India is facing a difficult strategic choice after the US imposed a steep 50% country-specific tariff on most Indian goods, on top of existing duties, according to the Global Trade Research Initiative (GTRI). Founder Ajay Srivastava was quoted by news agency PTI as saying that the options range from negotiating or retaliating to diversifying export…
India’s purchases of Russian crude oil have risen to 2 million barrels per day (bpd) in August, up from 1.6 million bpd in July, according to data from global analytics provider Kpler. The increase, which came at the expense of imports from Iraq and Saudi Arabia, means Russia supplied 38 per cent of India’s estimated…
No, you don’t need to buy a new FASTag if you have an existing FASTag. The Annual Pass can be activated on your current FASTag, as long as it fulfills the eligibility requirements (such as being correctly attached to the vehicle’s windshield, connected to a valid Vehicle Registration Number, not blacklisted, etc.). Source link
Asian stock markets showed a mixed performance on Friday, with strong Japanese growth figures offset by weaker Chinese data, while oil prices slipped ahead of a high-stakes US-Russia summit on Ukraine.As per news agency AFP, Japan’s economy expanded by 0.3% in the April-June quarter, surpassing forecasts, while the previous quarter’s output was revised upwards, helping…
Prime Minister Narendra Modi on Friday outlined an ambitious roadmap to drastically cut India’s reliance on imported oil and gas, announcing rapid expansion in nuclear power, deep-sea oil exploration, and other clean energy initiatives. Speaking from the ramparts of the Red Fort on the country’s 79th Independence Day, he said energy self-reliance is critical for…
The ministry of finance has released details on the proposed GST reforms, saying that a two-slab GST structure is being mulled. (AI image) Big GST relief soon! Prime Minister Narendra Modi in his Independence Day speech announced that the Goods and Services Tax (GST) burden on the common man is set to come down from…
Japan recorded modest economic growth in the April–June quarter, overcoming the pressure of steep US tariffs, official figures showed on Friday. Preliminary data from the Cabinet Office indicated that gross domestic product (GDP) grew 0.3% from the previous quarter, outpacing market expectations of 0.1%. The January–March reading was also revised up to 0.1% growth from…
PM Modi promised a Diwali gift for people in the form of GST reforms and lower tax burden. (AI image) In a big cheer for the middle class and common man, Prime Minister Narendra Modi on Friday announced upcoming Goods and Services Tax (GST) reforms. Speaking from Red Fort on the occasion of the 79th…
NEW DELHI: Government is rolling out a four-pronged strategy to boost India’s exports, focusing on fast-tracking trade pact negotiations, improving ease of doing business, enhancing export competitiveness, and diversifying both exports and imports, a top official said on Thursday.The move comes in response to steep new US tariffs on Indian goods, which have triggered concerns…
National Payments Corporation of India (NPCI) has directed banks and payment apps to stop all peer-to-peer (P2P) ‘collect requests’ on UPI from October 1, 2025, in an effort to curb financial fraud.In a circular dated July 29, NPCI said, “It is hereby informed that by October 1, 2025 UPI P2P collect shall not be allowed…
