Economy
Net direct tax mopup in FY25 hit Rs 22.26 trillion, shows govt data
This was marginally short of revised target; highest-ever refunds issued
India slashed extreme poverty to 2.3% in FY23, shows World Bank data
Using the $3.65 per day poverty line for lower- and middle-income countries (LMIC), poverty fell from 61.8 per cent to 28.1 per cent, lifting 378 million people out of poverty in India
India won't allow transshipment of goods to other regions: Piyush Goyal
Says govt has been able to protect domestic steel industry from 'dumping'
Direct tax mop up for 2024-25 fiscal hits target; record refunds issued
Similarly, the provisional figures for net (after issuing refunds) direct tax collections for the 2024-25 fiscal stood at Rs 22.26 trn, an increase of 13.57 per cent as compared to Rs 19.60 trn
Centre notifies rules for GST Appellate Tribunal to make it operational
Authorised representatives, including lawyers and tax professionals, must submit a power of attorney before representing clients
US pharma tariffs would raise US drug costs by $51 bn annually: Report
Pharmaceutical products have long been spared from trade wars due to the potential harms, but he has repeatedly threatened a 25 per cent tariff on pharmaceutical imports
India's forex reserves rises for seventh straight week to $686.145 bn
The Special Drawing Rights (SDRs) were up by $212 million to $18.568 billion, the apex bank said
Maritime fundamentals remain strong despite US tariffs: Synergy Marine CEO
On the likely impact of US reciprocal tariffs and trade uncertainty on the Indian shipping industry, Synergy Marine Group CEO Jesper Kristensen said, In the short term, they may cause friction
Trade war narrows down to US-China, Chinese trade deflection a real worry
The fear of deflection of Chinese exports to third markets is giving a major scare to the policymakers in developing nations
India could grow at 6.5% in FY26, aided by falling crude prices: EY
The EY Economy Watch April report cites four key factors impacting India's growth: reduced exports, global slowdown, falling crude oil prices, and excess global production capacities
India's economic outlook dims as US tariffs hit business sentiment: Poll
Economists say beneath the headline growth numbers is an economy not generating enough well-paying jobs for millions of young people entering the labour market every year
Expect India to strike first trade pact: US Treasury Secy Scott Bessent
Trump said India may reduce its high tariffs as part of the bilateral deal
Delhi's minimum wage for workers highest among neighbouring states
A Business Standard analysis shows that an unskilled worker earns ₹10,994 and ₹11,257 in Uttar Pradesh and Haryana respectively, while a skilled worker gets ₹13,546 and ₹14,367 respectively
India, South Africa discuss preferential trade pact through SACU bloc
SACU nations include South Africa, Namibia, Botswana, Lesotho and Eswatini and is the world's oldest customs union, over a century old
Private investment in India is still a worry: IMF's Krishna Srinivasan
The IMF on Tuesday pared down its FY26 growth forecast for India by 30 basis points to 6.2 per cent, citing escalating trade tensions and global uncertainty in its latest World Economic Outlook
US economy likely to slow sharply amid trade tariff hikes, says Nomura
The US growth is going to slow quite sharply, close to recession, says Robert Subbaraman
Datanomics: Terror attack casts shadow on tourism sector of Jammu & Kashmir
As many as 23.6 million tourists visited the UT in 2024, double the number in 2021. This enthusiasm may be broken, at least for a while, by the militant attack on Tuesday
UP to promote manufacturing, preparing policy for Rs 5 trn annual exports
Policy expected to provide Rs 10 crore as capital subsidy to investors: Official
India likely to secure first trade deal amid US tariff push: Treasury Secy
India is on the brink of becoming the first nation to clinch a trade pact with the US, potentially dodging Trump's steep 26 per cent tariff and deepening economic ties
RBI MPC minutes: Members see need to support growth on benign inflation
The MPC decided to cut the policy repo rate by 25 basis points earlier this month, after reducing the rate by a similar magnitude in the February meeting
