Economy news

• Indian High Commissioner meets Kenya's Prime Cabinet Secretary; sides agree to convene Joint Commission for Cooperation

  13-01-2026 06:54 via timesofindia.indiatimes.com
  
  High Commissioner of India to Kenya Adarsh Swaika met Kenya's Prime Cabinet Secretary and Cabinet Secretary for Foreign and Diaspora Affairs Musalia W Mudavadi on Monday, with both sides agreeing to convene the Kenya-India Joint Commission for Cooperation in New Delhi as part of efforts to further strengthen bilateral ties between the two nations.
  
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• New income tax rules 2026: Simpler returns, stricter documentation — Key changes for taxpayers

  08-02-2026 07:24 via zeenews.india.com
  A major focus of the draft rules is to make income-tax return (ITR) filing simpler under the new law. The government has clearly spelled out formulas and valuation methods in advance especially for salary income, perks, capital assets and foreign income. This is expected to reduce confusion and limit disputes while filing returns.
  
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• UAE redundancy: Can you skip your notice period on being terminated or do employees have to serve it under UAE Labour Law?

  08-02-2026 07:01 via timesofindia.indiatimes.com
  
  Employees in the UAE facing redundancy must serve their notice period. Skipping this can lead to financial penalties. Employers also have obligations regarding notice. The law applies to both employer-initiated terminations and employee resignations. Job search leave is available during the notice period. Understanding these rules ensures a smooth transition.
  
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• UAE 2026 investment guide: Step-by-step tips to buy an off-plan property in Dubai, with costs and risks

  08-02-2026 06:20 via timesofindia.indiatimes.com
  
  Buying off-plan property in Dubai offers strategic entry into the market with flexible payment plans and potential price appreciation. Read on as we outline the process, from developer research and DLD/RERA registration to understanding costs, signing SPAs and navigating handover. While offering benefits like lower entry prices and customisation, buyers must be aware of risks such as construction delays and market fluctuations.
  
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• US trade deal boosts India’s target of $250 billion engineering exports by 2030

  08-02-2026 05:53 via zeenews.india.com
  The US will cut tariffs on Indian goods to 18 per cent. Additionally, India will also get a preferential tariff rate quota for automotive parts. This is set to help the engineering exports sector regain its competitiveness in the US market. 
  
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• Mahindra Thar 3-door vs 5-door Thar Roxx: Which SUV is better? Price, engine, rugged look, features, comfort and space compared

  08-02-2026 05:51 via zeenews.india.com
  Mahindra Thar 3-door vs 5-door: Both SUVs offer rugged looks and strong off-road capability, but the Thar 5-door comes with a more spacious cabin and a boot space of 447 litres.
  
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• India offers limited access to agri goods; protects staples, dairy

  08-02-2026 00:48 via timesofindia.indiatimes.com
  
  India and the US have finalized the first phase of a trade deal, leading to reduced reciprocal tariffs on Indian exports to 18%. This move benefits labor-intensive sectors like textiles and leather, while India has carefully opened up to American imports, protecting sensitive agricultural and dairy products. Several Indian food items will also gain zero-duty access to the US market.
  
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• After year of turmoil, Indian diamonds and gems set to shine in US markets

  08-02-2026 00:12 via timesofindia.indiatimes.com
  
  India and the US have agreed to an interim trade framework granting zero-duty access for diamonds and colored gemstones. This move is seen as a critical inflection point for the Indian gems and jewellery sector, aiming to reverse a significant decline in exports to the US market and restore competitiveness.
  
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• India-US trade deal: Interim pact brings 'certainty and clarity' for pharma sector

  08-02-2026 00:08 via timesofindia.indiatimes.com
  
  An interim India-US trade arrangement offers clarity to India's pharma sector, keeping medicines out of reciprocal tariffs. Washington has signaled negotiated outcomes for generics under the Section 232 investigation, which examines imports for national security threats. This agreement is seen as reassuring for strengthening the partnership and ensuring medicine security.
  
