The Confederation of Indian Industry (CII) has hailed the forthcoming reforms to the Goods and Services Tax (GST) announced by Prime Minister Narendra Modi during his Independence Day address from the Red Fort.Chandrajit Banerjee, director general of CII, said in a statement, “On behalf of Indian industry, CII warmly welcomes the Hon’ble Prime Minister’s visionary…
“It is highly regrettable that the US has chosen to impose additional tariffs on India for actions that many other countries are also undertaking,” India has said. (AI image) US President Donald Trump believes that his 25% additional tariffs on India for its Russian crude trade made Russia lose a major oil client. Ahead of…
Trump and Putin met in Alaska US President Donald Trump said he may consider imposing tariffs on countries purchasing Russian oil “in two or three weeks,” though not immediately, following his meeting with Russian President Vladimir Putin in Alaska.“Well, because of what happened today, I think I don’t have to think about that,” Trump told…
The Income Tax Department has released the Excel utility for Income Tax Return (ITR) Form 6 for the assessment year 2025-26, enabling eligible companies to file their returns for the financial year 2024-25.“Kind Attention Taxpayers! Excel Utility of ITR-6 for AY 2025-26 is now live and available for filing.” tax department posted on X. ITR-6…
US President Donald Trump is loading another tariff bullet, this time aimed at semiconductor chips and steel.The move, expected to be announced in the coming weaks, could shake the already rattled global trade.“I’ll be setting tariffs next week and the week after on steel and on, I would say, chips,” Trump told reporters aboard Air…
When Oakland resident Terrence Dwyer got a flyer advertising a solar system small enough to fit on his deck — and that plugs into a regular wall socket — he didn’t hesitate. “Absolutely, let’s do this right away,” he said.Such “plug-in” or “balcony” solar kits, long popular in Europe for their affordability and easy installation,…
US stocks hovered near record highs on Friday as Wall Street moved towards closing another winning week, buoyed by hopes that the Federal Reserve will cut interest rates in September.The S&P 500 was virtually unchanged in early trade, a day after notching a fresh all-time high, and was on track for its fourth winning week…
Shoppers in the US kept up a healthy pace of spending in July, particularly at auto dealerships, even as President Donald Trump’s tariffs began taking a toll on jobs and pushed some prices higher.Retail sales rose 0.5% last month, slowing from a revised 0.9% in June, according to the Commerce Department’s report released Friday. The…
India and Singapore held the fourth meeting of their Joint Working Group on Trade & Investment (JWGTI) at Vanijya Bhawan in New Delhi on Thursday, focusing on ways to deepen economic cooperation and identify fresh areas of collaboration. The meeting came a day after the third India-Singapore Ministerial Roundtable, marking a week of intensive bilateral…
Presently, the GST system has four tax tiers of 5, 12, 18, and 28 percent. (AI image) New GST tax rates soon! Come this Diwali, you will have to pay much lower indirect taxes on several items of daily use, thanks to next-generation Goods and Services Tax (GST) reforms set to be unveiled by the…
