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Goods and Services Tax

GST tangle deepens: Food delivery faces 18% levy, ride-hailing apps still in grey zone

As Zomato and Swiggy brace for higher taxes, Uber, Ola and Rapido seek clarity on passenger GST under the subscription model.

Philippines’ move clears path for India’s Basmati rice exports

The Philippines has removed restrictions on Basmati rice imports from India, aiming to strengthen bilateral trade, enhance food security, and boost agricultural exports, including rice, fruits, vegetables, and other key Indian products.

Dream11 CEO says 95% of revenues wiped out by new online gaming law

With the enactment of the Promotion and Regulation of Online Gaming Bill, 2025, Dream11's core revenue stream has been significantly affected.

India–Russia trade surges fivefold to $68 billion, but deficit balloons to $59 billion, says Jaishankar

Amid US tariffs on Indian goods tied to its Russian oil imports, External Affairs Minister Jaishankar urges broader market access for Indian exports as bilateral trade soars.

 18% Goods and Services Tax

GST cut on health, term insurance on the cards

Government mulls scrapping 18% levy or reducing it to 5%; move could slash premiums, boost coverage and widen insurance reach.

former Reserve Bank of India (RBI) governor

Trump tariffs could shave 50 bps off India’s growth, worsen jobless recovery, says former RBI governor

Duvvuri Subbarao warns of export shock, rising borrowing costs, and reputational risks from US rhetoric.

Diamond hub

Surat diamond hub faces US tariff blow as exports and jobs hang in balance

A sudden 50% tariff on Indian polished diamonds threatens to wipe billions from exports, slash lakhs of jobs and shake the very foundations of the world’s largest cutting and polishing hub.

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