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India’s Net Direct Tax Collection Jumps as Corporate Tax Cuts Drive Growth

India’s Net Direct Tax Collection Jumps as Corporate Tax Cuts Drive Growth

India’s net direct tax collections reached ₹22.26 lakh crore in FY25, registering a 13.48 percent year-on-year increase, the government informed Parliament on Monday. Minister of State for Finance Pankaj Chaudhary attributed the strong...

Philippines President Marcos Jr. to Visit India as Maritime Cooperation Expands

Philippines President Marcos Jr. to Visit India as Maritime Cooperation Expands

In a significant step toward bolstering bilateral ties, India will host Philippines President Ferdinand Romualdez Marcos Jr. from August 4 to 8, 2025. This marks his first official visit to India, and the first by a Philippine head of state since...

SEBI Plans to Allow Foreign and Institutional Investors as Strategic Partners in REITs and InvITs

SEBI Plans to Allow Foreign and Institutional Investors as Strategic Partners in REITs and InvITs

The Securities and Exchange Board of India (SEBI) has proposed new rules to attract more investors into Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). The aim is to increase investments and strengthen the...

India’s Fiscal Deficit Reaches 17.9% of Full-Year Target in Q1 FY26: CGA

India’s Fiscal Deficit Reaches 17.9% of Full-Year Target in Q1 FY26: CGA

India’s fiscal deficit stood at Rs. 2.80 lakh crore in the April–June quarter of FY2025-26, accounting for 17.9 percent of the full-year target, according to data released by the Controller General of Accounts (CGA) on Thursday. This...

RITES Signs Strategic MoU with NABCONS for Joint Projects

RITES Signs Strategic MoU with NABCONS for Joint Projects

RITES Limited, a leading government-owned infrastructure consultancy, has signed a Memorandum of Understanding (MoU) with NABARD Consultancy Services (NABCONS), a subsidiary of the National Bank for Agriculture and Rural Development (NABARD). This...

Trump Slaps 25% Tariff and Penalty on India Over Russia Ties

Trump Slaps 25% Tariff and Penalty on India Over Russia Ties

US President Donald Trump has announced a 25% tariff on Indian goods starting August 1, along with an additional penalty over New Delhi’s continued oil and military imports from Russia amid the ongoing Ukraine conflict. In a post on Truth...

Reliance, ONGC, and BP Join Hands to Explore Oil Block in Saurashtra Basin

Reliance, ONGC, and BP Join Hands to Explore Oil Block in Saurashtra Basin

Reliance Industries Limited (RIL) has signed a joint operating agreement with Oil and Natural Gas Corporation (ONGC) and BP Exploration to begin oil and gas exploration in a block located off India’s western coast in the Saurashtra basin....

IMF Raises India’s FY26 GDP Growth Forecast to 6.4 percent Amid Easing Trade Tensions

IMF Raises India’s FY26 GDP Growth Forecast to 6.4 percent Amid Easing Trade Tensions

The International Monetary Fund (IMF) has revised India’s GDP growth forecast upward to 6.4 percent for both FY2025-26 and FY2026-27, citing easing global trade tensions and improved international financial conditions. This marks a 20-basis...

Trump May Raise Tariffs to 20% on Countries Without US Trade Deals

Trump May Raise Tariffs to 20% on Countries Without US Trade Deals

In a major announcement, US President Donald Trump said on Monday that he may soon apply a flat tariff of 15 to 20 percent on imports from countries that do not have individual trade deals with the United States. Speaking in Scotland alongside UK...

Finance Ministry Projects Steady FY26 Growth Amid Global Uncertainty

Finance Ministry Projects Steady FY26 Growth Amid Global Uncertainty

India’s economy has entered Q2 of FY26 on a strong footing, supported by resilient domestic demand, controlled inflation, and a favourable monsoon, according to the Finance Ministry’s Monthly Economic Review for June 2025. The report...

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