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The Prime Minister also urged people to participate in Chhath Puja festivities, stating, "Wherever you are in the world, if you have a chance, try to participate in Chhath Puja. I bow down to Chhathi Maiya. I extend my greetings to the countrymen on the occasion of Chhath, especially to the people of Bihar, Jharkhand and Purvanchal." Prime Minister Narendra Modi on Sunday extended his greetings on the occasion of Chhath Puja, describing the festival as a reflection of the "deep unity" between c ...Read More >
Hyderabad: "Komaram Bheem Ji left an indelible mark on the hearts of countless people, especially the tribal community. He instilled new strength in those fighting against the Nizam's atrocities," Prime Minister Narendra Modi said on Sunday. He said this while addressing the nation during his monthly radio programme 'Mann Ki Baat'. Welcoming to 'Mann Ki Baat', Modi said these days, the entire country is immersed in the festive spirit. "All of us celebrated Diwali a few days ago, and now a large ...Read More >
New Delhi, Oct 26 (SocialNews.XYZ) Prime Minister Narendra Modi on Sunday shared messages from people in response to his recent letter addressed to the nation during this festive season, emphasising the country's accomplishments. PM Modi mentioned that he had written a letter just after Diwali, wishing the countrymen and highlighting the nation's achievements and shared that he received very positive responses. Addressing the 127th episode of his monthly radio programme, 'Mann Ki Baat', PM Mod ...Read More >
India's largest iron ore producer, NMDC, had previously reset the prices of the key raw material of steel on August 1 to ₹6,100 for Baila Lump and ₹5,250 for Baila Fines. State-owned miner NMDC has reduced iron ore prices by ₹550 per tonne of Baila Lump and by ₹500 for the same quantity of Fines effective October 22. Revising the prices after almost three months, the company said the new, per tonne price of Baila Lump is ₹5,550, while that of Baila Fines is ₹4,750. These are FOR pri ...Read More >
NewsVoirBengaluru (Karnataka) [India], October 24: The Goods and Services Tax (GST) has been a game-changer in India's taxation system since its rollout in 2017. After almost two decades of deliberation and planning, the country adopted a unified tax structure aimed at simplifying the complex web of state and central taxes. But the journey of GST has been anything but smooth. With its ups and downs over the past eight years, the Indian government is now implementing Next-Gen GST Reforms in 2025. ...Read More >
Customs duty compliance just got simpler! The CBIC has merged 31 old notifications into one, making it easier for businesses to navigate exemptions and benefits. This move streamlines procedures, clarifies agriculture infrastructure development cess rates for key goods, and expands eligible agencies for duty-free precious metal imports. It's a significant step towards improving the ease of doing business in India. New Delhi: The Central Board of Indirect Taxes and Customs (CBIC) has consolidate ...Read More >
NEW DELHI: The department of financial services (DFS) in the finance ministry and govt's policy think tank Niti Aayog have no role in the investment decisions of LIC, and the investment guidelines of the state-owned company are governed by board-approved policies, officials said on Saturday, adding that the insurer's exposure to the Adani Group is far less than to other conglomerates. LIC's investment in the Tata Group is estimated at Rs 1.3 lakh crore, while the exposure to the Aditya Birla Gro ...Read More >
Addressing the Rozgar Mela virtually, the prime minister highlighted that the reform would increase exports and give young people new opportunities to work on global projects. Hailing the new Goods and Services Tax (GST) reforms, Prime Minister Narendra Modi on Friday asserted that the country is seeing the "positive impact in the MSME sector and retail trade" and would create new employment opportunities. Addressing the Rozgar Mela virtually, the prime minister highlighted that the reform wou ...Read More >
MUMBAI: BJP politicians and the writer of a congratulatory tome titled 'Modi's Mission' outdid one another in heaping fulsome praise on PM Narendra Modi at the book's release at Raj Bhavan on Friday. Maharashtra governor Acharya Devvrat's statement -- that Modi became prime minister of India "out of a divine arrangement" -- was the most lavish but the other attendees were not far behind. The book release was attended by chief minister Devendra Fadnavis, Dy CM Eknath Shinde and Ram Shinde, chairp ...Read More >
New Delhi, Oct 25 (SocialNews.XYZ) The government has issued a new notification towards bringing a major reform in the customs exemption framework towards ease of doing business. The new notification by Ministry of Finance (Department of Revenue) rationalises and harmonises existing customs duty exemptions across various sectors. The Central Board of Indirect Taxes and Customs (CBIC) has consolidated 31 separate Customs Duty notifications into a single comprehensive document. The sectors covere ...Read More >
