Business

[ad_1] A key change in the 16th Finance Commission lineup was announced on Saturday with RBI Deputy Governor T Rabi Sankar appointed as a part-time member, following the resignation of Ajay Narayan Jha on personal grounds.In a notification issued by the Department of Economic Affairs, the Finance Ministry stated, “In pursuance of clause (1) of…

[ad_1] In a bid to speed up scientific research and enhance institutional autonomy, the Centre has revised financial ceilings under the General Financial Rules (GFRs) for procurement of scientific equipment and consumables, ANI reported on Friday. The Finance Ministry notified that vice-chancellors, directors, and academic institutions under specified departments and ministries will now be allowed…

[ad_1] A surge in budget allocation and sustained policy focus over the past 11 years has led to a wide-ranging transformation in India’s agricultural sector, the Centre said on Saturday, crediting flagship schemes with driving output, procurement, and farmer support to new highs.In an official statement, the government said its agri reforms have empowered farmers…

[ad_1] Starting with the July 2025 tax period, Goods and Services Tax (GST) returns will become time-barred after three years from the original due date, the GST Network (GSTN) said in an advisory issued Saturday. This means taxpayers will no longer be able to file monthly or annual returns beyond that window, with the restriction…

[ad_1] US stocks edged higher early Friday after the May jobs report, which showed slower hiring amid ongoing economic uncertainty fuelled by President Donald Trump’s aggressive trade policies and a high-profile feud with billionaire Elon Musk.The Dow Jones Industrial Average (DJIA) jumped 431 points to 42,750.83, a gain of 1.02%, while the Nasdaq Composite surged…

[ad_1] US President Donald Trump launched a sharp attack on Federal Reserve Chair Jerome Powell on Friday, calling him “a disaster” and demanding an immediate one percentage point rate cut to slash borrowing costs. His outburst came as Wall Street rallied on stronger-than-expected jobs data, with investors weighing the Fed’s next move amid rising political…

[ad_1] BENGALURU: The Director General of GST Intelligence (DGGI) has closed the pre-show cause notice proceedings against Infosys in the Rs 32,000-crore tax controversy. “In continuation of our earlier communications on July 31, 2024, Aug 1, 2024, and Aug 3, 2024, on GST, this is to inform that the company today received a communication from…

[ad_1] MUMBAI: RBI on Friday issued revised norms for loans backed by gold and silver, aimed at widening credit access for small borrowers and standardising regulations across banks and NBFCs. The new rules will come into force from April 1, 2026.Under the revised framework, loan-to-value (LTV) ratio for smaller consumption loans has been increased. Borrowers…

[ad_1] MUMBAI: The sensex rallied 747 points (0.9%) on Friday to close at 82,189 points after RBI cut interest rate by 50 basis points (100bps = 1 percentage point), a move that market players feel has the potential to spur economic growth with loans becoming cheaper. Banking and financial stocks led the day’s rally that…

[ad_1] Donald Trump and Xi Jinping US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and US Trade Representative Jamieson Greer are all set to meet officials in London on Monday for trade negotiations, President Donald Trump announced on Friday.“The meeting should go very well,” the president wrote on Truth Social on Friday afternoon. “Thank…