Page 111 - Economy & Policy News

Govt notifies revised CGST rate schedules, effective September 22

The Finance Ministry has notified revised CGST schedules covering seven categories of goods, effective September 22, with States set to issue matching SGST notifications

Private capex revival in India expected only next year: S&P Global

According to S&P Global's assessment, the persistent uncertainty is delaying private investment decisions, and causing volatility in capital flows, financial markets, and currency exchange rates

Exports to rise 6% this year, will end year on positive note: Goyal

Commerce Minister Piyush Goyal said India's exports would grow 6% this year, despite the US' 50 per cent tariffs, adding FTAs with the EU and UAE were progressing to boost trade

PM to lay foundation stone of NTPC's 2,800 MW nuclear project in Rajasthan

Prime Minister Narendra Modi will lay the foundation stone of NTPC and NPCIL's 2,800 MW Mahi Banswara nuclear project in Rajasthan, marking NTPC's nuclear entry

India's exports projected to rise 6% in 2025, says Piyush Goyal

Underscoring the country's strong performance in global trade despite challenges, the minister said discussions on free trade agreements (FTAs) were advancing with several countries

Steel secy warns EU carbon border rules could hit India's exports to Europe

The CBAM is designed to impose a carbon price on imports from countries with lower environmental regulations

Govt unlikely to raise export duty soon on low-grade iron ore, pellets

The government has been considering raising the export duty to between 20 per cent and 30 per cent, from zero now

No direct impact of US tariffs on domestic industry, says steel secy

India does not import much steel from the US. So, the steel trade between India and the US is not very direct, he said

India's exports to US dip as Trump tariffs erode competitiveness: GTRI

August shipments to the US plunged to $6.7 billion, down 16.3 per cent from July, the steepest monthly fall of 2025, as US duties doubled to 50 per cent by month's end

GCCI urges Centre not to impose export duty on low-grade iron ore

Appealing to the Centre to weigh Goa's unique structural constraints, GCCI urged that the present NIL export duty regime for low-grade ores from Goa and the Konkan region

India, US trade dialogue moves forward after Trump softens stance

Talks between Indian and US officials in New Delhi were described as positive and forward-looking, with both sides pledging to push for an early conclusion of a trade agreement

Push for more AI funds: Industry wants IndiaAI Mission outlay doubled

MeiTY, according to a senior govt official, has received no such proposal and it is not considering any such move

No need to relabel existing medicine stock: FinMin on new GST rates

Finance Ministry clarified that medicines released before Sept 22 need not be recalled or relabelled under GST 2.0, with compliance ensured via revised price lists at retail level

India, US step on the gas to seal trade deal after 7-hour 'positive' meet

India and the US held marathon talks in New Delhi to push forward a trade agreement, signalling easing tensions despite tariff disputes and setting the stage for further negotiations

Explainer: Difference between Section 44AD and Section 44ADA of I-T Act

The confusion usually arises because both sections are about presumptive taxation, but their applicability is different

Danish PM Frederiksen backs early India-EU FTA in call with PM Modi

PM Modi and Danish PM Mette Frederiksen discussed India-EU trade talks, reaffirmed their green partnership, and stressed peaceful resolution of the Ukraine conflict

RBI gets bids worth ₹585 crore against ₹75,000 crore at VRR auction

Banks showed weak participation in RBI's three-day VRR auction, with bids worth only Rs 585 crore against the notified Rs 75,000 crore, citing cheaper funds in the call market

India set to attract investments worth ₹8 trillion in coming years: Sonowal

The statement said the government's flagship 'Sagarmala' programme is driving this change with 840 projects worth Rs 5.8 trillion under implementation by 2035

Rupee gains as dollar weakens on expectation of rate cut by US Fed

The dollar index declined 0.3 per cent on Tuesday, supporting a rally in most Asian currencies, including the rupee

Govt extends UPS option for staff who joined April-August 2025 till Sept 30

The Finance Ministry said central staff who joined service between April 1 and August 31, 2025 can now opt for UPS instead of NPS, with flexibility to return later if they wish