Category: Politics
UK and EU Brands Shift Sourcing Focus to India Amid Free Trade Agreement Talks, ETCFO
Representative Image UK and European apparel brands, including Marks & Spencer, Primark and Next, have started negotiations with Indian suppliers as the India-UK and India-EU free trade agreement talks move closer to ratification. Buyers are intensifying factory audits and evaluations in hubs such as Tiruppur in Tamil Nadu, with plans to start or expand sourcing from […]
US Imposes 25% Tariff on Countries Trading with Iran, Exporters in Limbo, ETCFO
New Delhi, Exporters are keeping their fingers crossed on the impact of recent announcement made by US President Donald Trump that Washington will impose additional 25 per cent duty on countries trading with Iran. The exact impact of the additional tariff will be only known after a notification is issued by the Trump administration, said exporters. […]
India can’t shake Iran’s ghosts as Trump opens new box of worries, ETCFO
US President Donald Trump announced he is imposing a 25% tariff on goods from countries “doing business” with Iran, ratcheting up pressure on the government in Tehran that has been rocked by widespread protests. Trump posted on social media on Monday that the new duty would be “effective immediately,” without providing details about the scope or […]
ICAI Advocates for Comprehensive Tax Reform in Budget 2026, ETCFO
Charanjot Singh Nanda President of the Institute of Chartered Accountants of India (ICAI) As the new Income Tax Act is set to come into force from April 1 2026 the Institute of Chartered Accountants of India has called for a comprehensive overhaul of direct tax provisions to reduce litigation ease compliance and align the law with […]
India faces risk as Trump threatens 25% tariff on countries trading with Iran, ETCFO
Trump Tariffs: US President Donald Trump said on Monday any country that does business with Iran will face a tariff rate of 25% on trade with the U.S., as Washington weighs a response to the situation in Iran which is seeing its biggest anti-government protests in years. “Effective immediately, any Country doing business with the Islamic […]
RBI’s $10 Billion FX Swap Expected to Attract Strong Corporate Demand Amid Arbitrage Opportunities, ETCFO
By Nimesh Vora and Jaspreet Kalra MUMBAI, – The arbitrage opportunities between onshore and offshore markets alongside an expected pick up in corporate participation are likelt to help the Reserve Bank of India’s $10 billion foreign-exchange swap sail through smoothly, bankers said. Bids for the operation will be submitted by banks in the first half of […]
India-EU trade deal in ‘final stages’; talks with US underway, says Piyush Goyal, ETCFO
Negotiations on a trade agreement between India and the European Union are in the final stage, while talks are ongoing with the United States for a bilateral trade deal, Commerce and Industry Minister Piyush Goyal said on Monday. Goyal made the remarks while delivering the keynote address at the Regional MSME Conclave in Rajkot, Gujarat. The […]
State capex loans cross 56% of FY26 target by Jan 5; Centre aims for full utilisation, ETCFO
The Centre has released ₹83,595 crore to states as of January 5 under the Scheme for Special Assistance to States for Capital Investment (SASCI), people familiar with the matter said. This represents about 56% of the total allocation of ₹1.50 lakh crore under the scheme for 2025-26. With less than three months remaining before the fiscal […]
RBI trims US treasury holding to below $200 bn amid gold rush, ETCFO
Mumbai: The Reserve Bank of India‘s holding in US Treasuries has fallen below $200 billion reflecting a strategic shift in the banking regulator’s reserve management. Data released by the US Department of Treasury shows that India held $190 billion gold reserves at the end of October 2025, down $50.7 billion in the same period a year […]
India Eases Renewable Energy Rules for Waste-to-Energy Projects, ETCFO
New Delhi: The Centre has proposed to exempt captive waste-to-energy generation from renewable energy consumption obligation (RCO) norms. According to draft procedures for RCO compliance mechanism, issued by the Bureau of Energy Efficiency, the exemption covers self-consumed electricity generated through waste recovery, including from byproduct gases, or other forms of residual energy sources associated with industrial […]
