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India Must Play Active Role in Global Economy Amid Shifting Supply Chains Says Sitharaman

Finance Minister Nirmala Sitharaman on Friday emphasized that India cannot afford to remain a passive spectator as geopolitical conflicts, sanctions, and tariffs continue to reshape global supply chains. Speaking at the inauguration of the Kautilya Economic Conclave 2025 in New Delhi, she said that India’s economy has shown remarkable resilience in the face of disruptions, but it must play a proactive role to secure its future. Sitharaman highlighted how global uncertainty is

Global News

03 Oct 2025 08:44 AM

India Must Play Active Role in Global Economy Amid Shifting Supply Chains Says Sitharaman

Finance Minister Nirmala Sitharaman on Friday emphasized that India cannot afford to remain a passive spectator as geopolitical conflicts, sanctions, and tariffs continue to reshape global supply chains. Speaking at the inauguration of the Kautilya Economic Conclave 2025 in New Delhi, she said that India’s economy has shown remarkable resilience in the face of disruptions, but it must play a proactive role to secure its future. Sitharaman highlighted how global uncertainty is

Global News

GST Reforms 2025: Tobacco, Luxury Cars, Soft Drinks To Get Costlier Under 40% Slab

The Government of India has rolled out a historic reform in the Goods and Services Tax (GST) system by eliminating the 12% and 28% slabs and restructuring the tax categories. The changes, which took effect today, bring relief to households as 99% of daily-use products will now fall under lower tax rates. However, in order to balance revenue and discourage harmful or luxury consumption, the government has introduced a new 40% GST slab for specific goods.

Business

22 Sep 2025 07:48 AM

GST Reforms 2025: Tobacco, Luxury Cars, Soft Drinks To Get Costlier Under 40% Slab

The Government of India has rolled out a historic reform in the Goods and Services Tax (GST) system by eliminating the 12% and 28% slabs and restructuring the tax categories. The changes, which took effect today, bring relief to households as 99% of daily-use products will now fall under lower tax rates. However, in order to balance revenue and discourage harmful or luxury consumption, the government has introduced a new 40% GST slab for specific goods.

Business

GST Council Approves New Measures to Ease Compliance and Rationalize Tax Slabs

The Goods and Services Tax (GST) Council has approved a series of new measures aimed at easing the compliance burden for businesses in India, with a focus on reducing the registration time for MSMEs (Micro, Small, and Medium Enterprises) and start-ups. Sources confirmed to that the new policy will reduce the MSME registration time from 30 days to just three days, streamlining the process significantly. In addition, a proposal for automated GST refunds for

Business

03 Sep 2025 11:51 AM

GST Council Approves New Measures to Ease Compliance and Rationalize Tax Slabs

The Goods and Services Tax (GST) Council has approved a series of new measures aimed at easing the compliance burden for businesses in India, with a focus on reducing the registration time for MSMEs (Micro, Small, and Medium Enterprises) and start-ups. Sources confirmed to that the new policy will reduce the MSME registration time from 30 days to just three days, streamlining the process significantly. In addition, a proposal for automated GST refunds for

Business

US-India Trade Deal Urgency Grows as Tariff Deadline and Global Stakes Rise

India is facing increasing pressure to conclude a trade agreement with the United States as the August 1 deadline approaches. If a deal is not reached, tariffs on key exports are expected to rise significantly to 26%, potentially impacting India's trade flows, domestic sectors, and global positioning. The urgency has been compounded by recent international developments and India's own active pursuit of balanced trade partnerships. A recent trade agreement between the Unite

Finance & Economics

25 Jul 2025 03:52 AM

US-India Trade Deal Urgency Grows as Tariff Deadline and Global Stakes Rise

India is facing increasing pressure to conclude a trade agreement with the United States as the August 1 deadline approaches. If a deal is not reached, tariffs on key exports are expected to rise significantly to 26%, potentially impacting India's trade flows, domestic sectors, and global positioning. The urgency has been compounded by recent international developments and India's own active pursuit of balanced trade partnerships. A recent trade agreement between the Unite

Finance & Economics

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

Finance & Economics

02 Jul 2025 06:07 AM

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

Finance & Economics

India Becomes World’s 4th Largest Economy

In a landmark economic achievement, India has officially become the world’s 4th largest economy, overtaking Japan, according to recent data shared by government officials and confirmed by the International Monetary Fund (IMF). The development comes just days after Prime Minister Narendra Modi reaffirmed India’s ambitious goal of becoming a $5 trillion economy by 2025. Union Minister Jitendra Singh announced the milestone on social media platform X, stati

Finance & Economics

26 May 2025 02:30 AM

India Becomes World’s 4th Largest Economy

In a landmark economic achievement, India has officially become the world’s 4th largest economy, overtaking Japan, according to recent data shared by government officials and confirmed by the International Monetary Fund (IMF). The development comes just days after Prime Minister Narendra Modi reaffirmed India’s ambitious goal of becoming a $5 trillion economy by 2025. Union Minister Jitendra Singh announced the milestone on social media platform X, stati

Finance & Economics

Poonam Gupta Becomes First Woman in 10 Years to Be Appointed as RBI Deputy Governor

Poonam Gupta, a prominent economist with global expertise, has been appointed as the new Deputy Governor of the Reserve Bank of India (RBI). Her appointment marks a historic milestone, as she becomes the first woman in over a decade to assume this high-ranking position at India’s central bank. She succeeds Michael Patra, who retired in January 2024. Gupta brings with her nearly two decades of international experience, having worked with the World Bank, International Monet

