If reports are to be believed, 99% of goods under the 12% slab would be brought under 5% category and 95% of products and services under 28% would be merged with 18% slab. The government is also mulling the idea of introducing a 40% slab for sin products.

Contrary to President Donald Trump's jibe on India as 'dead economy', US-based S&P Global Ratings has called it a 'buoyant economy' and upgraded its long-term sovereign credit rating. Details here.

In a veiled response to US President Donald Trump over his 'dead economy' claims against India, Prime Minister Narendra Modi on Sunday, i.e., August 10, said that the nation is rapidly progressing toward becoming one of the world's top three economies.

After US President Donald Trump announced new tariff rates, the revenue from taxes collected on imported goods has grown dramatically so far, even before the new tariffs are implemented. On the other hand, tariffs have begun bleeding the consumers who have to pay for the goods they buy.

PM Modi's remarks came just days after US President Donald Trump described India as a 'dead economy' while commenting on the country's ties with Russia.

The Ministry of External Affairs (MEA) on Friday, i.e., August 1, turned down speculations of any rift in India-Russia ties following sharp comments from US President Donald Trump over the bilateral ties between the two nations. Our bilateral relationships with various countries stand on their own merit and should not be seen from the prism of a third country. India and Russia have a steady and time-tested partnership, MEA spokesperson Randhir Jaiswal said while addressing a press briefing.

The comments come a day after Trump announced a 25 per cent tariff plus a penalty on India for trading with Russia.

Rahul Gandhi further questioned PM Modi over several of Trump's statements, such as his claims of mediating a ceasefire between India and Pakistan, loss of Indian jets, and the recent announcement of 25 percent tariffs.

The India-UK FTA is a major step in boosting India's export potential across key sectors, helping MSMEs and large exporters alike gain better market access, improve competitiveness, and drive growth.

India's Brown Revolution 2.0 aims to leverage cow dung as an economic and environmental asset, potentially boosting rural income, energy security, and organic farming.

Amid the Russian debt crisis, Russia's largest car manufacturer, Avtovaz, will reportedly reduce its workweek starting September. The company has considered reducing its workweek from five days to four days. Avtovaz is the biggest car maker in Russia. Its economy is declining amid war with Ukraine.

Though the UK-India Free Trade Agreement is supposed to eliminate tariffs on 99% of Indian exports to the UK and reduce tariffs on 90% of British products, there are many grey areas left. It aims to double the bilateral trade from the current $60 billion by 2030, but doubts have been raised.

The cricket gaming economy, valued at $76.5 billion in 2023, is projected to reach $151.2 billion by 2032 (7.6% CAGR), driven by mobile adoption and tech. Reputable Cricket ID Providers, like Swamiji Online, are crucial for secure and immersive user experiences.

Princess Kako of Japan became more active in public life after her sister Princess Mako moved to New York.

He also pointed to the government's aggressive free trade agreements (FTAs) with developed economies such as the UK, Australia, and the EU, which he said are designed to benefit Indian exporters and MSMEs.

The Indus River is the main lifeline of Punjab, Sindh and the adjoining areas, which are highly fertile and are considered the food bowl of the country. No more. Pakistan will have to pay heavy prices for the Pahalgam attack as India puts the Indus Waters Treaty in abeyance.

The ongoing Israel Iran war has unleashed not only a massive aerial assault with missiles and drones causing heavy destruction in both the countries but could potentially impact global economy including India with whom the two have trade relations.

The recent U.S. tariffs, while sparking short-term market turmoil, are seen by Akif Capital's Fedlan K?l?aslan as strategic tools to recalibrate global trade and build economic resilience. Rather than signaling collapse, this disruption may lay the foundation for a more sustainable global economy.

The success of the UDAN scheme is a golden chapter in Indian civil aviation. The government aims that by 2030, about 50 crore Indians will benefit from the UDAN scheme.

India's GDP growth accelerated to a robust 7.4 percent in the fourth quarter of FY 2024-25, as result of which the growth rate for the full financial year works out to 6.5 percent on the back of a strong performance of the agriculture, construction, and services sectors, as per official data.

India has become the fourth largest economy in the world, overtaking Japan, NITI Aayog CEO BVR Subrahmanyam said on Saturday. Briefing reporters after the 10th Governing Council meeting of NITI Aayog, Mr Subrahmanyam said the overall geopolitical and economic environment is favourable for India.

Inspired by Amitabh Bachchan's role in Trishul, Anand Pandit built a real estate empire and became a film producer and Bachchan's close associate.

The Dholera Special Investment Region (DSIR) in Gujarat, a smart city project under the Delhi-Mumbai Industrial Corridor, has witnessed a significant rise in land prices over the last decade, fueled by increased investor interest. Lalit Parihar, founder and MD of IG Group, reports that land prices in Dholera's Town Planning (TP) schemes have surged from 700 rupees per square yard to 7,000-10,000 rupees per square yard.

This step comes after a deadly terror attack in Pahalgam, Jammu and Kashmir, which killed 26 people.

These projections bring Prime Minister Narendra Modi's goal of a $5 trillion economy closer to reality. The report shows that India may hit this target as early as 2027, highlighting the country's strong economic performance and potential.

According to the report, Ahmedabad concerts delivered a significant economic windfall, generating an estimated economic impact of Rs 641 crore in total, including a direct boost of Rs 392 crore to Ahmedabad's economy, with significant spending on accommodation, transport, dining, and retail.

In line with Prime Minister's vision of leveraging creativity, technology, and talent to shape a brighter future, WAVES will integrate films, OTT, gaming, comics, digital media, AI, AVGC-XR, broadcasting, and emerging tech, making it a comprehensive showcase of India's media and entertainment prowes