Economy and Finance

Howard Lutnick said that despite having 1.4 billion people, India does not buy even a bushel of corn from U.S.A., adding that the country will have to either buy American corn or face high tariffs.

The Union Government is reopening the application window for the PLI Scheme for White Goods (ACs and LED Lights) for 30 days from 15th September to 14th October

Adani Power has signed a 25-year Power Supply Agreement (PSA) with Bihar State Power Generation Company Ltd. (BSPGCL) for supply of 2,400 MW

European Union is accelerating negotiations for a Free Trade Agreement (FTA) with India, even as Donald Trump urges the bloc to impose up to 100% tariffs on India

The site, launched right after the announcement of the GST Council’s latest reforms, is being pitched as a tool to make tax savings more transparent and relatable for ordinary citizens.

The Central Board of Indirect Taxes and Customs (CBIC) has issued a clarification on the revised Goods and Services Tax (GST) applicable to popcorn, refuting reports that sugar-coated or caramel popcorns would be taxed at 18% under revised rates

The GST Council has reduced tax rates on key electronics, including TVs above 32 inches, ACs, dishwashers, and monitors, from 28% to 18%.

Luxury cars fall in the category of 'sin goods' under the new GST reforms. Sin goods have historically been heavily taxed by the government.

The GST council rolled out these revised tax rates on 3rd September. These reduced rates, however, will not be applicable to road tractors for semi-trailers with an engine capacity of more than 1800 cc.

The GST Council has removed tax on essential stationery items like pencils, erasers, notebooks, maps, and globes. Earlier taxed at 12% or 5%, these items will now be completely tax-free.