Economy News ( English version)

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  • Autonomous bodies should leverage risk-controls maturity scorecard to access financial prudence: CAG March 9, 2026
    CAG K Sanjay Murthy urged autonomous institutions to use the Risk-Control Maturity Scorecard (RCMS) for financial prudence. This self-monitoring tool aims to identify areas needing attention as the number of autonomous bodies and investments grow. The initiative shifts focus from reactive compliance to proactive risk management, with institutional management […]
  • India may face $7–8 billion higher monthly import bill as crude surges March 9, 2026
    As international energy prices skyrocket, India's economy finds itself grappling with a daunting hurdle. Experts foresee a staggering outflow of USD 7-8 billion in foreign currency each month. The escalation in crude oil and natural gas costs not only stirs worries over inflation but also threatens to widen the current account deficit.
  • FTAs to provide huge export opportunities for pharma, healthcare sectors: Piyush Goyal March 9, 2026
    India's recent free trade agreements are set to boost the domestic pharma and healthcare industries. Commerce Minister Piyush Goyal highlighted the vast business potential these pacts unlock. Agreements with Mauritius, Australia, UAE, and EFTA are already active. Negotiations with GCC and Eurasia are progressing well.
  • Iran war hits tea export; Assam releases ₹94.7 crore support March 9, 2026
    Assam government has released Rs 94.70 crores to 486 tea gardens under the ATISIS scheme. This initiative aims to boost orthodox and specialty tea production and ensure financial stability. The scheme offers interest subvention, production subsidies, and tax holidays. However, the ongoing Iran-Israel-US conflict poses a significant threat to Indian tea expor […]
  • Place audit orders in public domain to boost trust: CIC to NFRA March 9, 2026
    The Central Information Commission has urged the National Financial Reporting Authority to publish all orders, directions, and policy decisions impacting audit practices. This move aims to enhance transparency and public trust in financial reporting. The commission emphasized that such information should be readily available on the NFRA's website.

 

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