Category: Finance
Centre notifies rules for GST appellate tribunals; provides for mandatory e-filing, hybrid hearing
Union Finance Minister Nirmala Sitharaman. | Photo Credit: ANI The government has notified the Goods and Services Tax Appellate Tribunal (Procedure) Rules, which provide for[more...]
IMF cuts global growth as a result of Trump tariffs and policy uncertainty
International Monetary Fund (IMF) Chief Economist Pierre-Olivier Gourinchas during the IMF/World Bank Spring Meetings in Washington, DC, on April 21, 2025. | Photo Credit: AFP[more...]
Donald Trump signals China tariffs will come down, says he won’t fire Fed chief
President Donald Trump speaks with reporters in the Oval Office of the White House on April 22, 2025 | Photo Credit: AP Donald Trump said[more...]
Luxury goods costing above ₹10 lakh will now attract 1% tax collected at source
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Luxury goods like handbags, wrist watches, footwear, and sportswear, priced above ₹10 lakh will[more...]
U.S. tariffs could shave up to half a percentage point off India GDP, says Finance Secretary
Ajay Seth, Finance Secretary. | Photo Credit: ANI The direct hit from tariffs introduced by Donald Trump's administration on India could shave off between 0.2-0.5[more...]
World Bank lowers India’s FY26 growth forecast to 6.3%
World Bank said that amid increasing uncertainty in the global economy, South Asia’s growth prospects have weakened, with projections downgraded in most countries in the[more...]
IMF says slashes China growth forecast for this year to 4%
International Monetary Fund (IMF) Chief Economist Pierre-Olivier Gourinchas (C) and IMF Research Department Deputy Director Petya Koeva Brooks (R) take questions as they speak on[more...]
Gold nears ₹1 lakh-mark in Delhi on weak dollar, U.S.-China tariff war woes
Image used for representative purpose only. | Photo Credit: Reuters Gold prices inched closer to the psychological mark of ₹1 lakh per 10 grams as[more...]
Central, state GST officers detect 25,009 fake firms fraudulently passing ₹61,545 crore ITC in FY25
Central and state GST officers have detected 25,009 fake firms involved in fraudulently passing input tax credit (ITC) worth ₹61,545 crore during 2024-25, officials said.During[more...]
India to generate 8 million jobs per year for next 10-12 years: Chief Economic Advisor Anantha Nageswaran
India has to generate 8 million jobs per year at least for the next 10-12 years and raise the share of manufacturing in Gross Domestic[more...]
No GST on UPI transactions over ₹2,000, clarifies government
The Finance Ministry said the government remains committed to promoting digital payments via UPI. Photo: X/@UPI_NPCI The Government on Friday (April 18, 2025) clarified that it[more...]
Fixed vs. floating interest rate?
Choosing between a fixed and floating interest rate for your loan can significantly impact your financial stability and planning. Understanding the benefits and drawbacks of[more...]
India’s forex reserves increase to $677.83 billion for sixth consecutive week
The forex reserves touched an all-time high of $704.885 billion in September 2024. File | Photo Credit: Reuters India’s forex reserves increased by $1.567 billion[more...]
Donald Trump goes to war with U.S. Federal Reserve over interest rates
File picture of U.S. President Donald Trump U.S. Federal Reserve chief Jerome Powell during Trump’s first term as President | Photo Credit: Reuters Donald Trump’s[more...]
FY25 India pharma exports cross $30 billion, surge 31% in March
A file image is used for representational purpose only. | Photo Credit: Reuters India’s annual drug and pharmaceutical exports touched a record $30 billion in[more...]
Japan reports $63 billion trade surplus with U.S. as it talks with Donald Trump on tariffs
Workers load a container on a cargo ship at an industrial port in Tokyo, Japan. File | Photo Credit: Reuters Japan recorded a trade deficit[more...]
Largest economies must reach agreement on trade issues to preserve openness, says IMF chief
IMF MD Kristalina Georgieva speaks ahead of the IMF/World Bank Spring Meetings, at the IMF headquarters in Washington, D.C., U.S., on April 17, 2025. |[more...]
Gold continues to glitter for 2nd day; hit fresh peak of ₹95,935/10 g
Gold bars are displayed at a gold jewellery shop. File | Photo Credit: Reuters Gold prices continued their upward trend for the second straight session,[more...]
Shaping a response to the U.S.’s reciprocal tariffs
‘It is clear that the U.S. tariff initiative is only its opening gambit’ | Photo Credit: Getty Images/iStockphoto President Donald Trump’s announcement of reciprocal tariffs[more...]
China’s economy grows at 5.4% annual pace in January-March as Beijing touts open trade
China’s economy expanded at a 5.4% annual pace in January-March, the government said on Wednesday (April 16, 2025), supported by strong exports ahead of U.S.[more...]
SEBI reviewing regulation restricting business activities of AMCs
The Securities and Exchange Board of India (SEBI) is reviewing the mutual fund regulations that place restrictions on the business activities of asset management companies[more...]
China’s exports jump 12.4% in March as bigger U.S. tariff hikes loom
A view of electric vehicles (EV) for export and containers sitting at a port in Shanghai, China | Photo Credit: via Reuters China's exports jumped[more...]
Diesel demand growth falls to lowest since COVID-19 pandemic
Image for representation | Photo Credit: The Hindu Growth in demand for diesel, India's most consumed petroleum product, fell to its lowest since the pandemic[more...]
India preparing to ship 40,000 tonnes of shrimp to U.S. after tariff pause
Shrimp being processed in an export unit in Andhra Pradesh. File | Photo Credit: Special Arrangement India's seafood exporters are preparing to ship 35,000-40,000 tonnes[more...]
