New Delhi: The 56th meeting of the GST Council, chaired by Finance Minister Nirmala Sitharaman and comprising state ministers, on Wednesday started deliberations on ‘next-gen GST’ reforms, which will lower tax rates on items of mass consumption, remove duty inversion in sectors like textiles, and ease compliance burden for MSMEs. The Council, over the next…
Chennai: Underscoring the impact of the American tariffs on the textiles industry in Tamil Nadu’s western region, including Tiruppur, the ruling DMK on Wednesday asked what the BJP-led Centre was going to do to protect the industries in the western belt, as the Saffron party has set its sights on western parts of the state…
New Delhi: India on Tuesday sought consultations with the US under the World Trade Organisation’s (WTO) safeguard agreement over 50 per cent tariffs imposed on certain copper products by America. This move comes after India reserved the right to impose retaliatory duties on select US products in response to American tariffs on steel and aluminium,…
Bengaluru: The Enforcement Directorate has initiated a preliminary investigation into the allegations of dubious foreign funding used to fuel communal conspiracies during the ongoing Dharmasthala row in Karnataka, official sources said on Tuesday. The sources told PTI that the agency is gathering facts and documents related to all entities and stakeholders, including some NGOs, who…
Patna: Congress president Mallikarjun Kharge on Monday alleged that Prime Minister Narendra Modi is attempting to win the Bihar assembly polls through “vote chori”, and asserted that the NDA’s double engine government would be voted out soon with a new government of the poor, backwards and Dalits being formed. He also targeted Bihar Chief Minister…
New Delhi: Pinning hopes on the underlying resilience of the Indian economy, Chief Economic Adviser (CEA) V Anantha Nageswaran on Saturday said the high growth momentum exhibited in the first quarter of the current fiscal is expected to continue in the coming quarter as well, with a downward bias emanating from high US tariffs. The…
Indore: Reserve Bank of India (RBI) Governor Sanjay Malhotra on Saturday said India will become the world’s third-largest economy soon, and credited the Pradhan Mantri Jan Dhan Yojana for boosting the country’s growth. His remark came at a time when India’s GDP grew 7.8 per cent in the April-June quarter of the current fiscal, the…
New Delhi: India’s development journey is unprecedented as the country’s economy is growing while pursuing a low-carbon and sustainable path, NITI Aayog CEO B V R Subrahmanyam said on Friday. Addressing a high-level workshop here, Subrahmanyam said this transition will be energy-intensive, yet India is progressing steadily as per NDCs (nationally determined contributions) and promoting…
Tokyo: Japan on Friday set an investment target of 10 trillion yen in India over a decade and the two sides firmed up a mega roadmap to bolster cooperation in several key areas such as critical minerals, defence and technology, in decisions that came amid economic turbulence created by the Trump administration’s policies on trade…
New Delhi: India is hopeful of resuming negotiations on the proposed bilateral trade agreement (BTA) with the US soon, and addressing the issue of high tariffs imposed by Washington on Indian goods will be key to striking the deal, a government official said on Thursday. However, the official said the new dates for the next…
