Economy News ( English version)

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  • Budget for 2026-27 highlights Govt’s push for reforms, policy predictability: FM Nirmala Sitharaman February 9, 2026
    Finance Minister Nirmala Sitharaman met with US-India Strategic Partnership Forum board members. She emphasized the Budget's reforms for semiconductors, electronics, and bio-pharma. The government aims to boost manufacturing and support small and medium enterprises. These initiatives are designed to encourage long-term investment and strengthen India […]
  • New I-T rules, forms by March; Income Tax Act to take effect from April 1, 2026 February 9, 2026
    While income tax returns under the new Act will be filed by taxpayers in July 2027, under the new rules the forms, including advance tax and tax deduction at source, will come into force by April 1, 2026. The new rules, which overhaul employee perquisite valuation, will be applicable to salaried taxpayers under both the old and the new tax regimes.
  • ET Graphics: 60% of India’s trade to shift to preferential terms after EU, US, GCC deals February 9, 2026
    India is set to conduct over 60% of its trade on preferential terms following recent agreements with the EU, US, and GCC. This strategic move aims to integrate India into global value chains, with exports to these partners showing a significant 8.5% growth, outpacing overall export expansion.
  • Exports may hit $1 Tn in FY27 on new trade deals, tariff cuts February 9, 2026
    India's exports are poised for a record $1,000 billion in 2026-27. New trade agreements with the US and EU are expected to boost orders. Reduced US tariffs on Indian goods offer a competitive edge. Exporters anticipate significant growth in sectors like chemicals, footwear, and marine products. This development signals a promising future for India' […]
  • Import tariffs on agriculture items to be phased out over 10 years February 9, 2026
    India is set to embark on a gradual decrease in import duties on a variety of agricultural and intermediate goods from the US. This strategic, decade-long plan is designed to give local industries a chance to adapt while ensuring that critical sectors such as meat, poultry, and dairy are shielded.

 

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