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India scores first S&P upgrade in 18 years amid tariff jitters

New Delhi, Aug. 14 -- S&P Global Ratings awarded India its first rating upgrade in 18 years, signalling confidence in the country's ability to ride out global shocks, including US tariffs, citing its ... Read More


WPI inflation falls to 25-month low on softer food prices

NEW DELHI, Aug. 14 -- India's wholesale price index (WPI)-based inflation slipped to a 25-month low of -0.58% in July, marking a second straight month in negative territory, provisional data from the ... Read More


India's merchandise trade deficit touches $27.35 billion in July

New Delhi, Aug. 14 -- India's merchandise trade deficit touched $27.35 billion in July as exporters braced for Trump's trade offensive with additional duties set to kick in on 27 August. Merchandise ... Read More


15th Finance Commission's tax share rejig boosts Bihar, Maha; Karnataka hit

New Delhi, Aug. 13 -- Seven states have seen their share of the divisible tax pool shrink, while 21 have gained under the 15th Finance Commission's 2021-26 award compared with the previous allocation,... Read More


15th Finance Commission's tax share rejig boosts Bihar, Maharashtra; Karnataka hit

New Delhi, Aug. 13 -- Seven states have seen their share of the divisible tax pool shrink, while 21 have gained under the 15th Finance Commission's 2021-26 award compared with the previous allocation,... Read More


India's direct tax mop-up slips 4% as refunds surge

NEW DELHI, Aug. 13 -- India's direct tax collections showed early signs of strain in the first five months of the ongoing fiscal year (2025-26), with higher refunds tempering revenue growth, data from... Read More


New Income Tax Bill cleared by Parliament, awaits President's nod

New Delhi, Aug. 12 -- The Rajya Sabha on Tuesday passed the Income Tax Bill, 2025, a day after the Lok Sabha cleared it, paving the way to replace the previous six-decade-old law. It now awaits Presi... Read More


India's direct tax mop-up slips nearly 4% as refunds surge

New Delhi, Aug. 12 -- India's direct tax collections showed early signs of strain in the first five months of the ongoing fiscal year (2025-26), with higher refunds tempering revenue growth, data from... Read More


Retail inflation eases to 1.55% in July

New Delhi, Aug. 12 -- Retail inflation, as measured by the Consumer Price Index (CPI), eased to 1.55% in July, according to data released by the Ministry of Statistics and Programme Implementation (Mo... Read More


Industry body flags EPFO's facial authentication rule

New Delhi, Aug. 9 -- The Association of Industries and Institutions (New Delhi) has urged the government to reconsider a directive by the Employees' Provident Fund Organisation mandating (EPFO) Aadhaa... Read More