India is set to outpace China, which is expected to grow at 4.8%. New Delhi: The International Monetary Fund (IMF) has predicted that India will continue to be one of the fastest-growing 'emerging market and developing economies' in 2025-26, growing at a rate of 6.6%, according to the World Economic Outlook (WEO) report. This upward revision is attributed to strong economic performance in the first quarter, which has more than offset the effects of increased US tariffs on Indian goods. India ...Read More >
India's private sector growth slowed in October to its lowest in five months. Weaker demand and higher output prices impacted business optimism. Services sector growth saw a slowdown, while manufacturing activity improved. New orders expanded at a slower pace. International demand softened, particularly for exports to the United States. Businesses raised selling charges despite some cost easing. Growth in India's private sector eased to a five-month low in October as weaker demand and rising ou ...Read More >
NEW DELHI: Prime Minister Narendra Modi on Friday said that more than 11 lakh appointment letters have been issued through Rozgar Melas so far, underscoring the government's continued focus on employment generation. He also announced that 51,000 youth have been given appointment orders confirming their permanency on Diwali day. Addressing the Rozgar Mela via video conferencing, the Prime Minister said that these events have become an important platform for fulfilling the aspirations of young In ...Read More >
Mumbai, October 24: Tata Motors' name has been changed to Tata Motors Passenger Vehicles after the demerger. The Indian automobile giant will trade as TMPV on stock exchanges. It was effective after the company's stock adjusted to the demerger of its commercial vehicle business earlier this month. Soon, the shares of the demerged commercial vehicle business may be listed on stock exchanges, including BSE and NSE. TaMo (Tata Motors) has now officially become TMPV; however, the question arises ab ...Read More >
New Delhi, Oct 24 (PTI) ITC Hotels on Friday reported nearly 74 per cent rise in consolidated net profit for the second quarter ended September at Rs 133.29 crore, on higher revenue from operations. The company, which listed on the stock exchanges earlier this year post its demerger from ITC Limited, had posted a net profit of Rs 76.63 crore a year ago. In a statement, ITC Hotels observed that the hospitality sector remains well-positioned for expansion, backed by robust domestic travel, evolv ...Read More >
New Delhi, Oct 24 (PTI) SBI Life Insurance Company on Friday reported a net profit of Rs 494.6 crore for September quarter of the current fiscal (FY26), marking a year-on-year decline of 6.6 per cent. The insurer had a net profit of Rs 529.42 crore in the same quarter last year. The company's net premium income during the quarter under review rose to Rs 24,848 crore from Rs 20,266 crore registered a year ago, according to a stock exchange filing. Amit Jhingran, MD & CEO of SBI Life welcomed t ...Read More >
Finance Minister Nirmala Sitharaman on Wednesday said that the GST 2.0 reforms, which came into effect from September 22, have given a significant push to the domestic automotive industry, with car sales more than doubling to over half a million units. New Delhi, Finance Minister Nirmala Sitharaman on Wednesday said that the GST 2.0 reforms, which came into effect from September 22, have given a significant push to the domestic automotive industry, with car sales more than doubling to over half ...Read More >
Samastipur/Begusarai, Oct 24 (PTI) Prime Minister Narendra Modi on Friday launched his Bihar assembly poll campaign with back-to-back rallies in Samastipur and Begusarai districts, asserting that the NDA under Chief Minister Nitish Kumar will break all previous electoral records. The PM also called the INDIA bloc a "mahalathbandhan" (a tie-up in which people beat each other with sticks), a mocking reference to 'Mahagathbandhan' or grand alliance, as the opposition coalition is commonly known. H ...Read More >
NEW DELHI: India's festive retail sales have reached an all-time high this year, highlighting the impact of recent economic policies, including GST rate rationalisation, Union Finance Minister Nirmala Sitharaman said on Friday. Speaking at the inaugural event of the new CGST Bhawan in Ghaziabad, FM Sitharaman said that the next generation GST reforms will make this system even more efficient, equitable and growth-oriented. "I am confident that with continued reforms, dedication and teamwork, w ...Read More >
New Delhi: India's manufacturing activity showed renewed strength in October, with the HSBC Flash India Manufacturing Purchasing Managers' Index (PMI) rising to a two-month high of 58.4, up from 57.7 in September, a report showed on Friday. The data compiled by S&P Global indicates that the country's manufacturing sector continues to expand at a solid pace, supported by strong domestic demand and easing cost pressures. The rise in the manufacturing PMI reflects an improvement in business condi ...Read More >