EAM Jaishankar at 9th Global Technology Summit: India sees “urgency” in finalising US, UK, EU trade pacts
External Affairs Minister S. Jaishankar speaks during the Global Technology Summit, in New Delhi. Courtesy: X/@DrSJaishankar The United States’ recent tariffs have “focused our minds[more...]
Developed world more reliable trading partner than China, says Piyush Goyal
Union Commerce Minister Piyush Goyal. | Photo Credit: SHIV KUMAR PUSHPAKAR Union Minister of Commerce and Industry Piyush Goyal on Friday (April 11, 2025) indicated[more...]
Industrial production slows, IIP at 6-month low of 2.9% in February 2025
Image used for representative purpose only. | Photo Credit: Reuters The Index of Industrial Production (IIP) grew at its slowest rate in six months, clocking[more...]
India has potential to be key player in automotive global supply chain: NITI Aayog report
As the world transitions toward electric mobility, Autonomous Driving , Advanced Driver Assistance Systems (ADAS), the Internet of Things (IoT), and sustainable production, the Indian automotive sector[more...]
Rupee makes recovery; gold at all-time high of ₹96,450
Image used for representative purpose only. | Photo Credit: Reuters After three consecutive days of decline, the rupee on Friday made a strong recovery, gaining[more...]
Dollar slides to decade-low vs Swiss franc as U.S. assets hit by loss of confidence
Image used for representational purposes. | Photo Credit: Reuters The dollar slumped on Friday (April 11, 2025) as waning confidence in the U.S. economy prompted[more...]
Wall Street drops 3% despite encouraging inflation data as Trump’s trade war still weighs
Traders work on the floor of the New York Stock Exchange, Thursday, April 10, 2025. | Photo Credit: AP U.S. stocks on Thursday (April 10,[more...]
Rate cut, change in stance a timely move: SBI chairman
File picture of SBI Chairman C.S. Setty | Photo Credit: PTI The RBI rate cut on Wednesday (April 9, 2025) that was coupled with the[more...]
Donald Trump raises taxes on Chinese imports to 125%, pauses tariffs on most nations for 90 days
U.S. President Donald Trump on Wednesday (April 9, 2025) raised tariffs on China to 125%, hours after China boosted taxes on American imports to 84%[more...]
RBI governor Sanjay Malhotra announces MPC decision: Repo rate reduced by 25 bps to 6% amid Trump’s tariffs
RBI Governor Sanjay Malhotra announced the first bi-monthly monetary policy of the current fiscal. File | Photo Credit: Reuters The Monetary Policy Committee (MPC) of[more...]
New U.S. tariffs on China to hit 104% on April 9: White House
U.S. President Donald Trump arrives on the South Lawn of the White House on April 6, 2025. | Photo Credit: Reuters Additional U.S. tariffs on[more...]
China’s unfair trade practices behind global turmoil: Piyush Goyal
Union Minister of Commerce and Industry Piyush Goyal speaks at the Global Forum NXT 25 event in Mumbai on April 7, 2025. Photo: X/@PiyushGoyal Union[more...]
Market mayhem hits ‘pandemic time’ investors hard
Retail investors who had flocked to the market at the time of COVID outbreak are believed to be the worst hit by the market mayhem.[more...]
Indian shares sink on global trade war, U.S. recession fears
The Nasdaq index confirmed it entered a bear market on Friday (April 4, 2025), as oil prices and other commodities plunged amid a massive global[more...]
RBI likely to cut interest rates by 25 bps on April 9: Experts
Retail inflation slipped to seven-month low of 3.61% in February mainly due to easing prices of vegetables, eggs, and other protein-rich items, creating space for[more...]
India’s services sector growth eases slightly in March
Represenatational image. | Photo Credit: The Hindu India's services sector activity eased slightly in March, weighed down by a marginal slowdown in sales amid softer[more...]
Boost financial regulators’ autonomy: IMF-World Bank
Wings clipped: RBI has limited power to compel PSB mergers, pre-approve/sack board members and supersede boards. File | Photo Credit: Reuters The power and independence[more...]
U.S. tariffs may pare India’s FY26 real GDP growth by up to 0.3%: Economists
U.S. President Donald Trump’s tariffs will pare India’s Gross Domestic Product (GDP) growth for fiscal 2026 by a range of 0.2% to 0.4%, according to[more...]
Trump tariffs | Sectors in India that find themselves in a spotlight
U.S. President Donald Trump’s “liberation day” reciprocal tariffs announced Wednesday marred all expectations of any relief from the trade policy that has unnerved markets for[more...]
EAM Jaishankar: Global order under churn, every region needs to look out for itself
External Affairs Minister S. Jaishankar with Minister of Foreign Affairs of Thailand Maris Sangiampongsa during the 20th BIMSTEC Ministerial Meeting in Bangkok, Thailand. | Photo[more...]
Asian economies growth may dip as retaliation may not be an option for most: Barclays note
Asian economies may not resort to retaliation to the tariffs announced by U.S. President Donald Trump and may opt for negotiation, according to Barclays. Barring China[more...]
U.S. tariffs may impact India’s agriculture, machinery, pharma, electrical, chemical sectors: Experts
Goods from sectors, including agriculture, precious stones, chemicals, pharma, medical devices, electricals, and machinery may get impacted if the U.S. will go ahead with imposing[more...]
Who is Poonam Gupta, the NCAER Director General appointed as RBI Deputy Governor?
Poonam Gupta is also a member of the Economic Advisory Council to the Prime Minister and Convener of the Advisory Council to the 16th Finance[more...]
RBI to buy ₹80,000 crore in G-Secs citing “evolving liquidity conditions”
The Reserve Bank of India announced the injection of ₹80,000 crore by buying government securities citing “evolving liquidity conditions,” according to a statement on April[more...]
