Analysis by MUFG indicates that a sustained 50% tariff could cut India’s GDP growth by 1 percentage point over time, with the biggest hit to employment-sensitive sectors such as textiles. | Photo Credit: Getty Images/istockphoto Indian companies have seen the steepest earnings downgrades in Asia, with analysts slashing forecasts as steep U.S. tariffs heighten risks…
Union Minister for Coal and Mines, Kishan Reddy, launched the 13th round of commercial coal mine auctions in New Delhi on August 21, 2025. Photo: X/@kishanreddybjp Seeking wider stakeholder participation with the Government, Union Coal Minister G. Kishan Reddy said it is high time that coal production in India is increased. Launching the 13th round…
EY India. File | Photo Credit: Reuters The targeted import tariffs by the U.S. and the recent tax policy changes enacted through that country’s ‘One Big Beautiful Bill’ will mean Indian companies investing abroad would need to consider a “strategic pivot” and explore other geographies, according to EY India. This comes at a time when…
Image for representation only | Photo Credit: Getty Images/iStockphoto The Group of Ministers (GoM) on Rate Rationalisation, formed by the Goods and Services Tax (GST) Council, has decided to accept the Centre’s two-rate structure proposal for GST and will be recommending this to the GST Council, the chairperson of the GoM and Bihar Deputy Chief…
Reserve Bank of India (RBI) Governor Sanjay Malhotra. File. | Photo Credit: ANI The adverse impact of the tariff and geopolitical uncertainty on demand remained a major concern at the last the Monetary Policy Commitee (MPC) meeting, the minutes of which was released on Wednesday (August 20, 2025) indicate. “Uncertainty in external demand, driven by…
Within the Index, the coal sector saw the largest contraction, of 12.3%, in July 2025. Representational file image. | Photo Credit: Getty Images Growth in industrial activity in India’s eight core industries slowed to 2% in July 2025, dragged down by contractions in the fossil fuel categories, according to data released on Wednesday (August 20,…
Terms of Reference (ToR) signed amid pressure from the U.S to reduce its economic ties with Russia. File | Photo Credit: Getty Images/iStockphoto India and the Eurasian Economic Union (EAEU), comprising Russia, Armenia, Belarus, Kazakhstan, and the Kyrgyz Republic, on Wednesday (August 20, 2025) signed the Terms of Reference (ToR) to launch negotiations on a…
Union Finance Minister Nirmala Sitharaman. File. | Photo Credit: PTI Union Finance Minister Nirmala Sitharaman on Wednesday (August 20, 2025) addressed the three Groups of Ministers set up by the Goods and Services Tax (GST) Council to emphasise the importance of the Centre’s proposed reforms to the GST system, including the rate rationalisation efforts. The…
Union Information Broadcasting Minister Ashwini Vaishnaw speaks in Lok Sabha. File | Photo Credit: Sansad TV/ANI Video Grab A Bill seeking to prohibit and regulate online gaming was introduced in the Lok Sabha on Wednesday (August 20, 2025) amid Opposition protests over electoral roll revision in Bihar. Union Minister Ashwini Vaishnaw introduced the Bill as…
Karnataka Revenue Minister Krishna Byre Gowda. File photo: Special Arrangement Reforms in the Goods and Services Tax (GST) regime with rate rate rationalisation is a welcome move, but State governments are concerned with the impact of the same on the revenues accruing to them, according to Karnataka Revenue Minister Krishna Byre Gowda. Speaking to The…
