This comes as Indian exporters have begun facing the pinch of the steep US tariffs with cancelled orders from the US, especially in labour-intensive sectors such as textiles, footwear, and fisheries.

The government will prohibit any person from offering online games in India, failing which they could be imprisoned for up to three years, and penalised Rs 1 crore.

The revised prices will come into effect from September 22, 2025, in line with the updated GST regulations and the move also coincides with the upcoming festive season.

The push for investments by Indian negotiators comes as the EU has committed to investments in the US market under the US-EU trade deal.

Typically, contracts for Russian crude supplied to India are finalised six-eight weeks before delivery, which means that the volumes imported in the first half of September correspond largely to contracts from July, when US President Donald Trump began to publicly target India over its Russian oil purchases.

ITR Filing 2025 Extended Due Date and Time: The extension came after several taxpayers, tax professionals and chartered accountants on social media platform X raised a series of complaints about glitches in the income tax portal over the last few days.

Banks, regulators race to contain rising scam

Officially adopted in August 2016, the Consumer Price Index inflation target of 4% within a tolerance band of 2-6% is required to be revisited every five years and decided by the Central government in consultation with the Reserve Bank of India.

The board also proposed to relax initial public offering (IPO) norms for large issuers and extended timelines to meet the minimum public shareholding for issuers.

In the open house, to be held between 10-10:30 am on all working days, employees can interact with the Governor without any prior appointment, according to an internal circular issued to the staff.

New Delhi has termed the Trump administration’s action “unjustified and unreasonable” and said these imports began as its traditional supplies were diverted to Europe, with the US having “actively encouraged such imports by India for strengthening global energy markets stability”.

As per a PwC India report, the GST rate cuts are expected to push up demand for goods made by the formal sector.

According to Aghi, the India-US relationship is much deeper and broader than India’s potential alignment with China, since Beijing would never accept Indian goods or treat India as an equal.

Panel could also suggest task force with I&B, IT and MEA to counter cross-border misinformation

A large Indian carmaker is learnt to have tweaked its central console to do away with the gear position indicator in its automatic models.

Today, more high-tech services are being exported from India, with firms offshoring tasks such as data analysis to research and development, helping fuel a new wave of services-led growth for India.

An industry executive who did not wish to be named said that if there is a risk of substantial amounts getting stuck within the refund process, it gives way to tendencies of evasion

Apart from meeting domestic needs, the need to ensure that Indian industry is facilitated to enter the export market was mooted. This step, officials said, would allow for a better balancing of shop floor capacity and enhance the industry’s  overall competitiveness.

The tribunal, which issued a few orders against Wahab and his relatives in the case, also appointed a former Kerala High Court judge—Justice S Siri Jagan—as the administrator of Indus Motors in order to “protect the interests of the company and its stakeholders, and to facilitate a smooth and unhindered investigation”.

Group health plans to attract 18 pc; Health insurers to take up to 3 pc input tax burden

The immediate impact of the GST rate cuts on September 22 will be reduced prices – or lower inflation – of hundreds of goods and services, which will encourage consumers to buy more, leading to higher consumption and GDP growth.

On airfares, while the status quo on economy fares is seen as a positive, higher GST rate on premium classes has global airline body IATA disappointed

GST Rate Cut List: While the GST compensation cess on tobacco products will remain for now, the Rs 400-per-tonne cess on coal has been scrapped ahead of its scheduled expiry in March 2026.

The falling expenditure by Indians on foreign studies is in conjunction with a sharp slowdown in education loans given by lenders.