Amal Anzari

The India-Sri Lanka Free Trade Agreement, launched in 2000, aims to expand into a Comprehensive Economic Partnership, while SAFTA and India-Bhutan trade agreements bolster regional commerce.

Highlights include PM Modi attending the BRICS summit in Russia, India strengthening global ties through education partnerships with Singapore and Australia, naval exercises with Quad nations, and plans for a critical mineral partnership with the US.

India and Turkey announced the constitution for the Indo-Turkiye Friendship Association (ITFA) to foster cooperation in economy & trade, culture & tourism, science & technology, and education between the two countries.

The government announced its plan to sell up to a 5% stake in Cochin Shipyard through an Offer for Sale (OFS) aimed at raising approximately $244 million (Rs 2,026 crore). The sale will begin on Wednesday for non-retail investors and will open to retail investors on Thursday, with a

India’s Adani Power Ltd, Jindal Power Ltd, Vedanta Group and Orissa Metaliks Pvt Ltd are among seven companies that have made a formal bid to take over the distressed 1,350 MW Sinnar Thermal Power Ltd.

The Reserve Bank of India (RBI) Governor, Shaktikanta Das, said RBI could consider widening the scope of the Real Time Gross Settlement System (RTGS) to the settlement of transactions in US dollars, euros and pound sterling.

The Minister of Petroleum and Natural Gas, Hardeep Singh Puri, said India is set to achieve its 20% ethanol blending target well before the revised October 2025 deadline.

The Centre has launched its National Electricity Plan (Transmission) setting renewable energy targets for 2030 and 2032 at 500 GW and 600 GW respectively. The plan is set to attract ₹9.15 lakh crore ($108.9 billion) investments by 2032.