April 24, 2026 7:03 pm

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Category: Economics

🚼 Toy-Maker Dilemma: Govt Considers Lowering GST on Motion-Lit Toys

New Delhi | India’s dream of becoming a global toy manufacturing hub is facing a surprising roadblock — the kind that lights up when kids ride it. Motion-powered scooters, a popular toy category, are currently taxed at 18% GST if they have lights, but only 12% GST if they don’t. And now, the Commerce Ministry is […]

Where Do Central Banks Buy Gold From? A Look at 2025 Trends and Global Implications

Key Highlights: Central Banks and Gold in 2025 Gold Near All-Time Highs:Gold is trading around $3,345 per ounce, just below its April 2025 peak of $3,500. Massive Central Bank Buying:• 43% of central bankers plan to increase reserves.• 95% believe global central bank reserves will rise in the next year.• In May alone, 20 tonnes […]

Global UPI Push: 19 Banks Now Part of India-Singapore Payment Network

In a move that significantly boosts cross-border remittance convenience, the UPI-PayNow real-time payment link between India and Singapore has been expanded to include 13 more Indian banks, taking the total to 19 banks, according to a statement released by NPCI International Payments Ltd (NIPL) — the international arm of National Payments Corporation of India (NPCI). […]

India Celebrates National Fish Farmers Day 2025 in Bhubaneswar with Big Push to Blue Economy

India celebrated National Fish Farmers Day 2025 on July 10 at ICAR-Central Institute of Freshwater Aquaculture (CIFA), Bhubaneswar. The Department of Fisheries, Ministry of Fisheries, Animal Husbandry & Dairying (MoFAH&D) marked National Fish Farmers Day 2025—a tribute to the tireless contribution of India’s fish farmers in securing the nation’s food systems and powering the Blue […]

India’s Forex Reserves Near All-Time High Again, Cross $700 Billion Mark

India’s foreign exchange reserves have once again crossed the $700 billion mark, inching closer to their all-time high. According to data released by the Reserve Bank of India (RBI) on July 4, the reserves rose by $4.84 billion to $702.78 billion during the week ending June 27. This puts India’s forex buffer just short of […]

GST Collections Double in 5 Years, Hit Record ₹22.08 Lakh Crore in FY25

India’s gross Goods and Services Tax (GST) collections have reached an all-time high of ₹22.08 lakh crore in the financial year 2024–25, more than double the ₹11.37 lakh crore collected in FY21. The data was officially released on Monday, ahead of the eighth anniversary of the GST rollout. This growth marks a 9.4% increase over […]

Rupee Rises Sharply by 65 Paise on Iran-Israel Ceasefire Hopes, Oil Drops Below $70

Pointers Rupee rose by 65 paise to ₹86.13 vs USD in early trade (June 24). Triggered by Trump’s announcement of an Iran-Israel ceasefire. Crude oil prices fell 2.73% to $69.53, reducing import pressure. US dollar index weakened to 98.13, aiding rupee strength. Sensex surged 930 pts, Nifty up 279 pts, boosting market sentiment. The rupee […]

Indian Rupee and Bonds Face Pressure as US-Iran Tensions Escalate

📍 Mumbai | The Indian rupee and government bonds are expected to come under pressure this week after a U.S. strike on Iran’s nuclear sites, marking a sharp escalation in Middle East tensions. The move, aligned with ongoing Israeli military actions, has sparked fears of retaliation from Tehran and renewed global uncertainty. 📉 Rupee Reaction […]