Three-day Semicon event brings 300 global companies to New Delhi as India seeks to turn its emerging semiconductor industry into a major manufacturing hub.
Union Finance Minister Nirmala Sitharaman has urged the Indian Tax Research and Advisory Foundation (ITRAF) to make its high-quality commentary on international taxation more visible in policy processes and public discourse. Speaking at ITRAF’s 8th International Tax Conference in Bengaluru, she highlighted the foundation’s decade-long contribution and international engagement.
India and the US have reaffirmed their commitment to strengthening energy security cooperation, with a focus on clean energy, resilient infrastructure and emerging technologies. Union Power Minister Manohar Lal and US Energy Secretary Chris Wright also discussed India’s plans for power infrastructure supporting AI, high-performance computing and data centres, as well as the country’s nuclear expansion roadmap.
The PM Vishwakarma scheme has achieved its target of registering 30 lakh beneficiaries within three years of its launch. More than 24.37 lakh artisans have received basic skill training, while over 18.16 lakh have received toolkits and 6.19 lakh loans worth around Rs 5,316 crore have been sanctioned.
Zerodha CEO Nithin Kamath has described the introduction of Merchant Discount Rate (MDR) on select UPI payments as “probably inevitable” as digital payments expand, while flagging concerns over its impact on stockbrokers. The new framework is set to take effect from October 15, with capital-market UPI transactions attracting a lower MDR of 0.02%, capped at Rs 300
New Zealand Prime Minister Christopher Luxon has welcomed Parliament's approval of legislation to implement the India-New Zealand Free Trade Agreement. The pact will provide duty-free access for 57% of New Zealand exports from day one, while tariffs on 95% of exports will be eliminated or significantly reduced once fully implemented.
Gold and silver prices surged up to 1% on the MCX on Wednesday ahead of the US Federal Reserve's policy decision. Gold futures rose to Rs 1,52,100, while silver climbed to Rs 2,35,988 amid softer crude oil prices, lower US bond yields and ongoing geopolitical tensions.
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