NEW DELHI: PM Narendra Modi‘s announcement of a GST revamp is set to push states, especially those ruled by Opposition parties, to agree to the Centre’s rate rationalisation plan, with the finance ministry’s calculations suggesting that the exercise will result in a short-term impact on revenue, which will be more than made up in the…
The Confederation of Indian Industry (CII) has hailed the forthcoming reforms to the Goods and Services Tax (GST) announced by Prime Minister Narendra Modi during his Independence Day address from the Red Fort.Chandrajit Banerjee, director general of CII, said in a statement, “On behalf of Indian industry, CII warmly welcomes the Hon’ble Prime Minister’s visionary…
India’s electronics exports have hit a major milestone, recording a sharp jump in the first quarter of the financial year 2025-26.Union commerce and industry minister Piyush Goyal announced on social media platform X that exports touched $12.4 billion, marking a surge of more than 47% compared with the same period in 2024-25.“Our electronics exports have…
Samsung is deepening its manufacturing footprint in India, highlighting the country’s importance in the global electronics supply chain.Union minister Ashwini Vaishnaw said on Saturday that the South Korean technology major is adding to its production portfolio in India. The company already operates its second-largest mobile phone plant worldwide in the country and stands as India’s…
MUMBAI: An IndiGo A321 aircraft, operating a flight from Bangkok, suffered a tail strike when landing in Mumbai in heavy rains in the early hours of Saturday.IndiGo flight 6E1060 departed Bangkok at 11.40 pm and landed in Mumbai around 3 am. But before it could touch down on runway 27 of the airport, the aircraft…
Prime Minister Narendra Modi is set to inaugurate two major National Highway projects in Delhi on Sunday, with a combined value of nearly Rs 11,000 crore. The inauguration marks a significant step in government’s broader plan to ease congestion in the capital and improve connectivity across the region.The projects: the Delhi section of the Dwarka…
Independence Day discounts gave India’s retail sector a much-needed boost, with footfalls and sales rising by 8-10% year-on-year across key shopping destinations. Industry executives say the revival in entry-to-mid segment demand has raised hopes of a strong festive season ahead.Electronics, particularly in affordable categories, along with groceries and apparel have seen healthy growth. Restaurants, too,…
India’s business community has warmly welcomed Prime Minister Narendra Modi’s announcement to overhaul the Goods and Services Tax (GST), describing it as a crucial step towards boosting demand, cutting compliance burdens and supporting growth.In his Independence Day address from the Red Fort, PM Modi said the government will simplify the GST framework by reducing the…
India’s semiconductor plans are beginning to take shape, with a deliberate focus on producing mature-node chips rather than competing in the global race for cutting-edge technology. The country is targeting the 28nm to 65nm range to meet rising demand in sectors such as automotive, telecommunications, and industrial electronics.An analysis by Bastion Research cited by news…
New Delhi: An IndiGo Airbus A321 (VT-ICM) suffered a tail strike during landing in Mumbai on Saturday morning amid heavy rain. The aircraft was flying in from Bangkok as 6E 1060 and it executed a low level go-around (aborted landing) when the tail strike happened. The plane landed safely in the second attempt just after…