Amid mounting complaints from taxpayers over delayed income tax refunds for the assessment year 2025–26, the Income Tax Department has attributed the slowdown to a surge in ineligible deduction and exemption claims, urging affected individuals to file revised returns by December 31. The clarification comes as social media platforms and…
Tag: #IndianEconomy
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India New Zealand FTA Explained: Zero Duty Big Gains for India
India and New Zealand have finalised a landmark Free Trade Agreement (FTA) that promises zero-duty access on 100 percent of Indian exports to New Zealand, marking a major breakthrough in bilateral economic relations. Announced following a telephonic conversation between Prime Minister Narendra Modi and New Zealand Prime Minister Christopher Luxon,…
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RBI Steps In to Support Rupee as Bonds Track Policy Moves
The Indian rupee is expected to remain supported in the near term after strong intervention by the Reserve Bank of India (RBI), even as bond markets closely monitor the central bank’s liquidity actions and offshore investment flows. The coordinated moves by the RBI have helped arrest a sharp depreciation trend…
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Parliament Passes Sabka Bima Sabki Raksha Bill 2025
New Delhi: Parliament has passed the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025 on 17th December 2025, marking a significant reform in India’s insurance sector. The bill amends three key Acts the Insurance Act, 1938, the Life Insurance Corporation Act, 1956, and the Insurance Regulatory and Development…
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NSO Holds All-India Trainers Workshop for ASUSE & PLFS 2026
New Delhi: The National Statistics Office (NSO) has taken a key preparatory step towards India’s next major socio-economic data collection exercise by organizing an All-India Workshop of Trainers (AIWOT) for the Annual Survey of Unincorporated Sector Enterprises (ASUSE) 2026 and the Periodic Labour Force Survey (PLFS) 2026. The one-day workshop…
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India’s Exports Rise 5.43% to $562 Billion in Apr–Nov 2025
New Delhi: India’s exports continued to show resilience amid global uncertainties, with cumulative exports of merchandise and services rising to US$ 562.13 billion during April–November 2025, marking a growth of 5.43% Strong Performance in Merchandise and Services Merchandise exports during April–November 2025 stood at US$ 292.07 billion, compared to US$…
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WPI Inflation Falls to -0.32% in Nov 2025 on Price Easing
India’s wholesale price inflation slipped into negative territory in November 2025, offering relief to policymakers and businesses alike. Official data released by the Department for Promotion of Industry and Internal Trade (DPIIT) shows that the Wholesale Price Index (WPI)-based inflation declined to (-) 0.32 per cent year-on-year, compared to (-)…
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Govt Eases QCO Norms, Boosts Credit Support for MSMEs
The Government of India has rolled out Quality Control Orders (QCOs) in a phased manner with wide-ranging exemptions and relaxations for Micro, Small and Medium Enterprises (MSMEs), ensuring that domestic manufacturing and production remain unaffected. The measures are being implemented through the Bureau of Indian Standards (BIS) under the Department…
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PM Greets Thiru Rajinikanth on His 75th Birthday
Prime Minister Narendra Modi extended warm greetings to veteran actor Thiru Rajinikanth on the occasion of his 75th birthday on Friday, December 12, 2025. In posts shared on X, the Prime Minister lauded Rajinikanth’s remarkable body of work and noted the special significance of the year, which also marks the…
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NITI Aayog Report: Deepening India’s Corporate Bond Market
NITI Aayog on 11 December 2025 released a comprehensive report titled “Deepening the Corporate Bond Market in India,” presenting a sequenced, reform-oriented roadmap to expand issuance, boost liquidity, and widen investor participation. The report unveiled in New Delhi by NITI Aayog CEO Shri B.V.R. Subrahmanyam sets out practical policy measures…