Economy News ( English version)

The Centre has provided a five-year extension for tax exemptions. Sovereign wealth funds and pension funds can now claim benefits on eligible investments in India until March 31, 2030. The Department of Revenue has formalized this extension. This move aims to attract long-term foreign capital into India's infrastructure and strategic sectors.

The Goa State Infrastructure Development Corporation has sanctioned infrastructure projects worth Rs 149 crore. These projects encompass the construction of a new boys' hostel at Goa Medical College for Rs 113 crore and the reconstruction of a bridge in St Estevam village at a cost of Rs 21 crore.

The modifications include raising the minimum financial requirement for bidders, for both standard highway projects as well as standalone specialised projects such as tunnels, etc., introducing greater checks on sub-contracting experience and modification of the highways and core sector definitions, said a circular issued by the ministry of road transport an […]

The US is reportedly working towards an interim trade deal with India, potentially setting tariffs below 20%, a favorable position compared to other Asian nations. This arrangement allows for continued negotiations, aiming to resolve outstanding issues before a broader agreement expected this fall.

India plans to boost local production of rare earth magnets. This move aims to cut reliance on China. The government is considering a ₹1,345-crore scheme. It will encourage domestic manufacturing for electric vehicles and electronics. H D Kumaraswamy announced this initiative. A portal was launched to support electric truck subsidies. The PM E-Drive scheme p […]