Page 137 - Economy & Policy News

India gets relief as China moves to lift curbs on rare earths, fertilisers

The restrictions on three key items were raised by External Affairs Minister S Jaishankar during his meeting with Chinese Foreign Minister Wang Yi last month

GST tweaks may impact electric vehicle demand, near-term car sales

Move likely to benefit smaller cars which have been under pressure

Tariff turbulence: Ludhiana industries oscillate between resilience, risk

The final report in the series gauges Ludhiana's industrial pulse as 50% US tariff looms

Centre removes cotton import duty till Sept 30 to aid textile sector

The Centre has waived the 11 per cent duty on cotton imports till September 30, providing relief to the textile industry facing higher US tariffs and intense global competition

Piyush Goyal introduces Jan Vishwas Bill 2025 to ease doing business

The Bill, earlier cleared by the Union Cabinet, has now been referred to a select committee, the ministry said in a statement

Traders likely to keep input tax credit on old stocks in GST revamp

The GST Council is also likely to update the tax administration system to ensure a smooth transition and shield businesses from additional costs

Centre released ₹36,000 cr to states so far under special assistance scheme

The Centre has disbursed ₹36,027 crore to states and UTs under SASCI till August 11, with Uttar Pradesh receiving the highest share, followed by Bihar, Rajasthan and MP

India's unemployment rate at 5.4% in Q1: First ever quarterly PLFS data

The jobless rate for the youth (15-29 age group) in the first quarter was recorded at 14.6 per cent

GST restructuring key reform, will boost India's economy: RC Bhargava

The Centre has proposed a two-tier GST structure of 5 and 18 per cent, besides a 40 per cent special rate on a select few items to the group of ministers (GoM) on GST rate rationalisation

PM's Diwali Dhamaka may come as GST cuts on small cars, insurance premiums

Centre mulls lowering GST on small cars to 18 per cent and slashing levies on health and life insurance

FM Sitharaman to attend GoM meeting on Aug 20, explain next-gen GST reforms

The two-day meeting of the Group of Ministers (GoM) on GST rate rationalisation is scheduled on August 20-21 here, sources said

Before Trump, there was Bush Sr: How India dodged US tariffs in 1990s

In the early 1990s, George HW Bush's trade officials threatened sanctions that could have squeezed Indian exports, but cautious reforms helped New Delhi avoid a tariff war

New GST plan by Diwali: What is a GoM, how it works, and why it matters

Explainer: What the GST Council's GoM on rate rationalisation is, how it works, who its members are, and how its decisions could shape India's two-slab GST plan by Diwali 2025

Make in India must not become make all India needs: Former RBI Guv Subbarao

Subbarao further said the punitive 50 per cent tariffs on Indian exports imposed by the US will raise the costs of Indian goods in the most important overseas market, which is America

India's Russian crude buying has to stop, says US trade adviser Navarro

India's Foreign Ministry has previously said the country is being unfairly singled out for buying Russian oil while the United States and European Union continue to purchase goods from Russia

India recalibrates strategy on US trade deal amid geopolitical tensions

In July, negotiators from India and US had discussed the visit of the American team for sixth round of bilateral trade negotiations during the week starting Aug 25. That visit has now been called off

India's rivals China, Turkey seek cheaper Urals, capping oil price rise

This comes as Trump-Putin meet remains inconclusive

Govt seeks to revamp entire tax system with GST reform, Income-Tax Bill

The Centre has proposed a two-tier GST with 5 per cent and 18 per cent slabs, along with a 40 per cent slab for a few items in the sin goods category

Statsguru: How India, Bangladesh fared after a year under Yunus' rule

Despite worsening diplomatic ties and rising anti-India sentiment under Mohd Yunus' rule, India's trade with Bangladesh has seen unexpected growth, led by imports

Govt confident of meeting fiscal deficit target despite planned tax cuts

In the biggest tax overhaul since 2017, PM Modi on Saturday announced sweeping changes to the complex goods and services tax (GST) regime which will make daily essentials and electronics cheaper