Category: Economy
India’s forex reserves fall $12.95 billion to $734.60 billion in week ended October 2
India’s foreign exchange reserves fell by $12.95 billion to $734.60 billion in the week ended October 2, driven by a decline in foreign currency assets…
Next round of review meeting of ASEAN-India Trade in Goods Agreement to be held in Jan
New Delhi: The next round of review meeting of ASEAN-India Trade in Goods Agreement (AITIGA) will be held in India in January next year to…
GST Council bets on faster refunds, lower penalties to ease business burden
The 57th GST Council meeting has shifted focus from rate rationalisation to easing compliance, accelerating refunds, and reducing litigation, tax experts said, while flagging potential…
Centre seeks fishers’ views to shape national action plan for sustainable small-scale fisheries
India’s efforts to formulate the National Plan of Action for Securing Sustainable Small-Scale Fisheries (NPOA-SSF) have reached a crucial stage, with the Centre spearheading community…
India holds soybean cargoes over doubts about Niger origin, sources say
MUMBAI: Indian customs authorities have withheld clearance of soybean cargoes declared as originating in Niger this month as importers failed to provide documents proving the…
Govt likely to finalise critical minerals stockpiling policy in a month
New Delhi, The policy on stockpiling critical minerals is expected to be announced in about a month, a government official said on Friday. The move…
diesel prices rise: Fuel, fertiliser costs strain American farmers’ support for Republicans in midterms
Canal Winchester: As soybean farmer David Schacht begins his fall harvest, surging diesel and fertiliser costs are fast outpacing his earnings. He maintains this has…
GST 2.0 makes it less taxing as govt scrap arrest powers, raise prosecution threshold to Rs 5 crore in major overhaul
New Delhi: The GST Council approved a sweeping recast of the indirect tax structure that includes scrapping arrest powers, besides easing the compliance structure and…
GST reforms: Refunds, wider ITC mark third phase of reform as India targets global supply chains, says PwC’s Pratik Jain
Nearly a decade since its roll out, the historic GST reform moved closer towards a pivotal point of maturity. Over the years, GST has largely…
GST 2026: Simpler compliance, tech-led enforcement reflect growing trust between government and industry, says Deloitte’s MS Mani
A key aspect underlining the GST Council meeting is the growing mutual trust between government and industry. Following the positive response to the September 2025…