BUSINESS
Decoding 'India's dead economy' for Mr Trump
India's economic growth is expected to touch 6.5% in 2025-26, higher than 1.9% and 4.8% growth rates of US and China , India's savings rate at 18.1% and debt at 81% of GDP, places India ahead of major advanced economies.
BUSINESS
TCS assures Labour Ministry: Lateral hires will be onboarded
The meeting, however, didn’t discuss the mass-layoffs announced by TCS. 'That will be discussed later,' an official confirmed to Moneycontrol.
INDIA
India looking at expanding textiles exports to other markets, as it awaits clarity on US tariffs: Govt official
The US is India’s largest market for textile and apparel exports. During January-May 2025, US imports of textile and apparel from India were valued at $4.59 billion, up 13 percent compared to the same period last year
BUSINESS
Offshore online-gaming firms increasingly using crypto to evade tax, say officials
The Directorate General of GST Intelligence can only track 10% of crypto transactions, leaving thousands of crores worth of transactions undetected, officials say
BUSINESS
Industry 'disappointed' as US Imposes 25% tariff on Indian goods
If this tariff is sustained, this move may directly affect key sectors such as marine products, pharmaceuticals, textiles, leather, and automobiles, where bilateral trade has been especially robust, say analysts.
BUSINESS
TCS faces labour ministry scrutiny amidst 12,000 job cuts, hiring delays
The Nascent Information Technology Employees Senate has written two letters to the chief labour commissioner's office in recent days, seeking the ministry’s intervention regarding the large-scale layoffs and postponing getting newly hired employees on board.
BUSINESS
High pendency plagues NCLAT: Analysts push for dedicated Competition benches
Some experts say an attempt to revive the erstwhile COMPAT or Competition Appellate Tribunal can be made, as they were dedicated tribunals—dissolved in 2017—to deal with Competition matters.
INDIA
Tariff uncertainties, weak private investment may limit India’s economic momentum: FinMin
The Indian economy in mid-2025 presents a picture of 'cautious optimism', said the ministry
BUSINESS
Hearing on online gaming taxation, regulation by states enters final week in Supreme Court
The apex court will hear the arguments by Karnataka and Tamil Nadu on their decisions of banning or curbing online gaming through respective local legislations, as the hearing on the taxation matter of over 100 e-gaming firms and casinos concluded last week
BUSINESS
Labour ministry examining delayed onboarding of 600 lateral hires by TCS, says official
The labour ministry lacks the statutory authority to compel a private employer to onboard hires unless a clear legal violation is established, experts say.
BUSINESS
Online gaming addiction leads to impoverishment: Karnataka in SC, justifying curbs
Instances of online gaming are contributing to a rise in criminal activities, indebtedness and growing gambling addictions among broad sections of the society, the state argued.
BUSINESS
India-UK FTA: Alcobev sector cheers halved tariffs on scotch and gin
Under the FTA, the total customs duty on imported alcoholic spirits, limited to whisky and gin from the UK, will be halved at the first stage of entry-into-force from 150 percent to 75 percent, followed by a progressive reduction to 40 percent over the next decade
BUSINESS
States allowing women to work night shift a gamechanger: Labour Secretary
The labour ministry has constituted a taskforce which is working on formulating 'actionables' to enhance women’s participation in workforce, Vandana Gurnani has said
BUSINESS
Govt likely to extend electronic manufacturing scheme beyond July on high interest: Official
The Rs 23,000-crore directly-funded ECM scheme was launched on May 1, aimed at addressing the demand-supply deficit in the electronic component segment
BUSINESS
Chirag Paswan calls for GST rationalization, raising food regulations to global standards
On regulations concerning the FPI sector, the minister said that there is need to enhance the regulatory regime of FSSAI, and match with international standards
BUSINESS
Finance Ministry backs equity status for REITs, InvITs; Decision likely in SEBI's next board meet
SEBI has also suggested increasing the investment limits for MFs in REITs and InvITs, from 10 percent of the (equity and hybrid) scheme’s net value (NAV), to 20 percent, which could be approved in its next meeting as well.
BUSINESS
Farm ministry flags higher diversion of maize for ethanol amid concerns over import dependency
These concerns that were conveyed to the petroleum ministry stem from India becoming import dependent for a grain that it typically exports.
BUSINESS
Parl Panel report on Income Tax Bill focuses on taxpayer protection, reduced compliance
One key recommendation is to provide flexibility to small taxpayers for allowing refund claims in cases where the return is not filed on time.
BUSINESS
Monsoon, incomes and incentives fuelling India's rural consumption boom
Improved credit availability from NBFCs, increased government spending, a supportive kharif harvest, the onset of festive season-related demand and a backdrop of low inflation will drive rural consumption in H2FY26, according to one economist Moneycontrol spoke to.
BUSINESS
Government may allow you to dip into your PF once every 10 years
If the changes being considered are implemented, members could be allowed to withdraw their entire corpus even in their 30s
BUSINESS
Higher crop output expected in 2025 but uneven distribution of rains could be a spoiler: Govt source
Early monsoons do not necessarily always translate into higher production, though such results are probable and expected by the government, an official told Moneycontrol. There needs to be caution in such conditions as some areas might be prone to flooding or drought, resulting in crop destruction.
INDIA
Income Tax officers raid over 200 premises to nab suspects facilitating fake I-T refunds
"It’s recently being seen that net tax collections growth of the central government is much lower than expected. Fake refunds are a major issue," an Income Tax officer told Moneycontrol.
BUSINESS
Indian delegation in US for another round of trade talks
The talks come amid India’s broader push to expand its network of free trade agreements (FTAs) with several countries.
INDIA
Army veterans face problems with pension portal SPARSH
India's defence veterans face hardship after switch from old pension disbursement system to new online portal
