NEW DELHI: To drive self-sufficiency, the commerce department is identifying 100-odd products for a local manufacturing push where domestic players depend on imports currently, a top official said Monday.The swadeshi initiative is expected to see products from across sectors – engineering goods, chemicals, plastics and pharma – being identified for possible import substitution. “We have…
The government’s proposed Export Promotion Mission, designed to shield Indian exporters from global trade shocks, is set to be placed before the Union Cabinet for approval soon, sources told PTI. Inter-ministerial consultations on the scheme have been completed.The mission, first announced in the Union Budget, is expected to offer about Rs 25,000 crore worth of…
The Reserve Bank of India (RBI) on Monday rolled out final guidelines to regulate payment aggregators, bringing in a new framework that takes effect immediately.Under the Regulation of Payment Aggregators Directions, 2025, the RBI has classified aggregators into three categories — PA-P for physical, PA-CB for cross-border, and PA-O for online, PTI reported. While banks…
India’s stock market remains a strong engine of wealth creation among asset classes, according to the September Wealth Conversation Report released by FundsIndia on Monday.The report compares two decades of performance across equities, gold, debt and real estate, showing equities providing good results for long-term investors. Indian markets multiply investor wealth 13 times in 20…
This exports and imports data report marks the first since the United States imposed a 25% tariff on Indian products on August 7. (AI image) With businesses front-loading shipments, India’s exports experienced a second consecutive monthly increase during August, following the implementation of US President Donald Trump’s tariffs.This exports and imports data report marks the…
US President Donald Trump (Photo-AP) US President Donald Trump has renewed his call to end quarterly earnings reports for publicly traded companies, suggesting instead a six-month reporting period to ease costs and allow executives to focus on running their businesses, AP reported.In a post on his social media platform Truth Social, Trump wrote, “This will…
The second quarterly installment of advance tax for FY 2025-26 (AY 2026-27) is due on September 15, and taxpayers with liabilities above Rs 10,000 have been advised to pay taxes to avoid penal charges. A monthly interest of 1% is levied on delays or shortfalls under Sections 234B and 234C of the Income-tax Act.What is…
ITR filing FY 2024-25: September 15 is the deadline or due date to file your income tax returns for AY 2025-26. Some users have been reporting facing issues with the income tax portal. Filing your ITR on time is important to avoid penalties. With just hours left for the ITR filing due date to end,…
Americans will be able to continue using TikTok, as a framework deal has been reached for the ownership of the social video platform, US treasury secretary Scott Bessent announced on Monday.The remarks came after weekend trade talks between the United States and China in Spain.Speaking at a press conference in Madrid, Bessent said that Trump…
A parliamentary panel has recommended that India should consider renegotiating or even exiting the Information Technology Agreement (ITA) under the World Trade Organization (WTO), pointing to the US’s unilateral exit from WTO obligations and use of tariffs to protect its domestic industry as a possible template, sources told PTI. The Standing Committee on Communications and…
