Economy
CBIC rolls out process to claim duty concessions under India-UK FTA
CBIC has outlined the operational framework for self-certification of origin under the India-UK trade pact, enabling importers to claim preferential tariff benefits from July 15
 "CBIC rolls out process to claim duty concessions under India-UK FTA")
Bank of Baroda raises India's FY27 GDP growth forecast to 6.6-6.8%
The public sector lender has raised its FY27 growth forecast by 40 basis points, citing easing oil prices, improving monsoon conditions and resilient economic indicators
 "Bank of Baroda raises India's FY27 GDP growth forecast to 6.6-6.8%")
US trade pact will be signed when time is right: Commerce Secretary
Fully engaged with Washington for a balanced deal, says Piyush Goyal
 "US trade pact will be signed when time is right: Commerce Secretary")
India's trade deficit widens to five-month high of $30.43 billion in June
The trade deficit widened sharply to $30.43 billion in June from $28.21 billion a month ago
 "India's trade deficit widens to five-month high of $30.43 billion in June")
India's retail inflation breaches RBI target to hit 4.38% in June
Fuel costs lift food prices; experts don't expect rate hike
 "India's retail inflation breaches RBI target to hit 4.38% in June")
Rupee hits 1-month low as West Asia tensions, oil prices weigh on sentiment
The rupee fell to a one-month low against the US dollar as rising crude oil prices and renewed tensions in West Asia weighed on sentiment, with RBI intervention limiting losses
 "Rupee hits 1-month low as West Asia tensions, oil prices weigh on sentiment")
FM asks banks to step up NRI outreach as FCNR(B) mobilisation gathers pace
Lenders report encouraging response from Singapore, HK, Gulf, UK, US; ECB inflows seen picking up in Q3 FY27
 "FM asks banks to step up NRI outreach as FCNR(B) mobilisation gathers pace")
A new index at the factory gate: Why India's PPI matters beyond inflation
After more than two decades in the making, India's Producer Price Index is beginning to reshape industrial output, GDP measurement and the country's broader statistical framework
 "A new index at the factory gate: Why India's PPI matters beyond inflation")
Russian crude discounts, high freight stall India's return to West Asia oil
Record tanker freight rates, opaque Iranian supply channels and sharply higher discounts on Russian crude have kept Indian refiners reliant on Russia despite the revival of West Asian supplies
 "Russian crude discounts, high freight stall India's return to West Asia oil")
Framework for India-US trade deal is ready, to be signed on right time
The official said that India is seeking a comparative advantage on the tariff front in the agreement vis-a-vis its competitor nations
 "Framework for India-US trade deal is ready, to be signed on right time")
June retail inflation marginally rises to 4.38%, food inflation at 5.32%
Food inflation in June increased to 5.32 per cent in June from 4.78 per cent in May, indicating renewed pressure on household food expenses
 "June retail inflation marginally rises to 4.38%, food inflation at 5.32%")
India, US remain fully engaged on trade pact talks, says Piyush Goyal
Goyal also said that he had a meeting with US Trade Representative Jamieson Greer here last month
 "India, US remain fully engaged on trade pact talks, says Piyush Goyal")
CERC orders renewable firms to surrender unused grid connectivity
The firms can also transfer transmission rights for their group utility that are generating but does not have connectivity to grid, an order from the Central Electricity Regulatory Commission said
 "CERC orders renewable firms to surrender unused grid connectivity")
India's exports rise 15.5% in June, trade deficit widens to $30.43 bn
During April-June this fiscal, exports increased 15.92 per cent to $129.32 billion, while imports rose 19.89 per cent to USD 216.18 billion.
 "India's exports rise 15.5% in June, trade deficit widens to $30.43 bn")
India-UK CETA explained: What's changing in tariffs, duties from July 15?
India and the UK's trade deal comes into force on July 15, lowering import duties on many Indian exports and offering social security relief for professionals
 "India-UK CETA explained: What's changing in tariffs, duties from July 15?")
Govt begins national floor wage exercise. What changes for workers?
The national floor wage is intended to create a common minimum wage benchmark across India while allowing states to account for regional differences
 "Govt begins national floor wage exercise. What changes for workers?")
Weekly policy watch: Inflation data, India-UK FTA, forex reserves in focus
India's policy calendar this week will track inflation, wholesale prices, trade agreements and forex reserves
 "Weekly policy watch: Inflation data, India-UK FTA, forex reserves in focus")
Centre starts national floor wage exercise, readies advisory board
The Centre will also constitute a Central Advisory Board (CAB), which will hold consultations before recommending the national floor wage
 "Centre starts national floor wage exercise, readies advisory board")
MCA considers global audit norms placing responsibility on group auditors
Official sources said that ICAI has expressed its concerns over the introduction of SA600 to the MCA as well
 "MCA considers global audit norms placing responsibility on group auditors")
Govt likely to interlink GeM, TReDS platforms for MSME financing
The Centre plans to integrate GeM with TReDS, enabling MSMEs to move seamlessly from government procurement to invoice financing and faster payments
 "Govt likely to interlink GeM, TReDS platforms for MSME financing")