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business

EU unveils wide-ranging plan to strengthen partnership with India in trade, technology and defense

The European Union’s new roadmap aims to fast-track a free trade pact, expand defence cooperation and deepen ties in emerging technologies and global connectivity.

Goods and Services Tax

Tobacco cess to stay until pandemic loans repaid, GST Council clears two-slab structure

Finance Minister says tax overhaul puts ‘common man’ first as economists warn of revenue strain.

GST

GST 2.0 ushers in sweeping tax cuts and simpler two-slab regime from September 22

Council scraps 12% and 28% slabs, exempts life and health insurance, and slashes rates on household goods to ease burden on families and businesses.

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.