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RECENT NEWS

RBI eases export-declaration compliance for individual service exporters
RBI eases export-declaration compliance for individual service exporters

The Reserve Bank of India (RBI) has clarified the requirements for submitting the Export Declaration Form (EDF) for exporters of services. Under the latest amendment, resident individuals will be deemed to have submitted the EDF once they provide the required payment-related information to their authorized dealer (AD) bank.

November 03, 2026

Petrol and diesel prices remain broadly steady across major Indian cities
Petrol and diesel prices remain broadly steady across major Indian cities

Petrol and diesel prices today, November 3: Petrol and diesel prices remained largely steady across significant cities today, with the Centre eliminating the additional excise duty applicable to petrol exports. as reported by a Finance Ministry notification, under the revised structure effective from October 31, the export duty on petrol was reduced to ₹ 0 per litre from ₹2.

November 03, 2026

India proposes more import entry points for drugs and medical devices
India proposes more import entry points for drugs and medical devices

New Delhi The Union Health Ministry has proposed expanding the network of authorised import gateways for drugs, medical devices and cosmetics by adding several inland container depots, a special economic zone and an international airport to facilitate faster clearance and improve supply chain efficiency. The proposed amendment to Rule 43A of the Drugs Rules, 1945, seeks to include additional entry points in Haryana, Uttar Pradesh, Gujarat, Telangana and Karnataka, as reported by a gazette notification issued by the

November 03, 2026

RECENT NEWS

US Buildings Threatened by Wildfires Could Triple by 2060
US Buildings Threatened by Wildfires Could Triple by 2060

A new study published in Nature Communications projects that the number of buildings across the contiguous United States threatened by wildfires could almost triple by 2060. Researchers attribute this escalating risk to a combination of climate change, forest mismanagement, and continued development in fire-prone areas, warning that socioeconomically vulnerable communities face disproportionate dangers.

November 03, 2026

RECENT NEWS

Korea’s Labor Share of GDP Hits Record Low Amid Semiconductor Boom
Korea’s Labor Share of GDP Hits Record Low Amid Semiconductor Boom

South Korea’s labor share of gross domestic product has fallen to its lowest level since comparable data began in 2010, hitting 41.1% in the second quarter. This decline coincides with a surge in corporate profits driven by the semiconductor industry, prompting experts to call for government intervention to address growing economic polarization.

November 03, 2026