The Vice-President of India, Shri C. P. Radhakrishnan, was briefed today by the Ministry of Micro, Small and Medium Enterprises (MSME) on the sector’s key achievements, its critical importance to India’s economy, and ongoing initiatives aimed at strengthening grassroots entrepreneurship. The meeting took place at Parliament House, where Union MSME…
Tag: #IndiaEconomy
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J&K to Launch First Limestone Block Auction on Nov 24
The Union Territory of Jammu & Kashmir is set to mark a major milestone in its industrial growth as it prepares to launch the first-ever auction of limestone mineral blocks on November 24, 2025. The roadshow and formal launch event will take place in Jammu, led by Union Minister of…
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MoSPI Discussion Paper: National Accounts Base Year 2022–23
The Ministry of Statistics and Programme Implementation (MoSPI) has released a discussion paper outlining methodological improvements in compiling national accounts using the production and income approaches. The paper precedes the launch of a revised national accounts series with fiscal year 2022–23 as the base year, scheduled for 27 February 2026….
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Goyal Frames Three Pillars at CII Partnership Summit
Union Commerce Minister Piyush Goyal urged freer investment flows, deeper technology ties and transparent governance to strengthen global partnerships at the CII Summit in Visakhapatnam. Union Minister of Commerce and Industry Shri Piyush Goyal engaged with global leaders and industry delegations on trade and investment on the sidelines of the…
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NFRA issues Audit Practice Toolkit to raise audit quality
The National Financial Reporting Authority (NFRA) on 3 November 2025 released an Audit Practice Toolkit aimed specifically at small and medium audit practitioners to strengthen audit planning and documentation. The toolkit focuses first on drafting an audit strategy memorandum that reflects the risk profile of the auditee and can be…
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Union Cabinet Approves Terms of Reference for 8th Pay Commission
The Union Cabinet on Tuesday approved the Terms of Reference (ToR) for the 8th Central Pay Commission, setting the scope and deadline for the much-anticipated review of salaries, allowances and pensions of central government employees and pensioners. The Commission is expected to deliver its recommendations within 18 months of its…
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India-US Trade Deal “Very Near”; Few Issues Remain: Official
New Delhi: Economic ties between India and the United States are on the cusp of a breakthrough as officials from both countries say a long-pending bilateral trade deal is “very near” conclusion. An unnamed government official told reporters on 24 October 2025 that both sides are now “converging on most…
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KEC 2025: India Charts Path to Prosperity in Turbulent Times
The Fourth Kautilya Economic Conclave (KEC 2025) will be inaugurated by Union Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman on October 3, 2025, at the Taj Palace, New Delhi. The conclave, themed “Seeking Prosperity in Turbulent Times,” will run until October 5 and bring together domestic and international policymakers,…
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New GST Rates 2025: What Gets Cheaper This Navratri
India’s landmark Goods and Services Tax (GST) reforms came into effect today, September 22, with a major rate restructuring that reduces the number of slabs from four to two. Most goods and services will now be taxed at either 5% or 18%, while a special 40% rate will apply to…
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GST 2.0 to Return ₹2 Lakh Cr to Public: FM
Madurai, Tamil Nadu: Union Finance Minister Nirmala Sitharaman has announced that the upcoming GST 2.0 reforms, set to come into effect from September 22, 2025, will put nearly ₹2 lakh crore directly into the hands of the public, boosting domestic consumption and supporting economic growth. Addressing the 80th anniversary of…