U.S. flags India’s burdensome import requirements as trade barrier ahead of Trump’s tariffs
Representational file image. | Photo Credit: Reuters The United States has flagged concerns over India's increasing and burdensome import-quality requirements, among its many barriers to[more...]
Regulator proposes tweak in pipeline tariffs; CNG and piped gas to be charged lowest rate
As per Minimum Work Programme for which commitments have been taken from these entities, the country will have 120 million PNG (domestic) connections and 17,500[more...]
Is India firmly positioned to manage U.S. sanctions on Russian oil?
FILE PHOTO: A sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November[more...]
RBI to hike ATM charges to ₹23/withdrawal beyond free monthly usage from May 1
A view of Reserve Bank of India logo outside its headquarters in Mumbai. File | Photo Credit: Emmanual Yogini The Reserve Bank on Friday (March[more...]
India to grow at 6.5% in FY26: EY Report
According to revised national accounts data released by NSO last month, real GDP growth rates for FY23 to FY25 are now estimated at 7.6%, 9.2%[more...]
India, U.S. decide to hold sector-specific talks for proposed trade pact in coming weeks
India and the U.S. have decided to hold sector-specific talks in the coming weeks to finalise the structure of the proposed bilateral trade agreement (BTA),[more...]
India weighs scrapping import tax on U.S. LNG, boost purchases, sources say
“LNG imports are on track to average about 27-28 million tonnes in this fiscal year, with U.S. supplies accounting for 20%-25% of that,” a source[more...]
India, U.S. to hold wrap-up session on Saturday on proposed trade pact; talks in early stages: Sources
India and the visiting U.S. officials have decided to hold a wrap-up session on Saturday (March 29, 2025) morning to conclude the three-day talks on[more...]
‘India unlikely to go in for across-the-board tariff cuts’
India is not likely to opt for across-the-board tariff reduction and may instead work around reciprocal tariffs by easing non-tariff barriers, according to economists at[more...]
Trump tariff on imported cars: Jaguar Land Rover, auto parts units may take a hit
Image for representation. | Photo Credit: Reuters U.S. President Donald Trump’s announcement to impose a steep 25% tariff on imported cars and auto parts will[more...]
Trump’s auto tariffs to have minimal impact on India’s automobile sector: GTRI
The U.S. imported $89 billion worth of auto parts globally last year, with Mexico accounting for $36 billion, China for $10.1 billion, and India for[more...]
GST 2.0 needed to streamline procedures, ease compliance through tiered approach: PAC
Representative image | Photo Credit: Getty Images Batting for a simplified Goods & Services Tax (GST) regime, Parliament’s Public Accounts Committee (PAC) has recommended that[more...]
Non-performing assets of banks at multi-year low, profits up: Finance Minister
Union Finance Minister Nirmala Sitharaman speaks in the Rajya Sabha during the Budget Session of the Parliament in New Delhi on March 26, 2025 |[more...]
India eyes tariff cut on $23 billion of U.S. imports, to shield $66 billion in exports, say sources
A file image is used for representational purpose only. | Photo Credit: Reuters India is open to cutting tariffs on more than half of U.S.[more...]
Easing FPI threshold can induce capital inflow, say experts
The Securities and Exchange Board of India’s (SEBI) decision to increase the threshold for FPIs to start making granular disclosures, to ₹50,000 crore, may increase[more...]
How will Trump’s decision to impose tariff on countries buying Venezuelan oil impact India
U.S. President Donald Trump’s statement comes just ahead of the April 2 date, from when the U.S. President intends to levy reciprocal tariffs on on numerous[more...]
SEBI to constitute committee to decide on conflict of interest of board members
In the back of conflict-of-interest allegations being hurled at the regulator in the recent past, the Securities & Exchange Board of India (SEBI) board at[more...]
Government withdraws 20% export duty on onion effective April 1
Image used for representative purpose only. File | Photo Credit: H. Vibhu The Government on Saturday (March 22, 2025) announced the withdrawal of 20% export[more...]
Nearly 30 tonnes of GI-tagged jaggery from U.P.’s Muzaffarnagar exported to Bangladesh
A file image is used for representational purpose only. | Photo Credit: Sushil Kumar Verma A consignment of 30 tonnes of Geographical Indication (GI)-tagged jaggery[more...]
Bank IPOs and the great boomerang
After mind-blowing returns given by the likes of HDFC Bank and Kotak Mahindra Bank in the last decade, many investors were hoping to find the[more...]
Fitch cuts global GDP growth forecast to 2.3% on U.S. trade war
Global nominal GDP growth rate is expected to be below 2.2% in 2026 as well. File | Photo Credit: Reuters Fitch ratings cut global GDP growth[more...]
SEBI eases mandatory investment norms for AMC employees
The Nomination and Remuneration Committee or its equivalent in an AMC will have to conduct a preliminary examination and submit recommendations to SEBI in case[more...]
India’s $23 billion PLI scheme to rival China factories to lapse after it disappoints
Prime Minister Narendra Modi’s government has decided to let lapse a $23 billion program to incentivize domestic manufacturing, just four years after it launched the[more...]
UPS: PFRDA notifies assured pension scheme for government employees
The Pension Fund Regulatory and Development Authority (PFRDA) on Thursday (March 20, 2025) notified the operationalisation of the Unified Pension Scheme (UPS) which promises an[more...]
Migration of labour from low-income states resulting in higher inflation in Kerala, TN: SBI study
Higher purchasing power anchors higher inflation, and thus southern states have higher inflation, suggests an SBI study. | Photo Credit: Thulasi Kakkat The migration of[more...]
Parliamentary proceedings: Govt using almost entire borrowings in FY’26 towards capex, says Sitharaman in Lok Sabha
Union Finance Minister Nirmala Sitharaman speaks in the Lok Sabha during the Budget session of Parliament, in New Delhi, on February 11, 2025. | Photo[more...]
