Economy News ( English version)

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  • Forex reserves rise to $703 billion; rupee slips 14 paise April 24, 2026
    India's foreign exchange reserves saw a significant jump of $2.3 billion, reaching $703 billion. This increase was driven by foreign currency assets and dollar asset revaluation. Meanwhile, the Indian rupee experienced a slight dip of 14 paise against the dollar. Traders suggest the Reserve Bank of India intervened to stabilize the local currency.
  • India assured DTAA tax benefits will continue after Supreme Court ruling, Mauritius Cabinet Note says April 24, 2026
    India has assured Mauritius that it will uphold benefits under the Double Taxation Avoidance Agreement. This comes after a Supreme Court ruling raised concerns. India has softened tax regulations regarding the General Anti-Avoidance Rule for older investments. This move aims to provide certainty to foreign investors and private equity funds on tax matters. […]
  • Credit flows jump 38% in FY26 as RBI easing boosts demand April 24, 2026
    India's formal loan systems saw a significant surge in FY26, marking a strong revival in borrowing demand. This growth followed a contraction in the previous year. The Reserve Bank of India's policy rate cuts and liquidity infusion spurred lending. Credit expansion reached ₹44.6 lakh crore. Outstanding financial resources for the commercial sector […]
  • Ex-CEA Ashok Lahiri to be next NITI Vice-Chairman April 24, 2026
    Former Chief Economic Adviser Ashok Lahiri is set to become the new vice-chairman of NITI Aayog, replacing Suman Bery. Lahiri, a member of the 15th Finance Commission and currently a West Bengal MLA, previously served as CEA under Prime Minister Atal Bihari Vajpayee. Gobardhan Das will also join the think tank as a member.
  • US slaps 123% anti-dumping duty on Indian solar imports April 24, 2026
    India's solar industry said the decision to impose steep preliminary anti-dumping duties on cells and modules from India will have limited immediate impact on domestic exporters, but remains a matter of concern.

 

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