29 C 
Starting October 1, 2026, SNAP benefits and income limits are poised for a substantial increase. Eligible households can expect a notable rise in monthly allotments, while the USDA updates income thresholds essential for SNAP eligibility. Furthermore, many households will see adjustments to their standard deductions for specific expenses, all of which will significantly impact benefit calculations for program participants.
Bengaluru Cantonment station redevelopment to be ready by December: Somanna
Bengaluru Cantonment railway station will open by December 2026 after a Rs 485 crore redevelopment. Yesvantpur station upgrades will finish by November, and KSR Bengaluru station master plan is underway. Track capacity around Bengaluru is expanding to manage rising passenger and freight traffic. A mega coaching terminal at Yelahanka is planned for future rail needs. The Railways is also eliminating level crossings and quadrupling the Bengaluru-Tumakuru line.
Experts back India's stand on Indus Waters Treaty at UNHRC sidelines conference
Experts at a UNHRC conference backed India's Indus Waters Treaty stance. They argued for examining the treaty in the context of security and human rights. Pakistan's conduct affected the treaty's spirit, according to one speaker. Domestic factors contribute to Pakistan's water challenges, it was noted. The conference highlighted community water rights beyond bilateral agreements.
In 1901, divers searching a Greek shipwreck found something no one expected: a small, corroded machine packed with gears. It was the Antikythera Mechanism, built more than 2,000 years ago. At first, it looked like an ordinary relic. Then scientists began studying its intricate parts. More than a century later, the device is still changing what we know about ancient Greek astronomy, mathematics and mechanical knowledge.
NASA conducted experiments to study fire behavior in microgravity. Uncrewed Cygnus spacecraft were used after departing the International Space Station. Combustible materials were ignited inside these spacecraft for research purposes. These investigations collected data on flame growth and spread in space.
Sa Re Ga Ma Pa returns September 19 with 360-degree stage and 100 musicians on Zee TV
Zee TV will launch a new Sa Re Ga Ma Pa season on September 19. The show features a 360-degree stage and over one hundred musicians. This season celebrates India's diverse musical traditions and talent. Shreyas Talpade hosts while Shankar Mahadevan and others serve as gurus. The program aims to be a grand concert celebrating Indian music.
India proposes 8 guardrails in softening of stance on plurilateral pacts at WTO
India has proposed eight safeguards for plurilateral agreements at the WTO. These safeguards aim to preserve consensus-based decision making and the multilateral charter. Non-participants' rights and agency must also be protected by these measures. India previously opposed plurilateral trade agreements, advocating for exceptions rather than norms. The proposed safeguards seek to build confidence in the WTO as an inclusive institution.
GI-taggedMushkbudjirice gains ground in Kashmir
Mushkbudjicurrently sells for around 20,000-25,000 a quintal, adding to its appeal as a premium agricultural product
Indias basmati acreage dips, production poised to fall
Dip in area, firm global prices brighten prospects for the aromatic rice
UPI MDR rules are set to apply from 15 October 2026, with different charges based on transaction value, merchant category, and payment type. Heres a look at how the framework works and what merchants and consumers need to know.
Auto PLI investments have crossed Rs 45,000 crore: H D Kumaraswamy
Investments under the automobile production linked incentive scheme have surpassed Rs 45,000 crore. The government's policy support aids domestic manufacturing and charging infrastructure development. Original equipment manufacturers are producing electric vehicles under this significant program. India can develop cost-effective solutions for emerging global markets. Electric buses and trucks offer cheaper running costs and reduce oil dependence.
RBI absorbs 50,000 cr via bond sale as it moves to drain liquidity
The central bank sold Rs 50,000 crore of government securities in the first of three OMO tranches planned for September to absorb surplus liquidity from the banking system.
Rising margins, volumes, new markets drive India's petroleum exports higher
India's petroleum exports rose 46 per cent year-on-year as better terms of trade, recovering volumes and shipments to newer markets boosted overall merchandise export growth
Supreme Court PIL Challenges 0.4% MDR On UPI Transactions Above 2,000 Before October 15 Rollout
The petitioner has alleged lack of transparency and safeguards, while seeking suspension of the framework or reconsideration after consultation and impact assessment.
OIL CMD Ranjit Rath outlines the company's growth priorities
OIL is eyeing higher domestic oil and gas production, accelerated exploration including deep and ultra-deepwater opportunities, strengthening of its integrated energy value chain and selective expansion in clean energy.
