Economy News ( English version)

India and the US are on the verge of finalizing a mini trade deal, potentially excluding sensitive sectors like dairy and agriculture. The agreement, expected to be announced soon, will initially focus on trade in goods.

The Indian Staffing Federation (ISF) has appealed to the finance ministry to lower the GST rate on employment services from 18% to 5%. ISF argues that this reduction would boost formal job creation, enhance the staffing industry's competitiveness, and align with national employment goals. They believe the change would have minimal impact on overall GST […]

Rajiv Memani of CII reports that private investment remained stable recently. However, a revival is expected due to increased demand and lower interest rates. New projects worth Rupees 3.5 lakh crore were announced in the June quarter. CII suggests GST reforms and standard audit procedures for MSMEs.

India and the United States may finalize a mini trade deal in the next 48 hours. CNBC-TV18 reports that discussions are complete. Negotiations for a larger deal will commence after July 9. The mini trade deal is expected to have average tariffs of 10%. Sources familiar with the matter provided this information. Further details are awaited as the situation de […]

PwC India's report reveals that Indian businesses could unlock $9.82 trillion in economic value by 2035 by shifting to domain-led models addressing human and industrial needs. This approach encourages cross-sector collaboration and innovation across areas like manufacturing, construction, and healthcare. The report provides a framework for businesses to […]