To switch or not to: The old IT regime vs the new
The Union Budget 2025 has once again brought the debate between the old and new tax regimes into focus. While the government continues to promote[more...]
Why personal accident insurance is a lifeline
In 2023, road accidents in India claimed almost 1.73 lakh lives and left 4.63 lakh injured, as per according to data shared by States with[more...]
Wholesale inflation climbs up to 2.38% as manufacturing products become dearer
Representational image of a vegetable market in Coimbatore / The Hindu. | Photo Credit: Siva Saravanan S. Wholesale inflation increased to 2.38% as cost of[more...]
India’s goods trade deficit at a 42-month low on reduced gold, silver and crude imports
India’s gold and silver imports were at $2.7 billion, which is the lowest since June 2024, when the value was $2.5 billion. | Photo Credit:[more...]
India to gain in an uncertain world of tariffs, says SBI report
Representational image of U.S. President Donald Trump | Photo Credit: Reuters As tariff action by U.S. President Donald Trump looms large, the State Bank of[more...]
PM Modi at Global Investors Summit 2025: World Bank says India will continue to be fastest growing economy
Prime Minister Narendra Modi addresses the Global Investors Summit 2025, in Bhopal, Madhya Pradesh on February 24, 2025. Photo: PMO via PTI Prime Minister Narendra[more...]
Retail inflation eases slightly to 4.61% for farm workers, 4.73% for rural labourers
Photo used for representation purpose only. | Photo Credit: The Hindu Retail inflation for farm and rural workers eased slightly to 4.61% and 4.73%, respectively,[more...]
House panel members question government on impact of corporate tax cut
The Parliamentary Standing Committee on Finance headed by BJP MP Bhartruhari Mahtab (in picture) met officials from the departments of Economic Affairs, Expenditure, Financial Services,[more...]
India seeks advisers for minority stake sales in State-run banks, financial firms
Image used for representational purpose. | Photo Credit: Reuters India has invited bids to appoint merchant bankers and legal advisers to sell the government's minority[more...]
Gold hits $3,000/oz for first time in historic safe-haven rally
Gold broke through the key $3,000 barrier on Friday for the first time as investors piled on to a historic rally in the safe haven[more...]
Is rising consumer credit cause for concern?
For representative purposes. | Photo Credit: Getty Images The release of the Financial Stability Report (FSR) 2024 by the Reserve Bank of India (RBI) has called[more...]
Industrial output grows at 8-month high of 5%
Industrial output growth quickened to an eight-month high of 5% in January on expansion in manufacturing and mining sectors, according to data from the National[more...]
Women hold just 1 in 5 blue collar jobs, wage gap and career barriers persist: Study
Himanshi, a certified remote pilot trained under the government-backed ‘Drone Sister’ programme, pouring liquid fertiliser into a drone, to spray it over a farm in[more...]
Equity MF inflows at ₹29,300 crore, among lowest in FY2025
Image used for representational purposes. | Photo Credit: Getty Images/iStockphoto Net inflows into equity mutual funds were down 27% to ₹29,300 crore, making it among[more...]
Retail inflation eases to a seven month low of 3.61% in February
Image for representative purpose | Photo Credit: Reuters India’s CPI inflation slipped to a seven-month low of 3.61% in February 2025, beating the Reuters estimate[more...]
‘Centre seeks to cut states’ share of central taxes from 2026’
The Union government is seeking to cut the central tax revenues that states receive, three sources with the direct knowledge of the matter said.The suggestion[more...]
What is behind the rise of quick commerce? | Explained
For representative purposes. The story so far: Quick commerce’s initial utility was presented to under-lockdown customers during the COVID-19 pandemic. However, the youngest avenue of[more...]
Canada’s Ontario Province slaps 25% tax increase on electricity exports to U.S.
Ontario Premier Doug Ford responds to U.S. President Donald Trump’s new 25% tariffs on imports from Mexico and Canada, in Toronto, Ontario, Canada on March[more...]
Comment | Centring care in India’s economic policy
Expanding childcare centres, eldercare support, and assistive technologies would ease women’s care burden, and boost their workforce participation. Representational file image. | Photo Credit: R.[more...]
Gold, silver lack lustre – The Hindu
Image used for representational purposes. Precious metals continued to move higher in February with Comex gold scaling past the psychological $2,900 mark. Gold prices marched[more...]
The Trump administration may exclude government spending from GDP, obscuring the impact of DOGE cuts
Commerce Secretary Howard Lutnick said Sunday that government spending could be separated from gross domestic product reports, in response to questions about whether the spending[more...]
ECB to cut rates again as debate heats up on pause
The European Central Bank is expected to cut interest rates again this week in a bid to boost the floundering eurozone economy, even as debate[more...]
The implications of treating Virtual Digital Assets as taxable properties
As digital economies expand and blockchain technology reshapes global finance, governments worldwide are grappling with the classification, regulation and taxation of Virtual Digital Assets (VDAs).[more...]
Rising gold loans show Modi government’s ‘utter incompetence’ in managing the economy, says Congress
Photo used for representation purpose only. | Photo Credit: The Hindu The Congress on Tuesday (March 4, 2025) cited a report of the Reserve Bank[more...]
India’s services sector growth sees sharp uptick in February: PMI
Advertising, better customer relations, efficiency gains and healthy demand conditions all underpinned upbeat projections for output in the year ahead. Representational image. | Photo Credit:[more...]
U.S. eyes zero tariff on cars in India trade deal as Tesla entry nears: sources
Tesla CEO Elon Musk meets Prime Minister Narendra Modi, in Washington, D.C., U.S. File. | Photo Credit: @narendramodi via X/via REUTERS The United States wants[more...]
