Category: Economy
India plans relief package for exporters hit by US tariffs
India will roll out a package of measures to help exporters hurt by a surge in U.S. tariffs, Finance Minister Nirmala Sitharaman said on Friday….
India dismisses reports on Xi Jinping’s secret letter to Prez Murmu, calls it ‘incorrect’
Ministry of External Affairs on Friday denied a report of Chinese President Xi Jinping sending a ‘secret letter‘ to Indian counterpart Droupadi Murmu to test…
Will Indian economy ride GST rate cut boost or capex push?
India’s complete tax policy reset– relief in personal tax and simplification of Goods and Services Tax (GST)– has opened floodgates of new arguments around India’s…
Niti Aayog recommends strategies to double India’s pulses production by 2047 and self-sufficient by 2030
Government think-tank Niti Aayog has recommended strategies and pathways to be adopted by government to make India self-sufficient, (Atmanirbhar) in pulses by 2030 and double…
Centre to evaluate Market Intervention Scheme & Price Deficit Payment Scheme to assess impact on farmers
The Development Monitoring and Evaluation Office (DMEO), under the NITI Aayog, will soon undertake evaluation of the Market Intervention Scheme (MIS) and Price Deficit Payment…
GST rate cut benefits should reach aam aadmi, FM Nirmala Sitharaman says
GST rate cut benefits must reach the aam aadmi, Finance Minister Nirmala Sitharaman said on Friday, stressing that Centre is closely monitoring how the new…
GST Diwali Dhamaka has a catch, but govt is watching
The government is keenly monitoring businesses and industry to ensure that the GST rate cuts, effective from September 22, first day of Navratri, reach the…
GST reforms will cause Rs 3,700 crore revenue loss to govt: SBI report
The State Bank of India (SBI) in its latest research report said that reforms in GST through reduction in rates will cause a minimal revenue…
Tax tweak to tame CPI by 50-90 bps
Around one-fourth of items, mostly essential and household goods, in India’s inflation basket will be taxed at 5% following the goods and service tax cuts…
Industry must pass on GST gains to buyers: Piyush Goyal
Commerce and industry minister Piyush Goyal said he has asked industry to pass on the benefits of lower goods and services tax (GST) to consumers…