NEW DELHI: As Team GST – comprising state ministers and finance secretaries – descends on the Capital for crucial meetings starting Tuesday, all eyes are on how the all-powerful body deals with services in the 12% and 28% slab, as well as some in the 18% bracket.Services such as hotel rooms that cost up to […]
Private capex outlook: RBI article pegs 21.5% jump to Rs 2.67 lakh crore in FY26; infra & power sector to lead
Private sector capital investment is expected to climb 21.5 per cent to Rs 2.67 lakh crore in 2025-26, aided by strong macroeconomic fundamentals and a 100-basis-point policy rate cut, according to an article in the Reserve Bank of India’s August bulletin.The article, titled Private Corporate Investment: Growth in 2024-25 and Outlook for 2025-26, said Indian […]
GST refunds: Delhi CM Rekha Gupta says Rs 1,600 crore dues to be cleared before Diwali; traders to gain liquidity boost
Delhi Chief Minister Rekha Gupta on Sunday announced that nearly Rs 1,600 crore in pending GST refunds since 2019 will be released to traders before Diwali, enabling them to celebrate the festival with “greater joy and prosperity.”Gupta chaired a special meeting of the Department of Trade and Taxes at her Civil Lines camp office, which […]
Digital payments safety: RBI Deputy Governor Rao flags off Chandigarh walkathon; stresses responsible digital use
Reserve Bank of India Deputy Governor M Rajeshwar Rao on Sunday flagged off a walkathon on cyber security awareness at Sukhna Lake here, stressing that banking services, especially digital platforms, are designed for public convenience and must be used responsibly.The walkathon, organised by the Bankers’ Club, Chandigarh, saw enthusiastic participation from bankers across the region, […]
Trumps’ $750 million crypto deal sparks scrutiny: Family firm sells to itself, cashes in big; why watchdogs see red flags
The Trump family’s latest foray into cryptocurrency has triggered questions over conflict of interest after a $750 million transaction put their businesses on both sides of the deal, The Wall Street Journal reported.According to the WSJ, the arrangement centres on World Liberty Financial (WLFI) — the Trump family’s flagship crypto venture launched last year. Earlier […]
Gold outlook: Gold’s record run may hit resistance as US data, Fed signals and rupee slide set stage for volatility
Gold prices, which touched fresh record highs in India last week, may face a crucial test in the coming days as global macroeconomic cues and Federal Reserve signals drive investor sentiment, analysts said.The most-traded October contract on the Multi Commodity Exchange (MCX) surged to an all-time high of Rs 1,04,090 per 10 grams on Friday […]
Gems and jewellery exporters reel as US tariffs kick in; seek urgent govt relief, Surat jobs in risk
The Gems and Jewellery Export Promotion Council (GJEPC) has urged the Centre to announce immediate relief measures after the United States imposed 50 per cent tariffs on Indian goods, a move that exporters say has started hurting the $40 billion industry.The penal duties, which came into effect on August 27, have already disrupted shipments to […]
Fertiliser tech breakthrough: India develops first water-soluble process; aims to cut Chinese import dependence
India has developed its first indigenous water-soluble fertiliser technology after seven years of research, marking a breakthrough that could transform the country from an import-dependent buyer to an export-oriented player in specialty fertilisers.Backed by the Ministry of Mines and designed using Indian raw materials and plants, the innovation is being hailed as a true “Make […]
Textile trade: India-UK FTA may offset US losses; CareEdge Ratings sees export realignment ahead
The losses faced by Indian textile exporters due to steep reciprocal tariffs imposed by the United States may be cushioned by rising exports to the United Kingdom under the recently concluded India-UK Free Trade Agreement (FTA), CareEdge Ratings said in a report.The ratings agency noted that ongoing negotiations with the European Union could further open […]
FPI outflow hits six-month high: Rs 34.99 crore offloaded in August; US tariffs, high valuations fuel pull-out
Foreign investors withdrew Rs 34,993 crore (approximately $4 billion) from Indian equity markets in August, representing the most significant divestment in six months. This substantial withdrawal was influenced by US tariffs on Indian exports and high domestic valuations.The outflow was significantly higher than July’s figure of Rs 17,741 crore. Foreign Portfolio Investors’ (FPIs) total equity […]