Delhi merchants up in arms, say MDR on UPI could mark return to cash
New UPI charges on high-value merchant payments are raising concerns among Delhi retailers, with some considering a shift towards cash to protect margins
Ram And Leela, starring Rio Raj and Vartika, is making its way to streaming after its theatrical run. The Tamil sci-fi romantic comedy follows a 30-year-old man who has faced 50 marriage rejections before meeting Leela, whose unusual rule about not seeing her after 6 PM turns his love story into a mystery. Heres what to know about the film, its cast, storyline and streaming release.
Indias mining, metals sector needs technology shift to strengthen supply chains: Report
India's mining and metals sector needs technology adoption for future competitiveness. Resource efficiency and supply chain resilience are crucial for growth. Companies must unlock higher value from existing operations and materials. Increased use of low-grade ores and scrap will support circularity. Meeting future demand requires sustained efforts and wider technology integration.
Under new rules effective from 15 October 2026, ordinary customers wont pay merchant processing fees on UPI transactions. There's no need to pay extra charges; 5 times payments remain free despite new government rules.
Indian premium rice varieties prices surge by 50% on fears of lower production
The area under premium varieties such as Ponni, Sona Masuri and BPT has decreased in the South due to deficit rainfall
How to ensure your kids grow up stable, humble and disciplined if they seemingly have access to everything? Michelle Obama, writer, lawyer and former First Lady of America, had the perfect answer to the age-old question: Dont let the kids believe they deserve everything! Michelle revealed how they didnt let the limelight and public glare interfere with daughters Malia and Sashas upbringing.
A Virginia family had owned a 560-acre property for seven generations when Mountain Valley Pipeline sought an easement through part of the land. The family rejected the companys $119,000 offer, leading to a legal battle over how much compensation they should receive. A jury eventually awarded $523,327, but the amount was later reduced before an appeals court restored the original verdict.
Delhi plans AI-based traffic audit of 420 km roads in South Delhi
The proposed study will examine traffic hotspots, road safety, public transport and last-mile connectivity to identify targeted infrastructure improvements.
Advent inks pact with Yatharth Hospital to invest Rs 3,150 crore for 24.9% stake
Promoters Ajay Kumar Tyagi and family and Kapil Kumar currently hold 55.8% stake in Yatharth; public shareholders own the remainder.
RBI cancels licences of 5 NBFCs, 8 others surrender registrations
The Reserve Bank of India cancelled five NBFC registration certificates on Thursday. Eight other NBFCs surrendered their registrations for various business reasons. Some companies ceased to be legal entities due to mergers and dissolutions. Anagram Industries and CDN Finance surrendered registrations after meeting specific criteria. These actions reflect regulatory adjustments within the financial sector.
India calls for secure, affordable and reliable energy for development
India urged global cooperation for secure and affordable energy at a US G20 meeting. Minister Manohar Lal stressed energy's importance for developing economies and future readiness. He highlighted India's commitment to a resilient energy system and secure mineral supply chains. Bilateral meetings discussed resilient infrastructure and power sector transformation with US and Canadian officials. Discussions also covered India's plans for its growing digital economy's energy needs.
Universal Pension Profit Rate Raised to 11.72 Percent
The profit rate for subscribers of Bangladeshs Universal Pension Scheme on investments during the 202526 fiscal year has been raised to 11.72 percent from 11.68 percent. The decision was approved at the 4th meeting of the Board of Directors of the National Pension Authority (NPA), chaired by Finance and Planning Minister Amir Khosru Mahmud Chowdhury. The meeting also discussed expanding benefits for subscribers and improving the investment and management of the pension scheme. The board decided to allow pension payments to a nominee of a deceased pensioner until the age of 80, instead of 75, subject to applicable rules. It also discussed preparations for introducing an Islamic version of the Universal Pension Scheme, including Shariah-based versions of the Probash, Pragati, Surakkha and Samata schemes. A proposal was also discussed to allow subscribers who have contributed for at least five years to withdraw money under certain special circumstances, such as physical or financial incapacity. To boost registration, a proposal was discussed to increase the commission for Union Digital Centers from Tk 15 to Tk 25. Commissions for banks, the postal department, mobile financial services and other authorized institutions were also discussed. The National Pension Authority said it is working to expand [] The post Universal Pension Profit Rate Raised to 11.72 Percent appeared first on Energy Bangla .
