. The Reserve Bank of India’s latest list…

  • apxadmin
  • August 6, 2026
  • Economy, Policy and Business

India accelerates tax reforms and approves extra FY26 spending amid digital payment changes

Parliament speeds up key tax reforms and approves additional government spending for 2025-26, with potential impacts on digital payment fees and investment rules. Parliament moved two finance measures forward on Thursday, with the Lok Sabha passing the Taxation and Other…

  • apxadmin
  • August 6, 2026
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