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New Delhi: In a huge relief for the Indian economy, US President Donald Trump spoke to Prime Minister Narendra Modi on Monday and announced that India and the US have agreed on a trade deal. The United States will bring down the reciprocal tariff on Indian goods to 18 per cent from the current 25 per cent. Following the trade pact and tariff cut announcement, there is a lot of enthusiasm within the government and the business community. The US-India trade deal is expected to bring major benefits to Indian farmers, small industries, exporters, and skilled labor. It will give fresh momentum to ‘Make in India’ and also enable new technology into the domestic market from the United States. US-India Trade Deal: Tariffs Cut to 18% After Trump announced 50 per cent tariffs on Indian products entering the US, several were reeling under the heavy taxes. Labor-based industries such as textiles, leather, and marine products were severely impacted. Now, with tariffs being reduced, there is...
New Delhi: In a big relief, India 's manufacturing sector activity recorded a marginal recovery in January, which indicates that industries are staying on track both at the level of domestic demand and production. The PMI witnessed an upward trend amid faster increase in new orders, even as business confidence slipped to its lowest level in three-and-a-half years, the seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) stated. HSBC India PMI: January 's Manufacturing Rebound & Key Drivers The India Manufacturing PMI rose from a two-year low of 55 in December to 55.4 in January. Notably, the figures for December were the lowest level in the last two years. In the PMI parlance, a PMI more than 50 indicates that the manufacturing sector is continuing to expand, while a level below 50 indicates contraction, and at 50, it means no change. "Indian manufacturing firms saw a rebound in January, driven by increased new orders, output, and employment. Input...
New Delhi: India and the European Union (EU) signed the Free Trade Agreement (FTA) on 27 January 2026, Tuesday. The trade deal is being billed as an important milestone in one of India’s most strategic economic partnerships. The FTA between India and the 27-nation bloc of European countries is being billed as the "mother of all deals". The trade pact will create a market of two billion people. Officials are of the view that the India-EU Free Trade Agreement will account for almost a quarter of the global GDP. The trade pact will reduce tariffs on 99 per cent of Indian exports to the EU and cut duties on over 97 per cent of the EU 's exports to India. The India-European Union FTA will allow the Indian Pharmaceuticals sector gain access to the $572.3 billion EU pharmaceuticals & medical devices market. The huge market would enable the domestic pharma industries to scale, generate employment, and reinforce India’s positioning as a reliable partner in the pharmaceuticals sector...
New Delhi: Amid the US President Donald Trump’s tariff storm, India is all set to ink a 'Free Trade Agreement ' with the European Union which is being touted as the ‘Mother of all deals’. India and the EU are fast moving towards preparing a new path of trade. How important this deal is for India and what will the European Union achieve from it, let 's try to understand in this article. European Commission President Ursula von der Leyen announced on Tuesday that the European Union and India are on the cusp of signing a historic trade deal. India-EU FTA: 'Mother of All Deals ' India and the European Union are all set to finalize a trade deal that has taken nearly two decades to finalise. The scale of the proposed Free Trade Agreement is clear from Commerce Minister Piyush Goyal 's statement about the FTA. He called it the 'Mother of All Deals '. Formal signing of the trade deal is expected around 26-27 January, when senior EU leaders...
New Delhi: The process of privatisation of IDBI Bank has now reached a decisive juncture. The central government has invited financial bids to sell its stake in the bank. The process that has been stuck for a long time is now speeding up. According to government sources, all necessary regulatory and security clearances have been completed. The government can announce the name of the successful bidder by March 2026. This deal is believed to be one of the biggest disinvestment deals in the Indian banking sector. Under the proposed disinvestment scheme, the central government will keep its 30.48 percent stake in IDBI Bank for sale. Based on the current market price, its price is estimated at around Rs 36000 crore. Along with this, the Life Insurance Corporation (LIC) will also sell its 30.24 percent stake in the bank. In this way, 60.72 percent of the total stake will be on sale. The total value of both stakeholders is estimated to be around Rs 72,000 crore. Top Contenders for IDBI Bank...
