Economy Archives - Page 90 of 238

Economy

February 10, 2025 2:04 PM

New Income Tax Bill to raise transparency in tax laws, say experts

The government is preparing to introduce a new Income Tax Bill aimed at simplifying tax laws and improving compliance. The bill is expected to use clear language to help taxpayers understand their obligations and rights. Union Finance Minister Nirma...

February 10, 2025 1:52 PM

India to inaugurate EFTA Desk for trade expansion

India is set to inaugurate the EFTA Desk in New Delhi, marking a step in strengthening economic relations with the European Free Trade Association (EFTA). The desk will be inaugurated by Union Minister for Commerce and Industry Piyush Goyal along wit...

February 10, 2025 10:09 AM

Stock market trades lower as Trump threatens new tariff on all steel, aluminium imports

Indian benchmark indices opened lower on Monday as US President Donald Trump threatened to start imposing a new 25 per cent tariff on all steel and aluminium imports, including those from Canada and Mexico. The new tariffs are expected to be imposed...

February 10, 2025 9:59 AM

Parliament Budget Session to resume today

The Budget Session of Parliament will reconvene on Monday, with both the Lok Sabha and Rajya Sabha set to meet. The session will continue discussions on the Union Budget for 2025, along with other significant matters. One of the key highlights of th...

February 10, 2025 9:29 AM

Trump to announce 25% steel and aluminum tariffs in latest trade escalation

U.S. President Donald Trump said on Sunday he will introduce new 25% tariffs on all steel and aluminum imports into the U.S., on top of existing metals duties, in another major escalation of his trade policy overhaul. Trump, speaking to reporters ...

February 9, 2025 1:18 PM

India’s pharma exports has potential to reach $350 billion by 2047: Report

India’s pharmaceutical exports are projected to double from approximately $27 billion in 2023 to reach $65 billion by 2030, and can further grow to an estimated $350 billion by 2047, according to a new report. While India is the largest supplier o...

February 8, 2025 10:04 AM

India’s forex reserves rise for 2nd consecutive week, gold reserves up

The forex reserves rose $1.05 billion to reach $630.607 billion for the week ended January 31, according to the Reserve Bank of India (RBI) data. The overall reserves had increased by $5.574 billion to $629.557 billion in the previous week. The fore...

February 7, 2025 4:31 PM

Sensex, Nifty end lower as investors digest RBI MPC decision

The Indian stock market closed lower on Friday as investors continued to assess the Reserve Bank of India (RBI)'s recent Monetary Policy Committee (MPC) decision to cut the repo rate by 25 basis points (bps). Despite the rate cut, the central bank ma...

February 7, 2025 3:50 PM

India hits 100 GW solar power capacity milestone, local manufacturing surges

In a testament to the nation's commitment to a cleaner, greener future, India has achieved a historic milestone by surpassing 100 GW of installed solar power capacity, reinforcing its position as a global leader in renewable energy, the government sa...

February 7, 2025 2:59 PM

RBI forms Working Group to review trading and settlement timings of financial markets

The Reserve Bank of India (RBI) on Friday established a 9-member Working Group to conduct a comprehensive review of the trading and settlement timings for financial markets. The group will examine various developments in the financial sector over re...

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