Page 228 - Economy

Very close to decision on reducing GST rates & slabs: Nirmala Sitharaman

Speaking on the ongoing efforts to simplify the GST structure, Nirmala Sitharaman said, 'We are very close to closing in on a final call on the reduction in GST rates and slabs'

Indian banks must continue to innovate, boost efficiency: Finance Minister

The finance minister virtually inaugurated 70 branches across India, 501 women customer service points, coinciding with the International Women's Day

India should halt all talks with US, engage like other nations: GTRI

Global Trade Research Initiative (GTRI) Founder, Ajay Srivastava said the US is exerting heavy pressure on India to accept trade demands that largely favour American interests

India has signaled readiness to make deeper tariff cuts, says Donald Trump

Preserving India's access to the US market is a priority for Prime Minister Narendra Modi as he seeks to shield his country from reciprocal duties Trump has indicated will take effect next month

Govt allows exports of 100% broken rice to reduce record high stockpiles

India had banned exports of 100% broken rice in September 2022 and then imposed curbs on exports of all other rice grades in 2023 after poor rainfall raised concerns over production

Exim Bank provides input on US reciprocal tariffs impact with govt

Trump had threatened to impose reciprocal tariffs on several countries, including India, Brazil, and China. He also threatened to impose tariffs on Mexico and Canada

US pushes India for a macro trade deal, not tariff tinkering: Lutnick

US commerce secy says agri can't be off the table for talks

US Commerce Secy Lutnick urges India to lower tariffs, moots 'grand' deal

India's import tariffs, among the highest in the world, warrant a reassessment of its "special relationship" with the United States, Lutnick said, speaking from Washington

Forex reserves decline by $1.78 billion to $638.698 billion, shows RBI data

The overall forex kitty had jumped by $4.758 billion to $640.479 billion in the previous reporting week

India's average salary hike likely at 8.8% in 2025: Deloitte report

Employees at individual contributor and junior management levels can expect a 1.3 times higher increment than the top management level, it added

WTO compliant trade tariffs meant for national development: FM Sitharaman

Reacting to a query in defence of 100 per cent trade tariffs on some US imports, the finance minister said that tariffs are legitimate instruments

As Trump launches the tariff war, how can India safeguard its interests?

With Trump enforcing reciprocal tariffs, India faces trade challenges. Exploring new markets, finalising FTAs, and boosting manufacturing could help counter the impact

'India very high tariff nation': Trump as he warns of reciprocal tariffs

This is the second time that Trump has commented about India's tariffs. Previously, Trump has also called India a 'tariff king'

Empowering women is the smartest economic decision India can make

Ensuring they have access to education, health care and a chance to become entrepreneurs will be fair and financially wise

Andhra Pradesh bags Rs 1,700 crore solar project lined up for Telangana

This comes close on the heels of the reported relocation of key investments from Telangana, like Corning International Corporation to Tamil Nadu and Kaynes Semicon to Gujarat

E-way bill generation slowed to 14.7% in February, shows GSTN data

Sequentially, the number of e-way bills dipped in February to 111.6 million, after rising for three consecutive months to touch a record 118.1 million in January

India shifting towards LNG term contracts despite falling spot prices: S&P

Asian importers have historically used oil slopes, calculated as a percentage of crude oil prices, as a proxy to price LNG contracts from a time when the LNG market was nascent

Our govt works very closely with India to reduce trade barriers: Southwell

It's been successful for both countries, not just for Australian exports to India but also for Indian exports to Australia, John Southwell said

BTA discussions: India eyes a bigger share of the US electronics market

In 2023, the share of US electronics imports from India was a mere 1.9 per cent of the $520 billion they imported. The total Indian electronics exports to the US was pegged at only $10 billion

BTA negotiations: India pushes for greater access to US organic market

Under mutual recognition agreements (MRAs) are bilateral pacts between countries, where they recognise each other's standards as well as the certification process