BUSINESS
Govt may double MSEs' collateral-free loan limit to Rs 20 lakh under credit guarantee scheme
The move comes as Trump's tariffs on Indian goods are expected to hit micro & small enterprises the hardest. A decision is likely before the end of the month
BUSINESS
Lok Sabha passes revised income-tax bill
The revised income tax bill was tabled in the house earlier today by finance minister Nirmala Sitharaman. It carries most of the 285 recommendations made by the Parliamentary Select Committee
BUSINESS
Govt favours retaining current inflation targeting framework from FY27 for another 5 years
This is because the weight of food in the CPI basket is likely to come down; therefore, the RBI may continue to target headline inflation, with a mandate of keeping the rate at 4 percent along with a tolerance band of 2 percentage points on either side. The current framework is valid until March 2026.
BUSINESS
Banks recommend new GST slab of Rs 1 crore to curb merchants ditching digital payments
DFS sought comments from banks, RBI and NPCI on the existing GST slab of Rs 40 lakh for shopkeepers, whether it should be raised, and by how much, sources said
BUSINESS
India mulls fresh incentives for exporters amid US tariff shock, sources say
Any fresh incentive will potentially focus on labour-intensive exports and the requirement for the same will depend on if and how quickly Washington and New Delhi secure a trade deal potentially lowering the massive tariffs rates, sources said.
BUSINESS
Trump’s tariff threat can shave off 30-50 bps from India’s FY26 growth, fear economists
Policy experts see the move by US President as counterproductive, coming at a time when both nations are actively engaged in forging a long-term trade agreement.
BUSINESS
K. Moses Chalai, Secretary of Dept of Public Enterprises, to be designated as the next Finance Secretary soon?
According to sources, Chalai is the senior most in rank in the finance ministry and is expected to be designated as finance secretary soon.
BUSINESS
GST Council may take up proposal for uniform 12% tax on fertilisers, inputs by September
The government is open to compensating industry through direct subsidy to protect end-user pricing, say sources
BUSINESS
No tax exemption for fast-track demergers in new I-T bill, experts say will hamper ease of business
The gap in the Income-Tax Bill, 2025 may hurt MSMEs and startups, which have been relying on simplified restructuring routes
BUSINESS
Trump’s tariff may dent export margins, but India’s manufacturing appeal intact, say economists
While Trump’s tariff threatens immediate export and relocation momentum of the China+1 theme, India’s workforce, policy incentives and export resilience is expected to attract global manufacturers. The levy, if implemented, could amount to $16-18 billion annually in duties on Indian exports, one estimate said.
BUSINESS
LTIMindtree bags Rs 792-crore PAN 2.0 project
The projects aims to modernise and improve the PAN and TAN systems with the use of such as artificial intelligence and data analytics
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
