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Sun, 01 Jun 2025 16:26:33 +0530

WTO meet on June 3 in Paris: India to raise issues on agri, fisheries, investment facilitation

India will voice its concerns regarding agriculture, fisheries agreement, and the WTO's appellate body dysfunction at a Paris meeting of trade ministers on June 3. Commerce Minister Piyush Goyal will

Sun, 01 Jun 2025 16:23:33 +0530

RBI expected to deliver 3rd consecutive rate cut of 25 bps on Friday, say experts

The Reserve Bank of India (RBI) is anticipated to cut the repo rate by 25 basis points for the third consecutive time, aiming to stimulate growth amid global economic uncertainties. With inflation rem

Sun, 01 Jun 2025 15:08:51 +0530

GST collections jump 16.4% yoy to Rs 2.01 lk cr in May, fall from record high in April

India's Goods and Services Tax collection reached Rs 2.01 lakh crore in May 2025. The Ministry of Finance data shows a 16.4 per cent increase from May 2024. GST from imports rose by 25.2 per cent. Dom

Sun, 01 Jun 2025 14:44:25 +0530

ADB commits $10 bn plan for India's urban transformation

The Asian Development Bank (ADB) has pledged up to USD 10 billion towards India's urban transformation over the next five years, focusing on metro extensions and infrastructure development. This initi

Sun, 01 Jun 2025 10:56:11 +0530

Singapore remains biggest FDI source for India for 7th straight year

Singapore remains India's top FDI source for the seventh year, contributing nearly $15 billion in fiscal year 2024-25, a significant portion of India's record $81.04 billion total. Experts attribute t

Sun, 01 Jun 2025 05:30:00 +0530

Govt favours wealth creation; profit not a bad word, says FM Nirmala Sitharaman

This is in stark contrast to the stance adopted by the votaries of socialism or com-munism, who looked down upon wealth creation in earlier deca-des, The FM said, indicating that resources can be dist

Sat, 31 May 2025 20:01:25 +0530

Doubling tariff on steel, aluminium by US to disrupt India's metal exports: Experts

Donald Trump's decision to double tariffs on steel and aluminium imports is set to affect Indian exporters. India's iron, steel, and aluminium exports to the US, valued at USD 4.56 billion, face highe

Sat, 31 May 2025 19:24:54 +0530

Govt prioritising lower denomination notes and digital transactions: Sitharaman

Union Finance Minister Nirmala Sitharaman emphasized the government's focus on promoting lower denomination currency and increasing digital transaction awareness. With the Rs 2000 note nearly out of c

Sat, 31 May 2025 13:39:39 +0530

Donald Trump says India-US trade deal close, warns Pakistan tension

President Trump announced the U.S. is nearing a trade deal with India, while Pakistan is expected in Washington for talks. He cautioned that conflict between India and Pakistan could jeopardize these

Sat, 31 May 2025 12:43:39 +0530

Trump's revised tariffs on steel and aluminium threaten India's USD 4.56 billion exports to US: GTRI

A Global Trade Research Initiative report warns that U.S. President Trump's decision to double tariffs on steel and aluminium imports, effective June 4, 2025, will significantly impact India's metal e

Sat, 31 May 2025 09:34:25 +0530

Q4 GDP springs surprise as tax spike fuels India’s best quarter in FY25: SBI

India's economy experienced a surprising 7.4% growth in Q4 FY25, primarily fueled by a significant surge in net indirect tax collections. The State Bank of India projects continued strong performance,

Sat, 31 May 2025 05:30:00 +0530

At 7.4%, India’s growth steps on race pedal in Q4

India's economy surpassed expectations with a 7.4% growth in the March quarter, boosting FY25 growth to 6.5%. Investment recovery and strong construction drove this expansion, despite concerns about t

Sat, 31 May 2025 00:57:54 +0530

'Viksit Bharat' not merely govt policy, but a collective aspiration: NITI Aayog's Saraswat

Vijay Kumar Saraswat addressed EDII. He said Viksit Bharat is a collective aspiration. Entrepreneurs are primary architects of this vision. He inspired students about India's growing entrepreneurial l

Sat, 31 May 2025 00:50:09 +0530

India and Chile conclude first round of FTA talks

India and Chile have successfully completed the initial round of negotiations for a comprehensive bilateral free trade agreement, according to the Department of Commerce. Building upon their existing

Sat, 31 May 2025 00:47:42 +0530

Edible oil duty halved to tame inflation

In a significant move, India has reduced the basic customs duty on crude palm oil, soybean oil, and sunflower oil. The duty is now 10%, a decrease from the previous 20%. This change, effective May 31,

Sat, 31 May 2025 00:37:23 +0530

Additional Rs 81,735 crore tax devolution ok'd for states

The central government has approved an additional tax devolution of ₹81,735 crore to state governments. This will be released on June 2. This is besides the regular monthly instalment. The move aims

Sat, 31 May 2025 00:26:32 +0530

On target: FY25 fiscal deficit at 4.8% of GDP

India's fiscal deficit met the 4.8% of GDP target in FY25, reaching ₹15.77 lakh crore due to higher nominal GDP. The government controlled revenue spending, offsetting lower tax revenue and increase

