PM Narendra Modi’s address to the nation Prime Minister Narendra Modi on Sunday hailed the next-generation Goods and Services Tax (GST) reforms that will come into effect from September 22, 2025. “From tomorrow, ‘GST Bachat Utsav’ will commence. Your savings will increase and you will be able to buy your favourite things…’GST Bachat Utsav’ will…
Private companies sitting on large reserves of capital must step up and invest in India’s growth journey, the Economic Advisory Council to the Prime Minister (EAC-PM) said on Sunday, underlining that investments and exports will be the key drivers of the country’s economic expansion.“Investments and exports will drive growth… private sector has a lot of…
States’ expenditure on salaries, pensions, and interest payments has surged nearly 2.5 times over the past decade, highlighting the rising share of committed spending in state budgets, according to the latest report by the Comptroller and Auditor General of India (CAG).The report, State Finances 2022-23, shows that combined committed expenditure across 28 states rose to…
Gold and silver markets are poised to remain active in the coming week, as traders balance festive-season buying in Asia, central bank purchases, and persistent global uncertainties with signals of monetary easing from the US Federal Reserve, analysts said. Market participants will also track key US macroeconomic releases, including housing data, personal consumption expenditures, and…
Azerbaijan has resumed crude oil exports to India after a 10-month break, resolving the pricing issue that had led to the halt in supplies, according to people familiar with the matter. In August, Azerbaijan exported 1,747.07 tonnes of crude oil to India, valued at $781,520, according to its customs data, as cited by ET.Energy cooperation…
Trump’s proclamation has established a new one-time fee of $100,000 (approximately Rs 88 lakh) for bringing qualified overseas workers into the United States. The Donald Trump administration’s move to hike the one-time fee for H-1B visas to a whopping $100,000 is expected to hit the Indian IT sector hard. The approximately Rs 88 lakh cost…
NEW DELHI/BENGALURU: The panic was real. US work visa holders already in India were scrambling to get tickets back to the US to beat the sudden announcement by President Donald Trump of a Sept 21, 12 am EDT (9.30am IST) deadline for a $100,000 fee per H-1B worker, while there were many claims on social…
White House justified its $100k for H-1B visa move citing concerns over cheap “foreign labour” replacing American workers in the United States. It noted the rise in unemployment rates among computer science graduates, doubling of foreign STEM workers in the States.“Unemployment among recent computer science graduates has reached 6.1 per cent and 7.5 per cent…
NEW DELHI: Over 5 lakh Indians could be hit by the Trump administration’s decision to impose a hefty $100,000 fee on H-1B visas, prompting India’s IT ministry to go into mission mode. The ministry has begun coordination with the Indian embassy in Washington DC and is working to ease the entry of Global Capability Centres…
Indian IT firm’s US-listed shares fell overnight following American President Donald Trump’s executive order slapping an additional fee on H-1B visa holders. Infosys ADRs dropped 4%, while Wipro slipped 2% on Friday.Nasdaq-listed Cognizant declined 4.7% on Friday, reflecting investor concerns over stricter immigration policies. Experts warn of an immediate impact on profit margins. “The immediate…