Category: Economy
New income-tax act takes effect today
New Delhi: The new Income-tax Act and budgetary provisions, including higher STT on speculative F&O trades, lower TCS on overseas tour packages and liberalised remittance…
Centre plans sweeping reforms as West Asia war jolts supply chains
New Delhi: The government is drawing up a comprehensive reform road map amid the West Asia conflict, seeking to build on measures already under way,…
Vegetable prices crash up to 80% since January, deepening farm distress
Pune|Kolkata: Vegetable prices have plunged since January, worsening farm distress even as consumers get relief. Potatoes are down 40%, onions 50% and tomatoes up to…
RBI’s net short position rises to $77 billion in Feb as it defends rupee
Mumbai: The Reserve Bank of India’s (RBI) net short position stood at $77 billion in February, versus $67 billion in the previous month, as the…
Japan to create special cell to push FDI into India
In a unique move to push investments into India the Japanese Foreign Ministry will create a new centre on Wednesday to assist Japanese companies looking…
US tariffs drag India apparel export growth to modest 1.5%: ICRA
India’s apparel exports grew by a modest 1.5% year-on-year in dollar terms during the period April to December of FY2026, as tariffs imposed by the…
Services, remittances boost India’s invisible inflows to $464 billion in FY26
Kolkata: India’s inward receipts from international trade in services, incomes and remittances climbed 56% to $464 billion in the first nine month of FY26, helping…
Govt notifies Finance Act 2026 that changes tax provisions from April 1
New Delhi: The government has notified the Finance Act 2026, paving way for effecting changes in tax provisions. This Act gives effect to financial proposals…
Telangana relied on RBI borrowings for most of FY25: CAG report
Hyderabad: Barring two days in 2024-25, the Telangana government availed a Special Drawing Facility of Rs 27,730 crore from the RBI for 363 days to…
10 foreign ships with energy cargo for India stranded in Persian Gulf
The government on Monday said 10 foreign-flagged ships carrying energy cargo for India are stranded in the Persian Gulf, even as 18 Indian vessels remain…