Journalism of Courage
ECONOMY NEWS - Page 2
GoM backs Centre’s plan for GST rate rationalisation; states raise revenue loss concernsSubscriber Only
August 22, 2025 02:11 IST
Six days ago, Prime Minister Narendra Modi, in his Independence Day address, announced the next big phase of reforms under the GST regime by Diwali, a gift for the common man, small entrepreneurs and MSMEs, in terms of reduced tax burden.
Indian music industry calls for AI transparency to protect copyright owners
August 20, 2025 21:28 IST
Speaking at the All About Music conference, IMI Chairman Vikram Mehra urged the government to mandate disclosures whenever generative AI models ingest copyrighted materials during their machine learning processes
Monetary policy needs to remain watchful amid uncertainty on the external front, says RBI Governor MalhotraSubscriber Only
August 20, 2025 20:19 IST
In the August policy, the RBI’s six-member MPC unanimously voted to leave the policy repo rate unchanged at 5.5 per cent and maintain the policy stance as ‘neutral’.
Credit upgrade, GST revamp and trade tariffs may redefine India’s growth outlook, says HSBCSubscriber Only
August 19, 2025 21:07 IST
The decisions taken now will determine whether this triple jolt sets off a chain reaction of sustainable growth — or just momentary shifts in the clouds.
Major states warn of Rs 7,000-9,000 crore annual loss under new GST structureSubscriber Only
August 19, 2025 07:11 IST
Assessment shows revenue growth rate could slow to 8%, say states.
Govt scraps duty on cotton imports till Sept 30 amid US tariffs pressureSubscriber Only
August 19, 2025 04:20 IST
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”.
GST restructure plan: In new regime, online gaming likely to be placed in top bracketSubscriber Only
August 18, 2025 07:28 IST
According to sources, the Department of Revenue has kept in mind the country’s “social ethos” while tagging goods and services in the “sin and demerit” category, and online gaming is seen to be fitting that definition.
US negotiators’ visit to India for trade talks uncertain, additional 25% US tariff to depend on geopoliticsSubscriber Only
August 15, 2025 10:40 IST
No firm date on visit of US negotiators for talks
18 years later, S&P upgrades India’s sovereign rating, says US tariffs impact ‘manageable’Subscriber Only
August 15, 2025 06:05 IST
“India remains among the best performing economies in the world. It staged a remarkable comeback from the pandemic with real GDP growth over fiscal 2022 to fiscal 2024 averaging 8.8 per cent, the highest in Asia-Pacific,” said S&P Global Ratings.
US tariffs could knock 50 bps off India’s growth, deepen jobless recovery: Former RBI Governor SubbaraoSubscriber Only
August 13, 2025 06:36 IST
Subbarao cautions against reputational risks from Trump’s rhetoric, rising global risk premia, cost of borrowing and the mounting pressure on India’s export-driven sectors.
India’s July retail inflation hits 8-year low of 1.55%, second-lowest everSubscriber Only
August 12, 2025 18:01 IST
At 1.55%, India’s CPI inflation in July has fallen below the lower-bound of the RBI’s 2-6% flexible inflation target range for the first time since January 2019.
Cabinet clears four new chip plants worth Rs 4,600 crore in Odisha, Punjab and Andhra PradeshSubscriber Only
August 12, 2025 16:14 IST
Union IT Minister Ashwini Vaishnaw said the second plant has investments from Intel, Lockheed Martin, and other VC and PE funds.
The ‘Turnberry system’ – what the US’ new global economic order looks likeSubscriber Only
August 16, 2025 05:19 IST
The US has adopted a carrot and stick approach, according to Trade Representative Jamieson Greer, with non-compliance by trade partners to result in higher tariffs, or the stick. The carrot, meanwhile, is just the chance to sell your goods in the world’s biggest market.
Around $30-35 billion of India’s merchandise exports to America at risk from Trump’s tariffs, says UBS Chief India EconomistSubscriber Only
August 10, 2025 07:51 IST
According to UBS’ Chief India Economist Tanvee Gupta Jain, India may not lose much if it shifts away from cheaper Russian oil as the annual savings right now is only $2 billion
India can weather even a 50 bps growth sacrifice but for a year: Former RBI governor D SubbaraoSubscriber Only
August 7, 2025 14:30 IST
A more serious concern will be the sector-specific implications, especially the impact for the low-income households in labour-intensive sectors like machinery, mechanical appliance, gems and jewellery.
Reduced oil purchases from Russia would not impact inflation, says RBI GovernorSubscriber Only
August 7, 2025 04:40 IST
RBI Governor Sanjay Malhotra said trade negotiations with the US were ongoing and he hoped there would be an “amicable solution”.
PM Internship Scheme: Share of female applicants surges to 41% in second pilot of govt’s flagship internship scheme from 31%Subscriber Only
August 5, 2025 21:10 IST
The gender imbalance with the ratio of male to female interns of 72:28 was one of the key concerns flagged by Parliament’s Standing Committee on Finance to the government, as per a report of the Committee tabled in Lok Sabha on Monday.
Why US President Donald Trump’s ‘dead economy’ jibe at India fails to stand up to scrutinySubscriber Only
August 3, 2025 11:21 IST
Trump's aggressive stance against India in his social media posts has also exposed an inconsistency in America’s stance and policy actions considering India and America have engaged together on several crucial initiatives
India’s gross GST collections rise by 7.5% YoY in July to Rs 1.96 lakh crore, refunds surge 66.8% to Rs 27,147 croreSubscriber Only
August 2, 2025 00:44 IST
Even though the pace of growth in gross GST collections picked up to 7.5 per cent in July from 6.2 per cent, this is the second consecutive month wherein the growth rate has been in single digits
Real estate, infra sectors short of 20 lakh skilled workers: NAREDCO chair HiranandaniSubscriber Only
August 4, 2025 09:06 IST
Earlier, in June, Larsen & Toubro (L&T) chairman S N Subrahmanyan had said the group’s construction business is facing a shortage of 25,000-30,000 labourers
Public sector banks’ MSME bad loans falling, Finance Ministry tells Rajya SabhaSubscriber Only
July 29, 2025 23:15 IST
Responding to a question in the Rajya Sabha on Tuesday, Minister of State for Finance Pankaj Chaudhary said the gross bad loan ratio of public sector banks’ MSME loans had fallen to 6.18% as at the end of March 2025
EU trade talks: India to offer regulatory certainty in manufacturing to woo FDISubscriber Only
July 29, 2025 05:37 IST
According to a parliamentary report released last year, the EU is concerned about China’s dominance in critical technologies, as China holds a leading global manufacturing position in several areas
India, China marking a beginning, sense of caution would have to be built in: FM Nirmala SitharamanSubscriber Only
July 27, 2025 00:13 IST
India had earlier put restrictions on investments from China through Press Note 3 in April 2020 to curb potential opportunistic takeovers of Indian companies during the Covid-19 pandemic
India stuck to TRIPS and domestic law in UK deal, says official amid drug access concernsSubscriber Only
July 26, 2025 22:06 IST
Deal favours patent holders, say experts
Goyal: UK deal ‘gold standard’ for FTAs, will retaliate if their carbon tax hurts usSubscriber Only
July 27, 2025 08:48 IST
Says sensitive sectors, including dairy, rice and sugar, protected in agreement
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