Economy News ( English version)

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  • Staffing industry urges finance ministry to lower GST slab to 5% July 6, 2025
    The Indian Staffing Federation (ISF) has appealed to the finance ministry to lower the GST rate on employment services from 18% to 5%. ISF argues that this reduction would boost formal job creation, enhance the staffing industry's competitiveness, and align with national employment goals. They believe the change would have minimal impact on overall GST […]
  • Private investments flat, but pickup in demand seen: CII Chief Rajiv Memani July 6, 2025
    Rajiv Memani of CII reports that private investment remained stable recently. However, a revival is expected due to increased demand and lower interest rates. New projects worth Rupees 3.5 lakh crore were announced in the June quarter. CII suggests GST reforms and standard audit procedures for MSMEs.
  • India-US likely to take final decision on mini trade deal within 48 hours, CNBC-TV18 reports July 6, 2025
    India and the United States may finalize a mini trade deal in the next 48 hours. CNBC-TV18 reports that discussions are complete. Negotiations for a larger deal will commence after July 9. The mini trade deal is expected to have average tariffs of 10%. Sources familiar with the matter provided this information. Further details are awaited as the situation de […]
  • India could reach $9.82 trillion in economic activity by 2035: PwC report July 6, 2025
    PwC India's report reveals that Indian businesses could unlock $9.82 trillion in economic value by 2035 by shifting to domain-led models addressing human and industrial needs. This approach encourages cross-sector collaboration and innovation across areas like manufacturing, construction, and healthcare. The report provides a framework for businesses to […]
  • GST on Jammu and Kashmir's handlooms, handicraft products may be cut to 5%, says Piyush Goyal July 6, 2025
    Union Minister Piyush Goyal pledged to recommend a GST reduction on handicrafts and handlooms in Jammu and Kashmir. He addressed the FTII Traders Conclave 2025 in Srinagar. Goyal also announced a Centre of Excellence for Packaging and Design. Discussions included setting up a Centre of Excellence for storage technology. He assured support for startups and ne […]

 

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