Economy News ( English version)

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  • US-India trade deal: India won't be bullied by Trump and his aides, Ajit Doval told Rubio February 4, 2026
    India's national security advisor met with US officials to mend ties after President Trump's tariffs and criticism. This led to a trade agreement reducing tariffs and boosting US imports, signaling a thaw in relations despite India's strategic autonomy efforts.
  • India, Gulf Cooperation Council to ink terms of reference on Feb 5 for starting FTA talks February 4, 2026
    India and the six-nation Gulf Cooperation Council bloc will sign terms of reference for free trade agreement talks. This marks a resumption of negotiations after earlier rounds in 2006 and 2008. The agreement aims to boost trade between India and countries like Saudi Arabia, UAE, Qatar, Kuwait, Oman, and Bahrain.
  • NHAI to create a pool of skilled construction workers February 4, 2026
    The plan is to partner with the construction companies to impart skills training through ITIs with the National Highways Authority of India (NHAI) providing the seed funding and the companies sharing the cost of training through the corporate social responsibility fund.
  • Amazon ties up with IIT Roorkee to develop packaging material from agri waste February 4, 2026
    Amazon India is partnering with IIT Roorkee to create new packaging materials. These will be made from agricultural waste, offering a sustainable alternative to wood pulp and plastic. The project aims to develop lightweight, strong, and compostable mailers. This initiative could also benefit farmers by creating a market for their crop residues.
  • CBDT chief says 88 per cent of individual taxpayers have opted for new tax regime February 4, 2026
    A significant 88% of individual taxpayers have opted for the new tax regime, with the government not planning a sunset clause for the old regime. The new regime offers lower tax rates and exemptions for those earning up to Rs 15 lakh annually. The Budget also proposes changes to MAT and STT to influence taxpayer behavior.

 

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