INDIAN ECONOMY
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Prime Minister Narendra Modi will chair a two-day 'Chintan Baithak' of Union Cabinet ministers next week to discuss key aspects of governance and policymaking, with a special focus on reforms, sources said on Wednesday.
The brainstorming session will be held here on September 23 and 24 and will be attended b...
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The next edition of the ET Business Growth Summit is set to take place in Chennai on September 18, 2026, bringing together the region’s business community for conversations around the opportunities and challenges shaping the next phase of business growth, particularly for micro, small, and medium enterprises ...
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Trade deals were supposed to be a two-way street for India. But about 15 years after it opened the gates wider to the Association of Southeast Asian Nations (ASEAN), Japan and South Korea, the traffic appears to have moved much faster in one direction.
India’s early trade agreements with Asian economies were...
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The Assam government has prepared a Rs 50,000-crore investment plan to increase development across the state and advance its vision of a ‘Viksit Assam 2047’. The proposed investment will focus on schools, healthcare, Anganwadi centres, stadiums, universities and other public infrastructure, Chief Minister Him...
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The Commerce Ministry has sought a five-year extension of the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme, which is due to expire on September 30. The move comes as the government seeks to provide greater certainty to exporters amid continuing pressure to improve India’s cost competitiv...
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Indian exporters braced for renewed uncertainty in the US market on Wednesday as the House of Representatives prepared to vote on a Russia Sanctions Bill that could empower President Donald Trump to impose tariffs of up to 100% on countries continuing to buy Russian energy.
“We are concerned. Trade and ind...
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The government on Wednesday eased export compliance for small and first-time exporters by exempting consignments valued at up to Rs 3 lakh from the requirement of a Registration-cum-Membership Certificate (RCMC).
An RCMC is generally obtained from the relevant Export Promotion Council or Commodity Board an...
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Marine products shipment, the second biggest item in terms of agri-shipment after rice, continues to surge with overall exports rising to $3.65 billion in the April-August period of FY27, an increase of over 14.3% year-on-year.
In August, 2026, shipments of marine products including frozen shrimp varietie...
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MARKET & FINANCE
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Domestic bond yields could spike as much as 45 basis points to around 7.50% as elevated crude prices, rising inflation expectations, and the rising cost of global debt weigh on sentiment, bond traders said.
Reserve Bank of India's (RBI) open market operation (OMO) sales could add to the pressure by increas...
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The introduction of merchant discount rate (MDR) on higher-value UPI transactions could change the economics of India’s payments business, nudging companies away from chasing transaction volumes towards monetisable use cases built around larger merchant payments.
Under the revised framework, eligible perso...
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In August 2026, hybrid mutual funds in the mutual fund sector saw a positive inflow for the fifth consecutive month. The category’s net inflow for the month was Rs 10,045 crore, down 12.59% from Rs 11,491 crore in July 2026, according to the Association of Mutual Funds in India (AMFI).
Healthy multi-asset...
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Following the introduction of the merchant discount rate (MDR), brokerages expect a new revenue pool for the payments industry, estimated at Rs 16,000–Rs 20,000 crore by FY28, and have accordingly revised earnings estimates for payment aggregators.
Under the revised framework, eligible person-to-merchant (...
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Global private equity fund house EQT Group is looking to invest $50 billion in the country in the next four years. Of the total, EQT would invest about $35 billion in artificial intelligence (AI) infrastructure, data centres and renewable energy, and another $10-15 billion in PE funds across its large-cap, mi...
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GLOBAL CORPORATE
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ExxonMobil is negotiating to return to Venezuela and has shown interest in the large Petromonagas heavy oil project in the Orinoco Belt - where the US energy major previously had a stake - as well as in areas in the neighboring Carabobo block, according to people familiar with the matter.
A reentry into V...
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Federal Communications Commission Chair Brendan Carr said Wednesday that a series of upcoming wireless spectrum auctions over the next couple of years could generate more than $100 billion in proceeds.
In July, the U.S. telecom regulator voted to hold a 2027 auction of 160 megahertz of mid-band spectrum in...
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China’s auto industry may be heading for a major shake-up after years of building far more production capacity than its domestic market can absorb — and Toyota’s planned revamp with its Chinese partners could be an early sign of what that reset looks like.
The trigger is a proposed tie-up between Guangzhou A...
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Banking
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Fund inflows under the Foreign Currency Non-Resident (Bank), or FCNR (B), deposit scheme reached $132.9 billion by September 10, sources told FE.
