Economy News ( English version)

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  • India, Uzbekistan should double bilateral trade in three years, says Piyush Goyal August 3, 2026
    Commerce and Industry Minister Piyush Goyal urged India and Uzbekistan to double bilateral trade from the current $1.5 billion within three years, highlighting opportunities in mining, textiles, pharmaceuticals, healthcare and digital infrastructure. He also called for greater co-investment, co-manufacturing and co-innovation, saying the recently concluded B […]
  • Global crop survey key highlight of upcoming rice conference August 3, 2026
    The Bharat International Rice Conference will feature a global crop survey. Future rice prices will be projected based on expected global demand and supply. This event aims to strengthen business partnerships and identify new opportunities. Over 30,000 delegates from more than 120 countries are expected to attend. The conference is scheduled to take place fr […]
  • Taxation laws amendment bill: Government proposes simplified exemption framework for offshore funds August 3, 2026
    A bill will soon simplify offshore investment fund rules. This aims to attract more foreign capital into India. Tax exemptions will be offered for global income of funds. Foreign companies storing electronic components will also get exemptions. These measures will boost India's position as an investment hub.
  • Government invites applications for 30 products' import quota under India-Oman trade pact August 3, 2026
    Under the CEPA, India has granted quota-based tariff concessions to certain Omani goods such as dates, marble, copper weld wire, aluminium ingots, billets and wires, and certain petrochemical products, such as ethylene glycol, linear alkylbenzenes, and low-density polyethene.
  • Kharif sowing dips 3% to 894 lakh ha despite 81% coverage of normal area August 3, 2026
    Kharif crop sowing has declined by three percent this season. Paddy and pulses acreage saw a notable decrease across several states. Coarse cereals area also fell, while oilseeds area rose marginally. Sugarcane area edged up, but cotton acreage experienced a decline. Reservoir storage levels are below last year's figures in many regions.

 

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