The United States’ imposition of a 25% tariff on Indian goods, starting August 1, alongside penalties for Russian oil and military equipment purchases, threatens India’s economic growth. Key export sectors like pharmaceuticals, marine products, and textiles are expected to be significantly affected.
US President Trump, frustrated with stalled trade negotiations with India, has announced a 25% tariff on Indian goods starting August 1st. This decision stems from concerns over India’s high tariffs, non-monetary trade barriers, and continued reliance on Russia for energy and military equipment.
The Indian Banks’ Association’s proposal for a five-day work week in banks, declaring all Saturdays as holidays, is under government consideration. While the finance ministry acknowledges the proposal, it clarifies that implementation is pending, denying staff shortages as a hindrance. The decision, driven by calls for improved work-life balance, awaits further consultations and final approval.
Trade experts criticize Donald Trump’s tariff threats to India. Professor Joshi calls them ‘arm-twisting’ tactics. He warns against opening Indian dairy and agriculture sectors to the US. Joshi praises the India-UK Free Trade Agreement as a balanced model. The India-UK deal reduces duties on products. This agreement sets a benchmark for global trade.
T N Manoharan, a prominent figure in Indian finance, is no more. He was known for his role in recovering Satyam Computers after a major fraud. Manoharan also served as chairman of IDBI Bank and contributed to Canara Bank. He received the Padma Shri for his service. His expertise spanned accountancy, banking, and corporate governance.
With the US tariff deadline looming, an India-US trade deal appears unlikely, though a last-minute breakthrough remains possible. Trump has hinted at tariffs of 20-25% on Indian goods, while India anticipates these as a temporary measure during ongoing negotiations. Sticking points include agriculture and dairy sectors, with the US seeking greater market access.
The Income Tax Department has facilitated ITR-U filings for AY 2021-22 and 2022-23, extending the correction window to 48 months as per the Finance Act, 2025. Taxpayers can now rectify errors by paying additional taxes, with penalties varying based on the filing timeline. However, certain restrictions apply, including limitations on nil returns and cases involving…
A recent study reveals that CEO compensation in India’s listed companies has surged to Rs 7.2 crore, marking a 9% CAGR over the last decade, while CFO pay reached Rs 2.3 crore. Manufacturing CEOs and service-sector CFOs lead in earnings, with northern India offering the highest executive pay. Multinational firms provide significantly higher compensation packages…
EU sanctions on Russia are poised to significantly impact Indian refiners, potentially limiting their market access. An ICRA report highlights that India’s petroleum product exports to the EU, which reached USD 14.3 billion in fiscal year 2025, could be affected.
Microsoft has restored IT services to Nayara Energy, an Indian oil refinery backed by Russia, after a lawsuit was filed due to service suspension following EU sanctions. The sanctions have significantly impacted Nayara’s operations, leading to reduced refinery activities. Microsoft confirmed the restoration of services after Nayara’s lawyer informed a New Delhi court that the…
