Economy

Labour code requirements: Firms seek more time to upload gig workers' data

Digital platforms have sought additional time beyond the June 21 deadline to upload gig worker data to the eShram portal, citing operational and technical challenges

Iranian oil may return to India as US-Iran peace boosts Chabahar project

The proposed US-Iran agreement could revive India's crude imports from Iran, improve energy security and provide renewed momentum to the strategically important Chabahar Port

Direct tax collections rise 15% to ₹5.21 trillion till June 17 in FY27

Net direct tax collections rose to ₹5.21 trillion as strong growth in non-corporate taxes and advance tax payments offset modest growth in corporate tax receipts

'Next 20 years will mirror geopolitical turbulence of 1925-1945,' warns CEA

V Anantha Nageswaran said businesses must prioritise resilience over efficiency as geopolitical tensions rise, while arguing that AI will increase, not reduce, human cognitive load

India-UK trade pact: What changes for autos, whisky, textiles, steel

Here are the key takeaways from the India-UK trade deal, from lower tariffs on cars and Scotch whisky to duty-free textile access, social security relief for professionals and steel export safeguards

Import duty on gold works: Official says volumes down to 25-30 tonnes/month

Monthly gold imports have declined to 25-30 tonnes from 70-80 tonnes, while recycling of old jewellery has increased following the recent hike in import duties

Guwahati to host Modi-Takaichi talks in July amid strategic focus on East

Japanese Prime Minister Sanae Takaichi is expected to visit Guwahati with a business delegation, with investment, supply chains and energy security high on the agenda

CESTAT ruling may bring clarity to stock brokers on financing charges

Experts say the Tribunal's ruling on delayed payment charges could provide greater certainty to stock brokers on the tax treatment of financing-related charges

India-UK trade pact opens premium vehicle market, protects EV push

JLR says local manufacturing plans remain unchanged as India opens its premium vehicle market to British imports while protecting lower-cost EV segments

India-UK social security pact to yield £500 million annual savings

The Double Contribution Convention will exempt eligible Indian professionals and employers from UK social security payments for five years, reducing costs significantly

India exports raw aluminium as tariff structure hits manufacturing: GTRI

Think tank GTRI says India's tariff structure encourages exports of primary aluminium while raising input costs for domestic manufacturers and MSMEs

India may ease emergency fuel curbs once global tensions ease: Official

Measures on LPG monitoring, gas allocation and fuel hoarding were imposed to protect domestic supply after disruptions around the Strait of Hormuz

UP government to develop textile parks across 1,500 acres to boost economy

Uttar Pradesh plans six textile parks across nearly 1,500 acres, targeting over ₹10,000 crore in investments and thousands of jobs

India needs to diversify crude import routes more: S&P Global Energy

The West Asia crisis has exposed India's import-linked energy security risks, making diversified crude routes and deeper storage buffers more urgent, S&P said

Global energy transition readiness dips, India among top gainers: WEF

The proportion of low-carbon jobs increased by 24 per cent in India in 2024, as renewable energy jobs reached 1.3 million (up 25 per cent over 2023)

New India-UK pact to benefit 90-95% of Indian professionals in Britain

Under the DCC, employees temporarily transferred by companies from India to the UK, or vice versa, will be exempt from making social security contributions in the host country for up to five years

Govt weighs extending zero-duty import on 40 products beyond June 30

Officials said associated revenue consideration will have to be considered while deciding on whether the import duty exemption would be extended

India to allow import of 378K UK cars on lower duty in 15 yrs of trade pact

For imports from the UK to India, the quota for conventional-engine passenger cars will peak in the fifth year across specified categories of vehicles at 37,000 units

Trade deal near, declares Trump; Modi pitches for seafarers' safety

At their first bilateral meeting in 16 months, Modi raised concerns over the safety of Indian seafarers while Trump said India and the US were nearing a trade agreement

India's gold imports drop 70% to 30 tonnes after duty hike: Official

However, in value terms, India's gold imports rose by 34 per cent year-on-year to $3.41 billion in May, driven by higher prices of the precious metal