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Latest News on Economy Policy, Government, Trade Policy | The HinduBusinessLine

MSME Ministry reviews impact of West Asia crisis on small businesses MoSPI releases uniform guidelines for district domestic product estimates Govt notifies changes in Immigration and Foreigners Rules, 2025 Hindustan Copper approves Lohum deal to restart Gujarat Copper Plant Govt notifies two special economic zones in Puducherry India Inc gets a new CSR avenue through the Zero Coupon Zero Principal instrument Social security push gathers pace as India’s gig workforce expands rapidly Government to launch coal gasification-based urea policy within a month Centre forms panel on demographic change linked to illegal immigration Telangana Cabinet clears new life sciences policy 2026-30 NCLAT says NCLT cannot directly order SFIO investigation under Companies Act CAG urges AI-driven monitoring to detect corruption and bid rigging in government tenders CAFE III norms likely by May-end despite E25 recalibration Centre appoints new senior officials in NTA amid NEET-UG paper leak probe Indian government hikes minimum support prices for kharif crops; raises paddy rate by 3% Government may allow firms to engage up to 25% apprentices with safeguards Government rules out curbs on international card use and gold imports IFGE welcomes Maharashtra Compressed Biogas Policy 2026 India must integrate crude, gas, LPG and battery storage under one policy: S&P Global's Gauri Jauhar India may take middle path, unlikely to remove import duty on cotton India extends MIP on virgin multi-layer paper board till September 2026 Centre appoints Joram Aniya, R Balasubramaniam as NITI Aayog members India allows FDI via automatic route for firms with up to 10% Chinese stake Power Ministry mandates phased rollout of local content in HVDC substations Govt reduces diesel, ATF export duties; no change in petrol duty Vodafone Idea AGR dues cut to ₹64,046 crore as government grants 27% relief India to notify eased FDI norms under FEMA, allows firms with up to 10% China stake Railways, Military, FCI should buy food products from FPOs, recommends NAAS study CII calls for comprehensive reform of industrial land management Cabinet extends PMGSY-III till 2028 with Rs 83,977 crore outlay Govt hikes DA to 60% for central employees and pensioners Govt forms high-level inter-ministerial body to steer AI governance strategy Women’s Reservation Act 2023 comes into force, implementation tied to census and delimitation Green energy players in a fix over ‘retrospective’ component in mechanism to maintain grid discipline EV purchases may be deferred in near term but see sharp uptick in sales after EV policy implementation: Axis Direct Govt enhances C3, C4 allocation for pharma, packaging chemical sectors to 1,000 tonnes/day Lok Sabha expansion to 850 seats: ‘delimitation-first’ model triggers federal concerns China says policy to improve relations with India remains unchanged amid Arunachal naming row West Asia Conflict: Govt hints at 21% ethanol blending PM Modi says Parliament set to amend Women’s Reservation Act for 2029 implementation Delhi EV Policy: Electric 3-Wheelers Only by 2027, 2-Wheelers by 2028 India withdraws bid to host COP33 climate summit in 2028 Coal Ministry allows insurance surety bonds to replace bank guarantees Centre plans ₹2.5 lakh crore credit guarantee scheme to support stressed sectors Government amends mining rules to boost critical mineral exploration and self-reliance West Asia conflict: Centre doubles supply of 5 kg cylinders for migrant labourers India delays induction hob star labelling norms to January 2027 to boost electric cooking Govt raises gas supply to fertiliser units, industries to 90% from April 6 Govt to release ₹17,500 crore LPG compensation to OMCs in FY27 West Asia war may impact India’s exports, Centre works to stabilise supply chains Centre mandates annual iGOT training for employees, links it to appraisal India may cut import duties, regulate exports to ensure domestic supply Scindia sets one-week deadline for postal pension integration with SAMPANN India restricts imports of gold and silver jewellery to curb FTA misuse India exempts pre-2017 investments from GAAR, easing concerns after Tiger Global ruling LS passes insolvency law amendments; FM says bill will help maximise value for stakeholders Govt clears 29 investment proposals worth ₹7,104 cr under Electronics Component Mfg Scheme Centre notifies TV Rating Policy with focus on transparency India notifies gas pipeline order to boost infrastructure and energy security amid Hormuz concerns Government plans bills to implement women’s reservation before delimitation Nirmala Sitharaman to introduce Corporate Laws (Amendment) Bill in Lok Sabha India orders Tata Power's Gujarat plant to run at full capacity amid rising summer demand Government expands CBG scheme to boost gas supply and cut LNG imports Domestic Strength Shields India from $114 Oil Shock: PMEAC Chairman S Mahendra Dev India explores joining FCAS or GCAP sixth-generation fighter jet programmes Cabinet approves ₹33,660 crore BHAVYA scheme to develop 100 industrial parks Cabinet approves ₹2,584 crore small hydro power scheme to add 1,500 MW capacity India activates 1.2 lakh PNG connections as LPG supply faces West Asia disruption Parliamentary panel urges MEA to publish formal foreign policy strategy document India aims for universal health insurance by 2033, 58 crore lives covered in 2024-25 India eases FDI rules, allows firms with up to 10% Chinese shareholding under automatic route TN AVGC policy envisions 2 lakh jobs in emerging industries India plans relief for West Asia exporters Govt asked to explore better substitute for pulses farmers amid complains over lower prices India bars PNG users from keeping or refilling LPG cylinders amid supply concerns Govt rethinks plan to float tenders for 1 GW wind energy projects amid weakening interest India fast-tracks Chinese investment approvals in electronics, solar and battery sectors Union Cabinet approves amendments to insolvency law and Companies Act 2026 Government invokes Essential Commodities Act to secure LPG supply amid West Asia tensions India’s wheat output pegged at record high 120 mt on higher acreage, conducive weather India may set up labs to certify natural farming produce, says Narendra Modi Govt will use every policy tool to help exporters deal with West Asia crisis: Goyal Defence Acquisition Board clears ₹1 lakh crore plan for 60 IAF transport aircraft NSIC upgraded to Schedule A CPSE by MSME Ministry CDSCO eases drug testing approvals, new fast-track system from June 1, 2026 Accountability of agritech companies in issuing advisories a big challenge India to finalise legal text of interim trade agreement with US in March India maintains ban on e-cigarettes in blow to Philip Morris India to continue importing oil from cheapest sources; US, EU trade deals discussed India may allow US pulses like ‘masur’ at zero duty India and Canada agree on shared security and law enforcement work plan Maharashtra will unveil seven new industrial policies to boost growth: Fadnavis Micro-Economic Impact of Budget: Panelists concerned over state finances, laud fiscal consolidation MoSPI launches beta MCP server on eSankhyiki portal for AI-based access to official statistics Govt mulls raising FDI limit in PSB to 49%: Secretary Nagaraju Sitharaman on SGBs: Profits in secondary market justify government levy India allows 40 gms jewellery duty-free in new baggage rules with no value cap IBC Bill likely during second part of budget session, says FM Sitharaman India auctions 136 coal blocks since 2020; Telangana proposal under review Govt to introduce IBC Amendment Bill in second half of Budget session starting Mar 9: FM
Macron backs 114 Rafale deal, promises higher Indian content and localisation
2026-02-19 · via Latest News on Economy Policy, Government, Trade Policy | The HinduBusinessLine
France's President Emmanuel Macron addresses the gathering at AI Impact Summit, in New Delhi, India February 19, 2026.

