50% US tariff expected to weigh on growth next year…manufacturing to export could create the millions of jobs India needs: Bank South Asia Chief Economist
FMCG major Hindustan Unilever has already flagged the risk of “near flat to low-single digit” consolidated business growth in Q2, which it sees spilling over till October as well.
The field offices have been asked to treat this price compilation exercise “on priority”, with the monthly report to be sent to the Central Board of Indirect Taxes and Customs (CBIC) by the 20th of every month
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
India can learn from Chinese expertise in manufacturing Naushad Forbes, Co-Chairman of industrial machinery manufacturing company Forbes Marshall, says the challenge triggered by US tariffs should be an opportunity to push for reforms wherein the Centre devolves powers to states, and states in turn empower cities.
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.
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.
The IT Ministry had sought Microsoft’s response on why it had suspended services to Nayara Energy, which resulted in its employees not being able to access their own data and communication channels.
He said the RBI has ensured ample liquidity in the banking system and will take all necessary steps to support economic growth, especially in sectors that may be more severely impacted.
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.
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
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’.
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.
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”.
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.
“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.
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.
Fresh IBC amendments: How govt looks to plug gaps in insolvency code
Explained2 hr ago
The Parliament has passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2026 to make the resolution process faster and introduce new provisions such as an out-of-court mechanism, group insolvency, and cross-border insolvency.
