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Kurnool: Prime Minister Narendra Modi on Thursday was categorical in saying that the 21st century belongs to 140 crore Indians and that the country will become 'Viksit Bharat' (Developed India) by 2047 even as he attacked the Congress saying the grand old party neglected the power sector. Speaking at 'Super GST - Super Savings' public meeting here, the Prime Minister hailed the 'Make in India' initiative and said, "We saw the might" of home-made equipment in Operation Sindoor, the military offe ...Read More >
NEW DELHI, Oct 15 (Reuters) - Apple is lobbying India's government to modify its income tax law to ensure the company is not taxed for ownership of high-end iPhone machinery it provides to its contract manufacturers, an issue seen as a hurdle to its future expansion, sources say. The push coincides with Apple's growing India presence as it diversifies beyond China. Counterpoint Research says iPhone's share in the Indian market has doubled to 8% since 2022. And while China still accounts for 75% ...Read More >
Patna: A day after Bihar Deputy Chief Minister Vijay Kumar Sinha filed his nomination papers from the Lakhisarai Assembly constituency, his election affidavit has drawn public attention, particularly to the significant difference in assets between him and his wife, Sushila Devi. According to the affidavit submitted to the Election Commission, Vijay Sinha declared movable assets worth Rs 1.01 crore, including Rs 55,000 in cash, Rs 29 lakh in bank deposits, and stock investments exceeding Rs 45 l ...Read More >
Bengaluru, Oct 16 (PTI) Karnataka Deputy Chief Minister D K Shivakumar has said that he preferred to go to jail by refusing to destabilise the Congress-JD(S) coalition government and declining to take up the Deputy CM post offered by the central BJP, during the 2019 political instability in the state. He said this on Wednesday while speaking at the launch of a book on him -- "A Symbol of Loyalty D K Shivakumar "-- written by K M Raghu. BJP leader and Leader of Opposition in the Assembly R Asho ...Read More >
In a letter dated October 13 addressed to the Chief Minister, the residents of the Varthur-Balagere-Panathur area, under the banner of the "Individual Tax Payers Forum", which represents income tax payers and advocates for their rights, alleged that they have been suffering due to "half-measured, unscientific, and poorly coordinated" road white-topping and stormwater drainage works carried out by municipal authorities in their areas. It said flooding continues to occur repeatedly in the localit ...Read More >
New Delhi [India], October 15 (ANI): The much-anticipated festive season may not deliver the usual consumption boost this year, with Ambit Capital warning that weak labour markets, slowing credit, and mounting tariffs could weigh on consumer sentiment despite recent tax cuts.In its latest economic insights report, Ambit Capital said that while GST and income tax reductions are expected to cost the exchequer nearly Rs 2 lakh crore, the impact on demand is likely to be modest. It says tax cuts may ...Read More >
New Delhi: The government's Next Gen GST reforms are beginning to show a strong impact on the economy as the ongoing festive season has witnessed record-breaking sales, especially in the automobile sector, experts said on Sunday. Income tax expert Vinod Rawal said that the benefits of the new GST system are clearly visible on the ground. "You see, the festive season has already begun. In the very first days of Navratri, when 45 per cent of sales are usually made, this time the record of the la ...Read More >
New Delhi: Federal policy think tank NITI Aayog on Friday proposed a presumptive taxation scheme for offshore companies deriving profits from India as part of efforts to enhance the country's appeal to investors with tax certainty and ease of doing business. NITI Aayog said such an optional, industry-specific scheme, along with broader legislative clarity, administrative efficiency, strong dispute resolution schemes and adoption of global best practices, will dramatically cut litigation. That w ...Read More >
New Delhi: In an effort to curtail litigation, provide greater certainty, and facilitate compliance for multinational firms in India, the government think tank NITI Aayog has suggested an optional presumptive tax regime for foreign companies. The suggestion was contained in the first paper of its recently released Tax Policy Working Paper Series, which was presented on Friday by B.V.R. Subrahmanyam, CEO of NITI Aayog. If adopted, the suggestion could represent a significant change in India's t ...Read More >
New Delhi [India], October 2 (ANI): The Indian banking sector is set to witness earnings recovery in the second half of FY26, after a muted September quarter performance marked by margin pressure, moderate credit growth and a decline in profitability across private and public lenders, according to a research report by Motilal Oswal Institutional Equities. The report highlighted that systemic credit growth, at 10.3 per cent (YoY) as of September reflected demand softness in both retail and corpo ...Read More >