J&K economy expected to grow at 7.06% in 2024-25: Economic Survey
The economy of Jammu and Kashmir is projected to grow at 7.06% in real terms, while the nominal Gross State Domestic Product (GSDP) is expected[more...]
Aiming for last mile delivery of care with digital infrastructure: PM Modi
Prime Minister Narendra Modi addresses a post-budget webinar on boosting job creation. | Photo Credit: PMO website via PTI Capacity-building and talent-nurturing will prove to[more...]
India’s millionaire population rise 6% in 2024; number of billionaire reaches 191: Knight Frank
Image used for representational purpose. | Photo Credit: Reuters Number of Indian high-net-worth individuals (HNWIs), those having assets more than $10 million, rose 6% last[more...]
New model bilateral investment treaty to be attuned to demands of global investment environment: CEA
Chief Economic Adviser V. Anantha Nageswaran | Photo Credit: The Hindu Chief Economic Adviser V Anantha Nageswaran on Tuesday (March 4, 2025) said the new[more...]
PM Modi at post-Budget webinar on MSME: Industry should take big steps in manufacturing, take advantage of opportunities available
Prime Minister Narendra Modi addresses post-Budget webinar on MSME sector. | Photo Credit: PTI Prime Minister Narendra Modi on Tuesday (March 4, 2025) asked the[more...]
Manufacturing PMI slides to 56.3 in February on 14-month slowdown in sales growth
Representational image only. File | Photo Credit: The Hindu India’s private sector manufacturing activity, as measured by the HSBC Manufacturing Purchasing Managers Index, slowed to[more...]
Relevance of gold as asset class to rise in coming years: Chief Economic Advisor Nageswaran
Chief Economic Advisor V. Anantha Nageswaran. File | Photo Credit: The Hindu “Gold will remain relevant for investors as a portfolio diversification mechanism with a[more...]
India’s GDP growth forecast: Indian economy grew at 6.2% in Q3 GDP data of 2024-25, down from 9.5% in the previous year
Image used for representational purposes. | Photo Credit: Getty Images/iStockphoto India’s real Gross Domestic Product (GDP) grew 6.2% in the October to December 2024 period,[more...]
Indian digital economy ranked 28th on user spending: report
Indian users and firms rank well in “harnessing” the technology that they already have access to, the report says. File | Photo Credit: Reuters While[more...]
PM Modi calls for speedy implementation of agriculture budget, keeping focus on action
In this image provided by PMO, Prime Minister Narendra Modi addresses during a post-budget webinar on agriculture and rural prosperity, in Delhi, on March 1,[more...]
GST collections rise 9.1% to ₹1.84 lakh crore in February
Net GST collections during February 2025 grew 8.1% to about ₹1.63 lakh crore. File. | Photo Credit: PTI Gross GST collections rose by 9.1% to[more...]
Core sector output growth slowed to 4.6% in January
Cement output rose to 14.5% in January | Photo Credit: Reuters The output of eight key infrastructure sectors rose by 4.6% in January against a[more...]
India needs to grow at average 7.8% to become high-income country by 2047: World Bank
“India will need to grow at an average of 7.8% to become a high-income country by 2047,” a World Bank report said on Friday (February[more...]
Revenue Secretary Tuhin Pandey appointed SEBI chief
Tuhin Kanta Pandey. File | Photo Credit: ANI The government on Thursday (February 27, 2025) appointed Finance and Revenue Secretary Tuhin Kanta Pandey as the[more...]
Domestic passenger vehicle sales expected to grow 4-7% in FY26: ICRA
As far as the domestic commercial vehicle (CV) industry is concerned, it is expected to register a marginal growth in FY26. File Photo: www.icra.in Passenger[more...]
‘FIIs optimistic on India in the medium term despite being net sellers’
Foreign Institutional Investors (FII) are positive about India’s outlook in the next three to five years due to a relatively stable policy atmosphere among other[more...]
India needs 1.2-1.5 tax buoyancy to achieve 6.5-7% growth: EY
A noted economist, D.K. Srivastava is an Honorary Professor at Madras School of Economics and Member of the Advisory Council to the 15th Finance Commission.[more...]
Govt plans National Green Financing Institution to achieve climate goals: NITI Aayog
The Government is working to set up a National Green Financing Institution to support its net-zero target by 2070, as current finance flows for climate[more...]
Do you have decent work?
Decent work is a key part of the United Nations’ 2030 Agenda for Sustainable Development. | Photo Credit: Sreenivasa Murthy V With unemployment rates skyrocketing[more...]
India to host 12th Regional Circular Economy conference in Jaipur
India will host the 12th regional 3R (reduce, reuse, recycle) and Circular Economy Conference in Asia and the Pacific in Jaipur from March 3-5, Union[more...]
India, U.K. discuss advancing FTA talks
Commerce and Industry Minister Piyush Goyal (R) with U.K. Secretary of State for Business and Trade Jonathan Reynolds on February 24, 2025. Photo: X/@PiyushGoyal India[more...]
Centre likely to raise deposit insurance limit from ₹5 lakh
M Nagaraju, Secretary, Department of Financial Services addresses the Confederation of Indian Industry (CII post budget session, in New Delhi. | Photo Credit: ANI The[more...]
A 11-year high of 55% urban residents report stagnant income in 2025
Over 80% of urban consumers said spending on essential items has increased. | Photo Credit: STAFF Urban consumers in India began the new year with[more...]
Will the new ‘lucid’ Income Tax bill reduce disputes and litigation?
The story so far: Finance Minister Nirmala Sitharaman introduced the Income Tax Bill, 2025, in Lok Sabha on February 13 to make India’s direct tax[more...]
