Economy

Trade negotiations with US have reached a 'plateau': FM Sitharaman

Finance Minister Nirmala Sitharaman says further concessions for either side 'very difficult'

Reforms on the cards: GST Council likely to shun mid-year rate changes

Officials expect the rate structure to be reviewed only once a year henceforth, and any changes will take effect from April 1, not in the middle of the financial year

Proposed GST changes aim to make India's services exports more competitive

Proposed changes seek to widen the definition of services exports, ease rules around overseas branches and allow faster GST refunds through a risk-based mechanism

State capex utilisation slips below last year's pace in April-August

Twenty-three states spent ₹2.4 trillion, or 21.21 per cent of their combined capex budget, in April-August FY27, slightly below 21.73 per cent a year earlier

Fewer women commute to work, spend much less than men: NSO survey

Only 41.9 per cent of women workers commute 1 km or more for work, against 61.9 per cent of men, with the gender gap in commuting widest in rural India

GST Council may give export status to clinical trials for overseas sponsors

GST Council may ease tax treatment for highway concessions, e-commerce deliveries and services between foreign shipping lines and their Indian offices

GST reforms agenda: Businesses likely to get wider motor vehicle ITC

Insurance, repairs and servicing may qualify; EVs could get matching tax treatment

GST Council may set different timelines for services, capital goods refunds

The refund for capital goods is likely to be implemented from April 1, 2027. Refunds for input services are likely to take effect this year itself, once council approves

GST Council may allow export tag for overseas contract manufacturing

Proposal seeks to address a place-of-supply anomaly by allowing export treatment for work done for overseas companies even when finished goods remain in India

Gross FDI hits 15-year high, net FDI at five-year peak in Q1 FY27

Repatriation by foreign investors accounted for 44 per cent of gross FDI, while foreign exchange equal to another 31 per cent moved out as Indian companies invested abroad

India eyes new palm oil sources as Indonesia, Malaysia raise biofuel blends

Colombia, the world's fourth-largest palm oil producer, has emerged as a possible import source as India looks to diversify supplies amid higher biodiesel blending in Asia

Cultural capital must be integral to economic policy: Culture minister

While emphasising the "extraordinary civilisational wealth" inherited by India, he underlined that the "greatest question before us is, not what have we inherited"

India, Switzerland ink 5 pacts; agree to expand trade, investment ties

In his media statement, PM Modi said a series of important decisions were taken to expand market access for Indian exports to Switzerland and further facilitate investment between the two countries

Tech, people, cultural economy key to unlocking tourism: Shekhawat

Culture and Tourism Minister Gajendra Singh Shekhawat says cultural capital must gain a larger role in economic policy, alongside technology and human capital

Uttar Pradesh plans International Trade City in Noida to boost exports

The proposed trade city in YEIDA's jurisdiction will be modelled on China's Yiwu and provide an organised marketplace for showcasing products, trade and exports

RBI's panel starts monetary policy deliberations, 0.25 bps rate hike likely

An interest rate hike by the RBI in its upcoming monetary policy would mark a stance reversal, following rate cuts in 2025 and a prolonged pause thereafter

UP hotel investment pipeline tops ₹44,250 crore amid tourism boom

UP's hotel investment pipeline crosses ₹44,250 crore as rising tourist inflows spur new projects in Varanasi, Ayodhya, Lucknow and other cities

New bilateral investment treaty framework to get Cabinet nod: Sitharaman

The new template seeks to address shortcomings in the model approved in 2016 and provide sharper protection to investors from both sides

India economy strong; energy security, jobs key to growth: N Chandrasekaran

Chandrasekaran -- who was recently handed his third five-year term at the helm as Tata Sons Chairman amid an intense boardroom battle-- further said the Indian economy is doing very well

India, US have reached a plateau in trade talks, says FM Nirmala Sitharaman

Giving or taking more beyond that plateau would be 'very, very difficult' for both countries, Sitharaman said at an event in New Delhi