Economic Times
CBDT mandated SROs to report high-value transactions by June 30. 6,000 entities failed to comply, lacking data. Form 61A enforcement in progress for I
The Central Board of Direct Taxes (CBDT) has entered into a record 125 Advance Pricing Agreements (APAs) with Indian taxpayers in 2023-24. This includ
The Reserve Bank of India (RBI) on Tuesday issued a significant directive, stating that from August 1, 2025, no entity involved in card transactions,
The International Monetary Fund (IMF) has revised its forecast for India's economy, predicting a 6.8% growth in FY25 and 6.5% in 2025. This follows up
UNCTAD released a report revising India's economic growth forecast for 2024 to 6.5%, a slight decrease from the previous year's 6.7%. The factors cont
Union Finance Minister Nirmala Sitharaman highlighted India's status as the fastest growing economy for three consecutive financial years, projecting
India is a major sugar producing country in the world. Sugar season runs from October to September. Currently, there are curbs on sugar exports for an
Recent rains have not impacted wheat and other rabi crops, with harvesting progressing smoothly. The IMD predicts continued rain and hailstorms due to
India's road construction is expected to grow 5-8% this year to 12,500-13,000 km, driven by government investment and project completions, rating agen
Economists anticipate the Reserve Bank of India (RBI) to maintain its policy rate at 6.5% for the fiscal year 2024-25 due to factors like higher-than-
India has permitted limited onion exports to the United Arab Emirates (UAE) and Sri Lanka, despite ongoing restrictions on outward shipments of the ve
Middle East conflict may influence India's inflation and oil prices. Recent data shows decreasing consumer inflation. Monsoon forecasted to help contr
The India Meteorological Department (IMD) predicts "above normal" rain for the June-September monsoon, boosting the prospects of a bountiful agricultu
India’s oil purchases from Russia jumped after the war as New Delhi purchased discounted crude. The share of Russian oil in India’s total imports
The finance ministry has approved the release of funds for six more months through September 2024 under the Indian government's flagship housing schem
India has diversified its trade to protect against regional conflicts and the ongoing Israel-Iran conflict. Commerce Secretary Sunil Barthwal said the
The specter of escalating conflict in West Asia looms over discussions on the global economy. It has ignited concerns among economic policymakers abou
The Directorate General of Foreign Trade has imposed port restrictions on exporting essential commodities to the Maldives due to tensions between Indi
"In my view, that is possible (India becoming the third-largest economy), but it's not a celebration. Why? We are a large economy because we are 1.40
For the full year, the trade deficit, at $240 billion, was 9.3% lower than the previous year. Exports tumbled 3.1%, as geopolitical tensions continued
