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Markets, companies, the rupee and policy: India's economy at a glance.

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File photo: Sahaj Patel / Unsplash License

Business & Economy7 Aug, 10:50

Prime Minister Narendra Modi urges citizens to celebrate National Handloom Day

Prime Minister Narendra Modi released an Instagram video on Thursday encouraging citizens to celebrate National Handloom Day on August 7. He urged the public to purchase handloom products and share videos, including Get Ready With Me content, to support weaver families and promote India's textile heritage. The Prime Minister highlighted the historical significance of the date, noting that the Swadeshi Movement began on August 7, 1905, and called for the day to be observed with the same enthusiasm as Friendship Day.

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File photo: United States Senate / Public domain

Business & Economy9 Aug, 07:23

US Senate passes bill allowing 100 percent tariffs on major Russian energy buyers

The United States Senate has approved a bipartisan bill that grants President Donald Trump the authority to impose tariffs of up to 100 percent on goods from the top five importers of Russian oil and gas. The legislation, titled the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, passed with an 86-11 vote. India, China, Azerbaijan, Hungary, and Slovakia are currently identified as the primary nations targeted by the potential trade measures. The bill now moves to the House of Representatives for further consideration before it can be enacted into law.

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Politics7 Aug, 11:20

Prime Minister Narendra Modi and Benjamin Netanyahu discuss West Asia situation

Israeli Prime Minister Benjamin Netanyahu held a telephone conversation with Indian Prime Minister Narendra Modi on Thursday to discuss the ongoing crisis in West Asia. The two leaders reviewed the progress of the India-Israel special strategic partnership and reaffirmed their commitment to strengthening bilateral cooperation across multiple sectors. They also exchanged views on recent regional developments and agreed to maintain communication as the conflict continues.

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Business & Economy5 Aug, 11:46

RBI Monetary Policy Committee maintains repo rate at 5.25 percent

The Reserve Bank of India's Monetary Policy Committee (MPC) unanimously decided to keep the repo rate unchanged at 5.25 percent during its third bi-monthly meeting of the current financial year. Governor Sanjay Malhotra announced that the committee maintained a neutral stance, citing the need to balance resilient domestic economic activity against global geopolitical uncertainties and supply chain disruptions. While retail inflation reached 4.38 percent in June, exceeding the central bank's 4 percent target, the MPC noted that price pressures remain largely driven by food and fuel costs rather than broad-based economic factors.

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Business & Economy7 Aug, 08:42

Lok Sabha passes Taxation and Other Laws (Amendment) Bill, 2026

The Lok Sabha has passed the Taxation and Other Laws (Amendment) Bill, 2026, which amends the Payment and Settlement Systems Act, 2007. The legislation empowers the central government to permit banks and payment service providers to levy charges on UPI and other electronic transactions through future notifications. The bill was passed without debate amid persistent protests by the Opposition in the House.

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Business & Economy7 Aug, 08:47

Union Cabinet approves Rs 23,731 crore GOBARdhan scheme for biogas production

The Union Cabinet has approved the GOBARdhan scheme, a national initiative with an outlay of Rs 23,731 crore aimed at increasing domestic compressed biogas production ten-fold. The scheme, which will be implemented from the 2026-27 to 2035-36 financial years, seeks to convert agricultural residue, cattle dung, and municipal organic waste into clean fuel and organic manure to enhance energy security and rural income.

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Business & Economy6 Aug, 21:26

India rules out ethanol import concessions in US trade talks

The Indian Commerce Ministry stated on Thursday that it will not offer concessions or commitments to import ethanol from the United States during ongoing bilateral trade negotiations. The government clarified that current regulations mandate the use of domestically produced ethanol for gasoline blending, and there are no plans to change this policy to permit large-scale fuel ethanol imports.

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