Fri, 30 May 2025 23:58:35 +0530

Govt extends duty-free yellow pea imports till March 2026

India has prolonged the duty-free import period for yellow peas until March 31, 2026, effective immediately. This decision, outlined in a recent government order, grants traders an extended window for

Fri, 30 May 2025 22:31:39 +0530

With 6.5 pc GDP growth in FY25, India retained position as world's fastest growing economy: Assocham

Assocham reported India's real GDP expanded by 6.5% in FY25, retaining its position as the world's fastest-growing major economy. The growth accelerated in the second half, reaching 7.4% in the March

Fri, 30 May 2025 22:27:21 +0530

'Not in it to enrich ourselves, we are in it to enrich both peoples': NZ FM on FTA negotiations

New Zealand's Foreign Minister Winston Peters highlighted the "breakthrough" in India-New Zealand economic relations with the launch of free trade agreement negotiations. He acknowledged India's dairy

Fri, 30 May 2025 22:01:15 +0530

Govt slashes import tax on edible oil by 10%

To ease domestic prices, the Indian government has reduced the basic import tax on crude edible oils, effective from May 30. This decision comes as India relies heavily on imports to meet over 70% of

Fri, 30 May 2025 21:52:05 +0530

ADB ready to provide USD 4.5 bn loan annually to India

The Asian Development Bank (ADB) is prepared to offer India USD 4-4.5 billion in annual sovereign lending, along with approximately USD 1 billion in private sector financing. ADB's support aligns with

Fri, 30 May 2025 21:36:38 +0530

Metros' share in loans dips to 58.7 pc in 5 years: RBI

The RBI reported a decline in the share of metropolitan branches in overall bank credit to 58.7% in March 2025, driven by faster credit growth in rural, semi-urban, and urban areas. While metro branch

Fri, 30 May 2025 21:27:37 +0530

Transmission of April rate cut faster in case of new deposit rates: RBI

Following the April 2025 repo rate cut, new deposit rates saw a faster transmission compared to new lending rates. The WADTDR on fresh deposits decreased by 35 bps, while the WALR on fresh loans only

Fri, 30 May 2025 20:37:05 +0530

Centre okays additional instalment of Rs 81,735 crore as tax devolution to the state govts

The Centre has approved an additional tax devolution of Rs 81,735 crore to State Governments, scheduled for release on June 2, 2025. This move aims to bolster cooperative federalism and facilitate the

Fri, 30 May 2025 20:26:56 +0530

Mandaviya outlines five-pronged strategy to help India become a Viksit Bharat in 2047

Speaking at the Confederation of Indian Industry’s (CII) Annual Business Summit 2025 on Friday, Mandaviya said a citizen-centric growth model, an enabling environment for inclusive and sustainable d

Fri, 30 May 2025 19:41:26 +0530

Cannot have regulations that stifle businesses, need to remove such hurdles with 'magic wand' every year: Fin Minister Sitharaman

Nirmala Sitharaman says India needs to remove regulatory hurdles for businesses annually. She addressed the IIM Lucknow National Leadership Awards 2025 in New Delhi. Sitharaman notes India is the fast

Fri, 30 May 2025 19:17:55 +0530

India sustains growth momentum as fastest growing economy again: Finance Minister Sitharaman on FY25 GDP numbers

Despite a stronger-than-expected 7.4% growth in Q4, India's economic expansion slowed to a four-year low of 6.5% in FY25, a significant drop from the previous year's 9.2%. Finance Minister Nirmala Sit

Fri, 30 May 2025 19:06:24 +0530

India created 17 cr jobs in last decade: Mansukh Mandaviya

Union Labour Minister Mansukh Mandaviya announced that India has generated 17 crore job opportunities in the last decade, a significant increase from the 4.5 crore jobs created in the preceding decade

Fri, 30 May 2025 18:09:17 +0530

Inter-ministerial group setup to assess Quality Control Orders

The government has established an Inter-Ministerial Group (IMG) to evaluate Quality Control Orders (QCOs) proposed by various ministries, aiming for a unified approach. This group will assess the nece

Fri, 30 May 2025 17:50:43 +0530

India’s FY25 fiscal deficit meets target at 4.8% of GDP

India’s fiscal deficit for FY25 stood at ₹15.77 lakh crore, or 4.8% of GDP, meeting the revised estimate set by the Union Budget. Data released by the Comptroller General of Accounts on Friday sho

Fri, 30 May 2025 17:43:07 +0530

India’s growth remains intact despite global gloom: CEA backs resilient demand, rising consumption

Despite a slowdown in full-year economic growth to 6.5%, India's CEA remains optimistic, citing robust Q4 growth of 7.4% driven by strong industrial output and resilient consumption. The nation's stea

Fri, 30 May 2025 17:18:03 +0530

Retired govt NPS subscribers with min 10 years can claim additional benefits under UPS

Central government NPS subscribers retiring by March 31, 2025, with 10+ years of service, or their spouses, can claim Unified Pension Scheme (UPS) benefits beyond NPS. The scheme offers a lump sum and

Fri, 30 May 2025 17:08:51 +0530

India's forex reserves rise to $692.72 billion, up $6.9 billion as of May 23

India's forex reserves increased by $6.9 billion to $692.72 billion for the week ending May 23, according to data by the Reserve Bank of India on Friday.

