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.

The current account deficit is the difference between exports and imports of goods and services. It is a key indicator of the country's external sector.

Coal-bearing states likely to raise mineral levies to recover revenue

This rise in yields comes down to two key factors: the RBI’s hawkish stance on inflation and concerns over higher government borrowing due to proposed tax reforms.

According to the Chief Economic Advisor, online sales and digital transactions need to be monitored to better understand the state of private consumption in the country.

During the week ended August 29, the BSE’s 30-share Sensex fell 1.84 per cent, or 1,497.2 points, to close at 79,809.65, and the Nifty 50 lost 1.78 per cent, or 443.25 points to finish at 24,426.85. 

During his Independence Day speech, Prime Minister Narendra Modi had said that ‘made in India’ semiconductor chips will be available in the market by the end of 2025.

People born in India are the largest beneficiaries of the H-1B program. Data from the US government show that Indians account for more than 70% of all H-1B petitions approved each year since 2015.

The source said that various methods to boost e-commerce exports are being explored, but there is a major difference of opinion among stakeholders regarding the inventory-based model of e-commerce.

Just last week, IndiGo’s CEO Pieter Elbers had said that the carrier stands ready to resume direct flights to China as soon as the bilateral arrangements between the two countries allow

Gor, who is currently the director of the White House Presidential Personnel Office, will remain in that position until his confirmation, Trump said in a post on Truth Social.

Initially for one month, this ban prohibited Indian aircraft and airlines from overflying Pakistani airspace. India responded on April 30, closing its airspace to Pakistani aircraft and airlines.

"Everyone will shut down paid operations for now, as the industry prepares a legal roadmap to challenge the law," a senior gaming industry executive said.

Proposal will now go to the GST Council: Bihar Deputy CM; FM Sitharaman addressed state ministers on GST overhaul plan

Assessment shows revenue growth rate could slow to 8%, say states.

The government said that the elimination of import duty on cotton as well as Agriculture Infrastructure and Development Cess (AIDC) “is necessary in the public interest” and that notification will come “into force with effect from August 19, and shall remain in force up to and inclusive of September 30”.