Piyush Goyal: India, U.S. committed to boost trade to $500 billion through strong agreement in next 6-8 months
Union Minister of Commerce and Industry Piyush Goyal said India and the U.S. are committed to increasing bilateral trade to $500 billion and negotiating a[more...]
Qatar Amir India visit: Ready to take steps to speed up talks for investment promotion, protection pact with India, says Qatar
Amir of Qatar meets PM Modi, President Murmu | Video Credit: The Hindu Qatar on Tuesday (February 18, 2025) said it is ready to take[more...]
Flash India PMI expands to 60.6 in February on robust service sector indicators
Image used for representative purpose only. | Photo Credit: Reuters India’s service sector activity, as measured by the HSBC Flash India Composite Purchasing Managers’ Index[more...]
Government extends tenure of CEA Anantha Nageswaran till March 2027
Prior to taking over as CEA, Anantha Nageswaran worked as an author, teacher and consultant. He has also been a part-time member of the Economic[more...]
‘GDP likely to grow at a slower 6.4%-6.6% in Q3FY25 on geopolitical pressures’
India’s Gross Domestic Product (GDP) is expected to grow at a slower rate of 6.4% to 6.6% in the third quarter of fiscal 2025 (FY25) as[more...]
High frequency indicators point at sequential pickup in economic activity: RBI bulletin
File image. | Photo Credit: Reuters High frequency indicators, like vehicles sales, air traffic, steel consumption and GST E-way bills, point towards a sequential pickup[more...]
SBI pegs India’s Q3FY25 GDP growth at 6.2%-6.3%
Representational image. | Photo Credit: REUTERS The Economic department of State Bank of India (SBI) has pegged India’s Gross Domestic Product (GDP) growth for Q3[more...]
Slight dip in unemployment rate in urban areas: survey
Job seekers at a job mela in Hyderabad. File | Photo Credit: The Hindu The unemployment rate in the urban areas of the country was[more...]
Economy expected to grow 6.4% in Q3: ICRA
Representational image only. Photo: wikimedia.org Investment Information and Credit Rating Agency (ICRA) on Tuesday (February 18, 2025) projected India’s GDP to grow 6.4% in the[more...]
FII outflows show India offering higher returns to investors: FM
Union Finance Minister Nirmala Sitharaman speaks to the media after a Post-Budget interaction, in Mumbai on Monday. Union Minister of State for Finance Pankaj Chaudhary[more...]
India’s exports contract 2.38% to $36.43 billion in January
During April-January period this fiscal, exports increased by 1.39% to $358.91 billion. File | Photo Credit: Vipin Chandran India’s merchandise exports dipped by 2.38% to[more...]
Falling food prices push January inflation to five-month low of 4.31%; edible oil inflation spikes to 33-month high
Food inflation during the month of January is mainly attributed to decline in inflation of vegetables and other items. | Photo Credit: Sushil Kumar Verma[more...]
Announcement of India-U.S. trade agreement has boosted biz confidence: Piyush Goyal
Union Minister of Commerce and Industry Piyush Goyal. File. | Photo Credit: PTI The announcement to negotiate a bilateral trade agreement between India and the[more...]
Industrial output growth skids to four-month low of 3.2%
Image for representative purpose | Photo Credit: PTI India’s industrial output growth dropped to a four-month low of 3.2% in December, with manufacturing and mining[more...]
Wholesale price inflation eases to 2.31% in January 2025
File picture of activity at an open-air evening market in Ahmedabad. Image for representation | Photo Credit: Reuters India’s wholesale price inflation eased fractionally from[more...]
BJP MP Baijayant Jay Panda to head 31-member select committee to examine Income Tax Bill
Baijayant Jay Panda. File | Photo Credit: The Hindu The select committee of the Lok Sabha, which will examine the Income-Tax Bill, 2025, was constituted[more...]
Modi-Trump meeting: Reciprocal tariffs by U.S. may not hurt India much says GTRI
Prime Minister Narendra Modi and U.S. President Donald Trump shake hands as they deliver a joint press statement after their meeting at the White House,[more...]
Food prices to be under control, critical imports mired in uncertainty: Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman speaks in the Rajya Sabha during the Budget session of Parliament, in New Delhi, Thursday, Feb. 13, 2025. | Photo[more...]
What is contributing to the downturn in Indian markets? | Explained
For representative purposes. | Photo Credit: iStockphoto The story so far: For the sixth consecutive day, BSE Sensex closed lower on Wednesday reflective of a[more...]
Government, RBI, FC should work together to enforce fiscal discipline in states: NCAER
The Union Government, RBI and Finance Commission should work together to enforce fiscal discipline in states, a research paper by the National Council of Applied[more...]
Economy on speedy rebound, India to remain fastest growing nation: Sitharaman
Finance Minister Nirmala Sitharaman speaks in the Lok Sabha on February 11, 2025. Photo: Sansad TV via PTI India’s economy is in the midst of[more...]
Net direct tax kitty swells 15% to ₹17.78 lakh crore till Feb 10
Net collections from securities transaction tax is pegged at ₹55,000 crore in this fiscal in the Revised Estimates, higher than the Budget Estimate. File |[more...]
Labour Ministry inks pact with FoundIt, to bring 10 lakh more jobs on National Career Service portal annually
An MoU was signed in the presence of Union Minister of Labour & Employment Mansukh Mandaviya and aims to enhance international and domestic employment opportunities[more...]
India may offer lower duties on pecan nuts to cool Trump’s tariff barbs
U.S. President Donald Trump with Prime Minister Narendra Modi. Mr. Modi’s bilateral meetings with Mr. Trump may include some offers for further reductions in import[more...]
Vidarbha important for Maharashtra’s $1 trillion economy goal: Union Minister Piyush Goyal
Union Ministers Piyush Goyal and Nitin Gadkari at the Advantage Vidarbha 2025, in Nagpur, on February 9, 2025 | Photo Credit: PTI Maharashtra will become[more...]
