Maharashtra has cut Value Added Tax on Aviation Turbine Fuel to 7 percent for six months. This decision aims to ease the burden on airlines facing high fuel costs. The move is expected to help stabilize airfares during the summer…
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India’s current account deficit is expected to grow to 2.3 percent of GDP in FY27 from 0.9 percent in FY26. Forex reserves, while substantial, may fall below critical thresholds. Policy actions like fuel price hikes and operationalizing trade deals are…
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Niti Aayog suggests bringing back a 5% GST rate for research and development purchases. This move aims to boost usable funds for research institutions. The proposal also includes increasing India’s R&D spending to at least 2% of GDP within five…
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Reliance Industries is in talks with China’s Contemporary Amperex Technology Co. Limited and other global suppliers to source components for battery energy storage systems as it pushes ahead with its clean energy plans.
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Adani Enterprises has agreed to a $275 million settlement with the US Treasury. This resolves potential civil liability for 32 apparent violations of US sanctions on Iran. The company bought liquefied petroleum gas from a Dubai trader. This gas had…
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The US Treasury on Monday extended by 30 days its sanctions waiver for Russian oil cargoes already at sea, as global energy prices continue to surge due to the Iran war. The United States first issued a sanctions waiver on…
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