Economy news

• Export credit boost: Banks clear Rs 3,362 crore under CGSE in first month; 774 exporters covered

  10-01-2026 18:09 via timesofindia.indiatimes.com
  
  Exporters are receiving a significant boost with Rs 3,361.83 crore sanctioned under the Rs 20,000-crore Credit Guarantee Scheme for Exporters within its first month. This initiative aims to support businesses facing global trade headwinds, offering substantial credit guarantees to eligible exporters, including MSMEs, to enhance their competitiveness.
  
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• Credit curbs: US banks flag risks to lending as Trump pushes 10% cap on card rates; consumers, small firms may take hit

  10-01-2026 17:13 via timesofindia.indiatimes.com
  
  US banks are raising concerns over President Trump's proposed 10% cap on credit card interest rates, warning it could limit credit access and harm consumers and small businesses.Industry groups argue such a move would be devastating and push users towards riskier alternatives, despite shared goals of affordability.
  
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• Indian Railways timetable 2026: 549 trains sped up, 122 new added; what TAG 2026 means for passengers

  10-01-2026 16:25 via timesofindia.indiatimes.com
  
  Indian Railways introduces a major timetable change, TAG 2026. This plan adds 122 new trains and speeds up 549 existing services across the country. The goal is to reduce travel times and improve punctuality. New Vande Bharat and Amrit Bharat trains are part of this expansion.
  
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• Service charge row: CCPA cracks down on 27 restaurants for mandatory levy; refunds, penalties ordered

  10-01-2026 15:17 via timesofindia.indiatimes.com
  
  The Central Consumer Protection Authority (CCPA) has taken action against 27 restaurants nationwide for mandatorily levying service charges, deeming it a violation of consumer law. Fines up to Rs 50,000 were imposed, with directions to refund collected charges and modify billing systems to prevent default additions.
  
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• Oil Not Well: Why ExxonMobil thinks Venezuela is 'uninvestable'

  10-01-2026 14:45 via timesofindia.indiatimes.com
  
  This collapse is central to the scepticism voiced by oil companies. Restoring production on a meaningful scale is not a matter of restarting wells. It would require rebuilding pipelines, upgraders, refineries, power supply and skilled manpower, all of which demand long-term capital commitments.
  
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• Infra push: Andhra Pradesh Cabinet clears Dagadarthi greenfield airport in Nellore; to become state’s 8th airport

  10-01-2026 13:35 via timesofindia.indiatimes.com
  
  Andhra Pradesh's Cabinet has greenlit the Dagadarthi greenfield airport in Nellore, boosting the state's aviation and industrial infrastructure. This eighth airport will enhance connectivity to major ports and highways, fostering growth in manufacturing, exports, and agri-logistics.
  
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• Digital payments push: PhonePe PG rolls out ‘Bolt’ for Visa, Mastercard cards; enables one-click in-app checkout

  10-01-2026 12:32 via timesofindia.indiatimes.com
  
  PhonePe Payment Gateway has launched 'PhonePe PG Bolt' for Visa and Mastercard transactions, enabling a faster and more secure in-app checkout experience. The solution utilizes device tokenization to allow users to save cards once and use them across integrated merchants.
  
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• Aviation Accident Watchdog Recommends ATC Video Recording At International Airports

  10-01-2026 11:57 via zeenews.india.com
  AAIB said in the report that “Safety recommendation is made to analyse the controller’s actions post any incident or accident,” emphasising the need for priority implementation at international airports in the country. 
  
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• Trade talks: India, EU push officials to fast-track FTA negotiations; here's what commerce ministry said

  10-01-2026 11:37 via timesofindia.indiatimes.com
  
  India and the European Union are pushing to finalize their free trade agreement. Officials met in Brussels to review progress and resolve outstanding issues. Both sides have expressed strong political will to conclude the negotiations soon.
  
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• Nifty Delivers 10.5% Annual Return Despite Weak December; Metals, Autos Outperform

  10-01-2026 11:28 via zeenews.india.com
  The report showed that the Nifty generated an annual return of 10.51 per cent, even as broader markets remained largely range-bound in December. Short-term market movements were mixed, though sectors such as metals and automobiles continued to outperform over longer horizons.
   
  
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• India-EU FTA: Piyush Goyal wraps up Brussels visit; talks focused on expediting agreement

  10-01-2026 10:48 via timesofindia.indiatimes.com
  
  India and the European Union advanced their Free Trade Agreement discussions during Minister Piyush Goyal's Brussels visit. Both sides committed to resolving outstanding issues to expedite a balanced agreement protecting farmers and MSMEs while integrating Indian industries into global supply chains. Goyal also visited Liechtenstein to discuss the India-EFTA TEPA, encouraging investment and collaboration.
  
