Tag: India

More than $140 million worth of goods moved out on the first day, showing how the new trade deal can change export opportunities for businesses and workers.

Though idiomatic in origin, the term 'white elephant' is widely used in public finance to describe inefficient capital investments that yield a negative net social return. This phrase is currently a preferred descriptor among public intellectuals and infrastructure critics questioning the long-term viability of mega-projects.

The Union Cabinet has approved seven big projects  ranging from fertiliser, elevated corridor on rivers in Varanasi to semiconductor and mobile phone manufacturing.

Corporate tax, non-corporate tax, and securities transaction tax all show healthy growth as refunds also increase. Direct tax collections have started FY27 on a strong note, giving a clear sign that economic activity is moving at a healthy pace. 

The first monthly Index of Services Production shows a sharp rise in many service areas, while air transport and railways moved in the opposite direction.

The India-UK Free Trade Agreement has now come into effect, and this is a big moment for trade between the two countries. In simple words, many products made in India can now enter the UK with much lower or zero duty