Trade Deficit Widens to Record $26.18 Billion
India’s goods trade deficit widened to a record $26.18 billion in June, higher than the government’s previous estimate of $25.63 billion, after the Commerce Ministry...
Category : ECONOMY
RBI Cancels Certificate of Registration of Four NBFCs
On Tuesday, the Reserve Bank of India (RBI) rejected the Certificate of Registration of non-banking financial companies (NBFCs). Four NBFCs have cancelled their Certificate of...
GST Council to Discuss Compensation for States, Tax on Online Gaming Today
On June 29, the GST council will discuss state compensation for online gaming and casinos and the Goods and Services Tax (GST). According to a...
Govt Notifies GST Compensation Cess Extended Till March 2026
The government has extended the Goods and Services Tax (GST) compensation tax until March 2026. On June 25, the Finance Ministry confirmed the extension through...
GST Council to Consider Sales Tax on Cryptocurrency Next Week
According to people familiar with the matter, an Indian ministerial panel will meet next week to discuss a goods and services tax on cryptocurrency transactions....
Govt Partners with SBI to Create Integrated Pension Portal
According to an official statement on Tuesday, the Centre’s Department of Pensions and Pensioners Welfare (DoPPW) will partner with the State Bank of India (SBI)...
India, EU Resume FTA Talks After 9 Years
On Saturday, the Ministry of Commerce and Industry said India and the European Union (EU) had restarted free trade agreement (FTA) talks after nine years....
India’s Foreign Exchange Reserves Decline $4.6 Billion to $596 Billion
The Reserve Bank of India (RBI) released the latest data showing that India’s foreign exchange reserves fell by $4.6 billion to $596 billion on June...
Direct Tax Collection Hits Rs 3.39 Trillion, Up 45%: CBDT
From April 1 to June 16, Net direct tax collection surged 45% to Rs 3.39 trillion in the fiscal year compared with Rs 2.33 trillion...
New Debit, Credit Card Rules for OTP Requirements Take Effect
The Reserve Bank of India has allowed an immediate increase in the limit of e-mandate/standing instructions on credit/debit cards and Prepaid Payment Instruments (PPIs) from...