Page 136 - Economy & Policy News

GoM to propose GST exemption on health, life insurance for individuals

Telangana Deputy Chief Minister Mallu Bhatti Vikramarka, who is member of the GoM, said every state wanted health and life-insurance premiums to be exempt from GST

RBI shifting towards principle- and outcome-based regulatory framework: Rao

RBI Deputy Governor M Rajeshwar Rao said the central bank is gradually transitioning to a principle- and outcome-based regulatory framework to ensure flexibility and resilience

India, Eurasian Economic Union sign terms to launch trade negotiations

Russia dominates grouping with more than 92% share in India's trade

India, Eurasian Economic Union ink terms of reference for trade pact talks

The five members of the Eurasian Economic Union (EAEU) are Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia

Centre for exempting insurance premium from GST: Samrat Choudhary

Currently, health and life insurance premium attracts 18 per cent GST

Russia invites Indian exports as US tariffs hit trade, defends oil ties

Russia said Indian goods are welcome in its market as the US raises tariffs; a top Russian diplomat defended India's oil imports and called Western sanctions unfair and one-sided

Indian Oil, BPCL resume buying Russian oil for September as discounts widen

Discounts for Russian flagship Urals crude have widened to about $3 per barrel, making the oil attractive for Indian refiners, while China has stepped up purchases, the officials said

Explainer: Why govt disbanded the NAA and why GST 2.0 may revive it

The Centre is considering reviving anti-profiteering provisions for two years to ensure consumers benefit from GST rate cuts

MSMEs in textiles, diamonds, chemicals to be most hit by US tariffs: Report

The MSMEs have more than 70 per cent share in these sectors and will be hit hard, the report said

Export curbs ease positive, India must cut reliance amid $100 bn gap: GTRI

It said that between 2014 and 2024, China's dominance over India's import landscape only widened

GoM meet today: What's on agenda as Centre pushes 2-slab GST reform plan

Finance Minister Nirmala Sitharaman to explain Centre's plan for two GST slabs of 5 per cent and 18 per cent, with a 40 per cent rate on select goods

Trump imposed tariffs on India to deter Russia's war in Ukraine: Leavitt

Trump doubled India's tariff rate to 50 per cent for its continuous purchase of Russian energy at a time when the US President has been trying to broker a ceasefire deal between Russia and Ukraine

Govt likely to revive anti-profiteering rules under GST 2.0 overhaul

Anti-profiteering provisions were first introduced in 2017, when GST replaced multiple indirect taxes and several items had lower tax incidence

India, China agree to resume direct flights, boost trade, investment

The two countries would resume direct flights and boost trade and investment, including reopening border trade at three designated points, and facilitate in visas

India, US negotiating agreement to liberalise trade in goods: Minister

He added that the government is committed to taking all necessary steps to secure and advance the country's national interest and protect the welfare of our farmers, rural economy and agri sector

US tariffs: Fitch cautions rising second-order risks may hit India Inc

HPCL-Mittal Energy more vulnerable to Russia-linked tariffs

Exports to 8 of top 20 hubs decline in April-July, shows govt data

The 20 countries accounted for 69 per cent of India's total value of goods exported during the first four months of FY26

Parliamentary panel for export policy reset, manufacturing focus

The Standing Committee on Finance urges recalibrating India's export strategy with a focus on manufacturing competitiveness, AI, market diversification, and addressing geopolitical uncertainties.

GST rate rejig to give ₹1.98 trillion consumption boost: SBI report

However, the consumption boost, which totals for a 0.6 per cent increase in GDP, would not stoke inflation as taxes on mass consumption items are going to go down in the proposed GST regime

Icra pegs Q1 GDP growth rate at 6.7% on higher govt capex, exports

Icra Chief Economist Aditi Nayar said investment activity held up in Q1 FY2026 was boosted by the front-loading of government capex