Economy News ( English version)

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  • FM Sitharaman asks I-T Department to separate genuine errors from wilful tax evasion July 24, 2026
    Finance Minister Nirmala Sitharaman called on the Income Tax Department to embrace a more taxpayer-friendly attitude. She highlighted the importance of differentiating between honest errors and deliberate tax fraud. Sitharaman encouraged officials to exercise their enforcement powers with a sense of humility and restraint, reminding them that their role now […]
  • India's exports to UK may reach USD 115 bn by 2030 due to trade pact: Assocham July 24, 2026
    India's trade with Britain is projected to hit USD 115 billion by 2030, promising the creation of approximately 700,000 to 1 million jobs. To thrive in this evolving landscape, Indian businesses need to focus on competitiveness and quality assurance. Moreover, improving the ease of doing business and boosting infrastructure investments are critical for […]
  • Finance minister Nirmala Sitharaman asks I-T officials to ease burden on honest taxpayers July 24, 2026
    Finance Minister Nirmala Sitharaman urged tax officials to ensure taxpayer convenience. She stressed firm action against tax evasion and economic certainty. Officials must adopt an empathetic approach while enforcing tax laws. Sitharaman outlined five priorities for the Income Tax Department. She advised officials to exercise their powers with humility and a […]
  • India-US 'economic partnership continues' to grow despite pending trade deal: USISPF CEO Mukesh Aghi July 24, 2026
    US-India Strategic Partnership Forum (USISPF) President and Chief Executive Officer (CEO) Mukesh Aghi on Friday said that the economic partnership between India and the United States continues to expand despite the absence of a bilateral trade agreement, with trade and investment flows growing steadily.
  • India's forex reserves rise $1.08 billion to $676.237 billion in week ended July 17 July 24, 2026
    In a notable development, India's forex reserves have increased by over one billion dollars, driven primarily by a growth in foreign currency assets. On the downside, the value of gold reserves has seen a significant decline. Additionally, Special Drawing Rights have experienced a minor upward adjustment, while the reserve position with the IMF has face […]

 

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