The Latest Breaking News from India

Raising the bar: India-UK FTA seen driving next wave of premiumisation in alco-bev industry

Under the India-UK trade deal, set to take effect on July 15, India will be reducing duty on UK whisky and gin from 150% to 75% and further to 40% in the tenth year of the deal.

The Economic Times · Jul 9

ITR filing 2026: NRIs need to file Schedule FA in ITR to declare foreign asset for AY 2026-2027 in this case

Resident and ordinarily resident individuals must report foreign assets. This disclosure is required in Schedule FA of the income tax return. Non-resident Indians and resident but not ordinarily resident individuals are exempt. Schedule FA requires reporting peak values and beneficial ownership details. Failure to comply can lead to significant penalties…

The Economic Times · Jul 9

India, Australia unlock uranium trade, step up energy and supply chain cooperation

India and Australia finalized uranium export administrative arrangements for peaceful purposes. Both nations committed to deepening bilateral energy trade and strengthening supply chains. They will advance energy trade and investment through existing economic agreements. Both countries will support uninterrupted energy product flows and enhance trade. They also agreed to enhance…

The Economic Times · Jul 9

'Committed to processing visas under established regulations': US Embassy in Delhi on reported delays faced by Indian students

The US Embassy in New Delhi affirmed its commitment to processing student visas according to regulations. Indian students have reported delays in securing necessary visa appointments for study. The US Department of Labor is investigating alleged foreign fraudsters misusing the H-1B visa program. This action aims to protect American workers…

The Economic Times · Jul 9

Pratika Rawal ruled out of historic Lord's Test with knee injury, Priya Punia named replacement

India opener Pratika Rawal is out of the historic Lord's Test due to a knee injury. Priya Punia has been added to the squad as her replacement. Rawal sustained the injury during a recent India A match requiring stitches. Punia earned her maiden Test call-up after strong India A performances.…

The Economic Times · Jul 9

A German import wrapped in Desi pride: India’s expensive defiance of medical science

In February this year, a performance audit of Uttar Pradesh’s AYUSH department by the Comptroller and Auditor General (CAG) highlighted that Rs 2,717.79 crore was provisioned for homoeopathy services alone between 2018 and 2023.

Newslaundry · Jul 9

Why PM Modi Praised Nehru in Indonesia Surprised Everyone

Political speeches often focus on the present, but sometimes a single reference to the past reveals a story that many people have forgotten. During his address to Indonesia's Parliament, Prime Minister Narendra Modi surprised many by praising India's first Prime Minister, Jawaharlal Nehru, and remembering a daring rescue mission led…

MyLifeXP · Jul 9

Tripura eyes Rs 1 lakh cr investment at Destination Tripura Business Conclave 2026

The Chief Minister said the two-day conclave is expected to generate investment proposals worth nearly Rs 1 lakh crore, with participation from investors not only from across India but also from several foreign countries.

The Economic Times · Jul 9

PM Modi invites Australian businesses to invest in India, seeks early conclusion of CECA

Prime Minister Narendra Modi invited Australian businesses to invest in India, underlining strong economic growth and policy reforms creating opportunities. Modi discussed collaboration in sectors like critical minerals and technology. He urged early conclusion of the Comprehensive Economic Cooperation Agreement.

The Economic Times · Jul 9

ADB cuts India's FY27 GDP growth aim to 6.6% on higher energy prices

The Asian Development Bank has lowered India's FY27 GDP growth forecast to 6.6 percent. Elevated energy prices are impacting household purchasing power and squeezing real incomes. The lender also raised India's FY27 inflation forecast to 5.2 percent. South Asia's growth projection for 2026 was also reduced by 0.3 percentage points.…

The Economic Times · Jul 9