Many NRIs in the UAE and Saudi Arabia are rushing to send money home as rupee weakens against the UAE dirham. Rupee is now hovering around Rs 23.5 per AED, its lowest level since early April, triggering a spike in remittances across the region. Currency exchange firms across the Gulf have reported a clear uptick…
Oil supply through the crucial Strait of Hormuz is unlikely to be affected, even though conflict in the Middle-East continues to escalate and crude prices continue to rise.The region remains tense after the recent US strike on Iran, but there is hope that oil supply routes will continue to operate without disruption, experts told ANI.Former…
Commerce and Industry Minister Piyush Goyal affirmed that India’s free trade agreements (FTAs) prioritize domestic industry interests through extensive stakeholder consultations, carefully balancing offensive and defensive needs. He emphasized pursuing trade pacts with complementary economies, ensuring national and public interests are upheld. Commerce and industry minister Piyush Goyal on Monday said India is shaping its…
The finance ministry has extended the deadline for central government employees to choose between the Unified Pension Scheme (UPS) and the National Pension System (NPS) by three months, from June 30 to September 30, 2025.The move comes after various stakeholders, including employee unions and retirees’ associations, sought more time to assess their options. The UPS,…
India’s economic activity showed a mixed picture in June, after a clear slowdown in May, according to a recent report by ICRA.While electricity demand showed some improvement in June, daily average vehicle registrations continued to weaken compared to May.Demand for two-wheelers and tractors is likely to improve on the back of rural sentiments, while urban…
Donald Trump’s decisions on tariffs have become more crucial than ever. (AI image) US strikes on Iran’s nuclear facilities have had one important consequence – globally markets are aware that Donald Trump will not always ‘chicken out’! US President Donald Trump’s military strike on Iranian nuclear installations, alongside Israel’s ongoing conflict with Iran, has introduced…
ITR filing: The deadline to file income tax returns has been extended to September 15, 2025 this year, as against July 31 every year. (AI image) ITR filing FY 2024-25: Who needs to file income tax return? At what income level is filing of ITR necessitated? That’s an important question in the minds of taxpayers,…
US stock markets inched up on Monday, showing little immediate reaction to the ongoing Middle East conflict, including fresh US-led airstrikes on Iran over the weekend.Wall Street traded in green as Dow jumped 152.32 points or 0.36%, reaching 42,359.14. Nasdaq Composite surged to 19,518.46, gaining 71.05 points or 0.37%. S&P500, followed a similar suit, gaining…
India’s private sector activity showed strong momentum in June, reaching its fastest pace in over a year, as firms ramped up production to meet booming domestic and international demand. These figures marked nearly four straight years of growth, fresh survey data released on Monday.The HSBC Flash India Composite Purchasing Managers’ Index (PMI), compiled by S&P…
The national payments corporation of India, NPCI, has introduced a new facility for real-time PAN and bank account validation on the Income Tax department’s e-filing website. Announced in a circular dated June 17, 2025, the initiative aims to streamline the verification process for taxpayers linking their PAN with their bank accounts.The facility, launched through a…