France's President Emmanuel Macron addresses the gathering at AI Impact Summit, in New Delhi, India February 19, 2026. | Photo Credit: PRESS INFORMATION BUREAU

Emmanuel Macron on Thursday defended the proposed 114 Rafale deal with India, asserting that they are “committed to having a maximum number of Indian content” in the multi-role fighter aircraft for the Indian Air Force (IAF), which, as per him, will make the “country stronger” and “create more jobs.”

“We are always increasing indigenous components. It’s part of this dialogue between the company and your government. And I mean, I don’t see how people can criticise because it makes your country stronger. It increases the strategic connection between us, and it creates more jobs here. And so, very clearly, we are extremely, I would say committed to having a maximum number of Indian components and manufacturing a maximum number of critical device in India. This is exactly the rational and that has deal. So we will do the same for the Rafale. You can count on us,” Macron told reporters.

India seeks higher local content

Defence Minister Rajnath Singh, in the bilateral meeting with Catherine Vautrin, French Minister of Armed Forces and Veterans, on February 17, insisted on higher Indian Content (IC), including for mounting indigenous weapon systems, radars and avionics on the proposed Rafales.

Earlier, after the Defence Acquisition Council cleared the deal, likely to cost around ₹3.25 lakh crore for 114 Rafales, Defence Secretary RK Singh had also stated that manufacturer Dassault Aviation has agreed to offer close to 40 per cent localisation, but he stated that India is confident of taking it to 50 per cent and beyond.

The majority of the aircraft will be co-produced in India following the government-to-government deal expected to be inked later this year.

Existing fleet and fresh orders

The IAF already has 36 Rafales, and the Indian Navy last year inked a fresh deal to acquire 26 marine versions of the aircraft at a cost of ₹63,000 crore.

As per the initial negotiations, Dassault will set up a final assembly line, as well as a manufacturing facility for sub-assemblies and a Maintenance, Repair and Overhaul (MRO) centre for the Rafales. This would be similar to what Airbus, together with Tata Advanced Systems Ltd, did for the production of C295 transport aircraft in India for the IAF.

Sources aware of the development stated that Dassault has proposed the transfer of technology for the production and maintenance of airframes, engines and avionics. The aircraft, if the deal goes through, is proposed to emerge from the proposed final assembly line — the first outside France — in the next three-and-a-half years, as per the Defence Secretary.

As part of the negotiations, India will initially buy armaments under the proposed Rafale contract and later fit them with Indian weapons as production shifts here.

In the past, opposition parties, especially the Congress, had alleged that procurement procedures were bypassed in the acquisition of the first lot of 36 Rafale fighter aircraft and had questioned the escalation in per-aircraft cost. However, the Supreme Court of India, in a judgment delivered on December 14, 2018, upheld the Rafale contract, ruling out any irregularity or corruption as alleged by the opposition parties.

Published on February 19, 2026