The Central Board of Indirect Taxes and Customs (CBIC) has operationalised a series of policy reforms introduced in the Union Budget 2026-27 for the express and courier sector, aimed at improving trade facilitation, reducing clearance time and strengthening digitisation, CBIC…
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India’s net direct tax collections grew 14.64 per cent year-on-year to Rs 5.21 lakh crore as of June 17 in the current financial year (FY 2026-27), led by strong growth in both corporate and non-corporate tax collections, according to data…
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Gold prices dipped on Friday, heading for a third consecutive weekly loss, pressured by a strengthening dollar and hawkish signals from the U.S. Federal Reserve. The Fed’s projections indicate a potential rate hike this year, impacting the non-yielding metal. Meanwhile,…
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Indian textile exporters anticipate a significant boost in the UK market. The new India-UK trade deal, effective July 15, offers zero duty access. This move is expected to double India’s market share in the UK within three to five years.…
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India is experiencing a significant rainfall deficit. The southwest monsoon has stalled, causing concern nationwide. This slowdown is attributed to several meteorological factors. The situation poses challenges for kharif crops. Authorities are preparing contingency plans for farmers. Water conservation and…
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India’s textile sector is showing promising growth. The Production-Linked Incentive scheme is boosting local manufacturing. Imports of specific items have dropped significantly. Exports of value-added textile products have nearly tripled. This initiative is helping India reduce reliance on imports and…
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