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Economy Coverage
Objective policy analysis, legislative developments, and real-time updates regarding the Indian Economy sector.
Economy9/16/2026
Paytm, SBI, YES, ICICI Bank shares rally after govt introduces 0.4% MDR on merchant UPI payments - Upstox
The Indian government’s 0.4 % MDR on merchant UPI payments sparked a rally in shares of Paytm, SBI, YES Bank and ICICI Bank, while also drawing criticism from retailers and a pending Supreme Court challenge. Officials maintain the fee is a sovereign move to sustain the UPI platform, not the result of foreign pressure.
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Economy9/16/2026
Quietly, BRICS Starts Assembling a New Trade Finance System - Swarajya
BRICS is quietly developing a digital trade‑finance platform to enable dollar‑free transactions among its members, with a prototype expected by 2025. India is positioning the initiative as a strategic balancing tool while navigating concerns over China’s influence and the system’s broader geopolitical implications.
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Economy9/11/2026
Modi-Xi meet: Trade, border on agenda during Xi's 24-hour blitz - The Times of India
Chinese President Xi’s 24‑hour visit to New Delhi centered on border stability in Arunachal Pradesh and expanding a $100 billion trade relationship, set against the backdrop of the BRICS 2026 summit. Both sides pledged to manage their differences responsibly, yet entrenched mistrust and strategic rivalry remain prominent challenges.
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Economy9/11/2026
Modi and Xi are set to meet at BRICS with trade and border issues in spotlight - CNBC
Prime Minister Narendra Modi and President Xi Jinping will meet during the BRICS summit in Delhi, with trade and the LAC border dispute topping the agenda. Though both sides call for a strategic, long‑term outlook, deep‑rooted suspicions suggest that any progress will be incremental and closely watched.
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Economy9/8/2026
U.K. to ban trade with illegal West Bank settlements to support ‘two State solution’ - The Hindu
The United Kingdom will bar imports of goods from Israeli West Bank settlements, citing support for a two‑state solution and compliance with international law. Israel has responded by shutting the British consulate in Jerusalem, heightening tensions in an already fraught diplomatic relationship.
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Economy9/8/2026
DAC clears defence purchases worth Rs 1.1 lakh crore for Army, Navy and IAF - Moneycontrol.com
India’s Defence Acquisition Council approved procurement proposals worth ₹1.10 lakh crore for the Army, Navy and Air Force, with 98 % of the hardware to be sourced from Indian industry. The clearance aims to modernize the services while reinforcing the “Make in India” agenda in the defence sector.
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Economy9/6/2026
PM Modi says his 'dimagi Naxal' remark in I-Day speech 'worked like homeopathic pill', calls critics... - Moneycontrol.com
Prime Minister Narendra Modi defended his “dimagi Naxal” comment, saying it acts like a homeopathic pill that gradually fortifies the nation. Critics, however, maintain the phrase stigmatizes dissent and risks inflaming tensions.
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Economy9/3/2026
Belgian PM says wanted to bring chocolate replica of India Gate for PM Modi, explains why he couldn't - Moneycontrol.com
Belgian PM Alexander De Croo had intended to present a chocolate replica of India Gate to PM Modi, but customs restrictions and a packed agenda prevented its delivery. The state visit nevertheless underscored expanding India‑Belgium cooperation in trade, technology and defence, even as both nations navigate sensitive arms‑export concerns.
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Economy9/2/2026
Putin, Sharif and Xi: PM Modi’s 3 distinct yet powerful messages at SCO - Moneycontrol.com
At the Bishkek SCO summit, Prime Minister Narendra Modi delivered three distinct messages: a reaffirmation of India’s strategic partnership with Russia, a stern warning to Pakistan against using terrorism as a policy tool, and a call for deeper economic and climate cooperation with China. The trio of statements underscores India’s bid to shape a multipolar regional order while prioritising security and development.
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Economy8/31/2026
Glacier collapse caught on drone camera before deadly Nepal flash floods - Moneycontrol.com
A drone captured the moment a hanging glacier collapsed in Nepal’s Langtang Valley, sparking a deadly flash flood that claimed at least 57 lives. Scientists say the event underscores escalating GLOF threats across the Himalayas and highlights India’s urgent need for a dedicated glacier‑monitoring network.
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Economy8/31/2026
India-Uzbekistan ink uranium supply deal, set $5 bn trade goal as Modi receives top Uzbek honour - ThePrint
India and Uzbekistan have sealed a uranium supply agreement and set a $5 billion trade target, while Prime Minister Modi received Uzbekistan’s top state honour. The deals, part of a newly announced comprehensive strategic partnership, also underscore shared condemnation of cross‑border terrorism ahead of the SCO summit.
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Economy8/30/2026
India, Uzbekistan upgrade ties to comprehensive strategic partnership; set $5 bn trade target - The Hindu
India and Uzbekistan have elevated their relationship to a Comprehensive Strategic Partnership, aiming to boost bilateral trade to $5 billion by 2030. Prime Minister Modi received Uzbekistan’s highest civilian honor, underscoring the deepening political and economic ties between the two nations.
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Economy8/29/2026
HDFC Bank MD Sashidhar Jagdishan decides not to seek reappointment, to retire in October - Moneycontrol.com
HDFC Bank MD‑CEO Sashidhar Jagdishan will retire on 26 October 2026, opting not to seek reappointment. Chairman Rajiv Kumar has briefed RBI Governor Sanjay Malhotra on the succession plan, with a new chief executive to be named before Jagdishan’s exit.
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Economy7/19/2026
New Cybersecurity Framework Proposed for Financial Sector
Parliament discusses a stringent cybersecurity mandate to protect Indian banks from escalating international threats.
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Economy7/19/2026
Foreign Direct Investment Reaches Record High in Q3
Technology and manufacturing sectors drive a massive surge in FDI, signaling strong global confidence.
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Economy7/19/2026
Central Bank Unveils Digital Currency Pilot Expansion
The digital rupee pilot program expands to 15 more cities, pushing the economy further toward cashless transactions.
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Economy7/19/2026
Rupee Surges Against Global Currencies Following Tech Export Boom
Boosted by massive technology and AI exports, the Indian Rupee has seen a historic surge.
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