Page 117 - Economy

India, Israel likely to sign bilateral investment agreement next week

The expected treaty may offer investors from Israel and India protection based on international norms, promises non-discriminatory minimum treatment, and independent arbitration

Govt keeping 'good watch' on rupee as several currencies fall, says FM

On August 7, President Donald Trump administration enforced a 25 per cent tariff on Indian goods, citing India's persistent oil imports from Russia and long-standing trade barriers

GST cut on biogas devices to drive private investment, project growth

The GST Council, comprising the Centre and states, last week decided to cut tax rates on 375 items and reduce the number of slabs to just 2 from 4 currently

Spurt in consumption to meet fiscal deficit target of 4.4%: Sitharaman

She also emphasised that consumption boost to be provided by landmark GST reform

Nominal GDP growth in FY26 may fall short due to benign inflation: CEA

He expressed optimism about meeting the real GDP growth target of 6.3-6.8 per cent for the current fiscal year despite the US imposing a steep 50 per cent tariff on Indian shipments

GST council's tax simplification move to make taxation 'transparent': IOB

CEO Ajay Kumar Srivastava said there would be an increased demand across retail, micro, small and medium enterprises and agricultural segments as incomes rise and investments pick up

Food delivery may get pricier as platforms hike fees, 18% GST adds burden

Estimates suggest that the additional burden on account of 18 per cent GST to be levied on delivery charges from Sept 22 is expected to add Rs 2 per order for Zomato users and Rs 2.6 for Swiggy

PM Modi's nudge ushered in biggest GST reform in 8 years: Sitharaman

The final decision on changes in the GST rested with the GST Council, which is headed by the Union Finance Minister and includes representatives of all states and Union Territories

Health experts alarmed by GST cut on beedis, demand uniform taxation

They warned that cheaper beedis could increase their use, particularly among poor and vulnerable communities, worsening India's tobacco-related health burden

SOPA seeks 10% increase in edible oil import duty to support farmers

SOPA Chairman Davish Jain said cheaper imports and depressed domestic oilseed prices have led farmers to reduce or abandon oilseed cultivation

GST cut to ensure Yezdi, Jawa bikes shine like nobody else: Classic Legends

The bikes of the two brands will cost less than Rs 2 lakh once the new rate of the revised goods and services tax (GST) kicks in

Coal import declines in July over weak demand, availability of high stock

India's import during the April-July period of the current fiscal year also declined to 97.49 million tonnes over 100.48 million tonnes in the year-ago period

Trump's aide Navarro criticises India again over Russian oil purchases

In the last few weeks, Navarro has made a series of attacks on New Delhi for its energy ties with Russia

GST cut on farm equipment could lead to 6-7% saving, ministry data shows

The Union Ministry for Animal Husbandry, Dairying and Fisheries, meanwhile, said that rate cuts on milk and milk products will have a direct bearing on 10 crore milk farmers across India

GST rate cut for dairy, agricultural inputs to benefit 10 crore farmers

The moves are designed to stimulate demand in semi-urban and rural areas, reduce household expenditure on essential food items, and boost the food processing sector

GST reforms to make life easier for both businesses, consumers: Sitharaman

Finance Minister Nirmala Sitharaman said GST reforms include faster refunds, easier registrations and lower tax rates on nearly 400 products, benefiting 140 crore people

Sitharaman thanks state FMs for support in implementing GST overhaul

Finance Minister Nirmala Sitharaman hailed the GST Council's unanimous decision to cut tax rates, thanking state finance ministers for prioritising public relief over revenue concerns

GST rate cuts to ease tax burden, boost economy: Ashwini Vaishnaw

The BJP leader said the government was working on the GST reforms for about one and a half years, with the prime minister continuously following the exercise and giving "guidance" at every step

'Will always be friends with Modi, India-US share special bond': Trump

Trump admitted he 'just doesn't like' some of Narendra Modi's decisions, noting that India and the US "have moments on occasion" amidst ongoing trade and tariff tensions

From automobiles to agriculture, EY analysis on impact of GST rate change

Relief from long-pending disputes around GST rates on auto components with a single GST slab of 18%