What can be done for customs reforms. (AI generated image) By Krishan AroraIndia customs has seen several reforms over the years – from tariff rationalization to digitization to simplified procedures & schemes to support domestic Industry. While high tariff rates and duty rate rationalization remains a key industry demand, there is a need for a … Read more
US stocks opened with modest gains on Monday as investors turned their focus to a busy earnings calendar and the upcoming policy meeting of the US Federal Reserve, while gold surged past the $5,000-an-ounce mark for the first time.The S&P 500 rose 0.4% in early trade, coming off its second consecutive weekly loss. The Dow … Read more
Representative image (AI) Ahead of the Union Budget, EY India’s Rajnish Gupta said that the government should release more public data to support India’s push for sovereign artificial intelligence. He added that it is key to building AI models that reflect the country’s cultural and linguistic diversity.Gupta, Partner with EY India’s Tax and Economic Policy … Read more
India and the European Union have successfully concluded negotiations for a long-pending Free Trade Agreement (FTA), Commerce Secretary Rajesh Agrawal said on Monday, PTI reported. Calling the agreement balanced and forward-looking from India’s perspective, Agrawal said the deal would deepen economic integration between India and the EU and give a boost to bilateral trade and … Read more
Banking operations at public sector banks across the country are likely to be disrupted on Tuesday as bank unions go ahead with a nationwide strike to press for the immediate implementation of a five-day work week.The strike, called by the United Forum of Bank Unions (UFBU)—an umbrella body of nine unions representing bank officers and … Read more
With global banks, broker-dealers and capital markets players weighing India as an offshore financial base, Deloitte has urged the government to use Budget 2026 to have parity rulesa among players, remove tax asymmetries and compliance frictions that are limiting the scale-up of IFSC GIFT City as a full-service international BFSI hub.According to Deloitte, the International … Read more
Mumbai: An insurance start-up is betting on a narrow but neglected corner of India’s motor market: micro-entrepreneurs who own commercial vehicles in small towns and rural areas, and who often miss renewals due to lack of access. OneCircle Insurance Brokers, which launched operations this month, is designing its business around these gaps, offering products from … Read more
Ahead of the Union Budget 2026, the IT industry association Nasscom has urged the government to address pressing tax concerns for startups and technology firms. As reported by PTI, the Nasscom wishlist for Budget 2026 includes extending the Employee Stock Option Plan (ESOP) tax deferment to more startups, clarifying rules around the tax treatment of … Read more
Ahead of the Union Budget, India’s fast-growing private space industry has called on the government to step up public procurement of space products and services and formally recognise space assets as critical infrastructure to unlock financing and accelerate scale-up.Industry leaders said assured government demand, along with easier access to long-term capital, is essential for domestic … Read more
File photo: Union finance minister Nirmala Sitharaman Finance minister Nirmala Sitharaman is set to present her ninth consecutive Union Budget on February 1, with expectations centred on tax reforms, a revamp of the customs duty structure and measures to support economic growth amid heightened geopolitical uncertainty. The Budget is also expected to outline a clear … Read more