DDIndia Business: Economic Headlines & Updates

Business

September 3, 2025 3:58 PM

PMFME: Catalysing the ‘Vocal for Local’ food processing revolution

The Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) scheme is a transformative initiative aimed at converting local food processing units into the organised sector, increasing incomes, and empowering communities under “Atm...

September 3, 2025 3:37 PM

A Simpler, Smarter Tax System: India’s Income Tax Act, 2025

India has ushered in a transformative shift in its tax law with the passage of the Income Tax Act, 2025, officially notified on 3rd September 2025, and set to come into effect from 1st April 2026. This new legislation is not about raising taxes but a...

September 3, 2025 1:28 PM

Google keeps Chrome and Apple deal but must share data in big antitrust ruling

Google won't have to sell its Chrome browser, a judge in Washington said on Tuesday, handing a rare win to Big Tech in its battle with U.S. antitrust enforcers, but ordering Google to share data with rivals to open up competition in online search. G...

September 3, 2025 12:21 PM

India’s Services PMI surges to 62.9 in August, fastest growth since 2010

India’s services sector recorded its fastest pace of growth in more than 14 years, with the HSBC India Services PMI Business Activity Index rising to 62.9 in August from 60.5 in July, according to the HSBC PMI survey report. This marked the steepe...

September 3, 2025 11:38 AM

US imposes sanctions on network for transporting Iranian oil

The U.S. Treasury Department on Tuesday sanctioned a network of shipping companies and vessels led by an Iraqi-Kittitian businessman for smuggling Iranian oil disguised as Iraqi oil. The administration of President Donald Trump is keeping pressure o...

September 3, 2025 11:03 AM

FM Sitharaman to chair two-day GST council meet in Delhi from today

The 56th meeting of the Goods and Services Tax (GST) Council will begin on Wednesday in New Delhi to review proposed reductions on more than 150 items. The two-day meeting will be chaired by Finance Minister Nirmala Sitharaman and attended by finance...

September 3, 2025 10:16 AM

Nifty, Sensex open flat as investors eye GST Council meet outcome

The Indian benchmark indices opened flat on Wednesday, tracking weak global cues, while investors await the outcome of the two-day GST Council meeting to revise rates. As of 9:29 am, the Sensex moved 32 points up, or 0.04 per cent to 80,190, while t...

September 2, 2025 7:45 PM

Tariffs cause ‘unprecedented’ disruption to global trade rules, WTO chief says

The share of global trade done on WTO terms has fallen to 72% and could fall further, amid the biggest disruption to the international trading system in the past 80 years, the Director-General of the World Trade Organization said on Tuesday. Since U...

September 2, 2025 6:56 PM

UK borrowing costs hit highest since 1998, pound slides on fiscal worries

Britain's 30-year borrowing costs rose to their highest levels since 1998 and sterling slid over 1.5% on Tuesday, highlighting growing investor anxiety about the UK's ability to keep its finances under control. The selloff in British bonds, known as...

September 2, 2025 7:24 PM

Iran Oil Exports Hit Record High Despite Sanctions and Conflict

Iran’s crude oil and condensate exports have reached a new high over the past 12 months despite the imposition of 14 U.S. sanction packages totaling 465 measures, including the toughest oil-related restrictions since 2018. According to the Iranian ...

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