Page 110 - Economy

Govt to release 25 lakh new LPG connections under Ujjwala in FY26

The petroleum ministry has approved 25 lakh new LPG connections under Ujjwala for FY26, taking the total to 10.58 crore, with Rs 676 crore earmarked for connections and subsidies

India, Brazil lead real-time A2A payments with UPI and Pix adoption

A BCG report says A2A payments exceed 50 per cent of all transactions in India and Brazil, powered by UPI and Pix, with AI agents set to further transform digital commerce

RBI allows standalone primary dealers to trade in rupee NDF market

RBI has allowed standalone primary dealers to participate in rupee non-deliverable derivative contracts, widening access beyond AD Cat-I banks and IFSC Banking Units

Govt working on ALMM for solar inverters to boost domestic industry

Pralhad Joshi said the government will introduce an ALMM for solar inverters, expanding the approved list mechanism beyond modules and cells to strengthen India's solar value chain

UP, Gujarat, Odisha among 16 revenue-surplus states in FY23: CAG report

As many as 16 states were in revenue surplus during 2022-23, with Uttar Pradesh topping the chart with Rs 37,263 crore, followed by Gujarat and Odisha, according a CAG report.

Next-gen GST reforms to boost savings, benefit all sections: PM Modi

PM Modi said that the reforms will boost savings and directly benefit every section of society

Power cost to drop 17-18 paise per unit as GST Council scraps coal cess

The GST Council's decision to remove the Rs 400 coal cess will lower electricity generation costs, ease liquidity for coal companies and make domestic coal more competitive

MAHAGENCO starts operations at Chhattisgarh's Gare Palma coal mine

The box cut activity at the mine was launched in the presence of MAHAGENCO's Chairman and Managing Director B Radhakrishnan

Key infrastructure sectors' growth hits 13-month high of 6.3% in August

The core sectors' output growth was 3.7 per cent in the previous month of July. It was (-) 1.5 per cent in August last year

Rajasthan govt seizes 17 vehicles, seals warehouses in tax evasion drive

The official further said that a two-day operation was carried out to inspect the warehouses, where an initial assessment revealed the market value of goods to be millions of rupees

New GST reforms could boost India's GDP by 0.8%, says Hardeep Puri

He said all sections, particularly lower middle class, economically weaker sections will benefit

Govt plans minority stake sales in nearly 6 state firms: Divestment secy

Chawla said the government will make an initial public offering (IPO) of a state-run firm in the natural resources sector in the current financial year

JPMorgan sees India as 'bright spot' despite Trump tariff concerns

India has borne the brunt of policy changes by the US administration, with a 25 per cent reciprocal levy on the country being doubled because of its purchases of Russian oil

Farmers, consumers, shopkeepers cheer new GST rates, say it boosts savings

On Sunday, Prime Minister Narendra Modi, in his address to the nation, said that reform is a continuous process

New GST rates take effect: Full list of what gets cheaper from today

The NextGen GST reforms reduce taxes on several items spanning essentials, healthcare, education, electronics, automobiles, and farm equipment, while selectively increasing GST on sin, luxury products

GST 2.0 rollout begins today: New rates, tax cuts, exemptions | Top updates

The GST Council has cut slabs from four to two - 5 per cent and 18 per cent - while keeping a special 40 per cent rate on 'sin goods' and select luxury items under the new GST 2.0 framework

GST rate cut will make medicines more affordable, accessible: IPA secy

With GST removed from 36 medicines and capped at 5 per cent on most others, IPA Secretary General Sudarshan Jain described the step as a boost for self-reliance and the healthcare ecosystem

US calls Piyush Goyal's visit for trade talks an important step forward

According to people aware of the matter, Goyal will meet United States Trade Representative (USTR) Jamieson Greer this week on the sidelines of the United Nations General Assembly

Mizoram govt moves to increase GST collection and expand tax base

The official said that state government decided to collaborate with local councils to increase the number of traders and shopkeepers in state capital Aizawl and other parts of the state paying GST

States' salary, pension, interest expenses rise 2.5 times since FY14: CAG

Salaries, pensions, and interest payments on public debt and liabilities are treated as 'committed expenditure'