Page 121 - Economy

Wide-ranging GST reforms to improve lives of citizens, says PM Modi

Modi noted that he had spoken about his government's intention to bring the next-generation reforms in GST during his Independence Day speech

From boon to bane: How monsoon 2025 is turning into a nightmare for many

Above-normal monsoon this year has seen surge in kharif planting, driving up fertiliser demand, but heavy rains in northern states have also ruined standing crops, while floods have killed hundreds

Datanomics: India Post's move may further hamper its foreign business

India Post halts US services as de-minimis exemption ends, bringing customs duties on all low-value imports

Maharashtra leads in FPO ease of doing business; Madhya Pradesh loses crown

Maharashtra has overtaken Madhya Pradesh as the state with the most supportive ecosystem for Farmer-Producer Organisations, according to the latest SOFPO report

Two-rate GST structure approved; new rates to kick-in from Sept 22: FM

GST on buses, trucks, and ambulances has been reduced to 18% from 28%. Uniform rate of 18% on all auto parts has been decided

Only two GST rates, cuts part of structural reforms: FM Sitharaman,

The GST Council on Wednesday took a decision to reduce the GST rates to just two, 5% and 18%, with many items also moving to a zero tax slab

Govt committed to safeguard exporters' interests, says Piyush Goyal

Government pledges policy interventions and trade support to ease impact of 50% US tariffs

GST Council begins work to rejig rates; Oppn states seek revenue protection

According to sources, the panel is likely to have discussed a three-way registration process for non-risky business and issuance of refunds, in case of exports

Renewable energy investments in India rise 45% to $1.23 bn in August

Investments in India's renewable energy sector rose to $1.235 billion in August, 45 per cent higher year-on-year, with major financing deals for solar and wind projects

Govt clears ₹1.5k cr incentive scheme to promote critical mineral recycling

The decision was taken during the cabinet meeting held under the chairmanship of Prime Minister Narendra Modi

FDI rises 15% to $18.62 bn in Apr-Jun FY26; US inflows nearly triple

Foreign Direct Investment (FDI) during April-June FY25 stood at USD 16.17 billion. In March quarter 2024-25, the inflows fell 24.5 per cent year-on-year to USD 9.34 billion

GST reforms likely to reduce J&K revenue by 10-12%: CM Omar Abdullah

In his written speech circulated at the 56th GST Council meeting, he called for the establishment of suitable mechanisms to ensure the fiscal stability of states and union territories

India, EFTA trade pact to come into force from Oct 1: Switzerland

Under the pact, India has received an investment commitment of USD 100 billion in 15 years from the grouping while allowing several products

India Services PMI hits 15-year high in August on new orders, output rise

India services PMI: Composite PMI Output Index rose to 63.2 in August from 61.1 in July

Trai's plan for ₹500 satcom levy aimed at rural rollout push 'rejected'

The telecom department will reportedly return the proposal to Trai for review, noting that the suggested ₹500 annual levy on urban satcom users is difficult to implement

'We get along with India very well,' says Trump, but calls trade one-sided

Trump maintained that India imposed duties of up to 100 per cent on various goods, which discouraged US firms from exporting there

Govt spending and exports likely to begin unwinding in Q2, says BMI

BMI said any export front-loading that continued post-June has likely been cut short by the rise in US 'reciprocal' tariffs, first to 25 per cent on July 31, 2025, and then to 50 per cent on August 27

Growth spurt before Donald Trump tariff squeeze: July orders jump 29%

There are no duties on semiconductors, electronics, and pharmaceuticals, among others, according to an August 27 Asia Insights note from Nomura

India extends export obligation for chemical imports to 18 months: Govt

The government remains committed to strengthening the chemicals and petrochemicals landscape through targeted strategies, acknowledging its pivotal role in economic growth

Japan's MOL plans to ramp up India fleet with domestically built vessels

Plans to become India's second-largest shipping firm