Russian President Vladimir Putin announced his upcoming visit to India in December and expressed his intention to address the trade imbalance between the two countries, particularly concerning India's crude oil imports from Russia. He also lauded India's independent stance on international issues and highlighted the strong relationship between the two nations.
Since items in the 12% category account for only about 5% of total GST, the additional boost to consumption may not be significant, points out M Govinda Rao.
Bolton slammed Trump's tariff policy, asserting that it has "shredded" decades of Western efforts to align India away from its Cold War ties with the then Soviet Union (Russia) and address the growing threat from China.
Climate activist Sonam Wangchuk was arrested Friday by a police party in Leh, two days after violent protests by supporters of the movement for statehood and extension of Sixth Schedule of Constitution left four persons dead and 90 others injured, officials said.
These changes certainly bring India's GST a lot closer to what an ideal GST would look like, points out Karan Bhasin.
The proposed 'Next Gen GST' with sweeping reforms, lower tax rates, and just two slabs, aims to boost the economy amid tariff threats and set the stage for a single tax rate regime by the time India becomes a developed nation, government sources said.
Climate activist Sonam Wangchuk called off his hunger strike as protests for Ladakh statehood and Sixth Schedule extension turned violent. The BJP office was set on fire, vehicles were torched, and clashes erupted, leading to the imposition of prohibitory orders.
Finance Minister Nirmala Sitharaman on Tuesday asked fintech firms to focus on risk management at a time when criminals are using AI to mimic voices, clone identities and create lifelike videos to manipulate people.
AIADMK chief Edappadi K Palaniswami has ruled out the possibility of re-inducting expelled leaders like O Panneerselvam, stating that those who "betrayed" the party have no place in it. He also praised the BJP-led Centre for protecting the AIADMK government in 2017.
The GST Council, in its meeting on Saturday, is likely to decide on reducing tax rates on life and health insurance premiums, while hiking it on high-end wrist watches, shoes and apparels, besides considering a separate 35 per cent tax slab for sin goods. The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, is likely to discuss rate rejig in about 148 items, besides, it will also deliberate on bringing Aviation Turbine Fuel (ATF), a major component for airline industry's operation cost, in the Goods and Services Tax (GST) fold.
The GST Council on Wednesday approved a two-tier rate structure of 5 and 18 per cent, which will be implemented from September 22.
The Rajya Sabha was informed about the Ministry of Home Affairs' notification regarding the resignation of Vice President Jagdeep Dhankhar, with immediate effect.
Reserve Bank of India (RBI) Governor Sanjay Malhotra, with Deputy Governors Poonam Gupta, Swaminathan J, T Rabi Sankar, and M Rajeshwar Rao, responded to a range of queries in the post-policy interaction with the media
Trump also said he is "very disappointed" that India would be buying "so much oil" from Russia.
Mizoram government reiterates its opposition to the Centre's plan to fence the India-Myanmar border and scrap the Free Movement Regime (FMR), citing ethnic ties and concerns for refugees.
The next generation GST reforms would 'absolutely' set an economy open and transparent with further reduction in compliance burden and benefiting small businesses, Union Finance Minister Nirmala Sitharaman said on Tuesday.
The Union Budget 2025-26 has allocated Rs 1,024.30 crore for expenses incurred by the Council of Ministers, the Cabinet Secretariat and the Prime Minister's Office, and for hospitality and entertainment of state guests. The allocated amount is a bit more than the Rs 1,021.83 crore earmarked in 2024-25.
A profile of B Sudershan Reddy, former Supreme Court judge and Opposition's vice presidential candidate, highlighting his career, judgments, and contributions to constitutional law.
Glimpses from around the world that will make you smile and cry.
Shiv Sena (UBT) leader Aaditya Thackeray targeted the BCCI over India Pakistan cricket matches in the Asia Cup
The GST Council on Saturday postponed a decision on cutting tax rate on life and health insurance premiums, officials said. The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, decided that some more technicalities needed to be ironed out and tasked the GoM for further deliberations.
