EP MONEY

India and the European Union have finalized a free trade agreement that includes a dedicated annexure addressing the EU’s new carbon tax system, according to the Economic Times. The separate clause focuses on the Carbon Border Adjustment Mechanism, known as CBAM, which the EU introduced to ensure imported goods face the same carbon costs as […]

IndiGo, India’s dominant airline with roughly 40 percent of all domestic flights, is reducing the number of aircraft in its fleet as global cost pressures mount. The airline that built its reputation on rapid expansion and low fares is now cutting capacity, a significant shift after two decades of growth. The reduction reflects challenges hitting

India exported $441.75 billion worth of merchandise in FY2025-26, with smartphones, petroleum products and pharmaceuticals accounting for a significant share of the country’s overseas trade. Yet, official export data also reveals a lesser-known side of India’s economy through thousands of niche products shipped across the world. Among the most surprising was human hair, which generated

The government has announced stock limits on sugar across India from August 1 to November 30, a measure designed to prevent traders and retailers from hoarding supplies during the festival season when demand and prices typically surge. The restriction will apply to wholesalers, retailers, and distributors holding sugar at any point in the supply chain.

India’s manufacturing sector accelerated sharply in June, with factory output growing 7.3 percent compared to the same month last year. This is the fastest pace of industrial production growth India has recorded in nearly two years, according to Economic Times. The data covers output across the manufacturing, mining, and electricity sectors, which together form the

Johnson and Johnson announced a proposed settlement of up to 5.5 billion dollars to resolve thousands of lawsuits claiming the company’s talc-based products caused cancer. The settlement comes after years of legal battles in American courts, where juries repeatedly found the company liable for failing to warn consumers about health risks associated with talc use.

The Reserve Bank of India has changed the terms of FCNR deposits, special foreign currency accounts held by non-resident Indians in Indian banks. According to a report by Economic Times, this move could potentially attract up to $85 billion back into India from overseas Indians who currently hold these deposits abroad or in other countries.

The Income Tax department has sent SMS alerts to thousands of taxpayers, asking them to review and correct their foreign asset disclosures before July 31. The alerts follow a data-matching exercise where the IT portal compared what people had declared about overseas holdings, bank accounts, and property with information received from foreign tax authorities and

India is facing scrutiny from other World Trade Organization member nations over how it uses government incentives and import restrictions to encourage local manufacturing. The challenge centers on two main policies: the Production Linked Incentive scheme, which gives financial rewards to companies that manufacture certain products within India, and the Quality Control Order, which sets

Several smaller UPI payment apps have asked the National Payments Corporation of India (NPCI) to hold wider discussions before rolling out UPI Meta, a new payment feature that could change how people pay online. UPI Meta is designed to make digital payments quicker. Instead of opening a UPI app like PhonePe or Google Pay every