With the launch of the Rs 62,500 crore Mobile Phone Manufacturing Scheme (MPMS), India is eyeing its homegrown smartphone brands – with every aspect from design, R&D to components and manufacturing taking place in the country.
On September 12, the GST Council will convene to streamline the business registration process, focusing significantly on companies that exceed Rs 2.5 lakh in monthly tax credits. The agenda also includes enhancing automation and revising GST registration cancellation procedures. This meeting comes in the wake of comprehensive GST rate adjustments that took effect in September
In a recent update from the Bureau of Labour Statistics, US employment growth forecasts have been lowered for the year concluding in March 2026, with a preliminary adjustment indicating a net decrease of 79,000 jobs. Notably, the private sector experienced a more significant decline of 178,000 roles, stemming from a comparison of initial estimates against
India’s hotel sector anticipates stronger growth in the second half of fiscal year twenty twenty seven. Robust domestic leisure demand and recovering corporate travel will support this positive outlook. International travel is also expected to improve, aiding overall industry performance. Limited new hotel supply will help maintain room rates and revenue per available room. Industry
Nepal’s finance minister estimates flood reconstruction costs between four and five billion dollars. This devastating flood killed over 600 people and left thousands missing. The disaster destroyed towns, bridges, roads, and damaged hydropower stations significantly. Search and rescue operations continue despite disruptions from bad weather conditions. India has provided substantial relief materials to the affected
Federal Reserve Chair Kevin Warsh has signaled that interest rates might rise in the near future, given that inflation continues to far exceed the central bank’s two percent goal. He raised concerns about the persistent underlying price pressures, which have not shown significant improvement. This news prompted bond markets to adjust their forecasts, indicating a
Consumers in Delhi and surrounding areas brace for higher compressed natural gas prices as Indraprastha Gas Limited implements a price hike due to escalating imported liquefied natural gas costs. Effective August 29, this change is linked to surging international LNG prices and ongoing Middle East conflicts, impacting both freight and passenger fares in the region,
