The United States continues to be India’s biggest trading partner. (AI image) As India faces the threat of 50% US tariffs from August 27, the government is looking at sector-specific measures to cushion impact on exporters and small and medium enterprises. Indian goods exported to the US have been facing 25% tariffs from August 7,…
The new Kota-Bundi airport will be constructed at an estimated cost of Rs 1507 crore. (AI image) Kota to get a new airport! The Cabinet Committee on Economic Affairs, led by Prime Minister Narendra Modi, has approved the Airports Authority of India’s (AAI) proposal to develop a green field Airport in Kota-Bundi, Rajasthan. The new…
Indian Railways passengers will soon need to have their luggage weighed using electronic machines. Soon, your baggage on the train may have to undergo a weight check! Indian Railways is rolling out stringent baggage rules for train passengers, in line with the practices adopted by airlines.According to the proposed regulations, railway passengers will soon need…
NEW DELHI: The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved a bill to regulate online real-money gaming platforms, PTI reported, quoting sources. “The Cabinet has approved the bill to regulate online gaming platforms that involve real money,” the source told PTI.“The government is trying to table the bill in Parliament on…
China’s export restrictions on key rare earth magnets have led to supply chain bottlenecks affecting domestic industries, including electric vehicle (EV) manufacturers, the government told Parliament on Tuesday.In a written reply to the Lok Sabha, Minister of State for Commerce and Industry Jitin Prasada said regular consultations are being held with stakeholders to address the…
India’s procurement of Russian oil has increased significantly following Russia-Ukraine war that began in early 2022. (AI image) The Donald Trump administration is continuing with its criticism of India’s crude oil trade with Russia, accusing the former of indirectly financing the Russia-Ukraine war and making profits. US President Donald Trump has announced 25% additional tariffs…
NEW DELHI: India’s youngest airline Akasa on Tuesday said it has completed funding transaction of about Rs 1,200 crore from new investors including Premji Invest, asset management firm 360 ONE Asset, and the investment office of Ranjan Pai. Existing investor Jhunjhunwala family has also infused additional capital into the airline that started flying three years…
US Treasury Secretary Scott Bessent on Tuesday said that interviews for Federal Reserve Chair Jerome Powell’s replacement are expected to start around September 1, with 11 candidates under consideration.President Donald Trump’s choice of the next Fed chief is being closely tracked, especially after his repeated criticism of the central bank for holding back on interest…
The proposed revamp of the Goods and Services Tax (GST) into a two-tier structure with lower levies on household goods could lift consumption by Rs 1.98 lakh crore but also result in an estimated yearly revenue loss of Rs 85,000 crore, SBI Research said in a report released Tuesday.The Centre has put forward a ‘next-gen…
Union Minister Nitin Gadkari on Tuesday said the government’s aim is to make India’s automobile industry the number one in the world within the next five years.Launching a report prepared by The Express Industry Council of India (EICI) and KPMG, Gadkari said the outlook for the express industry is also promising.“The size of Indian automobile…
