August 12, 2025

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15
Aug

Gem City Ratnapura 2025 - International Gem and Jewellery Exhibition- 15th - 17th August 2025

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18
Sep

Industry Expo 2025, Colombo, Sri Lanka- 18th to 21st September 2025

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15
Oct

40th Trade Expo Indonesia Exhibition | Seminar | Business Matching | Trade Mission- 15th to 19th October 2025

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19
Nov

Match4industry Business Matchmaking Event- 19th-20th November 2025

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Notifications

 
INCOME TAX

11
Aug

Notification No. 126/2025 (Delhi)
G.S.R. 503(E).— In exercise of the powers conferred by section 295 read with clause (4E) of section 10 of the Income-tax Act, 1961

11
Aug

Notification No. 127/2025 (Delhi)
S.O. 3557(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act,1961

11
Aug

Notification No. 128/2025 (Delhi)
S.O. 3558(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961

11
Aug

Notification No. 129/2025 (Delhi)
S.O. 3559(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961

7
Aug

Notification No. 119/2025 (Delhi)
S.O. 3289(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961

7
Aug

Notification No. 120/2025 (Delhi)
S.O. 3360(E).—In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961

7
Aug

Notification No. 121/2025 (Delhi)
S.O. 3362(E).— In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961

7
Aug

Notification No. 122/2025 (Delhi)
S.O. 3363(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961

7
Aug

Notification No. 123/2025 (Delhi)
S.O. 3364(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961

7
Aug

Notification No. 124/2025 (Delhi)
S.O. 3399(E).— In exercise of the powers conferred by clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961

7
Aug

Notification No. 125/2025 (Delhi)
S.O. 3400(E).— In exercise of the powers conferred by clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961

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INDIAN ECONOMY

India signs trade cooperation pact with Zambia to boost cooperative exports

India has signed an agreement with Zambia to promote trade alliances between cooperatives of both nations, Cooperation Minister Amit Shah said on Tuesday. The cooperation ministry is working to strengthen India's cooperative export ecosystem through Indian missions abroad, Shah said in a written reply to t...

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Disinflation is going to be the big theme for India; CPI may fall to 1.3%, below RBI target: Sonal Varma, Nomura

Sonal Varma, Managing Director and Chief Economist (India and Asia ex-Japan), Nomura, anticipates moderation in India's CPI, potentially falling below RBI's target. Food inflation might enter the deflation stage, with core inflation also easing. RBI's FY26 inflation projection could be overshot. Global trade ...

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India plans financial aid for businesses and exporters amid the trump tariff disruptions

The Govt is formulating a financial plan to help the manufacturers and exporters as the fear of high tariffs looms ahead. According to Reuters, the Indian government is planning to provide assistance by giving credit guarantees for loans overdue up to 90 days for small businesses and exporters. ...

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Push domestic demand, but don’t get into the groove: Experts

Can India become the world’s third largest economy by overcoming Germany sooner and then accomplish the Viksit Bharat goal by 2047, if the country’s traders take a pledge to sell only Swadeshi goods? Two alternative views have emerged on this question after prime minister Narendra Modi recently referred to th...

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30 more countries in focus under exports rejig plan

As part of its export diversification measures in the wake of tariff shocks emanating from the US, the government is working to expand the current list of 20 “focus markets” by adding 30 more countries, officials said Monday. The market expansion efforts that started earlier to de-risk exports will be ex...

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US tariffs to cover 55% of India’s exports: Finance Minister

The US levy of a 25% reciprocal tariff on goods with effect from August 7 may cover about 55% India’s total merchandise exports to the US, minister of state for finance Pankaj Chaudhary, said on Monday. The department of commerce is engaged with all stakeholders including exporters and industry for taking ...

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FE Exclusive: PMO moves to tackle Trump tariffs; Committee to submit report in two months

After US President Donald Trump decided to slap a total tariff of 50% on Indian exports barring a few exceptions, the Prime Minister’s Office (PMO) has swung into action to contain the possible damages. Following a series of meetings chaired by Shaktikanta Das, principal secretary-2 to the Prime Minister, the...

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INCOME TAX

Latest version of new tax bill, 2025 clarifies two key laws on income from house property

Clause 22 of the latest version of the New Income Tax Bill, 2025 has clarified two key laws relating to taxation of income from house property. The first clarification is regarding standard deduction of 30% from the annual value of a residential house property. The second clarification is about availability o...

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Lok Sabha passes new Income Tax Bill amid din without debate

New Income Tax Bill 2025: The Income Tax Bill was passed by the Lok Sabha amid din on Monday, after Finance Minister Nirmala Sitharaman introduced a revised version, incorporating most of the recommendations made by the Select Committee headed by Baijayant Panda. The bill was tabled on Monday following the...

