CBDT notifies amendments in I-T rules for presumptive taxation of non-resident cruise ships

The income tax department has amended rules for presumptive taxation for non-resident cruise ship operators. This regime, introduced in the July Budget, aims to boost investment and employment. To qua

Cabinet increases MSP on raw jute by Rs 315 to Rs 5,650 per quintal for 2025-26

Dry fruits body NDFC seeks import duty rationalisation, lower GST in Budget

Budget 2025: Nuts and Dry Fruits Council of India (NDFC) urges the government to set walnut import duty on a per-kilogram basis, reduce GST on dry fruits to 5%, and implement a production-linked incen

RBI MPC member Nagesh Kumar advocates two inflation rates for better policy making

RBI Monetary Policy Committee member Nagesh Kumar suggests having two inflation rates—one including food prices and the other without—to enhance policy decisions. Chief Economic Advisor advocates

ET@Davos: India's FDI Trajectory

Majority of individual taxpayers seek income tax cut in FY26 Budget: Grant Thornton Bharat survey

Grant Thornton Bharat's pre-budget survey indicated that individual taxpayers desire lower tax rates in the upcoming Budget, with 57% advocating for this change. Additionally, 46% suggest reducing tax

Budget 2025: Industry pins hopes on major Indian Railways announcements

Union Budget: Industry players are hopeful for significant announcements in the railway sector in the Union Budget 2025-26, particularly in freight operations and infrastructure development. Expectati

Cabinet decision highlights: Modi govt hikes MSP on raw jute, extends National Health Mission for 5 yrs

The Union Cabinet has increased the Minimum Support Price (MSP) of raw jute to Rs 5,650 per quintal for the 2025-26 marketing season, providing farmers a 66.8% return over the production cost. Compare

India's budget likely to raise major subsidies by 8% to $47 bln in next fiscal

India plans to increase spending on food, fertiliser, and cooking gas subsidies by 8% to 4.1 trillion rupees ($47.41 billion) for the next fiscal year. This is intended to cover rising food and energy

India's rice exports defy restrictions, hold steady in 2024

India's rice exports in 2024 remained steady despite earlier export curbs, with high basmati rice shipments compensating for a decline in non-basmati rice sales. The country's total exports reached 17

Budget 2025 to catapult India's domestic manufacturing to a global scale

India Budget: India aims to become the third-largest economy by 2027 and developed by 2047 through bolstering its manufacturing sector. The government's focus lies on MSMEs, infrastructure development

PM Gati Shakti: Rs 11.17 lakh crore mega push with 434 projects to transform India's logistics

The Ministry of Finance has identified 434 projects under the PM Gati Shakti initiative to boost India's logistics infrastructure. With an investment of Rs. 11.17 lakh crore, these projects target log

CBDT clarifies past investment from Mauritius, Singapore, Cyprus will not be reopened for scrutiny

The Central Board of Direct Taxes clarified that the new Principal Purpose Test rule won't affect past investments under tax treaties with Mauritius, Cyprus, and Singapore, relieving taxpayer concerns

Net formal job creation under EPFO rebounds in November 20204 after touching a five-month low in October

Provisional payroll data of EPFO, released by the ministry of labour and employment on Wednesday, shows that the retirement fund body witnessed a year-on-year jump of 4.87% in November 2024 to 1.46 mi

Modi mulls buying more whiskey, steel and oil to counter Trump’s tariff threats

India's government evaluates options such as a trade deal, tariff cuts, and increased imports from the US to counter potential trade actions by the Trump administration. Strategies include reducing im

Union Budget 2025: What to expect in taxes, infrastructure & green growth

Budget 2025 is set to bring key reforms in taxation, infrastructure, healthcare, and rural development. With a focus on green growth and job creation, major policy shifts under Modi 3.0 will be closel

Will prudence win over populism in Budget 2025?