The latest figure is $5.7 billion more than the last official figure of $127.2 billion up to August 31, released by the Reserve Bank of India (RBI).
The final...
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GLOBAL ECONOMY
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Federal Reserve Chairman Kevin Warsh said on Wednesday that the U.S. economy has strengthened since Fed policymakers last met in June, with a labor market essentially running at full employment, while inflation trends have shown l...
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New Zealand's economy grew more slowly in the second quarter as the crisis in the Middle East weighed on the economy.
Official data out on Thursday showed gross domestic product (GDP) rose 0.2% in the second quarter on the pri...
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Singapore's non-oil domestic exports surged by 46.2% in August from a year earlier, government data showed on Thursday, a fifth straight month of growth above 20% as electronic shipments continued to be powered by robust AI-relate...
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The International Monetary Fund (IMF) said on Thursday that Australia's central bank may need to raise interest rates further, with inflation expected to remain elevated this year before gradually cooling into the central bank's t...
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The European Union will use every possible means to reduce its "unsustainable" trade deficit trade with China, European Commission President Ursula von der Leyen said on Wednesday.
Von der Leyen said that the imbalance, with a ...
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South African inflation expectations stabilised in the third quarter, a survey showed on Wednesday, after a steep rise in the previous quarter because of the oil price shock triggered by the Iran war....
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Euro zone wage growth continued to slow last quarter even as inflation picked up, and negotiated wage contracts point to only a mild pickup next year, offering European Central Bank policymakers comfort that price growth remains u...
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Surging government bond yields are raising credit costs across the U.S. economy and could factor into Federal Reserve monetary policy deliberations, but analysts see the central bank resisting any explicit call from the Trump admi...
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British Prime Minister Andy Burnham said he is ready to take the difficult decisions required to ensure the UK economy remains on track, after data on Wednesday showed a rise in inflation and as speculation mounts about what that ...
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European Commission President Ursula von der Leyen has invited Canada to become the European Union’s first “associate member”, as Brussels and Ottawa look to strengthen economic and strategic cooperation amid uncertainty in transa...
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Just under two months before the November 3 midterm elections in the United States, a new report illuminated how US President Donald Trump’s widespread immigration crackdown could adversely impact American citizens. ...
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The US Federal Reserve raised interest rates by 25bps on Wednesday, taking the target range to 3.75%-4%, in the first rate hike of Kevin Warsh’s tenure as Fed chair. The decision was unanimous, with the Federal Open Market Committ...
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INDIAN CORPORATE
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Tata Electronics is set to sign 16 Memorandums of Understanding (MoU) at SEMICON India 2026, marking a significant step in developing the domestic semiconductor supply chain, according to Randhir Thakur, Chief Executive Officer of...
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Micron Technology will scale up its semiconductor assembly and testing operations at Sanand, Gujarat, by multifold next year, as India’s semiconductor policy push moves the industry from planning to commercial production, CEO Sanj...
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Apollo Micro Systems has received the Transfer of Technology (ToT) for the Semi-Active Laser Homing System (SALHS), a precision-guidance system designed to provide in-flight guidance to munitions towards a laser-designated target....
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JCB India expects to double its manufacturing capacity to around 170,000 construction equipment machines annually by 2030, as the company expects sustained demand from the domestic infrastructure build-out as well as growing globa...
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The Bhabha Atomic Research Centre (BARC) is in talks with India’s largest energy and engineering companies to invest in and commercialise its indigenous 300-megawatt (MW) Bharat Small Modular Reactor (B-SMR-300). The plan is to es...
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COMMERCIAL LAW
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India needs a coordinated policy push across mineral exploration, mining, manufacturing, logistics and trade to unlock the potential of its mining and metals sector, NITI Aayog said in a report on Wednesday.
The report has call...
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GST
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The newly-introduced merchant discount rate (MDR) on select UPI transactions will attract 18% goods and services tax (GST), said a senior payment industry veteran. “The tax will be applicable as things stand today,” the official said. The Central Board of Direct Taxes and Customs had removed MDR in 2020 due t...
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After reducing the number of tax slabs under the Goods and Services Tax (GST) last year, the upcoming GST Council meeting will focus “only on process reforms,” Finance Minister Nirmala Sitharaman said on Wednesday.
“GST 2.0 focused on rate rationalisation and also worked on process reforms. The process ref...
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