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India-EU trade pact to be signed by Dec; implemented from Feb-Mar next year: Goyal
India's Commerce Minister has announced that a Free Trade Agreement (FTA) with the European Union (EU) is expected to be signed by December 2024 and implemented by early 2025. This 'mother of all deals' aims to provide duty-free access to a vast majority of Indian exports while lowering tariffs on specific EU imports.
Must ReadMilitary strength doesn’t come from dependence on global markets, India seeks to become defence manufacturer: PM Modi
Prime Minister Narendra Modi commissioned three indigenously built naval ships—INS Dunagiri, INS Sanshodhak, and INS Agray—in Kolkata. The commissioning underscores India's push towards 'Aatmanirbhar Bharat' (self-reliant India) in the defence sector, highlighting a strategic shift from being a major defence importer to aiming for domestic manufacturing and global export capabilities.
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Must ReadIndia is now fourth largest economy, says govt.
The Government of India has announced that India has surpassed Japan to become the world's fourth-largest economy, with a [Gross Domestic Product] (GDP) size of $4.18 trillion. India is also reported as the world's fastest-growing major economy, with real GDP growth reaching 8.2% in the second quarter of 2025-26, and is projected to overtake Germany to become the third-largest economy by 2030.
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Must ReadIndia, US to hold ministerial-level talks on bilateral trade pact this week
India and the US are engaged in ministerial-level talks to finalise the first phase of a Bilateral Trade Agreement (BTA). The negotiations are occurring against the backdrop of shifting US tariff policies, including the expiration of temporary tariffs on July 24 and ongoing investigations under Section 301 of the [Trade Act of 1974] regarding forced labour and excess capacity.
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ImportantAmid global uncertainties, parliamentary panel to study evolving economic conditions in India
The Standing Committee on Finance has decided to examine India's evolving economic conditions as an additional subject for the 2025-26 period. This decision comes amidst global uncertainties, including geopolitical conflicts and tariff issues, which are impacting domestic growth and inflation, particularly due to rising fuel and fertilizer costs.
Read on The HinduDive Into Study Notes![Illustration about Economy: The [Ministry of Statistics and Programme Implementation] (MoSPI) and the [Ministry of Commerce and Industry] have recen](/_next/image?url=https%3A%2F%2Fstorage.googleapis.com%2Fprepdose-article-images%2Fdaily-read%2F2026-06-21%2Fwhy-have-indias-statistical-databases-been-upgraded-explained-a6f32e80.png&w=1200&q=75)
Must ReadWhy have India’s statistical databases been upgraded? | Explained
The [Ministry of Statistics and Programme Implementation] (MoSPI) and the [Ministry of Commerce and Industry] have recently undertaken a comprehensive overhaul of India's key economic statistical databases. This extensive upgrade addresses concerns regarding the timeliness, representativeness, accuracy, and coverage of national accounts, industrial output, and inflation metrics.
![Illustration about Polity & Governance: The [Supreme Court of India] is currently hearing cases challenging the Special Intensive Revision (SIR) of electoral ro](/_next/image?url=https%3A%2F%2Fstorage.googleapis.com%2Fprepdose-article-images%2Fdaily-read%2F2026-06-21%2Fwhat-is-the-legal-status-of-right-to-vote-explained-515df5c2.png&w=1200&q=75)
Must ReadWhat is the legal status of right to vote? | Explained
The [Supreme Court of India] is currently hearing cases challenging the Special Intensive Revision (SIR) of electoral rolls in Bihar. This litigation has revived a critical constitutional debate regarding the precise legal characterization of the 'right to vote' in India—specifically, whether it is a fundamental right, a constitutional right, or a purely statutory right.
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Must ReadWhat does the U.S.-Iran agreement say? | Explained
The United States and Iran have signed a memorandum of understanding (MoU) to establish a ceasefire after 40 days of direct military conflict. The agreement includes mutual respect for sovereignty, the lifting of the U.S.
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