Economy News ( English version)

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  • India considers extending import tax exemption on petrochemicals to beyond June 30 June 9, 2026
    India will ​consider extending import tax exemptions on ‌petrochemicals ⁠used ⁠for ​making plastics and ​pharmaceutical goods beyond June 30 ​to ⁠help local ‌industries, ​Ravi ​Teja, ⁠deputy director at ​the Department of Commerce, ​said on Tuesday.
  • Zojila tunnel breakthrough to bring Ladakh closer to all-weather access June 9, 2026
    The Zojila Tunnel project has reached a major milestone with its final breakthrough. This 13.153-km tunnel will provide all-weather road access between Kashmir and Ladakh for the first time. The project is set to significantly improve troop mobility and reduce travel time.
  • Nepal govt restricts imports of mangoes from India June 9, 2026
    Nepal has banned Indian mango imports citing pesticide levels and inadequate border quarantine. This move boosts local farmers who now face no competition. However, domestic production might not meet the country's demand. Traders warn of shortages and price hikes. They suggest improved testing instead of a complete ban. Similar issues are seen with bana […]
  • GDP growth momentum intact, no need for additional borrowing so far: Govt sources June 9, 2026
    India's economy is navigating external challenges like rising import costs. However, domestic consumption remains strong, ensuring growth momentum. Government sources indicate no immediate need for extra borrowing. Disinvestment and asset monetisation are being pursued to boost non-tax revenue. Macroeconomic data will be reassessed in July. Reforms to b […]
  • India exports 1-tonne of GI-tagged Tezpur Litchi to Dubai June 9, 2026
    New Delhi has exported one tonne of GI-tagged Tezpur Litchi from Assam to Dubai. This marks a significant step in promoting the premium fruit in overseas markets. The Commerce Ministry is actively promoting agri products from the North Eastern Region. The Geographical Indication status has boosted Tezpur Litchi's identity and market recognition.

 

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