Business

New Delhi: GST tax rates on common use items ranging from hair oil to corn flakes, TVs, and personal health and life insurance policies were slashed after the all-powerful GST Council Wednesday approved a complete overhaul of the tangled Goods and Services Tax regime. The...

New Delhi: Union Commerce and Industry Minister Piyush Goyal Wednesday assured Indian exporters that the government is actively engaged in creating an enabling environment to help them navigate the challenges arising from rising trade tariffs. The minister chaired a meeting with the Export Promotion Councils...

Washington: As US President Donald Trump reiterated his criticism of trade ties with India Tuesday, American media continues to discuss the implications of the India-US tensions on the country's economic strategy and foreign policy. The Wall Street Journal published a short explainer on the impact...

New Delhi: The GST Council, in its ongoing meeting here, has veered around to bringing consumer goods such as shoes and clothes in the lower price range of up to Rs 2,500 under the lowest GST tax bracket of 5 per cent, according to sources....

New York/Washington: India “kills” the US with tariffs and the country has now offered “no tariffs” to America, President Donald Trump has said, amid New Delhi's escalating tensions with Washington over his administration's policies on trade and tariff. “They have tariffs against us. China, which...

New Delhi: Gold prices rallied Rs 1,000 to touch a fresh record high of Rs 1,07,070 per 10 grams in the local markets Wednesday amid hopes of Fed easing rates, mounting geopolitical tensions and growing worries around the US economy. According to the All India...

New Delhi: Union Commerce and Industry Minister Piyush Goyal Wednesday held talks with Germany’s Federal Minister for Foreign Affairs Johann Wadephul on strengthening economic relations between the two countries amid the changing dynamics in world trade triggered by the sharp hike in US tariffs. “Held...

Mumbai: Benchmark equity indices Sensex and Nifty closed higher in a volatile session Wednesday, driven by a rally in metal stocks and optimism related to the GST Council meeting. After oscillating between highs and lows, the 30-share BSE Sensex jumped 409.83 points or 0.51 per...

New Delhi: India would like to see its negotiations with the European Union for a free trade agreement move to a decisive conclusion soon, External Affairs Minister S Jaishankar said Wednesday. Jaishankar made the remarks at a joint media briefing after holding wide-ranging talks with...

New Delhi: The free trade agreement between India and four-European nation bloc EFTA, which will come into force from October 1, will have legally binding provisions on trade and sustainable development, Switzerland said Wednesday. "For the first time, India has laid down legally binding provisions...