Union Minister Piyush Goyal (right) meets Oman’s Minister of Commerce, Industry and Investment Promotion Qais bin Mohammed Al Yousef (left) during the India-Oman Business Forum, in Muscat on December 17, 2025. | Photo Credit: ANI India and Oman will endeavour to implement the India-Oman free trade agreement, signed on December 18, within the next three…
Net direct tax collection grew 8% to over ₹17.04 lakh crore between April 1-December 17 as refund issuances slowed, the income tax department data showed on Friday (December 17, 2025). This includes net corporate tax mop up of over ₹8.17 lakh crore and non-corporate tax of about ₹8.47 lakh crore. Net revenue from Securities Transaction…
In 2025, exports are estimated to improve to $17.5 billion, still well below earlier levels. File. | Photo Credit: Reuters India’s trade deficit with China is expected to reach $106 billion in 2025 as imports are rising faster than the country’s exports to the neighbouring country, think tank GTRI said on Friday (December 19, 2025)….
India’s remarkable merchandise trade performance in November should come as some relief for the government, but should not be the basis for any complacency. India’s merchandise exports, hit by the stiff headwind of 50% tariffs by the United States, the biggest export destination, unexpectedly grew 19.4% to $38.1 billion in November 2025. This is the…
India and Oman signed a Comprehensive Economic Partnership Agreement (CEPA) on Thursday (December 18, 2025), under which Oman will provide India duty-free access to 98.08% of its tariff lines, which covers 99.38% of what India exports to Oman. India, on the other hand, has offered liberalised tariffs on 77.79% of its total tariff lines, covering…
Prime Minister Narendra Modi, centre, at the Oman-India Business Forum, in Muscat, Oman. Other officials and leaders are also present. Source: X/@MEAINDIA Prime Minister Narendra Modi on Thursday (December 18, 2025) said the Comprehensive Economic Partnership Agreement (CEPA) between India and Oman will give new confidence and energy to the bilateral relations. Speaking at the…
Representational image of immigration counters at Kempegowda International Airport, Bengaluru | Photo Credit: G.P. Sampath Kumar The government on Wednesday (December 17, 2025) said it has simplified and streamlined the process for domestic companies to seek e-visas for foreign professionals, including engineers and technical experts, whose services are required for machine installation, quality checks, training…
Stock markets declined for the third consecutive day on Wednesday (December 17, 2025), with the benchmark Sensex closing lower by 120 points at a week’s low due to relentless foreign fund outflows. The 30-share BSE Sensex edged lower by 120.21 points or 0.14% to settle at 84,559.65. During the day, it dropped 263.88 points or…
Image used for representational purposes. | Photo Credit: Getty Images/iStockphoto The quality of microfinance loans has been improving since December 2024, with the ratio of delinquencies falling steadily since then and coming in at a four-quarter low in the September 2025 quarter, according to the latest Quarterly Microfinance Report by microfinance self-regulatory body Sa-Dhan. For…
Union Commerce Minister Piyush Goyal. File. | Photo Credit: PTI Confirming that India and Oman will be signing a Free Trade Agreement (FTA) on Thursday (December 18, 2025), Commerce Minister Piyush Goyal said that the FTA offers “immense opportunities” in a number of sectors, including textiles, footwear, automobiles, gems and jewellery, renewable energy, and auto…
