NEW DELHI: Ending months of uncertainty, India and US announced the finalisation of the first tranche of the trade deal early Saturday that will see Washington lower “reciprocal tariffs” on Indian exports to 18% over the next few days and New Delhi slash levies on several American imports.The India-US joint statement came with US President […]
After year of turmoil, Indian diamonds and gems set to shine in US markets
MUMBAI: Zero-duty access for diamonds and coloured gemstones to the US under the interim trade agreement framework will benefit the gems and jewellery sector, which was termed by industry leaders as a “critical inflection point” after bruising year for exports.The move could help reverse the sharp decline in shipments to India’s largest market, where cut […]
India, US signal intent to counter China’s economic dominance
NEW DELHI: Among the key terms of the India-US joint statement is both sides’ agreeing to strengthen economic security alignment to enhance supply chain resilience and innovation through complementary actions, addressing “non-market policies of third parties, as well as cooperation on inbound and outbound investment reviews and export controls”. The tacit “non-market” reference to China […]
Govt rolls out draft rules to simplify income tax filing
NEW DELHI: The income tax department Saturday unveiled the draft income tax rules which aim to simplify tax filing and usher in ease of compliance. The new rules, which will come into effect from April 1, cover a range of issues for ordinary taxpayers and companies, with an emphasis on simplification, faceless assessments and reducing […]
New draft Income Tax rules 2026 released: Simplified ITR forms, focus on easier compliance – what common taxpayers should know
New Income Tax Rules 2026 (AI image) New Income Tax Rules 2026: The Income Tax Department on Saturday released the draft Income-tax Rules, 2026. These new rules will become effective from April 1, 2026, that is the start of the financial year 2026-27. There are several changes aimed at simplification in tax filing and ease […]
8th Pay Commission update: Website goes live, inputs invited; top points government employees shouldn’t miss
The 8th Central Pay Commission (CPC) has launched its official website and begun seeking structured feedback from stakeholders, marking a key step in the process of reviewing salaries, pensions and allowances for central government employees and pensioners.According to a statement posted on the Commission’s official website, inputs are being collected through a structured questionnaire hosted […]
India-US trade framework expected to deepen pharma and medtech collaboration, says IPA
The interim India-US trade agreement is expected to strengthen cooperation in pharmaceuticals and medical technology, with industry bodies saying medicine supply chains are closely linked to national security priorities.Strengthening the India-US medicines partnership is important as medicine security is a part of national security, the Indian Pharmaceutical Alliance said on Saturday, welcoming the interim trade […]
India-US trade pact may open $118 billion market for textiles; tariff cut to improve India’s competitiveness
The India-US trade agreement is expected to unlock America’s $118 billion global imports market for textiles, apparel and made-ups, offering a major opportunity for India’s textile sector, the government said on Saturday.US remains the largest market for India’s textile exports, and the new tariff framework is expected to strengthen India’s positioning in global textile supply […]
Safe harbour regime may offer better post-tax cost and lower regulatory risk for MNCs: Sources
The safe harbour regime proposed in the Union Budget for component warehousing linked to manufacturing could offer multinational companies a comparable or better post-tax cost structure, along with lower regulatory risk, Finance Ministry sources told PTI.The proposal, which targets supply chain efficiency for electronics manufacturing, is expected to result in an effective tax of about […]
India-Russia ties strong, built on trust and mutual respect: Russian Consul General Ivan Fetisov
India and Russia continue to share a strong bilateral relationship built on trust and mutual respect, with Moscow open to cooperation with all countries willing to engage constructively, Russian Consul General Ivan Fetisov said on Saturday.Speaking to PTI Videos on the sidelines of the International Business Conclave at Advantage Vidarbha 2026 in Nagpur, Fetisov said […]