Category: Politics

US Treasury Secretary Scott Bessent New York, India has been a “bit recalcitrant” on trade negotiations with the US, Treasury Secretary Scott Bessent has said. “That’s aspirational,” Bessent said on Fox Business on Tuesday, responding to a question on wrapping up all the tariffs and trade deals by the end of October. “But I think we […]

Mumbai (Maharashtra) [India], August 12 (ANI): The Reserve Bank of India (RBI) on Tuesday announced the results of its latest yield and price-based auction of State Government Securities (SGS), raising a total of Rs 8,450 crore from various states and Union Territories. The cut-off yields in the auction ranged from 6.4377 per cent to 7.43 per […]

Despite being a demand-driven economy, tariffs may have adverse consequences in terms of loss of employment in labour-intensive units such as diamond-cutting units in Surat and ready-made garment units in Tiruppur. U.S. President Donald Trump proposed a baseline tariff of 10% on imports from all countries in the first week of April to start with. However, […]

U.S. President Donald Trump extended a tariff truce with China by another 90 days on Monday, a White House official said, staving off triple-digit duties on Chinese goods as U.S. retailers prepared for the critical end-of-year holiday season. Trump signed an executive order delaying the start of higher tariffs until mid-November shortly after giving reporters a […]

A combination of different factors, including demand, quality, and contractual arrangements, would determine the impact of Trump tariffs on India’s exports, Parliament was informed on Monday. In a written reply to a question in the Lok Sabha, Minister of State for Finance Ministry Pankaj Chaudhary said the government attaches the utmost importance to protecting and promoting […]

As many as 2.17 lakh pieces of fake notes of various denominations were detected during 2024-25 compared to 2.23 lakh such notes in the previous year, Parliament was informed on Monday. Of this, highest — 1,17,722 pieces — counterfeit notes of 500 [MG (New) Series] were detected in FY25, Minister of State for Finance Pankaj Chaudhary […]

New Delhi, Union Finance Minister Nirmala Sitharaman was all set to introduce revised Income Tax Bill 2025 in the Lok Sabha on Monday. The updated Income Tax Bill 2025 incorporates 285 suggestions from the Parliamentary Select Committee. The new legislation aims to simplify tax processes and address previous shortcomings, potentially reshaping the income tax landscape in […]

Besides financing fresh acquisitions, the Centre is seeking to allow disposal of mineral dumps through lump sum sale from captive mines. New Delhi: The government will likely seek this week Parliament approval for amendments to the mining laws, aimed primarily at allowing state funding for acquisition of overseas critical mineral assets. The proposal has received the […]

Union Minister Ashwini Vaishnaw on Sunday said India has become the top supplier of smartphones to the United States, with electronics manufacturing now worth Rs 12 lakh crore. India’s AI strategy aims to democratise technology access and boost jobs, said IT minister Ashwini Vaishnaw. Backed by initiatives like IndiaAI, AIKosh, and Bhashini, the government is building […]

New Delhi, India should “aggressively pursue” a free trade agreement with the European Union, besides moving ahead with land and labour market reforms and reducing regulations to accelerate its growth trajectory, the 16th Finance Commission Chairman Arvind Panagariya said on Friday. Speaking at the Business Today India@100 event, Panagariya said India faces a pivotal moment in […]