The WTO is far from obsolete: Rob Staiger, WTO Chief Economist
The WTO is far from obsolete: Rob Staiger, WTO Chief Economist
The West Bengal government has started distributing the September tranche of 3,000 under the Annapurna Yojana to 1.58 crore beneficiaries, marking an increase of nearly 10 lakh since August.
India launches 16th round of commercial coal mine auctions, offering 25 blocks for investment
The Ministry of Coal launched its sixteenth commercial coal mine auction round. Twenty-five blocks across several states are now available for investor participation. Six previously auctioned mines have awarded development and production agreements to winning bidders. These mines are projected to generate significant revenue and employment opportunities. India's coal output has seen a notable increase in recent fiscal years.
Ladakhs cold desert blooms with worlds highest-altitude flower fields
The administration has linked the flower field project to efforts aimed at empowering farmers and create new economic opportunities
Oil India to invest Rs 15,000 crore over three years in deepwater exploration, eyes eight wells
Oil India plans to invest approximately fifteen thousand crore rupees in deepwater exploration over three years. The company intends to drill eight wells, contingent on seismic data interpretation for identifying prospects. The government is actively promoting deepwater exploration and offering financial support for drilling costs. Oil India will partner with foreign firms for upcoming exploration licensing rounds. Current global market conditions encourage companies to invest in exploration activities.
GST on MDR may reach GST Council
GST on MDR charged by the bank from the merchant will be available as ITC to the merchant, says CBIC
PMAY-U 2.0 aims to support 1 crore additional urban families by 2029, offering assistance for building, buying, or renting a home and an interest subsidy on eligible loans. Heres what urban households should know about eligibility, assistance, and applying.
Govt allays fear of increase in cash transactions, reduction in UPI payments post MDR levy
The introduction of MDR is a step in protecting Indias sovereignty in electronic payment ecosystem, says FinMin
NDude Labs invests in nutraceutical ingredients firm Nutriventia
The investment will help Nutriventia strengthen its research and development pipeline, expand its global commercial presence and scale its proprietary ingredient technology platform, the company said in a statement.
Centre-state meet to discuss GST 2.0 impact, Viksit Bharat roadmap
The two-day conference will discuss GST 2.0, the macroeconomic outlook and financing for agricultural transformation, energy transition and Viksit Bharat
6 Business frameworks every entrepreneur should know before scaling
Scaling a business brings more customers, costs, people, and decisions. Simple business frameworks can help entrepreneurs assess opportunities, understand unit economics, manage growth, and use technology without losing control of the business.
Auto exports rise 22% in August led by two-wheelers
PV exports declined by 17% due to geopolitical disruptions
US midterm elections 2026: How they could impact taxes, Social Security and retirement
The 2026 US midterm elections will influence legislative actions for the next two years. However, immediate financial impacts on taxes, Social Security, and retirement may be limited, with a greater focus on 2028 for potential changes.
A 10% pay cut is coming unless we act: Rob Staiger, Chief Economist, WTO
India secures duty-free quota access for 2.8 mt of steel exports to EU
India-EU FTA benefits for the steel sector are front loaded and being implemented ahead of the pact, say officials
BL Agro to invest 1,500 crore in cattle genetics, reproductive technology
BL Agro plans to develop an integrated cattle genetics and reproductive-technology ecosystem aimed at improving breed quality and productivity in Indias dairy sector
Sanjay Nayar buys Rs 90 crore luxury apartment in South Mumbais Carmichael Road
The transaction involves a 4,537.29 sq ft apartment on the first floor of Kamal Mahal, Anand Kamal Co-operative Housing Society Ltd, located on M L Dahanukar Marg, also known as Carmichael Road. The deal works out to around Rs 1.98 lakh per sq ft based on the carpet area.
Greenbase to expand in Chennai with 2,000 crore investment in industrial parks
Hiranandani Groups Greenbase is developing a 55-acre park at Arani, near Red Hills, with about 1.2 million sq ft of space, with an anchor client identified in the renewable energy space
RBI may increase debt sales to drain surplus liquidity after 9 years
Indian bond traders expect the central bank to step up bond sales for liquidity absorption, as policymakers likely seek to strengthen transmission of expected rate hikes
Hiranandanis Greenbase to invest Rs 2,000 cr to develop 5 million sq ft in Tamil Nadu
Greenbase plans a significant Rs 2,000 crore investment in Tamil Nadu. This expansion will develop five million square feet across two key locations. The company is acquiring additional land for further growth and development. This initiative supports India's manufacturing and logistics sector expansion. Future developments will focus on sustainability and advanced infrastructure.
