Economy News ( English version)

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  • Silver imports via authorised channels only June 2, 2026
    New import rules for silver are now in effect. All silver imports must go through specific government-approved channels. This includes agencies nominated by the RBI and DGFT, as well as qualified jewelers. These imports will be processed through the India International Bullion Exchange. This move follows a recent increase in import duties on gold and silver. […]
  • India-UK FTA implementation stuck due to carbon tax on steel; Scotch duties may be rolled back to rebalance pact June 2, 2026
    India and the UK held "great conversations" to boost economic ties, with discussions focusing on the Comprehensive Economic and Trade Agreement. New Delhi is concerned about Britain's new steel safeguard measures and carbon border adjustment mechanism, potentially impacting tariff concessions on Scotch whisky. Both nations aim for swift implem […]
  • Chana prices climb over 9% in a month June 2, 2026
    Chana prices are rising despite a strong harvest and large buffer stocks. Government procurement is a key driver, absorbing a significant portion of the chana from the market. Lower imports of chana and yellow peas also contribute to the price increase. Traders anticipate prices will remain firm.
  • States asked to focus on sowing pulses, oilseeds June 2, 2026
    India's government is urging states to focus on pulses and oilseeds for the upcoming kharif sowing season. This directive comes amid predictions of below-normal monsoon rains and potential disruptions in fertilizer supplies. The aim is to boost domestic production and reduce reliance on imports. Efforts are underway to improve seed availability and farm […]
  • New producer price index set to replace WPI over next five years June 2, 2026
    India is set to introduce a new Producer Price Index, covering output, input, and services. This move aims to provide a more accurate picture of inflation. The existing Wholesale Price Index will be phased out over five years. The new indices will use 2022-23 as the base year. This transition aligns with global standards and IMF recommendations.

 

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