BUSINESS
Government Raises Excise Duty on Petrol and Diesel Amid Global Oil Price Drop
As per the Ministry of Petroleum and Natural Gas, the higher levy will not affect fuel prices at the retail level, as oil marketing firms like Indian Oil Corporation and Bharat Petroleum are reaping better margins due to declining global crude prices.
India and U.S. Aim for Prompt Finalization of Bilateral Trade Agreement
Negotiations between Washington and New Delhi have gained pace in recent weeks, especially after President Donald Trump imposed a 26 percent reciprocal tariff on imports from India. This move comes under a broader U.S. policy to renegotiate trade terms with practically all its worldwide partners.
Trump Vows to Maintain Tariffs Until U.S. Trade Deficit Is Eliminated
His words indicate that the steep import levies—which have raised eyebrows among global markets and business communities worldwide—will be in place for the foreseeable future.
Swiggy Hit with Over ₹165 Crore Tax Demands; Company Anticipates Minimal Financial Impact
In a regulatory disclosure on Saturday, Swiggy announced that it has received a notice from the Professional Tax Officer's Office in Pune raising a demand of ₹7.59 crore.
Centre Poised to Exceed FY25 Capex Target of ₹10.18 Lakh Crore
A top government official in the report said, "The data so far suggests that we are most probably going to surpass the revised target by a very wide margin in absolute terms."
Social media comments linked to Warren Buffett false, Says Berkshire Hathaway
The comments follow US President Donald Trump's account on his social media platform Truth Social posting a video implying Buffett, Chairman of Berkshire Hathaway, supported the US president's economic policies.
JPMorgan Predicts Economic Downturn Amid Tariff Concerns: Job Losses and GDP Slump Expected
The company's chief U.S. economist, Michael Feroli, stated in a Friday night investor report that the GDP of the nation would more likely decline due to the burden imposed by the tariffs.
U.S. Implements New 10% Tariff, Disrupting Global Trade Norms
The initial 10% tariff went into effect at 12:01 a.m. ET (0401 GMT) on all U.S. ports of entry, both seaports and airports, as well as customs centers. This represents an absolute departure by Trump from the post-WWII international system of negotiated tariffs, adopting instead a unilateral approach.
China Retaliates with 34% Tariffs on All U.S. Imports Starting April 10
Multiple media outlets have reported that China's newly announced tariffs will come into effect on April 10.
India’s Forex Reserves Climb to 5-Month High, Hitting $665.4 Billion
This is the fourth straight week of rise in the nation's forex reserves, indicating a turnabout from the previous fall owing to valuation fluctuations and market interventions by the RBI.
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