As U.S. readies 100% tariffs, Russia provided more than half of Indias oil imports in July
The U.S. House of Representatives passed a Bill on September 16 that seeks to impose tariffs of up to 100% on the top-5 countries absorbing the largest shares of Russias oil
Why your credit score can drop despite paying every EMI on time
Your credit score can fall even with perfect EMI payments. High credit utilisation, frequent loan inquiries, closed old cards, and reporting errors all matter. RBI's new fortnightly credit reporting rule (from January 2025) also means that changes will be reflected faster than before.
CropLife seeks 5-year data protection to widen farmers access to new pesticides
Argues that it would encourage companies to bring newer molecules to India and widen the range of pest-control options available to farmers
Indias festive food exports see demand surge ahead of Diwali: TPCI
India's food export sector anticipates robust demand for traditional and convenience items. International buyers show keen interest in procuring these popular Indian food products. Traditional sweets and savouries are in high demand, alongside ready-to-eat meals. Exports of cooked food items have already seen significant growth this year.
KGF star Yash, one of the biggest pan Indian stars today, didnt grow up rich or even affluent. His father was a driver for the Karnataka State Road Transport Corporation, as per reports. In an interview, the actor once opened up about his modest upbringing and shared some invaluable lessons his parents taught him when he was a kid that he follows to this day.
One bad day for the market and your whole portfolio tanks? Here's what you can do to spread the risk
Owning multiple stocks does not always mean a diversified portfolio. Indian equity, gold, debt, and US equity have historically shown different correlations. Here's what investors should know about how asset classes can behave differently and why it matters.
World Bank mobilises $112 billion in private capital for developing nations
The World Bank mobilised $112 billion in private capital for developing nations last year. This significant increase reflects a strategic shift due to donor funding limitations. Private capital mobilisation now nearly matches the World Bank Group's own lending efforts. The bank employs various methods to de-risk and incentivise private investment. These efforts aim to bridge development financing gaps and foster job creation.
Dolph Lundgren, who is now 68, continues to train regularly despite his past battle with cancer. The Rocky IV star, who was once told that he had only a few years to live, credits strength training with helping him through difficult cancer treatments. His latest chest and back workout features five exercises.
What is an approved project and why does it matter when buying a home?
Securing lender approval for real estate projects significantly simplifies the home loan process. Each project is meticulously evaluated through legal and technical checks before funding is provided. This pre-approval minimizes the need for borrower verification, allowing for expedited loan processing. Bajaj Housing Finance offers a variety of pre-approved projects and swift disbursal options, ensuring buyers access considerable funds and extended repayment periods for their purchases.
Getaway to the UAE: Chennai roadshow charts Indian exporters evolution into regional players
The Chennai edition of the Gateway to the UAE roadshow, hosted by Ajman Free Zone in partnership with The Economic Times and Times of India Digital, unpacked the metamorphosis of the Indian exporter, from selling into the UAE to using it as an operating and distribution base for the wider region.
Kanpur-Lucknow Expressway: Following the inauguration of the Kanpur-Lucknow Expressway, significant defects were reported, prompting the National Highways Authority of India (NHAI) to bar PNC Infratech from bidding for its projects for three years. Several sections of the expressway suffered premature failures, leading to the suspension of toll collection, while PNC Infratech is required to compensate NHAI for the lost toll revenue on a daily basis. The companys shares also fell sharply after the NHAI action was disclosed.
Quote of the day by William Shakespeare: The William Shakespeare quote underscores the duality of love, capturing the simultaneous existence of contrasting emotions. This timeless insight reminds us that relationships are often layered with complexities and emotional turbulence. By acknowledging these contradictions, we can cultivate patience and emotional growth, ultimately fostering deeper, more meaningful connections grounded in vulnerability.
Getaway to the UAE: Delhi roadshow charts Indias next leap into global markets
The Delhi edition of the Gateway to the UAE Delhi Roadshow, hosted by Ajman Free Zone in partnership with The Economic Times and Times of India Digital, brought together business, tax and trade experts to examine opportunities for Indian companies seeking to establish a regional presence in the UAE.
VB Group performs bhoomi poojan for upcoming commercial project in Vartak Nagar, Thane
VB Group has officially launched its latest commercial project in Vartak Nagar, Thane, signifying a strategic move into the commercial real estate sector. This venture promises Grade-A office spaces, with sizes varying between 700 and 15,000 square feet. VB Group is committed to offering top-tier commercial environments, aiming to establish a vibrant business hub. Additional VB Group projects in Thane are slated for completion by early 2027.
