Economy News ( English version)

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  • RBI temporarily withdraws rate caps on FCNR(B), NRE deposits till Sept 30 June 17, 2026
    The Reserve Bank of India has removed interest rate caps on specific non-resident deposits. This move grants banks more freedom to attract foreign funds. The changes are effective immediately and will continue until September 2026. Banks can now offer higher rates on FCNR(B) and NRE deposits. This aims to boost long-term liability mobilisation and improve as […]
  • UK-India free trade deal to kick in on July 15, cutting tariffs by over $480 mn in year one June 17, 2026
    The United Kingdom and India will implement their Free Trade Agreement on July 15. This landmark deal, signed last year, promises to boost trade significantly. Businesses have 28 days to prepare for the changes. Tariffs on many UK exports to India will be reduced, including Scotch whisky and automotive products. India will also eliminate tariffs on most UK i […]
  • Maharashtra advises farmers to do fodder planning to avoid a potential shortage due to El Nino June 17, 2026
    Maharashtra farmers are urged to plan for fodder shortages due to El Nino. The Animal Husbandry Department advises cultivating nutritious, multipurpose fodder crops. Farmers should also preserve natural grass and store excess fodder as silage. This proactive approach aims to prevent a drop in milk production and ensure livestock health during potential feed […]
  • India-EU free trade deal to be inked by year-end: Ursula von der Leyen June 17, 2026
    India and the European Union are set to sign a major free trade agreement by year-end. This follows talks between Prime Minister Narendra Modi and EU leaders. Security and defense cooperation will also increase. Both sides will advance the India-Middle East-Europe Corridor for better connectivity. This agreement marks a significant step in bilateral relation […]
  • RBI temporarily eases FCNR(B), NRE deposit rate norms to attract overseas funds June 17, 2026
    The Reserve Bank of India has eased interest rate rules for overseas deposits. This allows banks to offer better returns on FCNR(B) and NRE accounts. The changes aim to attract more foreign funds until September 2026. This move could boost foreign exchange inflows. It will help strengthen the banking system and manage global market volatility.

 

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