Economy News ( English version)

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  • UPI to remain free for users; nominal MDR may apply to select merchant transactions August 8, 2026
    Consumers will not face any charges for UPI payments. Most merchant transactions will also remain free of cost. Any future charges will apply to limited merchant transactions above a threshold. This move aims to ensure UPI's long-term sustainability and technological advancement. The government stated UPI will remain free for citizens.
  • America hurting its own interest; India well-insulated against US tariffs on Russian oil, expert says August 8, 2026
    India's economy shows resilience against US sanctions on Russian crude oil. Potential tariffs on nations buying Russian oil will minimally impact India's economy. Shifting away from Russian supplies offers limited financial benefits now. India has strengthened non-dollar payment channels to mitigate risks. Global price shocks pose a greater threat […]
  • US sanctions bill makes India-US trade deal more critical, may push up import bill: Economist August 8, 2026
    Proposed US sanctions legislation makes India's trade deal with the United States more critical. Any disruption to crude supplies could raise India's import bill significantly. This situation may pressure the Indian rupee and impact the current account deficit. India will need to assess crude imports depending on ongoing US negotiations. The outcom […]
  • GI-tagged Mithila Makhana makes first sea shipment from Bihar to Australia August 8, 2026
    Bihar's GI-tagged Mithila Makhana has been exported to Australia for the first time. This significant shipment of eighteen metric tons directly benefited local farmers in Darbhanga. The Agricultural and Processed Food Products Export Development Authority facilitated this historic sea route export. Modern facilities are preparing Bihar's agricultur […]
  • India weighs friendlier investment treaty rules as Cabinet nod nears: DEA Secretary August 7, 2026
    India is reviewing its bilateral investment treaty model to attract more foreign capital. This review aims to make the treaty more investor-friendly and address existing concerns. Private investments are showing steady growth, benefiting from public capital expenditure increases. The government is also considering relaxing timelines for foreign investors to […]

 

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