Centre Finalises New Model BIT with 3-Year Local Remedy; 4-5 Pacts Including Canada Soon

PM Modi Chairs 4th CCS Meet on West Asia Crisis: Supply Chain, Seafarers Safety, Fertiliser Stock Reviewed

This 4th special Cabinet Committee on Security (CCS) meeting signals India's proactive stance on securing energy and fertiliser supply chains amid multiple conflicts near the Strait of Hormuz, Red Sea, Black Sea, and Gulf of Aden. For exam aspirants, it links to energy security, geopolitics, and institutional mechanisms of the CCS. Prelims can test composition of CCS and number of meetings; Mains can explore India's strategy for supply chain resilience.

Govt Collects Rs 10,463 Cr from Gold, Silver, Platinum Duty Hike (May 13-Aug 2, 2026)

The central government raised customs duty on gold, silver, and platinum on May 13, 2026, to curb imports and protect the rupee amid West Asia crisis. Within under 3 months (May 13-Aug 2), it collected Rs 10,463 crore in additional revenue, with gold alone contributing Rs 10,040 crore. This is a high-yield fiscal move with direct Prelims and Mains implications for Economy and Trade.

India's 8% GDP Growth Amid West Asia Shock; Structural Reforms Key for Sustained Growth

India's GDP growth is expected at 8% despite the West Asia conflict, driven by fiscal-monetary stimulus and export growth. However, fixed investment remains stagnant at 32% of GDP, and corporate capex is low. The article stresses urgent structural reforms to boost consumption, exports, and private investment for long-term growth. Essential for understanding current economic challenges and policy priorities.

JCR Upgrades India's Sovereign Rating to A-; Finance Ministry Welcomes Move Citing Strong Growth

Japan Credit Rating Agency (JCR) upgraded India's sovereign rating to 'A-' from 'BBB+', citing high growth (~7%), growth-oriented policies (digital infrastructure, GST), and improved financial system (NPA ratio below 2%). This upgrade lowers India's future borrowing costs and interest burden, a positive signal for fiscal health and investor confidence.

Govt Dilutes FDI Norms for China, E-Commerce; Anti-Dumping Rejection Rate Hits 41.5%

India is gradually relaxing FDI rules for Chinese-owned companies and e-commerce inventory norms to attract investment and boost exports, while simultaneously rejecting a record share of anti-dumping duty recommendations — a strategic shift to balance economic interests with geopolitical tensions.

Tax Exemptions for Foreign Firms Extended to 2041, Boost for Apple's India iPhone Manufacturing

India has extended tax exemptions for foreign companies supplying machinery to contract manufacturers until 2041, a major win for Apple which is scaling iPhone production. The move also covers component storage in customs-bonded areas and eases rules for data centers, aiming to boost manufacturing and exports.

India-Canada CEPA Talks: 5th Round From Oct 5, $70B Trade Target by 2030

India and Canada are fast-tracking negotiations for a Comprehensive Economic Partnership Agreement (CEPA) with the fifth round starting October 5, 2026. Both sides aim to conclude by end of 2026 and double bilateral trade to $70 billion by 2030, up from $30.4 billion in 2025. This signals India's proactive trade diversification strategy, relevant for IR and Economy syllabus.

MNRE Allows 4-Month Extension for Renewable Energy Projects Citing West Asia War as Force Majeure

The Ministry of New and Renewable Energy (MNRE) has allowed renewable energy projects scheduled for commissioning on or after February 28, 2026, an extension of up to four months, citing the West Asia conflict as a force majeure event. This follows the Finance Ministry's classification of the situation as a war, impacting project timelines due to supply chain disruptions in critical materials like galvanized steel and solar glass. The move is crucial for India's renewable energy targets, as solar capacity addition slowed in the April-June 2026 quarter to 11.8 GW, down 18.1% from the previous quarter.