Hope to introduce new income tax bill in Lok Sabha next week: Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman, Reserve Bank of India Governor Sanjay Malhotra and Directors during the 613th Meeting of Central Board of Directors (CBD) of[more...]
Is private investment expected to rise? | Explained
Image used for representation only. | Photo Credit: Getty Images The story so far: With the government providing a tax stimulus through income tax breaks[more...]
RBI in sync with government on growth focus, says Sitharaman
Union Finance Minister Nirmala Sitharaman, RBI Governor Sanjay Malhotra and Directors at a meeting in New Delhi on February 8, 2025. | Photo Credit: PTI[more...]
India’s forex reserves rise $1.05 bln to $630.607 bln
Image used for representation purpose only. | Photo Credit: The Hindu India's forex reserves rose $1.05 billion to $630.607 billion for the week ended January[more...]
Cabinet clears new income tax bill
Finance Minister Nirmala Sitharaman had announced in Budget 2025 that the new tax bill will be introduced in the ongoing session of Parliament. | Photo[more...]
RBI Monetary Policy 2025 key highlights: Repo rate cut to 6.25%, GDP likely to be 6.4%
Reserve Bank of India. File | Photo Credit: Reuters In a bid to add to the momentum of the Budgetary reliefs announced by the Centre,[more...]
Gold demand in India sees 5% rise at 802.8 tonnes in 2024, 2025 projection at 700-800 tonnes: WGC
Gold demand in India witnessed a 5% on-year rise at 802.8 tonnes in 2024 supported by reduction in import duty, and purchases related to weddings[more...]
A tough call: On the RBI MPC’s first policy review of 2025
The Reserve Bank of India’s Monetary Policy Committee (MPC) will conclude its first policy review of 2025 on Friday (February 7, 2025), in significantly different[more...]
A Budget that is mostly good but with one wrong move
‘The overarching aim of the Budget was to accelerate growth and push India towards a developed country status’ | Photo Credit: PTI The Union Budget[more...]
India’s services sector growth sees slowest pace of growth in over two years in January: PMI
India’s services sector lost growth momentum in January 2025, although the PMI remained well above the 50-break-even level. File photo | Photo Credit: The Hindu[more...]
Tax cuts to boost demand, growth: S&P Global
S&P Global logo | Photo Credit: Reuters Budget 2025-26 will boost India’s growth over the next few years, thanks to domestic demand driven by income[more...]
Delhi’s gender budget: its decline and impact
Students celebrating their success after the announcement of the CBSE class 10th exam results, on May 12, 2023. | Photo Credit: SHIV KUMAR PUSHPAKAR There[more...]
The kind of jobs needed for the ‘Viksit Bharat’ goal
At a job fair in Kochi, Kerala, in 2023 | Photo Credit: The Hindu/THULASI KAKKAT The Union Budget has been presented, and this is the[more...]
Making health system push economic growth: a case of missed opportunity
To make our economy grow, we need to push private consumption. To increase private consumption, people need more disposable income. For that, one route is[more...]
Union Budget 2025: Tax break will give a fillip to slowing economy, says Centre
Union Finance Secretary Tuhin Kanta Pandey. | Photo Credit: The Hindu The Centre’s decision to significantly slash the income tax payer’s burden was aimed at[more...]
Union Budget 2025: A responsive Budget that banks on India
P.B. Balaji, Group CFO, Tata Motors The Union Finance Minister has delivered a growth-oriented budget that reaffirms the government’s commitment to attain the larger purpose[more...]
Union Budget 2025: Government to remove FDI cap for insurers
Cover for all: The reform is about reshaping insurance landscape to ensure every individual, business can access risk protection | Photo Credit: Sushil Kumar Verma[more...]
Budget 2025 LIVE updates: Bihar gets three schemes in Nirmala Sitharaman’s Budget
Proposals for agriculture:PM Dhan Dhanya Krishi Yojana, a developing agri-districts programme, will cover 100 districts. A national mission for high yielding seeds will be launched. A comprehensive[more...]
Rise in female labour force participation driven by rural push, says Economic Survey
Village women work under MGNREGA scheme at Jagannath Prasad village in Ganjam district, Odisha on Saturday. | Photo Credit: PTI There had been a consistent[more...]
Union Budget 2025: 37 old and new schemes to look out for on Budget day
New Delhi: Union Minister for Finance & Corporate Affairs Nirmala Sitharaman chairs the eighth pre-budget consultation in New Delhi, on Jan. 6, 2025. With Budget[more...]
Former RBI governor calls for greater Centre-State cooperation in fiscal federalism
Former RBI Governor Duvvuri Subbarao delivering the third BPR Vithal Memorial Lecture on ‘India’s Fiscal Federalism – Quo Vadis?” at BPR Vithal Auditorium in the[more...]
How can the Budget arrest growth decline? | Explained
The Indian economy is going through a rough patch as was evident from the recently released provisional estimates of its Gross Domestic Product (GDP). The[more...]
U.K. Chancellor backs third Heathrow runway, cuts regulation in a bid for growth
Britain’s Chancellor of the Exchequer Rachel Reeves speaks in Eynsham, England on January 29, 2025. | Photo Credit: AP Following months of poor economic growth[more...]
Tech stocks tumble as DeepSeek threatens to upend the AI industry; Nvidia down 17%
Wall Street’s superstars are tumbling Monday as a competitor from China threatens to upend the artificial-intelligence frenzy they've been feasting on.The S&P 500 was down[more...]
ECB’s Lagarde warns over cost of losing independence
Central bank independence is being challenged in parts of the world and greater political influence could undermine banks' ability to keep inflation down, risking economic[more...]
