Economy

Total GST refunds rose 6.5% year-on-year to Rs 27,934 crore from Rs 26,225 crore.

Millions of Africans were sold into slavery between the fifteenth and nineteenth century by European traders as part of the Trans-Atlantic trade.

High living expenses and inflation force many students to work part-time to survive. This dual burden has escalated academic pressure, student burnout, and deep economic instability across the country.

There is a hidden commuting cost, especially for women. It is not just about women paying more than men. It is about women paying much more in cities than in villages.

India's proposed Northern High-Speed Rail Corridor could bring major cities across Uttar Pradesh and Bihar closer to Delhi. The planned journey between Delhi and Agra could take just 59 minutes, while passengers may reach Lucknow in approximately 2 hours and 12 minutes.

The Centre has scrapped the Rs 2.50 per litre additional excise duty on petrol exports while raising the diesel export levy by Rs 3. ATF exports will also attract a higher duty, with the revised rates changing the tax structure.

The tariffs on Indian goods rest on powers held by the US President, and most of them do not need Congress, according to a note by ICICI Bank's Economic Research Group.

The move is designed to ensure an uninterrupted supply of cotton for textile mills and garment manufacturers, insulating them from volatile price spikes.

Ethanol manufacturers say fuel production and distribution planning must keep pace with demand for E100-compatible vehicles.

Under the revised framework, Category I FPIs registered under Regulation 5(a)(i) will undergo KYC reviews once every eight years, irrespective of whether they operate in high-risk or non-high-risk jurisdictions. Other Category I investors will move to a two-year review cycle.

The panel will have six months to submit its recommendations.

The Labour Minister will head a Board that includes states, aggregators, employers, civil society groups, trade unions and worker associations.

A look at the Centre's income and spending in the first half of the financial year

Finance Minister Nirmala Sitharaman accused the Congress of using banks to favour politically connected businesses, saying bad loans to companies such as Videocon, Winsome, ABG Shipyard and Kingfisher had left IDBI Bank in poor condition before the NDA government took charge.

The government clarified that the bidders conduct own valuation and submit bids confidentially and independent agencies are hired for fair valuation of the enterprises, which is further used as a measure to evaluate the reasonability of the bids submitted.

India's poverty rate fell sharply between 2011 and 2023, lifting 496 million people out of poverty, but wage inequality persists, with the top 10% of workers earning 13 times more than the bottom 10%.

The review, released by the Department of Economic Affairs, said India's growth momentum has held firm even as the global economy slows in the aftermath of the conflict in the Middle East.

Food inflation jumped to 7.74% in September as onion prices surged 108% and sugar rose 30%. The RBI's 25-basis-point rate hike faces a test amid rising commodity prices.

US Fed Meeting Live Updates: Track the Fed's rate decision, Kevin Warsh's comments and the impact on the US dollar, Wall Street and global markets.

Warsh avoided committing to a particular course of action for the December meeting, saying the Fed's decisions would remain dependent on incoming data.