The government proposes a 5% GST rate for mango drinks with 22-25% real pulp. This move aims to revive Totapuri mango pulp demand and improve beverage quality. An expert committee studied Totapuri price declines and suggested solutions for farmers. Recommendations include price stabilization committees and orchard rejuvenation techniques. The government will consult ministries to finalize
Crude oil prices surged as Middle East conflict escalated on Thursday. Brent crude rose above $96 a barrel and WTI climbed past $88. Fresh attacks on oil tankers in the Red Sea fueled supply concerns. Iran’s Revolutionary Guards claimed control of the Strait of Hormuz. Houthi naval blockades further amplified worries over global energy shipments.
India’s economy shows resilience amid global uncertainties and fragile geopolitics. Liquidity conditions have improved, supporting robust credit growth across the nation. The external sector remains steady, with foreign investment inflows strengthening its outlook. Rural and urban demand conditions are healthy, reflecting strong economic activity. Retail inflation edged up in June, driven by food and fuel
Temasek is broadening its Indian investment focus beyond traditional sectors. The investor will now target industrials and artificial intelligence opportunities. Its India portfolio has grown significantly, reaching $42 billion by March 2026. The firm aims to double its recent capital deployment in the next three years. Temasek is increasing its AI exposure to fifteen percent