TVS revamps Apache, Ronin bikes with new tech, safety features
TVS Motor Company has updated its Apache and Ronin motorcycle lineups. The Apache series gains traction control and new display technologies. The Ronin lineup receives dual-channel ABS and updated features across trims. These enhancements aim to improve rider safety and convenience significantly.
BIS to modernise 21 laboratories across key cotton-producing States
The initiative will establish high-precision testing facilities across major cotton-producing regions, covering northern, central, southern and eastern zones
RBI sells 50000 cr govt securities in OMO to drain surplus liquidity
India's central bank sold 50000 crore ($5.2 billion) of bonds under its open market operations program as it stepped up efforts to drain surplus cash from the banking system
An Indian man living in Norway shared his expensive taxi fare, which cost over nine thousand rupees. This incident highlighted Norway's high cost of living and its unique wage structure. In Norway, various professions earn similar incomes, ensuring a dignified standard of living for all. This contrasts sharply with India, where income disparities between professions are significant. The expat questioned India's potential for a more equitable society.
BharatPe backs new UPI MDR framework, distances itself from former CEO Ashneer Grovers criticism
BharatPe supports the new UPI merchant transaction framework. The company clarified co-founder Ashneer Grover's views are his own. This new framework aims to improve digital payment economics sustainably. It will keep UPI free for consumers and protect small merchants. The changes will affect only a small percentage of person-to-merchant transactions.
Coal Ministry opens 16th round of commercial Coal mine bidding, offering 25 blocks across 8 states
The Ministry of Coal has launched its sixteenth auction round for commercial coal mines. Twenty-five coal blocks across eight states are now available for investor participation. This initiative aims to generate significant employment and attract new investments into the sector. Previously auctioned mines are projected to generate substantial revenue and capital investment.
The 1918 Inverted Jenny stamp was originally sold for just 24 cents, but a printing mistake left the Curtiss JN-4 airplane upside down. Only 100 such stamps reached the public, turning them into prized collectibles. More than a century later, one rare example sold for $2.006 million at a New York auction.
Bengaluru entrepreneur shares 5 books that changed how she thinks about work, life and relationships
Bengaluru entrepreneur Nirupa Shankar presents a curated list of 5 transformative books aimed at enhancing both personal and professional growth. These titles delve into the value of networking, the importance of mental resilience, and the strength found in overcoming adversity. Readers will discover powerful lessons on fostering meaningful connections while nurturing gratitude and self-acceptance throughout their lives.
Oil India explores route to bring back $300 million stuck in Russia
Oil India aims to repatriate a $300 million dividend from Russian oil assets. These funds are currently stranded in Moscow due to Western sanctions. The company is exploring solutions to transfer the money held in State Bank of India. Meanwhile, Oil India expands its domestic refining and transportation infrastructure. New projects include a refinery expansion and a long crude oil pipeline.
New Delhi [India], September 17: CBRE was the top-ranked firm for commercial real estate investment sales in India during the first half of 2026, according to MSCI Real Assets.
Most Indian parents want to admit their kids to the best school money can buy often that includes sending kids to a posh school by splurging their savings. An entrepreneur recently cautioned desi parents about the pitfalls of sending kids to posh schools it can affect their mental health in the long run.
HCLTech Pulse Unit Targets USD 400 Billion AI Opportunity
HCLTech has launched 'HCLTech Pulse', a new business unit designed to help enterprises with annual revenues between USD 500 million and USD 5 billion accelerate their adoption of artificial intelligence and modernise their technology infrastructure, targeting a USD 400 billion global market opportunity.
Tata Sons board reappoints Chandra as chairman for five years
The Tata Sons board has voted to reappoint N Chandrasekaran as chairman for a third five-year term, a decision influenced by the Reserve Bank of India's rejection of the company's application to surrender its NBFC registration, which revives the prospect of a stock market listing.
Govt denies foreign pressure behind UPI MDR, says charge will help Indian UPI apps
The Department of Financial Services took to X to say that the NPCIs actions had not rectified any of the concerns that the U.S. has raised in the past regarding Indias UPI system
Counterfeit agri inputs undermine farm productivity, food security efforts: Ram Nath Kovind
Kovind said improving agricultural productivity remains an important national priority as India's farm yields are still lower than global standards
A unique Pok Ball hotel has opened its doors in Hokkaido, celebrating Pokmons 30th anniversary. This exceptional lodging experience features a round bed and interactive lighting, creating an enchanting atmosphere for guests. A social media lottery will choose ten pairs of Japanese locals to enjoy an unforgettable two-day, one-night stay, complete with meals, making it a once-in-a-lifetime chance for Pokmon fans.
