BUSINESS
Andhra Pradesh approves Electronics Policy 4.0; Syrma SGS, Dixon likely among key beneficiaries
Syrma SGS is set to invest Rs 1,800 crore to build India’s largest PCB manufacturing facility. The proposal is expected to go up for approval next week.
BUSINESS
Trump’s 25% tariff on India ‘not final’, only a pressure tactic: Rajiv Kumar
Former NITI Aayog Vice Chairman says the move is a negotiation tactic as bilateral trade talks continue; sixth round of BTA talks expected in August.
BUSINESS
Government lays out action plan to boost FDI, make compliance easier
Regular engagements with global investors to address their concerns, further simplifying processes as well as easing compliances to boost inflows are part of the plan
BUSINESS
Lord Meghnad Desai: A towering economist, global thinker
The Indian‑born British economist, author and Labour peer, passed away at the age of 85.
BUSINESS
SFIO wraps probe into 33 Chinese loan apps; Prosecution likely
Reports on digital lending firms like Omlette and Jump Monkey submitted to MCA; crackdown on predatory fintech apps intensifies
BUSINESS
GST Council may discuss uniform 12% rate for textile sector by September
Move aims to fix duty inversion, rationalise rates across the value chain – from cotton to garments – to reduce compliance burden and attract investments
BUSINESS
Maintaining India’s growth is the topmost priority, says FM Sitharaman
FM lists top three policy priorities: sustaining growth, amplifying Global South's voice, and building inclusive economic ecosystems; flags public capex and FDI as key levers amid global uncertainty
BUSINESS
Can’t comment if bilateral trade good or bad, but talks with US progressing well: FM
Global trade shifting amid geopolitical flux; FM highlights need for redefined multilateral institutions
BUSINESS
July Manufacturing PMI hits 17-1/2-year high in a sign of robust growth momentum
This PMI surge marks a significant acceleration from 58.4 reading in June, and indicates a robust improvement in factory operating conditions, supported by a surge in both domestic and international demand.
INDIA
India-UK FTA: Indian electronics, textiles, pharma, chemicals to get zero duty access
In labour-intensive sectors, tariffs on Indian exports to the UK have been slashed to nil from up to 20 percent on marine products, 12 percent on textiles and apparels, 8 percent on chemicals, and 10 percent on baseline metals, the Indian government said
BUSINESS
FM Sitharaman directs CBDT to withdraw all low-value tax cases within 3 months
Of the 5.77 lakh pending appeals, over 2.25 lakh cases are targeted for disposal in FY 2025–26, potentially resolving more than Rs 10 lakh crore of disputed tax demand.
BUSINESS
India-UK FTA grants duty-free access to 95% of farm exports, eyes 20% export surge in 3 years
Dairy remains protected; 20 percent duty on vegetable oils removed for Indian exports
BUSINESS
Former DEA Secretary Ajay Seth appointed IRDAI Chairperson for three years
The appointment ends a four-month vacancy at the insurance regulator; Seth brings nearly four decades of public finance and policy experience to the role
BUSINESS
GST Council may give relief to NHAI toll contractors in upcoming meet
The council's fitment committee has recommended exemption from GST on toll-operate-transfer contracts, which can benefit private road developers such as Adani Enterprises and IRB Infrastructure
BUSINESS
ED attaches Alchemist, Ojas hospitals' shares worth Rs 127 crore in PMLA case
According to the agency, the funds collected were siphoned off and layered through a web of financial transactions among group entities to conceal their illicit origin.
BUSINESS
GST council needs to decide on compensation cess by October as loan repayment nears completion
With the GST compensation loan expected to be paid by October, the council will have to take the call on the levy, the legality of which could be called into question once the debt is cleared
BUSINESS
Centre meets bank chiefs today to address credit woes of textile sector
Finance and textiles secretaries to chair meeting with managing directors of SBI, PNB, BoB and others to focus on green financing, MSME credit ratings and subsidy bottlenecks
BUSINESS
Vedanta Aluminium CEO calls for retaliatory tariff as duty concerns weigh heavy
India’s aluminium trade deficit with the US has more than doubled – from 90 kilo tonnes in FY20 to 210 KT in FY25, Rajiv Kumar tells Moneycontrol in an interview, demanding the United States scrap the tariff
BUSINESS
Government remains wary of granting bank licences to big corporates
Concerns over self-lending risks and systemic instability remain key hurdles; senior official says corporates want both licences and control — “both cannot work”
BUSINESS
Drop in tax collection not a worry, expect 5–6% rise in September, says govt source
The government has pegged mid-year mop-up at Rs 11.34 lakh crore, driven by inflows from the second advance tax instalment which is due September 15
BUSINESS
Andhra Pradesh launches Space Policy 4.0, Eyes Rs 25,000 cr investment with twin space cities
The two space cities proposed under the scheme—Lepakshi and Tirupati— will focus on innovation and manufacturing, respectively,
BUSINESS
Govt plans to offload around 4% stake in NLC India via OFS this fiscal
After successful OFS in March 2024, DIPAM eyeing a second tranche, depending on market conditions
BUSINESS
NBFCs may get tax relief on senior citizens’ FD interest, GST exemption on co-lending fees
The government is, however, unlikely to concede on other NBFC demands, including reduction in the Rs 20 lakh SARFAESI threshold
BUSINESS
Govt panel finalises revamped eKYC norms; regulators to roll out risk-based framework soon
The committee's recommendations include a common KYC form, risk-based graded eKYC norms, and KYC portability, meaning customers will no longer need to undergo the same process multiple times across different financial institutions.
