In a landmark two-day visit (December 4–5, 2025) by Vladimir Putin to New Delhi, the governments of India and Russia unveiled one of the most extensive packages of bilateral agreements in recent years.
Recent tariff negotiations have also strengthened Pakistan’s position. Islamabad successfully reduced US reciprocal tariffs from 29 per cent to 19 per cent, a move projected to enhance access to US markets.
The minister informed that a 50 per cent rebate in the revenue share for coal used in gasification has been introduced in commercial coal block auctions, provided that at least 10 per cent of the total coal production is used for gasification purposes.
The centre has sounded an alarm over the likely impact of El Niño on India's 2026 southwest monsoon, warning that 315 districts across 12 states could face significant rainfall deficits during the crucial kharif cropping season.