Economy News ( English version)

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  • Ample world inventories may soften El Nino food supply shock June 19, 2026
    A potential super El Niño is expected to disrupt global weather patterns and threaten agricultural output in the coming months, but large existing food inventories and strong harvests in key producing regions may soften the impact.
  • Despite West Asia crisis, net direct tax mopup grows 15% to Rs 5.2 lakh crore June 18, 2026
    India's direct tax collections have seen a significant rise of over 14 percent. This growth is driven by strong advance tax payments from corporations. This indicates robust corporate earnings and a positive business outlook for the current fiscal year. Market activity also remains high, contributing to tax revenues. The collections have resumed their g […]
  • EPF interest rate retained at 8.25% for FY26 June 18, 2026
    Employees' Provident Fund interest rate for 2025-26 is set at 8.25 percent. This rate remains unchanged for the third year. Over 70 million EPF members will see the interest credited by month-end. EPFO is also introducing UPI-based withdrawals for faster access to funds.
  • India initiates sustainability certification framework for exports to meet EU, UK compliance norms June 18, 2026
    India is creating new sustainability certification standards for its export products. This initiative aims to boost the competitiveness of Indian goods in international markets. Developed nations are increasingly demanding proof of sustainability. The commerce and industry ministry is gathering information from various export sectors. This move will help Ind […]
  • Modi, Trump direct officials to swiftly finalise trade pact: Foreign Secretary Vikram Misri June 18, 2026
    Prime Minister Narendra Modi and US President Donald Trump have instructed their teams to finalize a trade pact. Significant progress has been made on an interim agreement. US Trade Representative Jamieson Greer will visit India next week. Trade was also a key focus with UK, Canadian, and EU leaders. West Asia peace and seafarer safety were also discussed. […]

 

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