PM Modi’s address to nation: Income tax relief, GST rate cuts to result in Rs 2.5 lakh crore savings; asks people take pride in ‘Swadeshi’ goods

PM Narendra Modi’s address to the nation Prime Minister Narendra Modi on Sunday hailed the next-generation Goods and Services Tax (GST) reforms that will come into effect from September 22, 2025. “From tomorrow, ‘GST Bachat Utsav’ will commence. Your savings will increase and you will be able to buy your favourite things…’GST Bachat Utsav’ will…

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State finances: Salaries, pensions and interest expenditure rises 2.5 times in 10 years; subsidy outlay triples

States’ expenditure on salaries, pensions, and interest payments has surged nearly 2.5 times over the past decade, highlighting the rising share of committed spending in state budgets, according to the latest report by the Comptroller and Auditor General of India (CAG).The report, State Finances 2022-23, shows that combined committed expenditure across 28 states rose to…

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FPI flows: Foreign investors pull out Rs 7,945 cr from equities in September; 2025 net outflow rises to Rs 1.38 lakh cr

Foreign portfolio investors (FPIs) have withdrawn Rs 7,945 crore from Indian equities in September so far, weighed down by global uncertainties including tariffs and ongoing geopolitical tensions, according to depository data. The sell-off follows heavy outflows of Rs 34,990 crore in August and Rs 17,700 crore in July, taking the total net equity outflow by…

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‘Increase in last-minute bookings’: India-US last-minute flights spike after H-1B fee news, reports MakeMyTrip; US says existing visas unaffected

India-US last-minute flights spike after H-1B fee news, reports MakeMyTrip Last-minute India-US travel bookings surged on Sunday after the Trump administration announced a $100,000 fee for new H-1B visa petitions, according to MakeMyTrip.US President Donald Trump signed a proclamation introducing the fee, aimed at allowing only “extraordinarily skilled” workers into the country and discouraging firms…

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India-Azerbaijan energy ties: Crude oil shipments to New Delhi restart after 10-month halt; pricing dispute settled

Azerbaijan has resumed crude oil exports to India after a 10-month break, resolving the pricing issue that had led to the halt in supplies, according to people familiar with the matter. In August, Azerbaijan exported 1,747.07 tonnes of crude oil to India, valued at $781,520, according to its customs data, as cited by ET.Energy cooperation…

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