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Top News Headlines of September 4, 2025 | The Enforcement Directorate (ED) has summoned former cricketer Shikhar Dhawan to join the ongoing probe in an alleged illegal betting app-linked money laundering case. The development comes days after the central agency questioned former cricketer Suresh Raina for around eight hours.
The Goods and Services Tax (GST) Council, in its 56th meeting which lasted over 10 hours Wednesday, cleared the next-generation reforms under the eight-year old indirect tax regime. This effectively paves the way for a broad two-slab structure of 5 per cent and 18 per cent with a demerit rate of 40 per cent rate only for super luxury, sin and demerit goods.
Urjit Patel, India’s newly appointed Executive Director at the International Monetary Fund and a former Governor of the Reserve Bank of India, has said US punitive tariffs are impacting 55 per cent of Indian goods exports and the immediate pain needs to be mitigated. While much of the global trade remains stable, he said the tariffs have become a major source of investment uncertainty in the country.
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