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India emerged as one of the fastest-growing wealth markets in the world, as Indian household financial assets rose by 14.5 per cent in 2024 on a YoY basis, according to a recent report. The Allianz Global Wealth Report 2025 revealed that the wealth of Indian households showed the strongest growth in eight years, highlighting the…
US President Donald Trump has posted a cartoon on social media, with his plan to sack Federal Reserve Chairman Jerom Powell. In the photo, Trump is seen saying- You are fired! This case has come to light after Powell’s decision to reduce interest rates. There has been a long conflict between Trump and Powell on…
Prime Minister Narendra Modi on Thursday, September 25, signalled that Goods and Services Tax (GST) reforms would remain an ongoing process, saying the government intends to keep reducing the tax burden as the economy expands. Speaking at the inauguration of the Uttar Pradesh International Trade Show, he said the latest round of changes had already…
Mumbai: The combined market valuation of seven of the country’s 10 most valued companies climbed by Rs 1,18,328.29 crore last week, with State Bank of India and Bharti Airtel emerging as the biggest gainers in an upbeat equity market. During the week, the BSE benchmark index surged 721.53 points, or 0.88 per cent — reflecting…
New Delhi: In a move aimed at reducing confusion and easing compliance, capital markets regulator SEBI on Friday simplified the process of transferring securities from nominees to legal heirs. In a circular issued, the regulator said that from January 1, 2026, all reporting entities, including depositories, listed companies, RTAs and depository participants, will be required…
New Delhi: Gold and silver prices continued their upward march this week, scaling fresh all-time high as concerns over US tariffs and heightened geopolitical tensions kept safe-haven demand strong. According to data from the Indian Bullion and Jewellers Association (IBJA), 24-carat gold closed at Rs 1,09,707 per 10 grams on Friday, registering a sharp gain…
Last Updated:September 05, 2025, 23:50 IST While explaining the intricacies of the Modi government’s GST reform, Nirmala Sitharaman also panned the opposition for chiming in along with some global voices disparaging India Finance Minister Nirmala Sitharaman speaks with Network18 Group Editor-in-Chief Rahul Joshi in an exclusive interview. Image/News18 After executing the monumental task of GST rationalisation…
New Delhi: India has significantly decreased its reliance on imported pulses from 6.61 million tonnes (MT) in 2016-17 to 2.496 MT by 2022-23 driven by government schemes, including the sharp hike in the Minimum Support Price (MSP) on major pulse crops, attracting farmers to increase cultivation, according to a NITI Aayog report. Consequently, the area…
New Delhi: The upcoming changes to the Goods and Services Tax (GST), likely to be announced on Thursday, should trigger a decisive, consumption-led turn in India’s growth cycle, a report said on Wednesday. This adds to earlier stimulus measures like welfare spending and monetary easing, and has secondary benefits like formalisation. According to Emkay Global…
Indian consumers are set to receive a significant boost as the government moves towards simplifying the Goods and Services Tax (GST) structure by reducing the number of tax slabs and lowering rates on several key items. The proposed overhaul aims to rationalise rates by migrating from the current four-tier structure to a simplified two-tier system….