๐ฎ๐ณ India’s Top 10 News (01 October 2025)
1. India Extends RoDTEP Export Incentive Scheme to March 2026
The Indian government has extended the Remission of Duties & Taxes on Export Products (RoDTEP) scheme until March 2026. The scheme reimburses exporters for state, central, and local taxes not refunded otherwise. This extension is welcomed by exporters struggling with global headwinds and rising input costs. The move aims to sustain export momentum ahead of trade deals. Source: Reuters
2. India’s Trade Pact with EFTA Comes into Force
India’s Trade & Economic Partnership Agreement with the EFTA bloc (Switzerland, Norway, Iceland, Liechtenstein) comes into effect, cutting tariffs on over 90% of products. It is expected to boost export growth, especially in textiles, leather, and food, and potentially draw significant foreign investment over the next decade. Source: Reuters
3. Rupee Hits Record Low Amid U.S. Policy Friction
The Indian rupee slid to an all-time low against the dollar, pressured by unresolved trade tensions with the U.S., increased dollar demand, and negative capital flows. The RBI has intervened in the foreign exchange market to curb volatility and stabilize sentiment. Source: Reuters
4. Gold & Silver Imports Spike Despite Record Prices
In September, India’s imports of gold and silver nearly doubled from August, despite record metal prices. Jewelers and banks rushed inventories ahead of festivals, clearing large volumes through customs. The surge may widen trade deficit and put further pressure on the rupee. Source: Reuters
5. RBI Raises Overseas Perpetual Debt Limit for Banks
The Reserve Bank of India has updated rules to allow banks to raise more perpetual (Lower Tier-1 / AT1) debt in foreign markets and count it toward their core capital, up to 1.5% of risk-weighted assets. This gives banks greater flexibility to shore up capital through international sources. Source: Reuters
6. RSS Centenary: PM to attend event, commemorative stamp & coin
Prime Minister Narendra Modi is slated to attend the 100th anniversary celebrations of RSS at Delhi’s Dr. Ambedkar International Centre on 1 October. A commemorative stamp and coin will also be released during the event. Source: Times of India
7. EC Prepares for Bihar Poll Dates, Likely Oct 6-7 Announcement
The Election Commission is gearing up to announce assembly poll dates for Bihar, expected on October 6 or 7. The final electoral roll is to be published on September 30, after which observers will visit the state. Source: Times of India
8. Infra.Market Files for IPO via Confidential Route
Infra.Market, a leading construction-supply company, has filed for an IPO via India’s confidential route, which allows some filings to remain private until the offer launch. It recently raised ₹732 crore in a funding round led by Tiger Global and Accel. Source: Reuters
9. India Projects Above-Average Rainfall in October, Crops at Risk
The India Meteorological Department forecasts rainfall in October to exceed 115% of the 50-year average. This could damage summer-sown crops nearing harvest in many regions, especially in central, eastern, and southern India. Source: Reuters
10. India Aims Tax Reforms to Ease Retail Prices, Boost Consumption
According to the RBI’s bulletin, recent GST and indirect tax reforms are expected to lower retail prices on items like air conditioners and toothpaste. This could spur consumer spending and support economic growth. Source: Reuters
๐ฌ What’s your take on these developments? Drop your thoughts in the comments below!
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