$500 billion worth of goods purchase on cards, ETCFO

India and the United States took a major step forward on Friday with the announcement of an India-US trade deal framework designed to lower tariffs, strengthen energy ties, and boost economic cooperation. The joint statement from both governments confirmed that while the framework sets a clear path, further negotiations will be needed to finalise a comprehensive […]

US lifts 25% tariff on Indian goods linked to Russia oil purchases, ETCFO

US President Donald Trump moved Friday to lift an additional 25 percent tariff he imposed on goods from India over its purchases of Russian oil, a step to implement a trade deal announced this week. Read more: India-US interim trade deal framework unveiled“India has committed to stop directly or indirectly importing Russian Federation oil,” according to […]

$30 Trillion Market Opportunity for Indian Exporters, ETCFO

The India-US trade pact will open a USD 30 trillion market for Indian exporters, especially MSMEs, farmers and fishermen, Commerce and Industry Minister Piyush Goyal said on Saturday. He said the increase in exports will create lakhs of new job opportunities for the country’s women and youth. “Under the decisive leadership of PM @NarendraModi ji, India […]

Nirmala Sitharaman’s Commitment to Bilateral Trade Agreement, ETCFO

New Delhi [India], February 7 (ANI): Union Finance Minister Nirmala Sitharaman on Saturday hailed the India-United States interim trade deal, expressing commitment to bilateral ties. Sharing the joint statement issued by India and the US on X, Sitharaman said, “India-US issue a joint statement: announces ‘a framework for an Interim Agreement regarding reciprocal and mutually beneficial […]

RBI Announces ₹25,000 Compensation for Cyber Fraud Victims in India, ETCFO

RBI ready with a ₹25,000 shield for cyber fraud victims in India RBI MPC: The Reserve Bank of India on Friday proposed a framework to compensate customers up to ₹25,000 for losses from small-value fraudulent digital transactions, as part of measures to improve the safety of digital payments. “It is proposed to introduce a framework to […]

RBI to scrap Rs 2.5 lakh crore VRR cap, finalises ECB norms, ETCFO

RBI Governor Sanjay Malhotra said the central bank has finalised revised regulations on external commercial borrowings, which will be notified shortly. In a key move to encourage foreign portfolio investment, the RBI proposed to remove the overall investment cap of Rs 2.5 lakh crore under the Voluntary Retention Route. Investments under the VRR will instead be […]

RBI Offers Regulatory Relief to Smaller NBFCs with Asset Caps, ETCFO

The Reserve Bank of India on Friday announced two regulatory easing measures for non-banking financial companies (NBFCs), proposing compliance relief for smaller entities and simplifying branch expansion norms as part of its February monetary policy announcements. Governor Sanjay Malhotra said the measures are aimed at improving ease of doing business while maintaining regulatory oversight in the […]

Transforming India’s Economy and Enhancing Ease of Living, ETCFO

Dear Readers, This week seems to have passed before my eyes like a bullet train. It all began early Sunday morning, the day of the Union Budget. While we were still busy following up on the Budget announcements, the much-awaited India-US trade deal was unveiled, sending markets surging. Soon after, BlackRock CEO Larry Fink and Mukesh […]