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250 words
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11 July 2026

Business and market updates

The India-UK CETA trade agreement and the revival of Black Pepper Futures are specific, actionable policy developments directly relevant to India's trade and agricultural marketing syllabus.

2 min read 2 questions 2 prelims

Notes

  • Equity-oriented mutual fund inflows surged 26.5% in June 2026 to ₹28,973 crore, driven by retail participation and improved macroeconomic sentiment.
  • Outstanding SIP accounts reached 10.5 crore; SIP contributions totaled ₹31,781 crore in June.
  • Mid-cap funds led equity inflows (₹6,090 crore), followed by small-cap (₹5,602 crore) and flexi-cap (₹5,231 crore).
  • Gold ETFs recorded a net inflow of ₹3,443 crore in June, reversing a May outflow.
  • Adani Enterprises Ltd. (AEL) partnered with French firm Dioxycle to produce low-carbon formic acid using captured CO2 and renewable energy.
  • NCDEX is reviving Black Pepper Futures from July 15, with Kochi as the delivery center, aiming for an India-centric reference price.
  • India-U.K. Comprehensive Economic and Trade Agreement (CETA) takes effect July 15, setting quotas and reduced tariffs (30-50%) for passenger vehicle imports.
  • NMDC reduced iron ore lump prices by ₹250/tonne and fines by ₹150/tonne.
  • SBI sold a 1.42% stake in SBI Funds Management Ltd. for ₹1,655 crore ahead of its IPO.
  • Indian Bank reported a 10% YoY net profit increase to ₹3,273 crore for the June quarter of FY27.

Questions

  1. Discuss the significance of commodity derivatives in price discovery and hedging for the agricultural sector in India, with reference to the recent revival of Black Pepper Futures. 150 words
    Attempt this — 150 words in 8 min
    0 / 150 words 8:00
  2. Analyze the potential impact of the India-U.K. Comprehensive Economic and Trade Agreement (CETA) on the domestic automobile manufacturing sector. How do tariff quotas and phased implementation serve as a strategic buffer for local industries? 250 words
    Attempt this — 250 words in 11 min
    0 / 250 words 11:00

Prelims

  1. Which of the following best describes the primary objective of the partnership between Adani Enterprises Ltd. and Dioxycle?

  2. What is the designated delivery and pricing centre for the revived Black Pepper Futures contract on NCDEX?