DDIndia Business: Economic Headlines & Updates

Business

July 1, 2026 4:18 PM

Nine years of GST: How India’s biggest tax reform is powering growth, simplifying business and shaping a unified market

Nine years after the rollout of the Goods and Services Tax (GST), India's landmark indirect tax reform has transformed the country's taxation landscape by replacing a fragmented system of multiple central and state levies with a unified national fram...

July 1, 2026 4:14 PM

Sensex, Nifty end higher as FMCG, banking and realty stocks lift benchmark indices

Indian equity benchmark indices ended higher on Wednesday, supported by strong buying in FMCG, banking, financial and realty stocks. The Nifty climbed 140.10 points, or 0.59 per cent, to close at 24,005.85, while the Sensex advanced 443.97 points, o...

July 1, 2026 4:12 PM

eSARAS: How Digital India is empowering rural women entrepreneurs and bringing India’s handcrafted heritage to national markets

India's rural economy is witnessing a quiet but significant transformation as digital technology reshapes the way traditional artisans connect with consumers. From handwoven Chanderi sarees in Madhya Pradesh and intricately carved marble handicrafts ...

July 1, 2026 3:21 PM

Govt grants Miniratna status to MECON Limited

The Ministry of Steel has approved the granting of Miniratna Category-I status to engineering major MECON Limited, as the Central Public Sector Enterprise (PSE) has achieved the required financial milestones which include generating continuous profit...

July 1, 2026 2:50 PM

India’s gross GST collections surge 13.9% YoY to Rs 1.94 lakh crore in June 2026

India's gross Goods and Services Tax (GST) collections climbed to Rs 1,94,812 crore in June 2026, marking a 13.9 per cent year-on-year increase from Rs 1,71,105 crore in June 2025. According to provisional data released by the Finance Ministry, the g...

July 1, 2026 1:03 PM

Trump reports over $1.4 billion in income from crypto ventures

U.S. President Donald Trump reported more than $1.4 billion in income from his family’s crypto ventures last year, showing how Trump now derives most of his income from digital assets that have benefited from his policies, according to a review of ...

July 1, 2026 12:20 PM

UPI clocks 23 per cent growth in June, transactions hit 22.72 billion

The Unified Payments Interface (UPI) transaction volumes rose 23 per cent (year-on-year) to 22.72 billion in June, while UPI transaction value surged 20 per cent to Rs 28.92 lakh crore last month, according to data released by the National Payments C...

July 1, 2026 11:51 AM

OMCs slash ATF prices by nearly Rs 5 per litre amid softer crude oil

State-owned oil marketing companies (OMCs) have reduced aviation turbine fuel (ATF) prices by nearly Rs 5 per litre, effective from Wednesday, following a decline in international crude oil prices after easing geopolitical tensions in West Asia. Acc...

July 1, 2026 11:26 AM

OMCs cut commercial LPG cylinder prices after months of hikes; Delhi rate falls to Rs 2,930

State-owned oil marketing companies (OMCs) on Wednesday reduced the prices of 19-kg commercial LPG cylinders by up to Rs 183.50 across major cities, rolling back part of the increases seen in recent months amid higher global energy prices linked to t...

July 1, 2026 10:31 AM

US lifts curbs on Anthropic’s Fable, Mythos AI models

Anthropic said on Tuesday that the U.S. Commerce Department lifted export controls on its Fable and Mythos AI models, less than three weeks after the company was ordered to suspend access to its most advanced AI models over national security risks. ...