New Delhi, October 24: The grand festival of Chhath Puja, dedicated to worshipping the Sun God, is set to give a major boost to the Indian economy, with trade worth around Rs 38,000 crore expected across the country, according to the Confederation of All India Traders (CAIT) on Friday. This marks a sharp rise of 22.58 per cent from last year's Rs 31,000 crore and Rs 27,000 crore in 2023 -- reflecting the festival's growing cultural and economic significance. The four-day festival, celebrated wi ...Read More >
Indian paper industry warns of a surge in imports following GST reforms, potentially undermining 'Make in India'. With uncoated paper for notebooks now tax-free on imports, domestic manufacturers face higher costs and reduced competitiveness. This change could significantly impact the education sector and burden students with increased prices. Indian paper industry has raised concern over the potential surge in paper imports following the recent GST reforms, warning that the move could erode do ...Read More >
Mumbai, Oct 23 (PTI) Equity benchmark indices Sensex and Nifty ended marginally higher on Thursday, helped by robust buying in IT and tech stocks amid growing optimism on the US-India trade deal front. After hitting a 52-week high, indices reversed most of their intra-day gains on fag-end profit-taking after sentiment turned cautious amid concerns over US sanctions against Russia's two largest oil companies. Besides, an over one per cent decline in heavyweight Reliance Industries also pulled t ...Read More >
New Delhi [India], October 23 (ANI): Indian stock indices surrendered most of their gains from Thursday as the session progressed, mainly due to US sanctions on key Russian crude majors and indications that the US deal may not be finalised soon, analysts said. Profit booking by investors also likely weighed on the stock indices. "The US sanctions on Russian oil majors also raised concerns that India may have to curtail purchases of discounted Russian crude and turn to costlier alternatives, pot ...Read More >
New Delhi, October 23: Finance Minister Nirmala Sitharaman highlighted on Thursday that the unified payments interface (UPI) platform processed 754 million payments worth Rs 1.02 lakh crore on October 18, marking the highest single-day tally, as consumer demand surged due to the GST rate cuts. During the three-day period between Dhanteras and Diwali, the average UPI volumes stood at 736.9 million -- higher than 647.46 million in the corresponding period a month ago, the Finance Minister said. " ...Read More >
NEW DELHI: Finance Minister Nirmala Sitharaman highlighted on Thursday that the unified payments interface (UPI) platform processed 754 million payments worth Rs 1.02 lakh crore on October 18, marking the highest single-day tally, as consumer demand surged due to the GST rate cuts. During the three-day period between Dhanteras and Diwali, the average UPI volumes stood at 736.9 million -- higher than 647.46 million in the corresponding period a month ago, the Finance Minister said. "It has been ...Read More >
New Delhi, Oct 23 (PTI) FMCG major Hindustan Unilever Ltd (HUL) on Thursday reported a 3.8 per cent rise in consolidated net profit at Rs 2,694 crore and sales was up 2.1 per cent in the September quarter of FY'26 with a "flat underlying volume growth" due to the transitory impact of GST changes and prolonged monsoon in parts of the country. HUL, which owns popular brands such as Rin, Surf Excel, Lux, Horlicks etc had logged a net profit of Rs 2,595 crore in the July-September quarter a year ag ...Read More >
Mumbai: Packaged consumer goods giant Hindustan Unilever Ltd on Thursday reported a muted 1.5% rise in consolidated revenue to ₹16,388 crore for the July-September quarter (Q2FY26). The company's net profit during the quarter stood at ₹2,694 crore, up 3.8% year-on-year. HUL, India's largest fast-moving consumer goods company, had flagged in late September that it expected disruptions in sales in the quarter over lower goods and services tax rates. While the rate cuts benefitted 40% of HUL's p ...Read More >
New Delhi: Finance Minister Nirmala Sitharaman on Wednesday highlighted the surge in Diwali sales this year which touched a record Rs6.05 lakh crore, driven by GST rate cuts and strong demand for 'swadeshi' products. The Finance Minister cited the statement of the Confederation of All India Traders (CAIT) which estimated this year's Diwali sales comprising Rs5.4 lakh crore in goods and Rs65,000 crore in services. This marks a 25 per cent jump over the 2024 festive sales of Rs4.25 lakh crore fro ...Read More >
New Delhi: Demand at India's top carmakers saw a sharp spike after cuts in goods and services tax (GST) rates late in September coincided with the Navratri to Diwali festive season sales when companies recorded double-digit growth. The good news for the industry now is that there are early signs that the momentum will likely remain strong in the months and quarters ahead, top carmakers and industry veterans said. Tata Motors Passenger Vehicles Ltd expects 7-8% growth in the industry's sales be ...Read More >
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