India has said that credibility of the World Trade Organization (WTO) depends on consensus-based decision-making, calling for reforms that are transparent and inclusive to address challenges such as divisions among…
Category: Economy
In a fillip for e-commerce export, India eases norms for couriers
New Delhi: India has removed the ₹10 lakh cap on export by courier firms and enabled the return of uncleared parcels to senders from 1 April, easing shipment constraints and…
Mint Explainer: What income tax changes will kick in from 1 April?
A simpler income tax law will come into force from 1 April, along with other changes announced in this year’s Budget including higher benefit of deductions for salaried tax payers…
Farmer unions flag concerns over how a ban on loose diesel sales will hurt harvest season
New Delhi: Farmer lobbies have raised concerns about the strict implementation of curbs on the sale of diesel in portable containers amid the West Asia war, citing increased usage to…
Washington state’s 9.9% millionaires tax signed into law: What it means for residents
Governor Bob Ferguson made history as Washington became the first state to introduce income tax of its kind. Washington State has taken a dramatic step toward reshaping its tax landscape,…
India taps new sources to plug fertilizer gap ahead of kharif season
New Delhi: India currently has around 18 million tonnes (mt) of fertilizer in stock, compared with the 39 mt required for the upcoming kharif season starting in June, a senior…
Electronics makers wait for war impact as commodity prices rise
New Delhi: India’s electronics manufacturing services (EMS) firms are in wait-and-watch mode as the West Asia war disrupts the tech component supply chain and pushes commodity prices upward. While Dixon…
India’s Apr-Feb fiscal deficit hits 80% of FY26 target
India’s fiscal deficit for the April-February period of 2025-26 stood at ₹12.5 trillion, or 80.4% of the revised estimates (RE), according to data released by the Controller General of Accounts…
India’s industrial production grows 5.2% in February
India’s industrial production growth accelerated to 5.2% year-on-year in February 2026, marking a two-month high, led by a robust expansion in manufacturing and supported by moderate growth in mining and…