Finance & Economics News
GST Rates on Cigarettes, Carbonated Drinks, and Luxury Cars Likely to Rise
The Goods and Services Tax (GST) rates on certain items, including cigarettes, carbonated drinks, and luxury cars, may soon see a hike, according to government sources. This change is being considered as part of a proposal to replace the existing compensation cess with a new health and green cess, aimed at promoting sustainability and addressing health concerns. Currently, items like cigarettes, carbonated drinks, an
GST Rates on Cigarettes, Carbonated Drinks, and Luxury Cars Likely to Rise
The Goods and Services Tax (GST) rates on certain items, including cigarettes, carbonated drinks, and luxury cars, may soon see a hike, according to government sources. This change is being considered as part of a proposal to replace the existing compensation cess with a new health and green cess, aimed at promoting sustainability and addressing health concerns. Currently, items like cigarettes, carbonated drinks, an
US dollar falls to record lows in 2025 as global confidence erodes
The US dollar is undergoing an unprecedented decline in 2025, losing its long-held status as the world's most reliable safe-haven currency. The steep fall is being driven by investor panic over erratic and unfunded economic policies, ballooning national debt, and an erosion of confidence in the country's financial institutions. As a result, global markets are experiencing turbulence not seen since the 2008 financial crisis. At the heart of the crisis are a series of unpred
US dollar falls to record lows in 2025 as global confidence erodes
The US dollar is undergoing an unprecedented decline in 2025, losing its long-held status as the world's most reliable safe-haven currency. The steep fall is being driven by investor panic over erratic and unfunded economic policies, ballooning national debt, and an erosion of confidence in the country's financial institutions. As a result, global markets are experiencing turbulence not seen since the 2008 financial crisis. At the heart of the crisis are a series of unpred
Trump hints at reduced tariffs if US-India trade deal is reached before July 9 deadline
As the July 9 deadline approaches, India and the United States are engaged in crucial extended negotiations to finalize an interim trade agreement. The urgency behind these talks stems from the looming reimplementation of 26% reciprocal tariffs, which were initially imposed several years ago and temporarily suspended for 90 days. Should the two nations fail to reach an agreement by the deadline, these tariffs will automatically return, potentially destabilizing the trade relationship between the
Trump hints at reduced tariffs if US-India trade deal is reached before July 9 deadline
As the July 9 deadline approaches, India and the United States are engaged in crucial extended negotiations to finalize an interim trade agreement. The urgency behind these talks stems from the looming reimplementation of 26% reciprocal tariffs, which were initially imposed several years ago and temporarily suspended for 90 days. Should the two nations fail to reach an agreement by the deadline, these tariffs will automatically return, potentially destabilizing the trade relationship between the







