The Gems and Jewellery Export Promotion Council (GJEPC) has urged the Centre to provide immediate relief measures as the tariffs imposed by the United States have started hitting the industry. Image used for representation purpose only. Photograph: Niharika Kulkarni/Reuters US
‘States should be compensated for the revenue loss for at least five years or beyond till the revenue stabilises.’ Illustration: Dominic Xavier/Rediff Eight Opposition-ruled states — Karnataka, Jharkhand, Punjab, West Bengal, Tamil Nadu, Kerala, Telangana and Himachal Pradesh —
The 50 per cent US tariff on Indian goods pose a downside risk to growth but the impact is expected to be short-lived for the economy, and consumption demand could see an uptick after the new goods and service tax
The bail plea of fugitive diamonds trader Mehul Choksi, wanted in India in connection with over Rs 6300-crore fraud in the Punjab National Bank (PNB), has again been turned down by a court of appeal in Belgium, just ahead of
The bilateral trade between India and China has been growing at a healthy rate, but the trade gap remains sharply tilted in Beijing’s favour. Illustration: Dominic Xavier/Rediff India has time and again flagged its concern over the ballooning trade deficit
‘Money moves in a web of transactions and payment addresses keep changing for offshore companies, which requires heightened monitoring measures.’ Kindly note the image has been posted only for representational purposes. Photograph: Kind courtesy SAIYED IRFAN A/Pixabay.com and Pixabay/Pexels.com
Equity benchmark indices Sensex and Nifty fell on Friday, extending their downward journey to the third day, as investors continued to reel under pressure caused by the imposition of high tariffs and relentless foreign fund outflows. Photograph: Francis Mascarenhas/Reuters The
India’s forex reserves dropped $4.39 billion to $690.72 billion for the week ended August 22, the Reserve Bank of India (RBI) said on Friday. Photograph: Dado Ruvic/Reuters The overall reserves had jumped $1.49 billion to $695.11 billion in the previous
Indian economy grew by 7.8 per cent in April-June — the highest in five quarters — before the disruptive US tariffs were imposed. Photograph: Bhawika Chhabra/Reuters The GDP growth in the first quarter of the ongoing fiscal year was mainly
IndiGo promoter Rakesh Gangwal’s family trust on Thursday sold a 1.3 per cent stake in the country’s largest airline for Rs 2,933 crore through open market transactions, cumulatively offloading shares worth Rs 14,497 crore so far this year. Photograph: Priyanshu
