Niti Aayog envisions India achieving self-sufficiency in pulses by 2030 and doubling production by 2047, projecting a surplus through targeted interventions like crop clustering and high-quality seed distribution. The strategy emphasizes climate adaptation, data-led monitoring, and promoting pulse consumption to align with nutritional recommendations.
Gold prices in the national capital surged by Rs 900, reaching Rs 1,06,970 per 10 grams, driven by a weaker rupee, firm global trends, and anticipation of a US Federal Reserve rate cut. Silver prices remained steady, while global spot gold neared record highs amid expectations of lower US interest rates and safe-haven demand due
The Gem and Jewellery Export Promotion Council says that recent GST reforms have eased costs for the diamond and jewellery sector. The government’s move to exempt imports of natural cut and polished diamonds will ease working capital pressures. GST reduction on jewellery boxes will lower costs for retailers and exporters.
India’s food processing sector is poised for significant growth, projected to reach $535 billion by FY26, driven by rising consumption and government support. The organic food market is expected to surge, with a CAGR of 20.13% to $10.8 billion by 2033.
Tesla’s CEO, Elon Musk, could receive a payout potentially worth $1 trillion if the company achieves ambitious goals over the next decade, as outlined in a recent regulatory filing. These targets include reaching a $2 trillion market cap, delivering 20 million vehicles, and deploying one million robotaxis. This proposal comes amidst declining sales, increased competition,
India’s GST rationalization, effective September 22, aims to boost consumption and growth by compressing the rate structure. Business leaders anticipate it will soften the impact of US tariffs and stimulate demand, benefiting sectors like FMCG and retail. Economists note uneven tax receipts, while others predict a strong policy push alongside recent rate cuts.
Indian jewellers have expressed mixed reactions to the government’s decision to maintain the 3% GST rate on gems and jewellery. While some industry leaders believe that reduced GST rates in other sectors will indirectly boost demand and consumer spending, others worry that the unchanged rate will hinder growth and affordability, especially during the festive season.
The US trade deficit surged to a four-month high in July, climbing 32.5% to $78.3 billion, as businesses accelerated imports in anticipation of new tariffs imposed by President Trump. Imports saw a significant jump, particularly in gold and capital goods related to AI, while exports experienced only a slight increase.
US jobless claims edged up to 237,000 for the week ending August 30th, slightly above economists’ predictions, signaling a potential slowdown despite employers largely retaining staff. Hiring has weakened, leading to a ‘no hire, no fire’ dynamic, with attention now focused on the upcoming August employment report.
Many taxpayers are confused about Form 10-IEA, which is required for opting in or out of the new tax regime, especially those with business income using ITR3 or ITR4. Missing the filing deadline results in default assessment under the new regime, potentially costing taxpayers refunds as deductions are not considered. Frequent rule changes have further