Business

02 Apr 2025 10:03 AM

Poonam Gupta Becomes First Woman in 10 Years to Be Appointed as RBI Deputy Governor

Poonam Gupta, a prominent economist with global expertise, has been appointed as the new Deputy Governor of the Reserve Bank of India (RBI). Her appointment marks a historic milestone, as she becomes the first woman in over a decade to assume this high-ranking position at India’s central bank. She succeeds Michael Patra, who retired in January 2024. Gupta brings with her nearly two decades of international experience, having worked with the World Bank, International Monet

Business

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#indiaeconomy

India Must Play Active Role in Global Economy Amid Shifting Supply Chains Says Sitharaman

India Must Play Active Role in Global Economy Amid Shifting Supply Chains Says Sitharaman

GST Reforms 2025: Tobacco, Luxury Cars, Soft Drinks To Get Costlier Under 40% Slab

GST Reforms 2025: Tobacco, Luxury Cars, Soft Drinks To Get Costlier Under 40% Slab

GST Council Approves New Measures to Ease Compliance and Rationalize Tax Slabs

GST Council Approves New Measures to Ease Compliance and Rationalize Tax Slabs

US-India Trade Deal Urgency Grows as Tariff Deadline and Global Stakes Rise

US-India Trade Deal Urgency Grows as Tariff Deadline and Global Stakes Rise

GST Rates on Cigarettes, Carbonated Drinks, and Luxury Cars Likely to Rise

GST Rates on Cigarettes, Carbonated Drinks, and Luxury Cars Likely to Rise

India Becomes World’s 4th Largest Economy

India Becomes World’s 4th Largest Economy

Poonam Gupta Becomes First Woman in 10 Years to Be Appointed as RBI Deputy Governor

Poonam Gupta Becomes First Woman in 10 Years to Be Appointed as RBI Deputy Governor

India Men's Shooting Team Clinch Silver at Asian Championships

Dublin Offers $15K Rebate for Building New ADUs

Punjab's Youth and the Risky American Dream: The Dangers of Illegal Migration to the US

Iran and US Accuse Each Other of Violating Ceasefire in Strait of Hormuz

Russian Plane Crash: 43 Confirmed Dead as Wreckage Found on Fire in Amur

Indian Army Sniffer Dogs Join Yoga Day at Siachen

EPFO Credits 8.25% FY26 Interest: Check PF Balance

T.K. Carter, veteran character actor from The Thing, dies at 69

Sourav Ganguly Sends Clear Message on Rohit Sharma and Virat Kohli Absence in India-England Test Series

Spiritual fervour fills Kashi Vishwanath Temple on first Monday of Sawan

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India Men's Shooting Team Clinch Silver at Asian Championships

Dublin Offers $15K Rebate for Building New ADUs

Punjab's Youth and the Risky American Dream: The Dangers of Illegal Migration to the US

Iran and US Accuse Each Other of Violating Ceasefire in Strait of Hormuz

Russian Plane Crash: 43 Confirmed Dead as Wreckage Found on Fire in Amur

Indian Army Sniffer Dogs Join Yoga Day at Siachen

EPFO Credits 8.25% FY26 Interest: Check PF Balance

T.K. Carter, veteran character actor from The Thing, dies at 69

Sourav Ganguly Sends Clear Message on Rohit Sharma and Virat Kohli Absence in India-England Test Series

Spiritual fervour fills Kashi Vishwanath Temple on first Monday of Sawan

#indiaeconomy

India Must Play Active Role in Global Economy Amid Shifting Supply Chains Says Sitharaman

India Must Play Active Role in Global Economy Amid Shifting Supply Chains Says Sitharaman

GST Reforms 2025: Tobacco, Luxury Cars, Soft Drinks To Get Costlier Under 40% Slab

GST Reforms 2025: Tobacco, Luxury Cars, Soft Drinks To Get Costlier Under 40% Slab

GST Council Approves New Measures to Ease Compliance and Rationalize Tax Slabs

GST Council Approves New Measures to Ease Compliance and Rationalize Tax Slabs

US-India Trade Deal Urgency Grows as Tariff Deadline and Global Stakes Rise

US-India Trade Deal Urgency Grows as Tariff Deadline and Global Stakes Rise

GST Rates on Cigarettes, Carbonated Drinks, and Luxury Cars Likely to Rise

GST Rates on Cigarettes, Carbonated Drinks, and Luxury Cars Likely to Rise

India Becomes World’s 4th Largest Economy

India Becomes World’s 4th Largest Economy

Poonam Gupta Becomes First Woman in 10 Years to Be Appointed as RBI Deputy Governor

Poonam Gupta Becomes First Woman in 10 Years to Be Appointed as RBI Deputy Governor

India Men's Shooting Team Clinch Silver at Asian Championships

Dublin Offers $15K Rebate for Building New ADUs

Punjab's Youth and the Risky American Dream: The Dangers of Illegal Migration to the US

Iran and US Accuse Each Other of Violating Ceasefire in Strait of Hormuz

Russian Plane Crash: 43 Confirmed Dead as Wreckage Found on Fire in Amur

Indian Army Sniffer Dogs Join Yoga Day at Siachen

EPFO Credits 8.25% FY26 Interest: Check PF Balance

T.K. Carter, veteran character actor from The Thing, dies at 69

Sourav Ganguly Sends Clear Message on Rohit Sharma and Virat Kohli Absence in India-England Test Series

Spiritual fervour fills Kashi Vishwanath Temple on first Monday of Sawan

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