Finance Commission submits report to President Murmu (Photo credit- PTI ) The 16th Finance Commission on Monday submitted its report for the five-year period 2026-31 to President Droupadi Murmu, marking a key step in finalising the formula that will determine how central taxes are shared with states, PTI reported.The panel, chaired by Arvind Panagariya, had…
The government on Monday tightened import controls on select categories of platinum jewellery, imposing licensing requirements until April 30, 2026, in an effort to check misuse of free trade agreements (FTAs), particularly with ASEAN nations, PTI reported.The Directorate General of Foreign Trade (DGFT), in a fresh notification, revised the import policy for these platinum jewellery…
India is set to benefit modestly from the United States’ decision to withdraw reciprocal tariffs on a set of agricultural products, including tea, coffee and spices, the commerce ministry said on Monday, PTI reported. The tariff exemptions, announced through a White House Executive Order on November 12, took effect the next day.The move rolls back…
The commerce ministry has begun preparing detailed guidelines for the Rs 25,060-crore Export Promotion Mission (EPM) and will start releasing them before the end of November, Commerce Secretary Rajesh Agrawal said on Monday.The government approved the six-year mission on November 12 for implementation from 2025-26, aiming to help exporters navigate global tariff shocks, including the…
US President Donald Trump imposed 50% tariffs on India in August, 25% of which is a penalty for India’s crude oil imports from Russia. (AI image) India’s exports to the US have grown in October over September, despite the 50% tariffs imposed by American President Donald Trump on Indian goods. However, the exports to the…
India’s gold imports surged nearly threefold to a record $14.72 billion in October, propelled by strong festive and wedding-season demand, government data showed on Monday. Imports stood at $4.92 billion in the same month last year, PTI reported.Cumulatively, gold inflows rose 21.44 per cent to $41.23 billion in April–October, up from $34 billion a year…
Dubai’s biennial Air Show opened on Monday with a headline announcement from hometown carrier Emirates, which placed a $38-billion order for 65 Boeing 777-9 aircraft, reinforcing its push to expand long-haul capacity amid record earnings and rising traffic through the city’s East-West hub, AP reported.The new order takes Emirates’ total commitment for the upcoming 777-9…
India’s merchandise exports fell 11.8% to $34.38 billion in October, even as inbound shipments registered strong growth, pushing the trade deficit to $41.68 billion, government data released on Monday showed.Imports jumped 16.63% to $76.06 billion, driven largely by a sharp rise in precious metal inflows, PTI reported. Gold imports surged to $14.72 billion, nearly tripling…
Gold and silver prices retreated on Monday as traders pared positions following hawkish remarks from US Federal Reserve officials, which weakened hopes of a rate cut in the upcoming policy meeting. The shift in sentiment pulled bullion prices lower after last week’s strong rally.On the Multi Commodity Exchange (MCX), gold futures for December delivery slipped…
The biggest advantage of annuities is their longevity protection. (AI image) For most retirees, the most important financial goal is to ensure they don’t run out of money in their sunset years. The transition from earning a salary to depending on one’s savings can be unsettling. After decades of saving and investing, one wants stability,…