Veteran actor Anant Nag received the prestigious Dadasaheb Phalke Award for 2024. He dedicated this significant national honour to the people of Karnataka. Nag credited Prime Minister Narendra Modi for improving the award selection process. The actor expressed surprise at receiving this esteemed recognition after a long career. The award ceremony is scheduled for September 22, 2026, in Kevadia, Gujarat.
How UPI Rewired India's Money Story
Digital money is gradually starting to behave like software. It's no longer inert -- sitting passively in accounts. In the not-so-distant future, your money could become 'smart' and 'active,' understanding your preferences, paying your bills automatically, optimising your returns, and managing your risks -- all without you having to manage the details.
India's power-sector emissions flat for 2 years due to clean-energy surge: Analysis
Between early 2024 and mid-2026, India's power sector maintained consistent emissions levels while clean energy sources effectively managed the surge in electricity demands. The output from solar power dramatically increased, with added support from wind and nuclear energy. Conversely, emissions from the cement and steel industries rose significantly, spurred by investments in real estate.
Bandhan Small Cap Fund attracted 2,187 crore in August, the highest inflow among small-cap schemes, as it reshuffled several existing holdings and added four new stocks. Cyient, P N Gadgil Jewellers and Strides Pharma were among the stocks where holdings increased.
IEA chief says electrification remains the way forward despite AI investment jitters
According to the chief of the IEA, global electrification is hindered by issues related to grid capacity and affordability. The goal for 35% electrification in Asia by 2035 is jointly set by Seoul and the IEA. The Asian LNG market faces challenges due to supply disruptions from Qatar and demands from Europe, but new LNG projects are anticipated to stabilize the market soon.
EPFO WhatsApp channel join guide: How to follow it and what PF members get
EPFO has launched an official WhatsApp channel for sharing provident fund, pension and scheme-related updates. Heres how members can follow the channel and which services still require the EPFO portal or UMANG app.
Sweden's Oriflame wants India to be its biggest market and factory floor: CEO Campbell
Oriflame anticipates India becoming its largest market within four years. The company expects India to contribute 25 percent of global revenue by 2030. Oriflame plans to add ten lakh new brand partners to its existing network. The beauty major is also exploring India as a global manufacturing base. This expansion is driven by India's growing economy and women's workforce participation.
Health Ministry proposes CCTV surveillance at medical stores selling prescription drugs
In a bid to enhance regulation, the Union Health Ministry has put forth a proposal for mandatory CCTV installations at pharmacies across India. This amendment intends to fortify control over the sale of prescription drugs, ensuring that restricted categories are safeguarded effectively. The ministry emphasizes the need for public input to refine this initiative aimed at increasing transparency and accountability within the pharmaceutical industry.
Chinas growing number of people living alone is driving a $1 trillion singles economy, with businesses offering products and services tailored to solo consumers, from one-person meals and travel to pets, gaming and AI companions. The economy is likely to grow to $4 trillion by 2030. The trend is also reshaping spending habits, ageing concerns and Chinas wider consumer market.
India-US tariff saga under Trump: A look at key turning points
New U.S. tariffs and sanctions legislation create a new flashpoint for India-U.S. relations. Washington imposed tariffs on Indian goods, citing continued Russian oil purchases by New Delhi. The U.S. also proposed tariffs on countries reducing dependence on Russian energy sources. India warned that these actions could negatively impact bilateral trade and engagement. Both nations are working towards a limited trade deal and aim to double bilateral trade.
Modinomics at 76: Birthday cake, candles & numbers
Sitharaman: GST Council to take up process reforms, digital economy tax
Finance Minister Nirmala Sitharaman announced that the Goods and Services Tax (GST) Council's October 7 meeting will focus on 'GST 2.0' process reforms, including e-invoicing and input tax credit rules, while also addressing complex issues surrounding the taxation of the digital economy and cryptocurrency.
India secures 1.9 MT steel export quota to EU, expects total access to reach 2.8 MT
India secured a 1.9 million tonne annual steel export quota to the European Union. Exporters anticipate an additional 0.9 million tonne from residual quotas. This agreement protects the EU's steel industry against global overcapacity issues. Indian steel exports will face the EU's Carbon Border Adjustment Mechanism. The pact is expected to be implemented next year after signing.