New Delhi: The central government is expected to announce a big decision regarding the tax rules related to foreign companies in the Budget 2026. The new tax rules could be implemented for companies, which are earning good income through digital or technology without setting up a big office or factory in India. The government is considering introducing such rules so that the tax system can be made cleaner, easier and dispute-free. So far, the tax on a foreign company in India is clearly levied only when it is considered a permanent establishment. But in the era of digital companies, it has become difficult to determine whether the company 's real presence is in India or not. Due to this confusion, many companies have received tax notices and long cases are going on. Now the government is considering replacing the old rules with a formula-based tax system, in which a certain part of the company 's profits will be taxed on the basis of income linked to India. Negotiations on a...
New Delhi: Union Finance Minister Nirmala Sitharaman will present the Union Budget 202627 on 1 February. This time the budget is coming at a time when the impact of US tariffs and geopolitical tensions remain a matter of concern across the world. In such a situation, all eyes are on the upcoming budget. Budget 2026: Emphasis may be on AI The industry believes that this time Artificial Intelligence (AI) infrastructure should get priority in the budget. According to Happiest Minds CEO Shridhar Mantha, India should move towards becoming a global leader, not just a consumer of AI. For this, indigenous hardware, data centers, support to startups, tax incentives and skilling programs are necessary. Insurance sector There are also high expectations from the insurance sector. Ashwini Dhanawat, CIO of Shriram General Insurance, says that insurance penetration in India is now very low compared to GDP. Steps like tax relief on health insurance, strengthening Ayushman Bharat and improving the...
New Delhi: Positive signals are coming from the banking sector regarding the Union Budget 2026 . Punjab National Bank MD and CEO Ashok Chandra believes that the government will give priority to development in the upcoming Budget. According to Chandra, special attention can be paid to infrastructure MSME and rural development in the budget. In the last few years there has been continuity in the policies of the government. This continuity is expected to continue. The focus of the budget can be on strengthening economic growth and promoting investment. PNB MD said in the Budget 2026-27 , the government can pursue the same priorities. Increasing investment in infrastructure and rural areas will strengthen the economy. This can create new employment opportunities. The government 's goal may be to speed up growth. Budget 2026 expectations: Special emphasis on MSME sector In the budget, there is hope of big announcements regarding the MSME sector. According to the PNB MD, by increasing...
New Delhi: Ahead of the Union Budget 2026 presentation, reports are doing rounds that the next phase of PM Kusum Yojana may be announced by the Finance Minister. This scheme was specially introduced to provide affordable and clean energy to the farmers. The government is now preparing to pursue this scheme in a new way. Under PM Kusum 2.0, solar energy can be further strengthened in rural and agricultural sectors. This will help in increasing the income of farmers and reducing their dependence on diesel. What is PM Kusum Yojana PM Kusum Yojana was launched in March 2019. Its purpose is to connect farmers with solar pumps and solar electricity. It was further expanded in January 2024. This scheme provides both electricity and water facilities to the farmers. At the same time, there is a decrease in the use of diesel in farming. This scheme also plays an important role in keeping the environment safe. The present PM Kusum Yojana is set to end in March 2026. Considering this, the...
New Delhi: Securities and Exchange Board of India (SEBI) has given its nod to PhonePe to launch its Initial Public Offer (IPO). The payment aggregator will be filing its Updated Draft Red Herring Prospectus (UDRHP) soon. In the near future, PhonePe public offer is India 's most anticipated fintech IPO, sources familiar with the development told news agency PTI. The PhonePe IPO will be an Offer For Sale by existing shareholders of the fintech. The sources further said that the company will not be raising any additional primary capital in the IPO. PhonePe 's Digital Payments Dominance PhonePe is a leading player in India 's digital payments market with over 45 per cent market share in UPI transactions. NPCI data reveals that in December 2025, the fintech processed 9.8 billion transactions. In the financial year 2024-25, PhonePe had recorded Rs 7,115 crore in revenue, which was a 40 per cent year-on-year increase. The company also turned free cash flow positive with...
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