Union Budget: India's economy has shown resilience post-pandemic but faces challenges ahead including weak consumption growth, household indebtedness, and high food inflation. For FY25, fiscal deficit

Union Budget: Rising Bharat may need to take center stage for India’s game-changing plans

Budget 2025: As India prepares for Budget 2025, major focus areas will be rural consumption, infrastructure, and financial access for Bharat. Enhanced rural schemes and investments in agriculture, cre

India's economy slows down just when it was supposed to speed up

India's economic optimism has waned over the past year as growth slows to 5.4%, foreign investors pull out, and the rupee falls. Despite infrastructure investments and expanded welfare payments, weak

Union Budget will balance fiscal consolidation and growth; capital expenditure likely to rise to Rs11-11.5 lakh cr: Report

The Union Budget for FY 2025-26 aims for a balance between fiscal consolidation and growth, with increased capital expenditure, reduced fiscal deficit, and schemes like PM-KISAN and MGNREGA. Investmen

Indian economy to grow 6.5-6.8% in 2024-25 fiscal, projects Deloitte

Deloitte India revised its 2024-25 GDP growth projection to 6.5-6.8% amid global trade uncertainties. The economy faces challenges with lower-than-expected Q2 growth (5.4%), lagging government capex,

Rupee overvalued vis-a-vis peers, still has room to fall, says Raghuram Rajan

Raghuram Rajan asserts that the RBI does not need to intervene in the currency market despite the rupee's decline against the dollar, as other currencies are also depreciating. He emphasizes that the

Davos 2025: "India's demographics to complement FDI rush"

India continues to attract global investors due to its demographic advantages, liberalized FDI policies, and manufacturing incentives, while emphasizing skill development. Focus areas include high-tec

Budget 2025: Green energy corridor set to enter phase III

Budget 2025: The govt plans to announce the third phase of the Green Energy Corridor project in the upcoming budget to boost renewable energy transmission for industries like green hydrogen and steel.

ET Graphics: Union Budget may contain changes in customs regime as India looks to boost local manufacturing

The February 1 budget might introduce revisions to the customs framework as India aims to strengthen domestic manufacturing and align with policy measures from the new U.S. administration.

Budget 2025: FM likely to increase outlay for 2 key tax remission schemes for exporters by 10%

The finance ministry is expected to increase allocations for two key tax remission schemes for exporters—RoDTEP and RoSCTL—by about 10% each in the 2025-26 budget to support exporters amid global

Nitin Gadkari moots 10,000 water taxis to connect Mumbai suburbs with new airport

Union Minister Nitin Gadkari has proposed 10,000 water taxis to transport people from Mumbai's suburbs to the new Navi Mumbai International Airport. The taxis, to be made from fiber-reinforced plastic

Trump's exit from global tax deal not to hit India from tax collection standpoint: Experts

The Trump administration's decision to withdraw from the OECD's global tax deal will impact international consensus on a global minimum tax, but India remains unaffected. Experts note that the US exit

Govt issues draft rules to make e-commerce more accountable; seeks comments by Feb 15

The government has released draft guidelines for e-commerce platforms to ensure self-governance and protect consumers from fraudulent practices. These guidelines outline principles for pre-transaction

Govt extends free tur dal imports till March 2026

The government had allowed the import of tur under the 'free category' from May 15, 2021. Subsequently, the free regime has been extended from time to time.

India introduces Diamond Imprest Authorization Scheme to boost exports

The Diamond Imprest Authorization (DIA) Scheme, effective April 1, 2025, allows duty-free import of natural cut and polished diamonds under ¼ Carat for eligible exporters. It mandates a 10% value add

CISTA urges Piyush Goyal to curb imports of substandard tea to protect Indian tea industry

The Confederation of Indian Small Tea Growers Association (CISTA) urged Union Commerce Minister Piyush Goyal to prevent the import of low-quality teas from Kenya and Nepal, which threaten the domestic

Centre extends duty free imports of tur till March 2026

The Centre has extended duty-free imports of tur dal until March 2026 to curb rising retail food prices. Despite some recent declines, retail prices of tur remain high, with year-on-year figures showi

Trump's Trade Tactics: Will India make the 'import' switch?

