Page 203 - Economy

India's richest report only a fraction of their wealth, says a new study

They are not just underreporting income; they are reshaping what the income tax system perceives, says study

India unlikely to raise dispute against US at WTO over reciprocal tariff

The consultation on steel and aluminium safeguard measures is the first case involving India and the US at the WTO

Shippers rush to reach American shores amid 90-day tariff pause

To monitor how supply chains reshuffle; freight rates up for 2nd week in a row

US crackdown on Chinese goods open export window for Indian e-sellers: GTRI

As far as reforms are concerned, the report said that India's current trade system is still geared towards large, traditional exporters and not small online sellers

'Zero-for-zero' tariff under proposed India-US BTA unlikely: Report

Certain trade experts have suggested that India can propose a 'zero-for-zero' tariff strategy to the US for addressing America's reciprocal tariff hikes

US curbs on Chinese goods open export window for Indian e-sellers: GTRI

With over 1 lakh e-commerce sellers and $5 billion in current exports, India is well-positioned to fill the gap left by China

US-China tariff war opens door for India to emerge as global toy export hub

Akshay Binjrajka, President of the Toy Association of India, said that India is well-positioned to fill the emerging vacuum

India could benefit from free trade in long term: Mercedes India MD & CEO

The free trade, based on low tariffs and reduced trade barriers, has significantly increased international trade benefiting economies and communities, he said

India, EU to negotiate FTA by year-end, says German envoy Ackermann

I think there is a dedication, commitment to the FTA between India and Europe, he said

India to be carefully watching developments in US-China trade war

According to the foreign policy expert, due to this trade war, there would emerge both opportunities and challenges for India

Global trade could shrink by 3% due to tariffs imposed by US: UN economist

US President Trump announced major tariffs last week, but later announced a 90-day pause for most nations. China, excluded from the pause, responded with 125% tariffs on US imports

Outlook gloomy for corporate share in direct tax mopup, shows data

The trend for corporate tax collections has been declining relative to overall tax collections. The share hit a high of 67 per cent in FY11 and dropped to 46.5 per cent as of FY24

Fake invoices: I-T dept reopening hundreds of old assessment cases

Businesses that may have claimed fake purchases in taxman's crosshairs

Govt working on 25 chipsets with Indian IPR to fight cyberattacks: Vaishnaw

Vaishnaw unravels the action on the ground and the move towards localisation

India's outward FDI up 20% at $5.81 bn in March 2025, shows RBI data

Singapore top FDI destination in Jan-Mar 2025

India never negotiates at gunpoint: Piyush Goyal on US trade deal

Both nations may pursue interim trade pact within 90 days

India's forex reserves rise by $10 billion on inflows, revaluation

Foreign currency assets increased due to inflows and revaluation as the dollar weakened over the week, said market participants

FM Nirmala Sitharaman urges Austrian firms to harness India opportunity

Lays out priority areas like digital tech, infra, RE among others to enhance ties

Fear of Trump's trade war sends US consumer sentiment plunging

US consumer sentiment plunged in April, a seemingly sharp rebuke of President Donald Trump's trade wars that have fuelled anxiety over possible job losses and rising inflation.

Govt not encouraging Chinese FDI: Piyush Goyal clarifies policy stance

FDI applications from countries sharing land borders, such as China, have to mandatorily seek government approval for all sectors. This policy was issued in April 2020