According to the latest World Economic Outlook released by the International Monetary Fund (IMF), India is poised to become the world’s 4th-largest economy in 2025, overtaking Japan. The report projects India’s nominal GDP will climb to $4.19 trillion next year, narrowly surpassing Japan’s estimated $4.18 trillion. The IMF highlights India as the fastest-growing major economy, with growth …
As per CNBC-TV18 reports, tax authorities are increasing efforts to ensure that global digital service providers pay their fair share of taxes. It suggests that several foreign companies offering services to Indian users continue to avoid registering under India’s Goods and Services Tax (GST) laws, even after changes in rules last year. Tightening the Net …
India’s electric vehicle (EV) journey is accelerating rapidly, and if the current momentum is sustained, the country could see up to 123 million EVs on its roads by 2032, according to a joint report by the India Energy Storage Alliance (IESA) and Customised Energy Solutions (CES). This growth supports India’s larger climate objectives and could …
India’s banking sector is facing a major jolt following the Supreme Court’s recent decision to strike down JSW Steel’s ₹19,700-crore resolution plan for Bhushan Power and Steel Ltd (BPSL). The apex court’s verdict, delivered on May 2, 2025, has ordered the liquidation of BPSL, disrupting the recovery hopes of Indian banks that collectively hold over …
Over the years, the Central Pay Commissions (CPCs) have dramatically revised salary structures for central government employees and pensioners. Between the 5th and 7th CPC, the minimum basic salary surged from ₹2,750 to ₹18,000, a staggering 554% increase, as per news reports. This growth occurred across three pay commissions: 5th CPC (1996): Minimum basic salary …
The Reserve Bank of India (RBI) has fined 5 major Indian banks a total of ₹2.5 crore for failing to follow its regulatory rules. The action was taken after the central bank found problems in areas like cybersecurity, KYC (Know Your Customer) procedures, and customer service. The affected banks are ICICI Bank, Axis Bank, Bank …
India is giving a big boost to its creator economy. At the first World Audio Visual and Entertainment Summit (WAVES 2025) in Mumbai, Prime Minister Narendra Modi said creators are driving India’s “Orange Economy” and helping build the nation’s global soft power. To support this, the government has announced a US$1 billion fund to help …
A year after announcing its ambitious plan into semiconductor manufacturing, Zoho has officially suspended its $700 million chipmaking plans. As per news reports, Founder and CEO Sridhar Vembu said the company lacked confidence in its current technology roadmap and could not justify seeking government support or taxpayer money without clarity. Zoho Faces Roadblocks in Semiconductor …
In the last two decades, central government salary structures have changed significantly. The 6th and 7th Pay Commissions revised basic pay, allowances, and pensions. The 8th Pay Commission is expected to take effect from January 1, 2026. Here’s a look at how basic pay changes between 6th and 7th commissions, along with the percentage jump in …
The Haryana government has introduced a generous One Time Settlement (OTS) Scheme 2025 to help taxpayers settle outstanding indirect tax dues without penalties or interest. The scheme, announced by Chief Minister Nayab Singh Saini on March 23, 2025, is aimed at clearing legacy dues under pre-GST tax regimes and will remain open for 6 months …
