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Goyal to visit Brussels from January 18-20, 2025
Union Minister of Commerce and Industry, Piyush Goyal will visit Brussels, Belgium for a High-Level Dialogue with Mr Maroš Šef?ovi?, Commissioner of the European Commission for Trade and Economic Security from 18-20 January 2025. This visit underlines the importance that India attaches to its trade and investment ties with the European Union (EU), one of our largest trading partners with bilateral trade estimated at over US$180 billion in 2023-2024. At the same time, the EU is also a significant source of Foreign Direct Investment, with total FDI estimated at US$ 117.34 billion.
During the visit, the two leaders are expected to hold wide ranging discussions on India-European Union (EU) Free Trade Agreement (FTA) negotiations, undertake a stock take of the Trade and Technology Council framework and take up bilateral trade matters. The leaders are expected to discuss the global economic situation amidst trade disruptions, give political directions to expedite the FTA negotiations and explore a commercially significant, balanced, equitable, ambitious and mutually beneficial FTA.
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Finance Minister Sitharaman tables new Income Tax bill in Lok Sabha
NEW DELHI: Finance Minister Nirmala Sitharaman introduced the new Income Tax Bill, 2025, in the Lok Sabha on Thursday as part of tax reforms aimed at streamlining and simplifying provisions to make them easier to understand and reduce the scope for legal disputes.
The legislation will replace ....
Mongolia's inflation rate climbs to 9.6 pct in January
Mongolia's inflation rate, as measured by the Consumer Price Index (CPI), rose to 9.6 percent in January, up from 9.0 percent in December 2024, local media reported on Thursday, citing official data by the country's National Statistics Office (NSO).
This represents a 2.0 percentage-point....
Rupee on historic decline! Falls 45 paise to Rs 87.95 per dollar
The rupee fell 45 paise to a record low of 87.95 per dollar in early trade on Monday amid the strength of the US currency in foreign markets and a negative trend in domestic stock markets.
Forex traders said the dollar index reached 108 after US President Donald Trump announced a new 25 percen....
RBI cut in repo rate to 0.25%,loan EMI to come down
MUMBAI: Reserve Bank of India (RBI) Governor Sanjay Malhotra on Friday announced a reduction of 0.25 percent in the repo rate. The reduction in repo rate has a direct impact on the interest rates of loans and everything from home loans to car loans becomes cheaper.
The repo rate has been reduc....
Budget 2025:No words like inflation and unemployment from Finance Minister: Shashi Tharoor
Senior Congress leader Shashi Tharoor on Saturday termed the Union Budget presented by the finance minister Nirmala Sitharaman as 'disappointing' and said that it only tried to woo voters in Delhi and Bihar, which showed the Bharatiya Janata Party's (BJP) 'short-term thinking'.
He said that a ....
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