Fri, 30 May 2025 16:11:10 +0530

India’s FY25 economic growth hits four-year low of 6.5%, Q4 GDP hits one-year high

India's economic growth slowed to a four-year low of 6.5% in FY25, despite a stronger-than-expected Q4 performance of 7.4%. Key officials remain optimistic about India's growth potential, expecting it

Fri, 30 May 2025 15:42:52 +0530

If India wants to be 'Viksit' by 2047...: Govt think-tank reveals which sector needs to contribute more to GDP

NITI Aayog CEO BVR Subrahmanyam emphasized the need for India's manufacturing sector to grow at 15% annually to contribute 25% to the nation's GDP by 2047. He highlighted the importance of increased u

Fri, 30 May 2025 14:21:02 +0530

National Manufacturing Mission to be in place by next month: NITI Aayog CEO BVR Subrahmanyam

The National Manufacturing Mission, expected to be announced soon, aims to boost India's manufacturing sector with a powerful governing body. It will focus on policy support, infrastructure developmen

Fri, 30 May 2025 14:13:17 +0530

SBI Research puts India's net financial savings at Rs 22 lakh crore in FY25

State Bank of India's report projects household financial savings to reach 6.5% of GNDI in FY25, crucial for funding deficits and macroeconomic stability. RBI's rupee volatility management influenced

Fri, 30 May 2025 13:35:23 +0530

How early, bountiful rains can change a lot of things for India in several significant ways

India is likely to get above-average monsoon rains in 2025, the IMD said. The monsoon arrived early in Kerala. This is eight days ahead of schedule. The rains are vital for agriculture and the economy

Fri, 30 May 2025 13:01:44 +0530

Indian shrimp exporters to see marginal uptick in revenues this fiscal: Crisil

Indian shrimp exporters are projected to experience a slight revenue increase of 2-3% due to improved prices and currency benefits. However, export volumes will remain stagnant due to potential US tar

Fri, 30 May 2025 12:37:33 +0530

India to exempt Saudi fund from foreign portfolio investment rules, sources say

India has agreed to exempt Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), from certain foreign portfolio investment rules to encourage capital inflow and deepen financial co

Fri, 30 May 2025 11:46:30 +0530

RBI has a plan to keep India's foreign exchange reserves safe from external shocks

The Reserve Bank of India is bolstering its defences against geopolitical risks by diversifying its foreign exchange reserves across currencies and asset classes. This strategic move aims to shield th

Fri, 30 May 2025 11:08:51 +0530

India's May diesel exports to SE Asia hit multi-year high on higher margins

India's diesel exports to Southeast Asia are projected to reach a four-year high this May. Traders are seeking better profits in Asia. High freight costs are deterring shipments to Europe. Increased I

Fri, 30 May 2025 08:02:26 +0530

India to remain fastest-growing large economy in world for next 30 years: Piyush Goyal

Union Minister Piyush Goyal asserted India's position as the fastest-growing large economy for the next three decades, projecting an 8% growth rate. He highlighted robust foreign exchange reserves, co

Fri, 30 May 2025 06:14:55 +0530

India GDP growth likely accelerated in March quarter on rural demand, state spending

India's economic growth likely accelerated in the January-March quarter, driven by increased rural demand and government spending, despite private firms delaying investments due to global uncertaintie

Fri, 30 May 2025 05:30:00 +0530

Interest rates, dollar sales boost RBI income by 27%

RBI's FY25 net income surged by 27% due to higher global interest rates and dollar sales, enabling a record surplus transfer to the government. Increased returns from foreign currency assets and forex

Fri, 30 May 2025 05:30:00 +0530

What’s in store for Reliance Retail, Arvind Fashions, V-Mart & top retailers? Aggressive expansion

Indian retailers are strategically expanding after closing underperforming stores. Reliance Retail, Arvind Fashions, and Aditya Birla Fashion plan new, larger outlets. They focus on profitability and

Fri, 30 May 2025 05:30:00 +0530

India may float paper on crypto assets norms in June

India is preparing to release a discussion paper on crypto assets, influenced by the IMF and FSB, amid growing global acceptance spurred by the US's evolving stance. This comes as the nation considers

Fri, 30 May 2025 05:30:00 +0530

iPhone exports to US trump last year numbers by 76%

Apple significantly increased iPhone exports from India to the US, surging 76% year-on-year in April, while exports from China sharply declined. This shift reflects Apple's strategy to diversify produ

Fri, 30 May 2025 00:17:31 +0530

RBI to look into transmission and liquidity management models

The Reserve Bank of India will soon review its monetary policy. This review will analyse credit conditions. It will also optimise liquidity management. The goal is to improve liquidity forecasts. The

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