With Donald Trump's return, India is evaluating importing more from the US to enhance trade relations. The move looks to reduce tariffs and balance trade. India plans to boost exports, especially in p

Job market in India needs boost: Raghuram Rajan in Davos

Former RBI Governor Raghuram Rajan appreciates the Modi government's work on infrastructure but stresses the need to boost the job market. He comments on the rupee depreciation due to the stronger US

Donald Trump may not target China soon with tariffs. What does it mean for India?

President Donald Trump opted to delay imposing China-specific tariffs and focus on global trade practices. His administration seeks to investigate China's adherence to the trade deal, with potential t

Govt disburses Rs 1,596 cr in six PLI schemes during April-September quarter of FY25

The government has disbursed Rs 1,596 crore under the PLI schemes for six sectors, including electronics and pharma, in the first half of the fiscal year. The schemes aim to boost investments and enha

Indian economy to grow in range of 6.5-6.8% in FY25: Deloitte

Deloitte India projects India's GDP growth at 6.5-6.8% for the current fiscal, highlighting the need to adapt to global challenges and exploit domestic strengths. The revised projection considers glob

India should reciprocate if US imposes additional duties on domestic goods: Trade experts

Trade experts assert India should respond firmly with equal measures if the US under President Donald Trump imposes higher tariffs on Indian goods. India's past retaliatory duties on US products like

Healthier women, stronger economies: WEF's case for investing in women's health

The World Economic Forum's new research has revealed that closing the women's health gap could unlock USD 400 billion in global GDP annually by 2040. They launched the Women's Health Impact Tracking p

Budget 2025: Change the game of trade as Trump returns to US throne

Union Budget 2025 presents a strategic opportunity for India to address foreign trade concerns amid potential threats from Donald Trump's policies. Experts suggest boosting domestic manufacturing, sim

India’s third shot at tax reform mustn’t miss the target when govt is out of painkillers

Many Indians are unhappy with income taxes despite a small taxpaying population. With pending tax reforms and calls for fairness, alleviating the middle class's burden is crucial. Expanding the tax ba

India extends free import policy of tur/pigeon peas by a year

India has extended the free import policy of pigeon peas, also known as tur by a year, until March 31, 2026, a government notification showed on Tuesday.

Maharashtra CM Devendra Fadnavis meets WEF founder, State's Pavilion set for record investment

Maharashtra Chief Minister Devendra Fadnavis met World Economic Forum Chairman Klaus Schwab in Davos to discuss green energy, electric vehicles, and industrial developments. Fadnavis also met Horasys

ET@ Davos 2025: India among top 5 global investment destinations, says PWC’S Global CEO Survey

Indian CEOs also appeared more upbeat compared to their global counterparts as per the survey that polled 4,700 CEOs across 109 countries, of which more than 75 were from India. According to the surve

CEA calls for deregulating land laws to aid manufacturing by small players

Chief economic advisor V Anantha Nageswaran highlights the challenges faced by SMBs in India due to excessive land use regulations. He criticizes larger companies for delays in clearing dues to small

Budget 2025: Tax breaks said to be among incentives for shipping sector

Budget 2025: The Indian government is considering incentives for the domestic shipping sector, such as tax breaks, support for vessel manufacturing, and financing shipbuilding initiatives. Discussions

India seventh largest coffee producer in the world: Government

India has become the seventh-largest coffee producer globally, with exports nearly doubling to $1.29 billion in FY24. Major buyers include Italy, Belgium, and Russia. The Integrated Coffee Development

Budget should raise I-T exemption threshold to Rs 5.7 lakh, simplify TDS: GTRI

GTRI recommends raising the income tax exemption threshold to Rs 5.7 lakh to account for inflation, simplifying the TDS system, and equalising tax treatment for bank deposits and equities to create a

RBI eases settlement norms for ARCs, resolutions could quicken

The RBI has revised the guidelines for asset reconstruction companies (ARCs), allowing them to settle dues with borrowers after evaluating recovery possibilities. ARCs are now required to frame a boar