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• Trade deal: Aviation suppliers eye greater access to US

  07-02-2026 23:31 via timesofindia.indiatimes.com
  
  A landmark Indo-US trade deal is poised to significantly boost India's aerospace exports, potentially doubling sourcing for giants like Boeing. Zero-duty access for components will place India on par with established aerospace supply chains, with Indian carriers expected to place substantial aircraft orders.
  
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• India, US signal intent to counter China's economic dominance

  07-02-2026 23:20 via timesofindia.indiatimes.com
  
  India and the US are strengthening economic security alignment to enhance supply chain resilience and innovation, addressing non-market policies of third parties. This move signals a synchronized strategy to reduce China's global manufacturing dominance in key sectors like semiconductors and green energy, building on previous commitments.
  
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• India-US trade deal: Harley, Tesla to benefit, but no risk to desi firms

  07-02-2026 23:17 via timesofindia.indiatimes.com
  
  US auto giants Harley Davidson, Jeep, and Tesla are poised to benefit from a new trade deal with India. The agreement offers reduced import duties on specific high-engine capacity motorcycles and cars, with concessions for Harley Davidson's 800-1,600cc bikes and a phased duty reduction for vehicles over 3,000cc, potentially boosting Tesla and Jeep's market presence without impacting domestic manufacturers.
  
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• Dramatic turnaround: From brink of collapse, PM Modi & Trump deliver a deal

  07-02-2026 23:03 via timesofindia.indiatimes.com
  
  India and the US have reached a breakthrough interim trade agreement, a significant shift from recent tensions. This deal, a precursor to a larger pact, offers advantages to India's MSME and labor-intensive sectors. Negotiators successfully resisted pressure on sensitive agricultural imports, a move likely to please the US president's base ahead of mid-term polls.
  
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• The $500 billion question: What will India import?

  07-02-2026 22:57 via timesofindia.indiatimes.com
  
  India aims to import $500 billion in US goods over five years, but success hinges on American suppliers meeting demand.While oil and coal imports are set to rise, high-tech items like chips and aircraft face supply chain challenges.Indian buyers and US sellers must collaborate to achieve this ambitious trade target.
  
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• Farmers question import of animal feed, soybean oil

  07-02-2026 22:44 via timesofindia.indiatimes.com
  
  India's decision to import animal feed like DDGs and soybean oil from the US has sparked farmer concerns, who fear the products originate from genetically modified crops. While the government assures that all domestic crops remain safe and GM traces are eliminated post-processing, farm organizations are seeking greater clarity on the agreement's implications for local agriculture and farmer incomes.
  
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• India stands its ground on dairy, agri products

  07-02-2026 22:30 via timesofindia.indiatimes.com
  
  India has reached a trade agreement with the US on agricultural products. Tariffs will be reduced on several American food items like tree nuts and fruits. However, India will maintain protection for its dairy and genetically modified crops. This deal aims to balance trade interests for both nations, opening new avenues for Indian exports.
  
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• Why it works for both sides: Relief for exports, choices for agriculture

  07-02-2026 22:27 via timesofindia.indiatimes.com
  
  A US-India joint statement signals a potential trade deal, with the US set to significantly drop import duties on Indian goods. This move is expected to boost India's labor-intensive sectors, while India will reduce tariffs on US agricultural products and industrial goods, fostering mutual benefit.
  
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• Govt rolls out draft rules to simplify income tax filing

  07-02-2026 21:51 via timesofindia.indiatimes.com
  
  The income tax department has released draft rules aimed at simplifying tax filing and compliance for individuals and companies, effective April 1. These rules emphasize faceless assessments and reduced disputes, with simplified language and redesigned forms for easier taxpayer understanding. The draft is open for public feedback until February 22.
  
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• What is Dakar rally: Inside world’s longest 8,000 km off-road motor vehicle race; Cars, bikes and trucks go beyond limits here; ‘The survival battle’

  07-02-2026 16:39 via zeenews.india.com
  Dakar rally: The Dakar Rally is one of the world’s toughest off-road races. It is a multi-stage event covering almost 8,000 kilometres over deserts, dunes, rocks, and rough terrain.
  
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• Railways to construct new underground rail line to enhance connectivity in NE

  07-02-2026 16:39 via zeenews.india.com
  It will incorporate advanced technologies such as a 2×25 kV AC electrification system, Automatic Signalling (Standard-IV) with VOIP-based communication, bridges designed to RDSO 25-ton axle load standards. 
  