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• India, EU Reaffirm Strong Political Resolve To Address Pending Issues Towards Free Trade Pact

  10-01-2026 09:34 via zeenews.india.com
  During the latest ministerial-level discussions, both sides emphasised the strategic importance of concluding a fair, balanced, and ambitious agreement that aligns with their shared values, economic priorities, and commitment to a rules-based trading framework, said Ministry of Commerce and Industry in a statement.
   
  
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• Long-term planning driving India's energy readiness, says Hardeep Puri

  10-01-2026 09:33 via timesofindia.indiatimes.com
  
  Union Minister for Petroleum and Natural Gas Hardeep Singh Puri highlighted that the government's long-term energy planning is translating into tangible benefits for citizens, stating that the real test of policy lies in how seamlessly it supports daily life rather than in announcements alone.
  
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• India’s Energy Planning Validated In Real-World Conditions, Infra Nearly Doubles In 10 Years: Minister

  10-01-2026 08:52 via zeenews.india.com
  In a social media post on the X platform, Puri said India's natural gas pipeline length has nearly doubled from 15,000 km in 2014 to 25,429 km today, with 33,475 km planned, proving "preparation is ahead of demand."
   
  
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• Trump’s 500% tariff pressure & global crude supply shock risks: Where does India’s oil security stand?

  10-01-2026 08:40 via timesofindia.indiatimes.com
  
  Amidst Trump's 500% tariff threat, it's important to note that despite heavy import dependence, India’s energy security has strengthened through diversified crude sourcing and greater refining flexibility, improving resilience to external supply shocks.
  
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• SEBI Proposes Unified Trading Rulebook To Simplify Rules, Cuts Compliance Burden

  10-01-2026 08:34 via zeenews.india.com
  The consultation paper recommended merging overlapping provisions on trading, price bands, circuit breakers, bulk and block deal disclosures, call auctions and liquidity enhancement schemes, according to an official statement.
   
  
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• US Supreme Court ruling: Treasury has enough funds if Trump’s tariffs are struck down; when refunds could begin

  10-01-2026 08:28 via timesofindia.indiatimes.com
  
  Treasury Secretary Scott Bessent stated the department has ample funds for tariff refunds if the Supreme Court rules against President Trump's emergency tariffs, though payments could take over a year. He expressed doubt about such a ruling, calling potential refunds a "corporate boondoggle" if companies passed costs to consumers.
  
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• PF Withdrawal Gets UPI Boost: EPFO Plans Instant Money Withdrawal Via BHIM App

  10-01-2026 07:47 via zeenews.india.com
  Once the request is authenticated and approved, the money could be credited instantly to the member’s UPI-linked bank account—similar to a regular UPI transfer.
  
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• Big Blow For Homebuyers: RERA Rules Interest Is The Only Compensation For Project Delays

  10-01-2026 07:34 via zeenews.india.com
  The regulator stated that while developers are obligated to pay interest for delays in handing over possession, buyers are not entitled to additional monetary compensation unless they can prove specific financial losses caused by the delay.
   
  
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• US 500% tariff threat: Garment exporters will ‘have to take risk’; traders brace for next shock

  10-01-2026 06:51 via timesofindia.indiatimes.com
  
  Indian garment makers face a potential 500% US tariff threat, jeopardizing export prospects for the fall-winter cycle. Buyers are hesitant, and the industry is still recovering from previous 50% duties. Manufacturers are proceeding with production despite uncertainty, fearing a 500% tariff would effectively halt exports to the US.
  
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• PF Withdrawal Gets UPI Boost: EPFO Plans Instant Money Transfer Via BHIM App

  10-01-2026 05:59 via zeenews.india.com
  Once the request is authenticated and approved, the money could be credited instantly to the member’s UPI-linked bank account—similar to a regular UPI transfer.
  
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• ‘If you want to go in…’: Oil chiefs express caution as Trump pushes oil plan — what happened at the meeting

  10-01-2026 05:50 via timesofindia.indiatimes.com
  
  President Trump met with oil executives to discuss investments in Venezuela's oil sector following President Maduro's capture, presenting the country as secure for business. Industry leaders expressed caution, with one stating Venezuela is currently "uninvestable" without significant reforms. The US administration plans to manage company access to Venezuela's oil resources, sidelining Caracas from negotiations.
  
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• Selling Gold After A 75% Rise? Understand LTCG, STCG And How To Protect Your Profits

  10-01-2026 05:28 via zeenews.india.com
  Understanding how gold is taxed and using available exemptions can help you retain more of your earnings.
   
  
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• Won't let US public be ripped off! Trump puts 10% cap on credit card interest rates; slams 'sleepy Joe' admin

  10-01-2026 03:01 via timesofindia.indiatimes.com
  
  President Donald Trump announced plans to cap credit card interest rates, aiming to alleviate consumer affordability issues. He stated that credit card companies will be prohibited from charging interest rates of 20% to 30% or higher, criticizing the previous administration for allowing these rates to persist.
  
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