Govt allows duty-free imports of 1 million tons of raw sugar, signals price relief

India relaxes rupee trade rules to expand export benefits for businesses

India has eased its rupee trade settlement rules, expanding the scope of eligible payments for exporters. The policy change, highlighted by economic think tank Global Trade Research Initiative (GTRI), means rupee payments received for exports to countries beyond Nepal and Bhutan will now qualify for Foreign Trade Policy (FTP) benefits. These payments can also be counted toward fulfilling export obligations, offering exporters greater flexibility. The move is seen as providing an alternative mechanism for exporters navigating international trade settlements in Indian rupees.

India's Solar Cell Production Capacity Expected to Triple by December 2027

India is preparing to significantly expand its domestic solar cell manufacturing capacity in the coming years. The expansion is driven by new investments aimed at complying with local-content regulations and addressing existing supply gaps. A substantial increase in solar cell output is anticipated by December 2027. The push is part of a broader strategy to strengthen long-term energy resilience and reduce supply shortfalls. The evolving market is expected to better meet domestic demand as these new capacities come online.

2026 US Open to pay singles champions record $5.5m in $108m prize pool

The 2026 US Open will distribute a record $108 million in total player compensation, marking a landmark moment in tennis history. Singles champions at the tournament will each take home $5.5 million, a substantial rise from previous payouts. Even players eliminated in the first round will receive a record $140,000, reflecting a sweeping increase across all prize tiers. Alongside the prize money boost, organizers announced a new player support program to enhance financial assistance for competitors. A Grand Slam Player Council was also established to give players a greater voice in tournament-related decisions.

Parliamentary panel identifies critical gaps at NGT, recommends urgent reforms