RBI Governor asks banks to have robust systems to curb digital frauds
Reserve Bank of India (RBI) Governor Sanjay Malhotra. | Photo Credit: Reuters Flagging the rising digital frauds, RBI Governor Sanjay Malhotra on Monday urged banks[more...]
India to ditch privatisation plans, pour billions in state-run firms, sources say
File photo of Prime Minister Narendra Modi. | Photo Credit: ANI Prime Minister Narendra Modi is pouring billions into ailing state-run firms after slowing ambitious[more...]
World Economic Forum 2025 Day 3 LIVE: Focus on trade, tariffs, AI and U.N. chief Guterres’ speech in Davos
India’s global capability centres transform from cost-arbitrage to innovation hubs: Indian leaders at DavosThe global capability centres in India have transformed from being centres of[more...]
Where is the Indian Rupee headed?
By some accounts, four Indian rupees could have got you one US dollar in 1947. Now, you need close to 87 rupees to buy one[more...]
Private sector activity slides to a 14-month low in January: PMI
Representative image | Photo Credit: Reuters In a sobering first indicator about India’s economy in 2025, private sector activity appears to have hit the brakes[more...]
Supreme Court refuses to entertain PIL seeking scrapping of TDS system under IT law
Representative image | Photo Credit: Getty Images The Supreme Court on Friday (January 24, 2025) refused to entertain a petition to scrap the tax deducted[more...]
Odisha, Chhattisgarh, Goa among top-performing States in NITI Aayog’s fiscal health index
The report titled ‘Fiscal Health Index 2025’ ranked States for 2022-23, covering 18 major States that drive the Indian economy in terms of their contribution[more...]
India’s forex reserves decline by $1.88 billionn to $623.983 billion
Image used for representative purpose only. | Photo Credit: Reuters India's forex reserves dropped by $1.88 billion to $623.983 billion in the week ended January[more...]
Centre hikes MSP on jute by ₹315 per quintal
Farmers harvesting their jute crops in flood waters in Gagolmari village of Morigaon district of Assam. | Photo Credit: The Hindu The Cabinet Committee on[more...]
World Economic Forum 2025 Day 4 highlights: NATO chief Rutte reaffirms need to step up support for Ukraine
Of 29 MoUs signed in Davos, only one company from outside India: Aaditya targets state govtShiv Sena (UBT) leader Aaditya Thackeray on Thursday targeted the[more...]
Union Minister Vaishnaw takes part in series of meetings at WEF 2025
Union Minister Ashwini Vaishnaw during a meeting with Swiss Federal Railways (SBB) delegation, in Switzerland on January 22, 2025. Photo: PTI via @AshwiniVaishnaw/X Union Minister[more...]
Disappointing GDP growth numbers indicate a slowdown in the economy, says Congress
Congress leader Jairam Ramesh. File | Photo Credit: PTI The “disappointing” growth numbers in the second quarter of the gross domestic product (GDP) are not[more...]
Is Trump justified in asking EU to buy more oil and gas from the U.S.?
In July 2024, the EU sourced close to 15% of its crude oil from the U.S | Photo Credit: Peter Boer U.S. President-elect Donald Trump[more...]
Trump tariff threat: India should reciprocate if U.S. imposes additional duties on domestic goods
India should respond with equal measures if the newly elected U.S. President Donald Trump imposes higher tariffs on domestic goods, trade experts say. They noted[more...]
Coimbatore’s automotive firms view EV transition with trepidation, but see an opportunity as well
Antony Raj employs eight workers and runs a computer numerical control machine and lathes in Coimbatore in Tamil Nadu. He receives a stable monthly income[more...]
India at forefront of age defined by tech evolution: WEF report
A logo of the World Economic Forum (WEF) in Davos, Switzerland | Photo Credit: Reuters In an era defined by technological evolution, India stands at[more...]
Poor demand hits investments by private sector in Q3
With domestic demand seen waning amid a spike in inflation and input costs, investment plans by India’s private sector took a notable hit, falling 1.4%[more...]
Retail inflation eases to four-month low of 5.22% in December 2024
Potato is one of the top five items which showed highest year-on-year inflation at All India level in December 2024 at 68.23%. | Photo Credit:[more...]
The impacts of rupee weakening
The Indian rupee recently registered a sharp devaluation with respect to the dollar after remaining stable for over two years or so. What explains such[more...]
Government may introduce new Income Tax bill in Budget session
The government, in the ensuing Budget session of Parliament, is likely to introduce a new income tax bill which seeks to simplify the current I-T[more...]
India’s real growth rate and the forecast
‘In the light of a potential growth rate of 6.5%, the achievement of 6.4% in 2024-25 should not be considered as disappointing’ | Photo Credit:[more...]
World Economic Forum 2025: Andhra Pradesh Minister Nara Lokesh to showcase investment opportunities
Nara Lokesh. File | Photo Credit: Special arrangement Andhra Pradesh Information Technology (IT) and Electronics and HRD Minister & chairman of the State Government’s task force[more...]
RBI announces steps to encourage cross-border transactions in Indian rupee
Image used for representational purpose | Photo Credit: Reuters The Reserve Bank of India (RBI) on Thursday (January 16, 2025) announced liberalised norms to encourage[more...]
China, India seek new supplies as U.S. sanctions tighten grip on Russian oil
FILE PHOTO: An aerial view shows the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia June[more...]
Exports dipped 1% in December, trade gap eased from November’s record high
Overall goods exports are now estimated to be 1.6% higher through the April to December 2024 period at $321.7 billion, while imports have risen 5.15%[more...]
India’s exports contract 1% to $38.01 billion in December
Image used for representative purpose only. | Photo Credit: Reuters India's merchandise exports dipped by about one per cent to $38.01 billion in December 2024[more...]
