April 16, 2026
Headlines

Economy

Economy

Nothing 49

India Flags Trade Imbalance and Export Controls at SCO Meet, Urges Fair Access and Transparent Measures

Business News Desk284 mins mins

At the 24th Shanghai Cooperation Organisation (SCO) Trade Ministers’ Meeting held in Vladivostok on September 6, 2025, India raised strong concerns over persistent trade imbalances and the misuse of export controls, calling for a calibrated, transparent, and inclusive approach to global commerce. Representing India, Amitabh Kumar, Additional Secretary in the Department of Commerce, emphasized the…

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Nothing 13 1

SBI Report Estimates ₹3,700 Crore Revenue Loss from GST Reforms, But Consumption Surge May Offset Fiscal Impact

Business News Desk04 mins mins

The State Bank of India (SBI) has projected a modest ₹3,700 crore revenue loss to the central government in FY26 due to the latest Goods and Services Tax (GST) reforms, according to its recent research report. The reforms, approved by the GST Council at its 56th meeting, include a major rate rationalisation that replaces the…

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Nothing 10 1

Next-Gen GST Reforms Set Stage for India’s $350 Billion Textile Economy by 2030

Business News Desk04 mins mins

India’s textile industry is poised for a transformational leap, with next-generation GST reforms unlocking new growth potential across the entire value chain—from fibre to fashion to foreign markets. The Ministry of Textiles, in coordination with the GST Council, has rolled out a series of landmark tax rationalisations aimed at correcting structural anomalies, reducing production costs,…

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Nothing 7 1

Indian Exports to US Reach Half of FY25 Total in Just Five Months of FY26: Piyush Goyal Highlights Resilience Amid Tariff Headwinds

Business News Desk04 mins mins

India’s merchandise exports to the United States have already touched 50% of the total value recorded in FY25—within just the first five months of FY26—according to Union Commerce and Industry Minister Piyush Goyal. Speaking at a trade review meeting in New Delhi on September 5, 2025, Goyal emphasized that despite the pressure of elevated US…

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Nothing 15

Big GST Reset to Trigger Demand Surge in FMCG, Cars, Electronics: Keki Mistry Calls It a Game-Changer for Consumption Economy

Business News Desk04 mins mins

India’s consumption-driven economy is poised for a major boost following the rollout of the new Goods and Services Tax (GST) structure, which slashes rates across key sectors including fast-moving consumer goods (FMCG), automobiles, and electronics. Veteran banker and HDFC Vice Chairman Keki Mistry has hailed the reform as a “game-changer,” predicting an immediate uptick in…

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Nothing 7

GST Rate Cuts Effective September 22: Full List of New Tax Slabs, Item-Wise Changes, and 75 FAQs Explained

Business News Desk04 mins mins

In a landmark decision, the GST Council has approved a major overhaul of India’s Goods and Services Tax structure, slashing rates across a wide range of goods and services. Effective from September 22, 2025, the new framework consolidates the existing four-tier system into a simplified two-slab structure of 5% and 18%, with a special 40%…

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Nothing 6

India’s Unincorporated Sector Hits Record 13 Crore Employment: Trade, Services, and Self-Employment Drive Growth

Business News Desk04 mins mins

India’s unincorporated non-agricultural sector has crossed a historic milestone, recording over 13 crore employed workers for the first time in the January–March quarter of 2025, according to the Ministry of Statistics and Programme Implementation (MoSPI). The surge, captured in the newly launched Quarterly Bulletin of Unincorporated Sector Enterprises (QBUSE), reflects a dynamic shift in India’s…

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Anand Tandon Flags Tariff Risks to Growth, Maintains Cautious Outlook on Consumption Recovery

Business News Desk04 mins mins

Independent market analyst Anand Tandon has cautioned that the recent surge in US tariffs on Indian exports could weigh heavily on India’s growth trajectory, especially if global demand weakens further. In a recent interview, Tandon expressed skepticism about the sustainability of India’s consumption-led recovery, citing inflationary pressures, uneven income distribution, and limited fiscal headroom as…

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India’s Informal Manufacturing Sector Shrinks Despite GDP Growth Surge: MoSPI Data Sparks Concern

Business News Desk04 mins mins

Days after India’s GDP growth surprised analysts with a robust 7.8% expansion in the April–June quarter of FY2025–26, fresh government data has raised red flags about the health of the informal manufacturing sector. According to the Ministry of Statistics and Programme Implementation’s (MoSPI) first-ever Quarterly Bulletin of Unincorporated Sector Enterprises, employment and enterprise numbers in…

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Piyush Goyal Reassures Exporters Amid US Tariff Hike: Government Pledges Support, Policy Interventions

Business News Desk24 mins mins

Commerce and Industry Minister Piyush Goyal has assured Indian exporters of comprehensive support to mitigate the impact of the steep 50% tariff imposed by the United States on several Indian goods. Speaking at a high-level meeting with export promotion councils and industry associations on September 3, 2025, Goyal reaffirmed the government’s commitment to safeguarding the…

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