In a move to simplify India’s direct tax laws, the Indian government has withdrawn the Income-Tax Bill, 2025, which was originally introduced on February 13. A new and revised version of the bill is set to be tabled on August 11. The decision to withdraw the initial draft came after a Select Committee, led by … Read more
Trump’s Tariffs Rattle India, PM Modi Vows to Protect Farmers US President Donald Trump has escalated trade tensions by doubling tariffs on India, a move that has sent shockwaves through global markets. The new tariffs, which bring the total levy on many Indian goods to 50%, are in response to India’s continued purchase of Russian … Read more
In a significant blow to Indian exporters, U.S. President Donald Trump has imposed a new 25% tariff on Indian goods, bringing the total duty on many products to 50%. This measure, a penalty for India’s continued purchase of Russian oil, is expected to severely impact several key sectors of India’s economy. The first 25% tariff … Read more
An extensive overhaul of India’s tax system is on the horizon with the introduction of the Income Tax Bill 2025, which was first presented to the Lok Sabha on February 13, 2025. The government’s goal is to modernize tax administration by simplifying laws, reducing litigation, and making compliance easier for everyone. Key Changes and Simplifications … Read more
On August 6, 2025, the Reserve Bank of India (RBI) announced it would keep the repo rate unchanged at 5.5%. This decision, made after the latest Monetary Policy Meeting, holds significant implications for borrowers and investors. For Home Loan Borrowers The news is a relief for both existing and prospective homebuyers. For Investors The RBI’s … Read more
The Misuse of GST Section 74: A Threat to Honest Taxpayers India Inc. is raising serious concerns over the “arbitrary and excessive” use of Section 74 of the Central Goods and Services Tax (CGST) Act. While this provision was designed to target deliberate tax evasion, tax officers are now routinely applying it to a broader … Read more
This news roundup from August 4, 2025, covers a wide range of topics, from the RBI’s economic decisions to celebrity-led business ventures. Economy and Markets The RBI Monetary Policy Committee has begun its August meeting, with market watchers anticipating a potential rate cut. While inflation has moderated, global uncertainty is causing a split in opinion … Read more
India Ramps Up Energy Imports from US Amid Geopolitical Shifts India is significantly increasing its energy imports from the United States, a strategic move to diversify its supply and strengthen bilateral ties. This comes at a time of rising geopolitical tensions and trade disputes, particularly with the US imposing new tariffs. Soaring Crude Oil Imports … Read more
Is the RBI Poised for a Rate Cut on August 6? Economists are Divided With inflation comfortably below 3% and a potential economic slowdown looming, the Reserve Bank of India’s (RBI) upcoming monetary policy meeting is drawing significant attention. While some economists believe a rate cut is imminent to stimulate growth, others are urging the … Read more
