Prime Minister Narendra Modi with US President Donald Trump (File photo) NEW DELHI/ WASHINGTON: After months of bruising trade tensions, India and the US on Monday announced a bilateral trade deal that will see Washington slash additional tariffs on Indian imports to 18%, from the current 50%, making it more competitive for textiles, leather and…
India-US trade deal (AI image) India-US trade deal: Even as US President Donald Trump has announced an immediate reduction in tariff rate on India to 18%, think tank Global Trade Research Initiative (GTRI) has struck a cautious note on what the deal could mean for India.In a note post post Trump and PM Narendra Modi’s…
Commerce Secretary Rajesh Agrawal (Photo-PTI) The Budget FY27 proposal to allow Special Economic Zone (SEZ) units to sell goods in the domestic market at concessional duty rates is expected to boost import substitution and generate employment, Commerce Secretary Rajesh Agrawal said, adding that detailed operational guidelines will be rolled out in the next two to…
The Budget has rolled out a sweeping reset of India’s transfer pricing framework, aiming to cut litigation, improve tax certainty and make the country a more attractive base for multinational companies (MNCs) and global capability centres.Presenting the proposals, finance minister Nirmala Sitharaman announced far-reaching reforms to safe harbour rules and Advance Pricing Agreements (APAs), with…
Gold price today: Gold continued to trade in red on Monday, extending losses on the Multi Commodity Exchange (MCX), triggering lower circuit limits as investors rushed to book profits. Gold prices slumped by 6%, shedding nearly Rs 9,700 per 10 grams on MCX. The decline marked the third consecutive day of losses for gold futures,…
Inactive public sector enterprises (PSEs) should be considered for immediate closure to reduce fiscal strain on central and state governments, the 16th Finance Commission has recommended in its report while calling for deep reforms in the sector.The panel also said that land and buildings owned by inactive PSEs are valuable and could be deployed to…
Gold price prediction: Technically, the trend still remains positive, however RMS selling and profit booking has changed the behaviour and structure of the chart. (AI image) Gold price prediction today: Gold prices will continue to be volatile and range bound in the near future, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial…
NEW DELHI: Amid trade tensions, Union finance minister Nirmala Sitharaman on Sunday sought to address a long pending demand of the commerce department by allowing the sale of goods by eligible manufacturers in special economic zones (SEZs) to domestic tariff area on payment of duty at concessional rates.Sitharaman said that only a prescribed share of…
Indians are increasingly investing in real estate overseas. Even salaried individuals are doing so driven by factors like children studying abroad and investment diversification. For resident individuals, such purchases are governed by RBI’s Liberalised Remittance Scheme (LRS), which allows outward remittances of up to $250,000 per person in a financial year. Families often pool individual…
Amid controversy over the Father of the Nation’s name being dropped from the National Rural Employment Guarantee Scheme, the FM on Sunday announced the launch of Mahatma Gandhi Gram Swaraj scheme to strengthen khadi, handloom and handicrafts.“This will help in global market linkage and branding. It will streamline and support training, skilling, quality of process…
