Ministry of Food Processing Industries (MoFPI) is fostering the growth of India’s food processing sector through schemes like PMKSY.

Cross-border payment firms expect a 15–25% drop in India–US ecommerce shipments as Washington ends its US\$800 duty-free import rule from Aug 29.

India’s Russian oil imports fell in July as discounts narrowed and seasonal demand softened, with private refiners accounting for most of the purchases.

JSW Steel and South Korea’s POSCO Group are planning a joint venture to set up a six million tonnes per annum steel plant in India.

The government is set to roll out a two-tier GST structure by October, with 5% and 18% slabs that will cut taxes on daily-use goods such as cement, small cars, and FMCG.

Retail food inflation fell to (-) 1.76% in July, the lowest since 2019, driven by sharp declines in vegetable and pulse prices.

Under the PM Surya Ghar: Muft Bijli Yojana, 16.78 lakh households have been equipped with rooftop solar installations.

MoFPI is implementing a Research & Development Scheme under PMKSY, providing grant-in-aid to universities, IITs, government institutions.

India has cleared defence projects worth ₹67,000 crore aimed at enhancing the capabilities of the Indian Army, Navy, and Air Force.

India and the Philippines have taken a key step towards deepening economic ties by exchanging terms for a Preferential Trade Agreement (PTA), enhancing trade beyond the existing ASEAN-India framework.