BUSINESS
Over 1,000 copper importers face customs heat for misusing ASEAN FTA duty exemption
Copper importers have received retrospective show-cause notices from the customs department, prompting industry to send a representation to the Finance Ministry seeking relief for the traders.
BUSINESS
Domestic consulting firms seek removal of entry barriers in govt projects that favour Big 4
Indian firms seek level-playing field, call for overhaul of Rs 500-crore turnover empanelment norm
BUSINESS
FM Sitharaman asks regulators for swift refunds of unclaimed funds to citizens at FSDC meet
Finance Minister calls for coordinated district-level camps and inter-agency cooperation to return unclaimed amounts to rightful owners
BUSINESS
Medicines, tractors emerge as sticking points in scrapping 12 percent GST slab
There is likely a consensus on removing of the 12 percent GST slab, however, the resulting Rs 3,000-4,000 crore revenue loss shall have to be made up through other items, government sources have said.
BUSINESS
3.4 MT of smuggled gold refined, handed to RBI in FY25: FM Sitharaman
According to data compiled by enforcement agencies and reported by Moneycontrol, authorities seized 4,869 kg of smuggled gold in 2023–24, with the Myanmar border emerging as a major trafficking route.
BUSINESS
GST Council likely to take up insurance tax relief at next meeting, GoM may stick to full exemption proposal
The Group of Ministers (GoM) on insurance is expected to stick to its previous recommendation, which had call for a full GST exemption on term life as well as health insurance premiums for senior citizens.
BUSINESS
Procurement of 97 upgraded Tejas Mk-1A jets from HAL likely to begin in FY27: Govt official
HAL has enhanced the domestic share of components, with key systems like radar and high-frequency radios now being produced by Bharat Electronics Ltd.
BUSINESS
India’s own Big 4? PMO holds meeting today to push for homegrown consulting firms
In FY24, the Indian arms of Deloitte, PwC, EY and KPMG posted a combined revenue of Rs 38,800 crore and are projected to surpass Rs 45,000 crore in FY25. A sizable chunk of the revenue has come from government work
BUSINESS
FM Sitharaman to chair 29th FSDC meeting on June 10; RBI, SEBI chiefs to attend
With persistent global uncertainties, the minister is expected to assess systemic vulnerabilities and align regulatory priorities with the government’s policy agenda
INDIA
FM Sitharaman asks DRI to dismantle smuggling, narcotics networks, adopt AI-driven methods
Inaugurating the DRI's new headquarters in New Delhi, the minister said enforcement agencies must evolve in sync with the growing complexity of global trade and security threats
BUSINESS
Nirmala Sitharaman calls high-level meet as concerns mount over Talcher fertiliser plant delay, cost escalation
The project’s date of operation has been pushed back by nearly three years to June 2027 and the cost is projected to rise to Rs 17,080 crore from Rs 13,277 crore
BUSINESS
Kerala HC backs CCI probe into Star India, says anti-trust conduct not protected by regulatory overlap claims
The court clarified that while TRAI regulates licensing and interconnection, the CCI's mandate extends to preventing abuse of dominance and ensuring market fairness
BUSINESS
India sustaining status as fastest-growing economy for fourth consecutive year: FM Sitharaman
Sitharaman said the economy’s momentum had stayed strong despite global volatility and scepticism.
BUSINESS
Conditions ‘steady’ for growth in Q1FY26, backed by economic momentum, says CEA Nageswaran
CEA Nageswaran said manufacturing continues to face global challenges but pointed to domestic policy support aimed at reversing the trend.
BUSINESS
National Manufacturing Mission to be rolled out in June; states to play key role, says NITI Aayog CEO
Body to function as empowered decision-making authority with focus on regional equity, women’s participation, and sector-specific targets
BUSINESS
AI-adopting industries to power India’s rise as third-largest economy: FM
“We are making provision for small modular nuclear reactors to produce sustained base energy, because renewable yet to find its storage system,” she said.
BUSINESS
NCLT finds systemic fraud at Gensol Engineering; passes interim order to freeze bank accounts
Tribunal orders wide-ranging interim reliefs on MCA’s plea citing fund diversion, financial misreporting, and public interest concerns
BUSINESS
RINL identifies land parcels worth Rs 200 crore for monetisation in FY26 amid financial distress
After raising Rs 248 crore in FY25 through asset monetisation, debt-laden RINL targets additional land sale to kick-start a revival. Proceeds from the asset sales will go to RINL and not to the Centre, it is learnt.
BUSINESS
Fintech firms powering MSMEs via digital public infra, says FM Sitharaman
Finance Minister during her visit to Indian fintech company Pine Labs lauded fintech firms’ contribution to expanding country's Digital Public Infrastructure (DPI)
BUSINESS
Finance Minister to meet India Inc for GST 2.0 reforms today, amid push for tax simplification
Centre eyes rationalisation of GST structure; India Inc to make presentations on reform demands.
BUSINESS
Govt readies Rs 2,000 crore-3,000 crore order to buy Invar missiles from Bharat Dynamics
Procurement of 500 anti-tank guided missiles for T-90 tanks awaits final vetting of contract value
BUSINESS
Govt closes FY22–25 asset monetisation programme slightly short of target at Rs 5.8 lakh crore
Coal and roads outperform targets, while Railways lags with over 81 percent shortfall. NITI Aayog is revamping its approach for the second NMP (2025–30) with a Rs 10 lakh crore target.
BUSINESS
Govt prepares cabinet note to expand PM Internship Scheme
The move comes as the second pilot phase of the scheme is ongoing, with key learnings to be included in the broader rollout strategy.
BUSINESS
Indian tourists should avoid visiting Turkey, though no advisory is likely, say government sources
There is no official travel advisory restricting movement to Turkey, but the cautionary remark from government officials emphasize the public sentiment and trade relations.