New Delhi [India], October 2 (ANI): The Indian banking sector is set to witness earnings recovery in the second half of FY26, after a muted September quarter performance marked by margin pressure, moderate credit growth and a decline in profitability across private and public lenders, according to a research report by Motilal Oswal Institutional Equities. The report highlighted that systemic credit growth, at 10.3 per cent (YoY) as of September reflected demand softness in both retail and corpo ...Read More >
New Delhi [India], October 1 (ANI): Bharatiya Janata Party MP Baijayant Panda has been appointed as the Chairperson of the Select Committee of Lok Sabha on the Insolvency and Bankruptcy Code (Amendment) Bill, 2025. Apart from Panda, 23 other MPs from various political parties have been appointed to the committee. Also Read | Rahul Gandhi Retained in Parliamentary Defence Committee, Kamal Haasan Makes Debut. The committee includes BJP MPs D Purandeswari, CN Manjunath, Mitesh Patel Bakabhai, An ...Read More >
Prime Minister Narendra Modi expressed his grief at the death of Malhotra and lauded his contribution to public life Veteran Bharatiya Janata Party (BJP) leader Vijay Kumar Malhotra passed away at AIIMS New Delhi on Tuesday morning. He was 93. Malhotra, a five-time MP and two-time MLA from Delhi, was among the most prominent faces of the party in the capital. He was also the president of BJP's Delhi unit. PM Modi's tribute Prime Minister Narendra Modi expressed his grief at the death of Malh ...Read More >
Corporate India shows strong credit quality. Domestic consumption and government spending provide support. US tariffs present a challenge for export sectors. Gems, textiles, and marine industries face potential impact. Rating agencies report stable credit ratios overall. Banking sector exposure to these risks is low. Credit growth projections remain healthy. Corporate India's credit quality remains strong, supported by favourable domestic consumption, strong balance sheets and steady government ...Read More >
Mumbai, Sep 30 (PTI) Corporate India's credit moderated marginally in the April-September period, and the impact of the tariffs slapped by the US is a monitorable factor going ahead, rating agencies said on Tuesday. Crisil said the credit ratio, or the number of upgrades to downgrades, moderated to 2.17 in the first half of the fiscal, which is down from 2.75 in the same period last year and 2.64 in the October 2024-March 2025 period. The agency, which rates 7,300 companies, said there were 49 ...Read More >
The Asian Development Bank (ADB) on Tuesday lowered its growth forecast for the current financial year by 20 basis points (bps) to 6.5 per cent, citing steep tariff hikes by the US that are expected to come into effect in the second half of FY26, thus affecting exports and manufacturing growth. "India faces the steepest tariff hikes among developing Asian economies, prompting a downgrade in its growth outlook. For FY2025 [ending on 31 March of the next year], growth is now projected at 6.5 per ...Read More >
Nagpur: Amid rising prices of precious metals, the rates of gold and silver are higher without taxes compared to the official channel, which includes 3% GST. This indicates that too much black money is chasing a comparatively smaller amount of gold or silver available in the parallel economy. Though not unprecedented, it's a rare phenomenon in the market, said sources.On Monday, a tola (10 grams) of gold with GST stood at Rs1,19,700 to Rs1,18,970, but without a bill the rates were nearly Rs1,20, ...Read More >
New Delhi [India], September 30 (ANI): Prime Minister Narendra Modi on Monday urged people to make India self-reliant and embrace Swadeshi and said less is India's dependence on foreign products, better it will be for the country. PM Modi, who inaugurated Delhi BJP's newly-built office here, said the relationship between Delhi and the BJP isn't just about a city and a party but of service and culture. Also Read | Zubeen Garg Ambulance Video Moments Before His Mysterious Death Shows Singer Bein ...Read More >
NEW DELHI: Prime Minister Narendra Modi on Monday said that the BJP-NDA governments have established a "new model of good governance" in the country and exhorted party workers to ensure the benefits of the next-generation GST reforms reach every citizen. He said that a family will now save nearly Rs 20,000 on its annual household expenditure of Rs 1 lakh compared to the UPA period. Speaking at the inauguration of Delhi BJP headquarters, the Prime Minister emphasised that the party is in governm ...Read More >
New Delhi [India], September 30 (ANI): Prime Minister Narendra Modi on Monday urged people to make India self-reliant and embrace Swadeshi and said less is India's dependence on foreign products, better it will be for the country. PM Modi, who inaugurated Delhi BJP's newly-built office here, said the relationship between Delhi and the BJP isn't just about a city and a party but of service and culture. "Today, during these sacred days of Navratri, Delhi BJP has received its new office... My hea ...Read More >
