A man counts Indian currency notes at a market in Bengaluru, India, August 1, 2025. REUTERS/Priyanshu Singh | Photo Credit: Reuters The rupee traded in a narrow range and edged higher by 8 paise to 87.39 against the U.S. dollar in early trade on Thursday (August 14, 2025), amid a positive trend in domestic equities….
The United States is the real ‘tariff king’, at least in the dairy business, despite U.S. President Donald Trump labelling India as one, said Jayen Mehta, managing director of the Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF), which markets the Amul brand. Mr. Mehta added that the new U.S. tariffs would not affect Amul’s overseas sales,…
Representative image | Photo Credit: The Hindu The Indian government is tweaking its earlier plans for an Export Promotion Mission to make it more targeted towards specific sectors in the wake of the increased tariffs imposed by the U.S. on imports from India, The Hindu has learnt. This would entail reducing the cost of credit…
Chief Economic Advisor V. Anantha Nageswaran on Wednesday (August 13, 2025) said U.S. tariffs-related challenges will dissipate in the next one or two quarters, and urged the private sector to do more as the country navigates through other longer-term challenges. He attributed the growth slowdown in FY25, which saw a deceleration to 6.5 per cent…
The latest order is aimed at further tightening the import of jute and products made from Bangladeshi jute. File | Photo Credit: Reuters A day after India imposed a fresh round of port restrictions on a range of jute products, officials here justified the move as necessary because Bangladesh’s subsidies were “killing” local Indian industries….
“Banks write off NPAs, including those in respect of which full provisioning has been made on completion of four years, as per the Reserve Bank of India (RBI) guidelines and policy approved by banks’ Boards,” Minister of State for Finance Pankaj Chaudhary said. File Photo: Sansad TV via ANI Public sector banks (PSBs) have written…
As of 2023-24, the Central Government has failed to transfer ₹3.69 lakh crore worth of cess collections to the relevant funds for which the cess was implemented, the Comptroller and Auditor General has found. A cess is a levy over and above a tax and has to be used for a particular purpose. These short…
The July 2025 inflation is the lowest since June 2017 when it was at 1.46%. The year-on-year food inflation rate in July was (-) 1.76%. Image used for representation purpose only. | Photo Credit: Sushil Kumar Verma Retail inflation slipped to an eight-year low of 1.55% in July mainly due to subdued prices of food…
In the local markets, gold of 99.5 per cent purity dipped ₹1,000 to ₹1,01,100 per 10 grams (inclusive of all taxes) on August 12, 2025. File photo: Special Arrangement Gold prices plunged ₹1,000 to ₹1,01,520 per 10 grams in the national capital on Tuesday (August 12, 2025) in line with a sell-off in global markets,…
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Net direct tax collection dipped 3.95% to ₹6.64 lakh crore so far this fiscal, mainly on account on higher refunds, according to government data released on Tuesday (August 12, 2025). Direct tax includes taxes on income paid by companies, individuals, and by professionals, and…
