Though employees can withdraw up to 100% of the eligible balance in the PF including employee and employer share during their service, a new provision has been made that 25% of the contributions in an account should be maintained as minimum balance at all times. File. | Photo Credit: Supreet Sapkal The story so far:…
Union Finance Minister Nirmala Sitharaman addresses a press conference, in New Delhi on October 18, 2025. | Photo Credit: PTI Finance Minister Nirmala Sitharaman on Saturday (October 18, 2025) said the benefits of GST reforms are reaching consumers in the form of reduced prices. Addressing a press conference on GST Bachat Utsav, she said the…
India’s crude oil imports from Russia strengthened in the first half of October, reversing a three-month slide in arrivals seen during July-September as refineries were back on full stream to meet festive demand, according to ship tracking data. Imports from Russia slid from over 2 million barrels per day in June to 1.6 million bpd…
The journey of Goods and Services Tax (GST) implementation has entered a major new stage with the latest restructuring of tax slabs, a move expected to pass on over ₹2 lakh crore in tax benefits to consumers. With this, the GST compensation cess stands abolished as it merges with the regular tax, marking the end…
The timing of the U.K. sanctions is significant, coming days after U.K. Prime Minister Keir Starmer led a large trade delegation to Mumbai and U.K.-India relations appeared to touch a new high. (picture for representational purposes only) | Photo Credit: YORUK ISIK The British government has sanctioned the Vadinar (Jamnagar) oil refinery owned by Nayara…
Minister of Commerce and Industry Piyush Goyal, during the India-Brazil Business Dialogue, in New Delhi on October 16, 2025 | Photo Credit: PTI India has implemented a number of free trade agreements with developed nations and is in active dialogue for such pacts with nations including the U.S., Oman, and the EU, Commerce and Industry…
In this image posted on October 12, 2025, Commerce Secretary Rajesh Agrawal during a meeting. | Photo Credit: PTI Negotiations on the free trade agreement (FTA) between India and the European Union are facing issues relating to market access, regulatory cooperation and agricultural sensitivities, The Hindu has learnt. Separately, Commerce Secretary Rajesh Agrawal said that…
U.S. Treasury Secretary Scott Bessent looks on during a press conference with U.S. Trade Representative Jamieson Greer on the sidelines of the IMF/World Bank annual meetings in Washington, D.C., U.S., on October 15, 2025. | Photo Credit: Reuters The U.S. deficit-to-gross domestic product ratio has room to come down to the 3% range, Treasury Secretary…
SEBI banned eight individuals, alleging them of insider trading in the scrips of India Energy Exchange. File | Photo Credit: Reuters Securities and Exchange Board of India (SEBI) banned eight individuals, alleging them of insider trading in the scrips of India Energy Exchange amounting to a ₹173.14 crore, according to an interim order released October…
Image used for representational purposes. | Photo Credit: Reuters shows that for the first half of the financial year (April to September 2025), the trade deficit shrank by 2.3%. Data released by the Ministry of Commerce and Industry on Wednesday showed that India’s total exports stood at $67.2 billion in September 2025, up 0.8% over…
