Israel’s Finance Minister Bezalel Smotrich is visiting India to sign a Bilateral Investment Treaty (BIT), a move seen as paving the way for a future Free Trade Agreement (FTA). The BIT aims to protect investors and boost economic cooperation between the two nations. Both countries also aim to collaborate in fintech and project financing in […]
Food delivery in India is becoming more expensive as Zomato, Swiggy, and magicpin have increased their platform fees just before the festive season. Additionally, an 18% GST on delivery charges, effective from September 22, will further raise the cost of ordering food online. These changes raise concerns about the affordability and convenience of food delivery
US Treasury Secretary Scott Bessent has urged the European Union to join the US in increasing pressure on Russia, hinting at potential tariffs on nations buying Russian oil. The Trump administration has already imposed significant tariffs on India for its Russian oil trade.
Indian urban households are predicted to significantly increase online shopping this festive season, driven by recent GST rate reductions on white goods and electronics. A LocalCircles report anticipates a 115% surge in online shoppers, with overall festive spending projected at Rs 2.19 lakh crore. While physical stores remain relevant, convenience and better prices are drawing
Eight key OPEC+ members, including Saudi Arabia and Russia, plan to increase oil production by 137,000 barrels per day starting next month, despite sliding oil prices and concerns about oversupply. This decision signals a shift towards prioritizing market share over price support, surprising markets and raising questions about the alliance’s unity amid geopolitical tensions and
Oil markets: OPEC+ to ramp up oil production; 1,37,000 barrels per day more from October Read More »
Mahindra & Mahindra has announced price reductions of up to Rs 1.56 lakh across its passenger vehicle range, effective September 6, passing on the benefits of the revised GST structure cleared on September 3. The price cuts impact models like Bolero/Neo, XUV3XO, Thar, Scorpio, and XUV700, ensuring customers receive the full benefit of the GST
RBI announced premature redemption for Sovereign Gold Bond 2020-21 Series VI investors on September 6, 2025, at Rs 10,610 per unit. The redemption price is based on the average gold price from September 3-5, 2025. Investors will receive a 107.35% return, excluding the 2.5% annual interest, on bonds issued at Rs 5,117 per gram.
A high-level committee has proposed a simplified process for low-value investor claims to the IEPFA, potentially reducing timelines and enhancing transparency. The recommendations, once adopted, would apply to claims valued up to Rs 5 lakh in physical securities, Rs 15 lakh in demat securities, and dividends up to Rs 10,000. This initiative aims to deliver
Sweeping GST reforms are set to boost India’s cooperative and farm sectors by reducing costs and increasing demand, according to the Ministry of Cooperation. Dairy products, food processing items, and agricultural inputs will see significant tax cuts. These changes aim to benefit rural enterprises, FPOs, and women-led self-help groups, while promoting sustainable farming practices and
GST reforms to boost dairy and fertiliser sectors; lower household costs, aid farmers Read More »
Indians increasingly worry about retirement savings amid rising life expectancy and medical costs. Generating a Rs 1 lakh monthly income requires a corpus of Rs 1-2 crore, depending on risk appetite and investment choices. Strategies involving diversified equity funds, annuities, and systematic withdrawal plans can help achieve this goal while preserving capital and adjusting for
