UPI Funding Crisis: ₹20,700 Crore Cost vs ₹2,000 Crore Government Support
A parliamentary panel says UPI costs ₹20,700 crore a year while government support is only ₹2,000 crore, and recommends a…
Section
Category: Economy & Policy
Indian economy, trade, commodities and government policy.
US Says India Helps China Evade Tariffs, Plans Penalties Over $19B-$26B Loss
A White House report names India among 40+ transshipment routes for Chinese goods, with the US saying tariff evasion costs…
India Cuts Windfall Tax on Diesel, Petrol and ATF Exports
India has cut the windfall tax on fuel exports from August 15, 2026, taking petrol export duty to zero and…
Govt Launches One-Time Foreign Asset Disclosure Scheme for Taxpayers
India has opened a one-time foreign asset disclosure window letting taxpayers report unreported overseas assets and income through two routes.
Wholesale Inflation Eases to 9.78% in July as Fuel Prices Cool
WPI inflation eased to 9.78% in July as fuel prices cooled, though primary article inflation rose to 8.52% and food…
Govt Mandates Alternative Fuel at Every Third Fuel Outlet
The government will require every third fuel outlet to offer an alternative fuel such as CNG, LNG, EV charging or…
China Yuan Nears 3.5-Year High as Fed Rate Bets Fade
Key takeaways The China yuan moved close to its strongest level in about 3.5 years. Traders expect fewer US rate…
India Faces Higher Venezuelan Oil Costs as Crude Discounts Narrow
Indian refiners face higher Venezuelan crude costs as discounts narrow and freight eats into savings, with Merey grade especially important.
US Treasury Yield Tops 5.2%, Highest Since 2001
Key takeaways The 30-year US Treasury yield moved above 5.2%, a level last seen in 2001. A yield is the…
Edible Oil Imports Jump 33% in July as Demand Rises
Key takeaways India’s edible oil imports rose 33% in July from a year earlier. Higher palm and soybean oil demand…