Current Affairs · Subject
Economy
2 items tagged Economy.
- 2026-08-17
Mines and Minerals Amendment Bill clears Parliament
Parliament passed the Mines and Minerals (Development and Regulation) Amendment Bill, 2026, with the Lok Sabha clearing it on 12 August and the Rajya Sabha on 13 August. It amends the parent 1957 Act, letting holders of existing mining leases add critical minerals such as lithium, nickel, cobalt and graphite without extra fees, and removes the 50 per cent ceiling on sales from captive mines. The National Mineral Exploration Trust's scope is widened to also fund mine development, not just exploration.
- 2026-08-17
India's forex reserves cross USD 707 billion, RBI data shows
Reserve Bank of India data showed the country's foreign exchange reserves jumped by USD 14.14 billion in the week ended 7 August 2026 to touch USD 707 billion, the sharpest weekly gain since January 2026. Foreign currency assets, the largest component, rose to USD 574.6 billion, while gold reserves climbed to USD 108.7 billion. Reserves remain below the record USD 728.5 billion touched in February 2026.