The first-ever Khelo India Water Sports Festival is all set to reveal the iconic Dal Lake in a new avatar.
Some of the key names include: Maruti, M&M, Ashok Leyland, Britannia, Ultratech, JK Cement, Havells, Voltas, Amber, Metro, Trent, LemonTree, Indian Hotels, Niva Bupa, HDFC Life, IGL, Acme Solar, Suzlon, Swiggy, Delhivery, ICICI Bank, HDFC Bank, Bajaj Finance, Shriram Finance," according to a report by Motilal Oswal Financial Services.
Uttar Pradesh's leading export hubs are reeling under the impact of a steep 50 per cent tariff imposed by the US on Indian imports, with exporters warning of job losses, stalled orders and shrinking market access. Industry leaders from Noida, Kanpur and Varanasi said the tariff has put years of painstaking market-building at risk, even as protests and demonstrations erupted in several districts last week.
India's Permanent Representative to the UN Ambassador Parvathaneni Harish said that the Indian sub-continent offers a "stark contrast" in terms of progress, prosperity and development models.
Former Union Sports Minister Anurag Thakur was once again rendered ineligible to contest the Boxing Federation of India (BFI) elections, with his name omitted from the electoral college released on Wednesday for the August 21 polls.
Shiv Sena (UBT) leader Priyanka Chaturvedi on Wednesday alluded to private companies promoting patriotism on one side while profiting off the India-Pakistan cricket matches, as the Army's Colonel Sofiya Qureshi and Air Force's Wing Commander Vyomika Singh are set to appear on an episode of Kaun Banega Crorepati (KBC).
'I am doing the drive in making sure that people pass this on. So the drive is not with distrust. The drive is just in case.' 'Just in case it doesn't get passed on, I am here.'
'It was like rigorously preparing for a solid, good exam...' 'I don't know what marks I will get, but I felt the rigorous preparation of an exam.' 'You may sweat, but I feel rejuvenated.'
Calling itself the "custodian of the Constitution", the Supreme Court on Thursday asked if it could "sit idle" if a constitutional functionary like governor failed to discharge duties, as it reserved its verdict on the presidential reference on grant of assent to bills.
Construction of all ten buildings of the Common Central Secretariat (CCS) is slated for completion in the next 22 months. Several ministries currently housed in Shastri Bhavan, Krishi Bhavan, Nirman Bhavan, and Udyog Bhavan will begin relocating to four new locations. The first building, Kartavya Bhavan, will be inaugurated by Prime Minister Narendra Modi.
Prime Minister Narendra Modi inaugurated Kartavya Bhavan, the first of ten Common Central Secretariat buildings, aiming to consolidate ministries for improved efficiency. The building will house several key ministries, relocating them from older, outdated structures.
The presidents of the United States and France, the prime ministers of Britain, Canada, Italy and Japan, the German chancellor and the heads of the European Council and European Union met in Kananaskis, Alberta, Canada for the 51st G7 Summit on Monday, June 16, 2025.
FHe is the only one among 17 ministers from the outgoing council of ministers who lost the Lok Sabha polls to be reappointed minister.
A controversy has erupted after an NCERT Class 8 textbook depicted present-day Rajasthan as part of the Maratha Empire, drawing criticism from royal families and political leaders who call the depiction factually incorrect and misleading.
New Delhi, while opting not to retaliate yet to the American tariffs, has in recent weeks sought to reinforce its friendship with Moscow, and recalibrate its ties with Beijing rather than surrender to Washington's diktats.
Simplifying GST rates, removing exemptions, easing disputes, and speeding up refunds can boost investment in India and offer the best reply to Trump's tariffs, observes V S Krishnan, former member, Central Board of Indirect Taxes and Customs.
Instead, they argue, three actors shaped the division, "Jinnah, who demanded it; the Congress, which accepted it; and Mountbatten, who formalised and implemented it."
India-US relations, like Rome, were not built in a day, nor can they be demolished in a day.
All said and done, when the new global order emerges, India can only remain with the democracies, asserts Ambassador T P Sreenivasan.
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