Economy News ( English version)

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  • India-UK FTA unlikely to hurt domestic consumer brands, industry says July 17, 2026
    Domestic companies expect the India-UK trade pact to spur innovation and not create serious competition. The agreement reduces tariffs on many products, making British goods more affordable for consumers. Companies like Amul see advantages in local sourcing, mitigating import competition concerns. Retailers believe the pact will encourage quality enhancement […]
  • Foreign or local? Investors at lossover GIFT funds July 17, 2026
    Investors are grappling with confusion when it comes to reporting GIFT City fund investments in their tax returns. Fund houses provide varying guidance on whether these should be categorized as foreign assets. While GIFT City falls under the foreign category per FEMA regulations, it's treated as a domestic entity for income tax.
  • Govt to replace WPI with Producer Price Index for future procurement contracts July 16, 2026
    In a bid to modernize inflation measurement, the government is set to replace the Wholesale Price Index with the Producer Price Index for future government contracts and price changes. This initiative seeks to align India's procurement processes with global inflation metrics. Ministries are urged to integrate the Producer Price Index into their new cont […]
  • Agri Minister seeks tougher laws on fake seeds, pesticides; aims to reach 100 million farmers with ICAR technologies July 16, 2026
    ICAR aims for financial self-reliance through innovation and tech commercialization by 2029. The institution released 43 new crop varieties and 17 technologies at the event.
  • Bill to prevent insults to Vande Mataram, amend FCRA Act listed for Parliament's Monsoon session July 16, 2026
    Several significant bills are slated for introduction during the Lok Sabha Monsoon session. The Vande Mataram national song will receive statutory protection similar to the national anthem. New legislation aims to tighten control over foreign contributions to non-governmental organizations. Stricter regulations for delayed birth and death registrations are a […]

 

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