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'Russia and India's 96% bilateral trade now through Rupee-Rouble payment infra'
Bilateral trade between India and Russia has surged, reaching $70 billion in 2024, driven significantly by India's purchase of discounted Russian oil amidst Western sanctions following the Ukraine conflict. Crucially, a reported 96% of this trade is now being conducted through a dedicated Rupee-Rouble payment infrastructure, largely bypassing traditional Western financial systems.
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Must ReadWest Asia war LIVE: Iran's army says attacked U.S. bases in Kuwait, UAE
The ongoing conflict in West Asia has escalated significantly, with Iran launching attacks on United States military bases across multiple countries in the region, including Kuwait, the UAE, Jordan, Bahrain, and Iraq's Kurdistan region. This action comes as a direct retaliation to extensive U.S.
![Illustration about Polity & Governance: The [Supreme Court] has issued a notice to the Union government regarding a writ petition that seeks to deny post-retire](/_next/image?url=https%3A%2F%2Fstorage.googleapis.com%2Fprepdose-article-images%2Fdaily-read%2F2026-09-03%2Fsupreme-court-notice-to-centre-on-plea-to-deny-perks-to-judges-resigning-to-avoid-removal-procedure-db30089b.png&w=1200&q=75)
Must ReadSupreme Court notice to Centre on plea to deny perks to judges resigning to avoid removal procedure
The [Supreme Court] has issued a notice to the Union government regarding a writ petition that seeks to deny post-retirement benefits to constitutional functionaries, specifically judges, who resign to evade a formal inquiry or removal process for misconduct. This petition follows the recent resignation of a High Court judge facing an inquiry.
Read on The HinduDive Into Study Notes
Must ReadIndia-New Zealand FTA to come into force next month, grants 100% duty-free access to Indian exports
India and New Zealand signed a Free Trade Agreement (FTA) providing 100% duty-free access for Indian exports and significant tariff reductions for New Zealand exports, while protecting sensitive Indian agricultural sectors. The pact also includes provisions for a $20 billion FDI commitment from New Zealand and expanded mobility for Indian professionals.
Read on Economic TimesDive Into Study Notes![Illustration about Economy: At the 66th annual session of the [Automotive Component Manufacturers Association of India], Commerce and Industry Minis](/_next/image?url=https%3A%2F%2Fstorage.googleapis.com%2Fprepdose-article-images%2Fdaily-read%2F2026-09-03%2Fcritical-minerals-race-india-looks-to-uk-eu-for-supply-chains-6696a26c.png&w=1200&q=75)
Must ReadCritical minerals race: India looks to UK, EU for supply chains
At the 66th annual session of the [Automotive Component Manufacturers Association of India], Commerce and Industry Minister [Piyush Goyal] highlighted India's strategy to secure resilient supply chains for critical minerals. India is engaging with the US, UK, EU, and exploring trade deals with the [Gulf Cooperation Council] (GCC) and Israel to prevent supply chain disruptions and counter the weaponization of trade by any single geography.
Read on Economic TimesDive Into Study Notes![Illustration about Economy: The Union government announced healthcare coverage for gig workers registered on the [e-Shram portal] in the 2025-26 Bud](/_next/image?url=https%3A%2F%2Fstorage.googleapis.com%2Fprepdose-article-images%2Fdaily-read%2F2026-09-03%2Fmajority-of-indias-gig-workers-remain-out-of-the-governments-reach-62a35df8.png&w=1200&q=75)
Must ReadMajority of India’s gig workers remain out of the government’s reach
The Union government announced healthcare coverage for gig workers registered on the [e-Shram portal] in the 2025-26 Budget. However, despite the announcement, data reveals a significant gap between the estimated size of the gig workforce and the number of workers actually registered on the portal, highlighting challenges in measuring and extending social security to this growing sector of the 'new age services economy.'.
Read on The HinduDive Into Study Notes
Must ReadIndia wants tariff edge before signing final US trade deal: Piyush Goyal
Union Minister of Commerce and Industry Piyush Goyal announced that India will only finalise the interim trade deal with the United States after securing a clear preferential tariff advantage over competing manufacturing economies. The proposed agreement, which aims to reduce bilateral tariffs and increase trade, is crucial for India's goal of reaching $1 trillion in goods and services exports and becoming a $30 trillion economy by 2047.
Read on Economic TimesDive Into Study Notes
India's economy shatters a 35-year barrier to enter A-rated club
Japan's Rating and Investment Information (R&I) and Morningstar DBRS, along with S&P Global Ratings, have upgraded India's sovereign rating to the 'A' category for the first time in 35 years. This highlights growing international recognition of India's strong economic fundamentals, improved banking sector, and structural reforms, despite concerns over public debt.
Read on Economic TimesDive Into Study Notes![Illustration about International Relations: The 25th round of [Special Representatives (SRs)] talks on the India-China boundary issue resulted in an 'Eight Points o](/_next/image?url=https%3A%2F%2Fstorage.googleapis.com%2Fprepdose-article-images%2Fdaily-read%2F2026-09-03%2Fearly-harvest-larger-but-not-necessarily-safer-14add183.png&w=1200&q=75)
Must Read‘Early Harvest’ — larger but not necessarily safer
The 25th round of [Special Representatives (SRs)] talks on the India-China boundary issue resulted in an 'Eight Points of Outcomes and Consensus'. This document revived the concept of an 'Early and Substantial Harvest' for boundary delimitation, primarily focusing on the Middle and Sikkim sectors, raising concerns about potential asymmetric outcomes favoring China.
Must ReadUN charts course to manage global warming-limit breach
The United Nations Environment Programme (UNEP) has released a report, 'Limiting Overshoot', detailing an 'overshoot, peak, and decline' pathway for global warming. This acknowledges that breaching the 1.5°C limit set by the [Paris Agreement] is unavoidable, but aims to limit the peak and bring temperatures back down by 2100 through steep emission cuts and nature-based carbon removals.
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