New Delhi: Global rating agency Crisil on Monday projected India's gross domestic product (GDP) to grow 6.5 per cent this fiscal, amid rising private consumption and tax reforms. Rising private consumption should support industrial production. "So far, a copious monsoon, robust kharif sowing and benign inflation have supported the rural economy. The impact of excess rains on agriculture output will be monitorable. The urban economy will get a leg-up from lower lending rates, income tax relief ...Read More >
PATNA: Days after a Bharatiya Janata Party (BJP) leader sought details about the funding of the Jan Suraaj Party, its founder and political strategist, Prashant Kishor, on Monday disclosed his income sources, stating that he earned Rs 241 crore as consultancy fees over the past three years. "Jan Suraaj Party's funding is transparent and clean. I worked as a consultant and charged fees for my work. I earned Rs 241 crore in three years, paid Rs 31 crore as GST and Rs 20 crore as Income Tax, and d ...Read More >
New Delhi: Dismissing the Opposition's criticism of his government's GST measures as lies of "bayan bahadur", Prime Minister Narendra Modi said on Monday that the BJP-NDA ushered in a "new model of good governance" and a family will now save nearly Rs 20,000 on its annual household expenditure of Rs 1 lakh compared to the UPA period. Speaking at the inauguration of Delhi BJP headquarters here, Modi asked party workers to ensure that the benefits of next-generation GST reforms reach people, espe ...Read More >
New Delhi, Sep 29 (PTI) Dismissing the Opposition's criticism of his government's GST measures as lies of "bayan bahadur", Prime Minister Narendra Modi said on Monday that the BJP-NDA ushered in a "new model of good governance" and a family will now save nearly Rs 20,000 on its annual household expenditure of Rs 1 lakh compared to the UPA period. Speaking at the inauguration of Delhi BJP headquarters here, Modi asked party workers to ensure that the benefits of next-generation GST reforms reach ...Read More >
New Delhi [India], September 29 (ANI): Prime Minister Narendra Modi on Monday lashed out at Congress and its leader over their criticism against the income tax slab changes and GST revamp, accusing them of making "false statements". While addressing a gathering at the inaugural event of the Delhi BJP office, PM Modi compared the income tax collected during the Congress tenure and now, saying that a family spending Rs 1 lakh per year had to pay Rs 25,000 in taxes. Incomes above Rs 2 lakh were ta ...Read More >
MUMBAI: The third major global rating agency Moody's Ratings has reaffirmed its Baa3 (BBB-) sovereign rating on the country and retained the outlook at stable, one month after rival Fitch also maintained the rating at the lowest investment-grade level. On the other hand, the largest agency S&P had on August 14 upgraded the country to BBB from BBB- for the first time in 18 years. "The rating affirmation of BBB- rating and stable outlook reflect our view that India's prevailing credit strengths i ...Read More >
New Delhi, Sep 29 (PTI) Prime Minister Narendra Modi on Monday said that the BJP-NDA governments have given a "new model of good governance" in the country and urged party workers to ensure that the benefits of the next generation GST reforms reach the common citizens. The BJP is in government not for "satta" (power) but 'seva' (service), and its offices keep alive this sentiment, Modi said after inaugurating the Delhi BJP office. "The BJP-NDA governments have given a new model of 'sushasan' i ...Read More >
New Delhi, Sep 29 (SocialNews.XYZ) The GST rationalisation is expected to boost consumption demand during the festive season, which is likely to augur well for manufacturing output in September-October 2025, once the older inventories are off the shelves, economists said on Monday. The IIP growth was recorded at 4 per cent in August 2025. Mining output witnessed a year-on-year expansion after a gap of four months, and growth in electricity generation inched up to a 5-month high in the month. " ...Read More >
MUMBAI (Reuters) -The Reserve Bank of India is widely expected to hold its key policy rate at 5.50% on Wednesday, though some economists say a surprise cut cannot be ruled out as it weighs the impact of U.S. trade tariffs and subdued inflation. A Reuters poll showed nearly three-quarters of economists expected a pause, but major banks including Citi, Barclays, Capital Economics and SBI have flagged the possibility of a cut citing downside risks to growth and a benign inflation outlook. The RBI ...Read More >
Dehradun (Uttarakhand) [India], September 28 (ANI): Uttarakhand Chief Minister Pushkar Singh Dhami interacted with shopkeepers and the traders in Garhi Cantt Market, Dehradun, on Sunday, as part of a public awareness campaign to promote the adoption of indigenous products and spread information about the new GST rates. During the visit, the Chief Minister sought suggestions and feedback from the public regarding the new GST slabs and encouraged them to inform others about the reduced GST rates. ...Read More >
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