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In a bid to speed up scientific research and enhance institutional autonomy, the Centre has revised financial ceilings under the General Financial Rules (GFRs) for procurement of scientific equipment and consumables, ANI reported on Friday. The Finance Ministry notified that vice-chancellors, directors, and academic institutions under specified departments and ministries will now be allowed to…
A surge in budget allocation and sustained policy focus over the past 11 years has led to a wide-ranging transformation in India’s agricultural sector, the Centre said on Saturday, crediting flagship schemes with driving output, procurement, and farmer support to new highs.In an official statement, the government said its agri reforms have empowered farmers and…
In a significant compliance shift under the Goods and Services Tax regime, the GST Network (GSTN) on Saturday announced that the monthly GST payment form GSTR-3B will become non-editable from the July 2025 tax period onward. Starting with returns filed in August 2025, taxpayers will no longer be able to manually alter the tax liability…
China has issued temporary export permits to rare-earth suppliers serving the three largest US automobile manufacturers. (AI image) Are the US and China finally moving towards some trade agreement? Chinese President Xi Jinping has consented to permit the export of rare earth minerals and magnets to the United States, according to US President Donald Trump‘s…
As political tensions flare, experts warn that Elon Musk’s empire, built on public funding, could face steep fallout. At the intersection of ambition and politics, Elon Musk’s multibillion-dollar space and electric vehicle empire may soon be at the mercy of President Donald Trump. Despite being a vocal critic of government subsidies, Musk’s companies—SpaceX and Tesla—have…
US stocks edged higher early Friday after the May jobs report, which showed slower hiring amid ongoing economic uncertainty fuelled by President Donald Trump’s aggressive trade policies and a high-profile feud with billionaire Elon Musk.The Dow Jones Industrial Average (DJIA) jumped 431 points to 42,750.83, a gain of 1.02%, while the Nasdaq Composite surged 1.19%,…
US President Donald Trump launched a sharp attack on Federal Reserve Chair Jerome Powell on Friday, calling him “a disaster” and demanding an immediate one percentage point rate cut to slash borrowing costs. His outburst came as Wall Street rallied on stronger-than-expected jobs data, with investors weighing the Fed’s next move amid rising political pressure…
BENGALURU: The Director General of GST Intelligence (DGGI) has closed the pre-show cause notice proceedings against Infosys in the Rs 32,000-crore tax controversy. “In continuation of our earlier communications on July 31, 2024, Aug 1, 2024, and Aug 3, 2024, on GST, this is to inform that the company today received a communication from the…
MUMBAI: RBI on Friday issued revised norms for loans backed by gold and silver, aimed at widening credit access for small borrowers and standardising regulations across banks and NBFCs. The new rules will come into force from April 1, 2026.Under the revised framework, loan-to-value (LTV) ratio for smaller consumption loans has been increased. Borrowers can…
MUMBAI: The sensex rallied 747 points (0.9%) on Friday to close at 82,189 points after RBI cut interest rate by 50 basis points (100bps = 1 percentage point), a move that market players feel has the potential to spur economic growth with loans becoming cheaper. Banking and financial stocks led the day’s rally that added…
