Union finance minister Nirmala Sitharaman (ANI photo) NEW DELHI: Finance minister Nirmala Sitharaman said on Friday there will be limited impact of external shocks on India’s growth, due to strong domestic consumption and investment.“The Indian economy is resilient and continues to grow sustainably,” she said at the Kautilya Economic Conclave.The Indian economy is estimated to…
NEW DELHI: Govt’s policy tank Niti Aayog proposed a comprehensive designed framework to enhance tax certainty and predictability for foreign investors. It recommended the introduction of an optional, industry-specific presumptive taxation scheme for foreign firms.Releasing a working paper on Friday, it also backed broader legislative clarity, administrative efficiency, robust dispute resolution mechanisms, and strategic alignment…
Markets regulator Sebi has begun discussions on bringing family offices under its oversight, as the country’s billionaires become a growing force on exchanges, people familiar with the matter said. The discussions include asking family offices to disclose their entities, assets and investment returns for the first time, as well as a separate category to regulate…
Albert Park, chief economist at the Asian Development Bank, is in India and sat down with TOI to speak on a range of issues from India’s growth to impact of Trump tariffs. Excerpts:How do you look at India against the backdrop of what’s happening geopolitically, especially the Trump tariffs?We’ve downgraded our forecast compared to April….
NEW DELHI: The festive rush is there but car and two-wheeler companies, flush with orders after GST reduction and price cuts, are now facing a unique problem — ‘on time delivery’ of vehicles during festivals.While customers are seeking delivery around Dhanteras and Diwali, companies are finding it challenging to do so due to shortage of…
MUMBAI: RBI has released a draft circular revising its framework for lending to related parties, a move expected to significantly improve ease of doing business in the financial sector. By introducing scale-based materiality thresholds, the draft ensures that only sizeable loans to related parties require board or committee approval, replacing earlier blanket restrictions that often…
NEW DELHI: On the back of a fillip provided by a reduction in GST on 375 items, Indian consumers flocked to stores and car dealerships resulting in the highest Navratri sales in over a decade, govt officials said, citing industry data.They argued that the move lowered prices, helping families upgrade vehicles, buy white goods and…
The Maharashtra government on Friday rolled out an electronic bond, or ‘e-bond’, system for import and export transactions, replacing traditional stamp paper bonds, officials said. The move is aimed at simplifying trade procedures, accelerating business operations, and modernising the state’s economy.Revenue Minister Chandrashekhar Bawankule said Maharashtra has become the 16th state in India to adopt…
Kashmir on Friday witnessed a first-of-its-kind milestone in automobile logistics, with the arrival of its maiden dedicated car carrier rake by Indian Railways.A special train carrying 116 brand-new Maruti Suzuki vehicles, including Brezza, Dzire, WagonR and S-Presso, rolled into the Anantnag Goods Shed directly from the company’s Manesar plant in Haryana, PTI reported. This marks…
The Life of a Showgirl (Image courtesy: Taylor Swift Instagram) The US economy is faced with the twin conundrum – growth challenges are mounting, and inflation is not in the US Federal Reserve’s comfort zone. At such a time, the release of Taylor Swift’s latest album, The Life of a Showgirl, may spell good news…
