Commerce and Industry Minister Piyush Goyal met EU Trade Commissioner Maros Sefcovic on the sidelines of the G20 Trade Ministers’ Meeting in Milwaukee to review progress towards the signing and entry into force of the India-EU free trade agreement. The two sides also discussed the Trade and Technology Council, WTO reforms and shared G20 priorities.
The Finance Ministry has kept interest rates on small savings schemes unchanged for the October-December quarter of FY2026-27. PPF will continue to offer 7.1 per cent, Sukanya Samriddhi Yojana 8.2 per cent and NSC 7.7 per cent interest, providing stability to depositors.
SEBI Chairman Tuhin Kanta Pandey said the market regulator is not currently considering any proposal to allow stock exchanges such as NSE and BSE to trade in their own shares. He also discussed bond indices, derivatives, FPI onboarding and listing compliance.
Commerce and Industry Minister Piyush Goyal said the India-US economic relationship is moving beyond traditional trade into investment, manufacturing, technology, innovation and high-value capabilities. During his US visit for the G20 Trade Ministers’ Meeting in Milwaukee, Goyal also engaged with American manufacturing and technology leaders and is scheduled to hold discussions with US Trade Representative Jamieson Greer on the India-US Bilateral Trade Agreement.
India’s fiscal deficit stood at Rs 7.10 lakh crore during April-August 2026, accounting for 41.9 per cent of the FY27 Budget Estimate, according to government data. The Centre has targeted a fiscal deficit of 4.3 per cent of GDP for FY27 and plans to borrow Rs 7.86 lakh crore in the second half of the fiscal year.
SEBI Chairman Tuhin Kanta Pandey said portfolio management services (PMS) in India have the potential to grow at more than 20% annually as wealth creation and investor participation deepen. He also highlighted the distinct roles of PMS, mutual funds and alternative investment funds in India’s evolving investment landscape.
Tata Trusts Chairman Noel Tata has sought a review of Tata Sons’ restructuring plan as the group looks to avoid a stock market listing. The proposal involves merging Tata Electronics Systems Solutions and Tata Consulting Engineers with Tata Sons, amid ongoing regulatory requirements from the RBI.
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