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Has the penal interest increased from 1% to 3% on advance tax payment in the new income tax bill 2025? Here’s what CAs say

The Lok Sabha Select Committee recommended correcting a drafting error regarding how interest is calculated for shortfalls in advance tax payments. The revised Income Tax Bill 2025 that was introduced in the parliament yesterday (August 11, 2025) had a drafting error that stated:”the assessee shall be liable ...

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India’s net direct tax collection falls 3.95% YoY this fiscal till August 11

India’s net direct tax collections declined 3.95% year-on-year to Rs 6.64 trillion in the period from April 1 to August 11, data from the Income Tax Department showed on Tuesday. This decline was largely due to a rise in tax refunds issued during the period. Meanwhile, on a gross basis, before accountin...

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GLOBAL ECONOMY

Trade Report
Country Month Link
Switzerland July 2019 Click
Indonesia, Peru Sign Free Trade Deal

Indonesia and Peru signed a free trade agreement on Monday to strengthen bilateral trade and investment relations, the leaders of both countries said at a signing ceremony in Jakarta. Indonesian exports to Peru totalled $331.2 ...

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Brazil Inflation Likely Stayed High in July, but Some Signs of Deceleration

Brazil's inflation probably stayed high in July but with some deceleration in underlying trends, a Reuters poll of economists suggested. Policymakers are waiting for a cooling in consumer prices to launch a series of interest r...

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Singapore Upgrades 2025 GDP Growth Forecast After Q2 Tops Initial Estimates

Singapore's economy grew slightly faster than initially estimated, prompting the government to upgrade the city state's growth forecast for this year even as it warned of downside risks. Gross domestic product rose by 4.4% year...

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Australia's Central Bank Downgrades Economic Outlook, Productivity Speed Limit

Australia's central bank on Tuesday slashed its forecasts for economic growth as it downgraded the outlook for productivity, implying lower living standards and incomes for the country's 27 million residents. Yet the Reserve Ba...

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Australia Cuts Interest Rates, Signals More to Come as Inflation Slows

Australia's central bank cut interest rates on Tuesday for a third time this year and signaled further policy easing might be needed to meet its inflation and employment goals as the economy lost some momentum. Wrapping up a tw...

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Analysis-China Factories Cut Shifts and Workers' Pay as US Tariffs Bite

Mike Chai aims to cut wage costs at his kitchen cabinet factory by about 30% to remain competitive against other Chinese firms, which have stopped selling to the U.S. due to steep tariffs and are now coming after his long-time cus...

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China Offers Interest Subsidies for Loans to Boost Consumption

China will offer interest subsidies for businesses in eight consumer service sectors including catering and tourism, in a bid to support services consumption amid a slowing economy. Eligible businesses can receive an interest s...

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Wholesale inflation in country likely declined to 2-year low to -0.45% in July: UBI Report

Wholesale inflation in India likely fell to a near two-year low in July 2025, driven by a sharp drop in food and fuel prices, according to a report by Union Bank of India. The Wholesale Price Index (WPI) is estimated to have de...

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Small US firms paying Trump tariffs face a $202 billion hit

Small US companies, the source of more than half of the country’s job creation in recent years, are struggling to comply with President Donald Trump’s new tariffs and cope with growing financial strains clobbering them from higher...

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Trump extends China tariff truce by 90 days: White House

US President Donald Trump extended a tariff truce with China by another 90 days on Monday, a White House official said, staving off triple-digit duties on Chinese goods as U.S. retailers prepared for the critical end-of-year holid...

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US consumers could shoulder 67% of tariff burden if latest levies proceed, core inflation to reach 3.2%: Goldman Sachs

Trade tensions, tariff hikes, global supply chain disruptions are upending businesses and spreading volatility but who will be at the receiving end of US President Donald Trump’s tariff salvo? According to Goldman Sachs, the infla...

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INDIAN CORPORATE

Nokia to expand research and development centre in India

Telecom gear maker Nokia is planning to expand its research and development centre in India by hiring more people locally, a top company official said on Monday. Nokia India Country Manager Tarun Chhabra said at a government ev...

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Shapoorji eyes $1 billion debt payment in possible Tata exit

India’s Shapoorji Pallonji Group plans to use some of the proceeds from a potential sale of its 18.4% stake in Tata Sons Pvt. to repay debt held by its infrastructure unit, according to people familiar with the matter. Shapoorj...

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Reliance Industries’ FMCG arm launches Campa Beverages in Sri Lanka

The FMCG arm of Reliance Industries, Reliance Consumer Products (RCPL), in collaboration with Ceylon Cold Stores (manufacturer and distributor of the Elephant House brand), has introduced the iconic Campa Beverages brand in Sri La...

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L&T bags over Rs 15,000-crore order from Adani Power

Larsen & Toubro (L&T) on Monday said it had secured an ultra-mega contract from Adani Power to set up eight thermal power units, each with a capacity of 800 MW. In L&T parlance, ultra-mega contracts are those having a value of mor...

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