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• New draft Income Tax rules 2026 released: Simplified ITR forms, focus on easier compliance - what common taxpayers should know

  07-02-2026 15:27 via timesofindia.indiatimes.com
  
  In her Union Budget 2026 speech on February 1, FM Nirmala Sitharaman had said, “The simplified Income Tax Rules and Forms will be notified shortly, giving adequate time to taxpayers to acquaint themselves with its requirements. The forms have been redesigned such that ordinary citizens can comply without difficulty.”
  
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• What is Dakar rally: Inside world’s longest 8,000 km off-road motor vehicle rally; Cars, bikes and trucks go beyond limits here; ‘The survival battle’

  07-02-2026 15:11 via zeenews.india.com
  Dakar rally: The Dakar Rally is one of the world’s toughest off-road races. It is a multi-stage event covering almost 8,000 kilometres over deserts, dunes, rocks, and rough terrain.
  
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• Income Tax department issues draft rules for new Income Tax Act 2025

  07-02-2026 14:46 via zeenews.india.com
  The draft rules aim to simplify tax compliance, reduce complexity, and make filing returns easier for individuals and businesses. Authorities have proposed redesigned income-tax return (ITR) forms and clearer procedures to improve the overall taxpayer experience.
   
  
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• US deal to play pivotal role in India achieving USD 100 billion textiles exports in 2030

  07-02-2026 13:26 via zeenews.india.com
  The deal is expected to provide the requisite momentum, with the US to contribute to more than one-fifth of this target, according to Ministry of Textiles.
   
  
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• 8th Pay commission survey 2026: Website live, Last date March 16— Link inside

  07-02-2026 13:13 via zeenews.india.com
  In a statement published on its official website, the 8th Central Pay Commission explained that it is seeking detailed feedback from a wide range of stakeholders to better understand key concerns and expectations.
  
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• Interim agreement on framework will lead to broader US-India trade deal negotiations

  07-02-2026 11:53 via zeenews.india.com
  The framework will lead to the broader US-India Bilateral Trade Agreement (BTA) negotiations, launched by President Trump and PM on February 13 last year.
   
  
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• 'Will not hurt farmers, MSMEs': Piyush Goyal says India 'fully protected' in US trade deal

  07-02-2026 10:41 via timesofindia.indiatimes.com
  
  Commerce Minister Piyush Goyal assured that the India-US trade deal safeguards Indian farmers, MSMEs, artisans, and craftsmen.He highlighted zero-duty exports for Indian agricultural products to the US, while no such concessions were made for US agricultural imports. The agreement aims to boost Indian exports, create jobs, and enhance domestic manufacturing by reducing tariffs on key sectors.
  
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• India-US trade deal: What it means for the tech and digital sector? Data center collab, GPUs & more

  07-02-2026 10:40 via timesofindia.indiatimes.com
  
  India and the United States have inked an interim trade deal, paving the way for enhanced collaboration in digital trade and technology. The agreement includes India's commitment to purchase $500 billion in US energy products, aircraft, and technology over five years. This pact aims to boost India's digital ecosystem and position it as a hub for AI and data services.
  
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• From agricultural protection to preferential quota on auto: What each sector got in India-US trade deal

  07-02-2026 10:32 via timesofindia.indiatimes.com
  
  India and the US have agreed on an interim trade framework, outlining tariff cuts and market access for manufacturing and industrial goods, while safeguarding sensitive agricultural and dairy sectors. This pact aims to ease trade tensions and pave the way for a broader Bilateral Trade Agreement.
  
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• ‘Child’s future can’t be monthly burden’: Noida doctor flags impact of soaring school fees on families

  07-02-2026 09:56 via zeenews.india.com
  For many parents, rising school fees are not just figures on a receipt but they carry an emotional cost too. Dr Shraddhey Katiyar, a Noida-based doctor, recently shared a heartfelt post on X, drawing attention to the silent stress families experience as education expenses continue to climb. His words struck a chord with many parents who see their own struggles reflected in the issue.
  
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