A new study has shed light on how India’s wealthiest individuals significantly underreport their income and, in turn, pay far less in taxes than one might expect based on their vast fortunes. The research, conducted by Ram Singh, director of the Delhi School of Economics and a member of the Reserve Bank of India’s Monetary …
A recent analysis reveals that nearly 30% of Indian exports to the US—valued at around $19 billion—will now face tariffs of 15% or higher, raising fresh concerns for exporters and policymakers alike. This shift follows the US government’s move to introduce a flat 10% import duty across all countries, replacing earlier reciprocal tariff structures. While …
In a recent address at the valedictory ceremony, Union Minister of State for Finance Mr. Pankaj Chaudhary highlighted the substantial impact of the Pradhan Mantri Mudra Yojana (PMMY) over the past decade. Since its launch, PMMY has noted the disbursement of over ₹33 lakh crore (approximately US$ 383.28 billion) in collateral-free loans to over 52 …
India’s agricultural exports to the United States may remain resilient—and even expand—despite newly announced US tariffs, as rival exporting nations face steeper trade barriers, according to leading economists. President Donald Trump recently imposed a 26% “discounted reciprocal tariff” on Indian goods as part of a broader tariff realignment targeting multiple countries. While this move initially …
As per data released by the Society of Indian Automobile Manufacturers (SIAM), the passenger vehicle (PV) sales in India clocked a historic high of 4.3 million units during the year ended March 31, 2025 (FY25), reflecting a growth of 2% over FY24. Rising PV Sales: Key Growth Drivers The growth in passenger vehicles sales has …
India and the United States have taken a major step forward in strengthening their trade ties. The two nations have finalised the Terms of Reference (ToR) to launch the first phase of a bilateral trade agreement (BTA), focusing on reducing tariff and non-tariff barriers. This move marks a fresh chapter in their growing economic partnership. Aiming for $500 …
India’s retail inflation dropped in March 2025 to its lowest level in 5 years, bringing some relief to both consumers and the government. The Consumer Price Index (CPI) showed annual inflation easing to 3.34%, down from 3.61% in February, marking the lowest figure since August 2019. A sharp drop in food prices largely contributed to this decline, …
In response to the RBI’s 50-basis point (bp) cut in the repo rate in 2025, major banks in India have announced reductions in their lending and deposit interest rates. This move is aimed at promoting economic growth and easing financial costs for consumers. HDFC Bank and SBI Revise Deposit Rates HDFC Bank, the largest …
Maharashtra government has reduced the monthly stipend for 8 lakh women beneficiaries under its flagship Mukhya Mantri Majhi Ladki Bahin Yojana. The reduction comes after it was found that these women were also receiving financial assistance under the Namo Shetkari Mahasanman Nidhi (NSMN) scheme. This move is aimed at streamlining welfare distribution and improving the …
UPI has already transformed the way over 450 million Indians make payments. India is now aiming to bring 200–300 million more users onto its flagship Unified Payments Interface (UPI) platform. This move will significantly boost the adoption of digital payments in the country. This will also position UPI as a global standard for real-time payments. …
