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The new levies on tobacco and pan masala will be over and above the GST rate, and will replace the compensation cess which is currently being levied on such sin goods. | Photo Credit: Reuters The government on Wednesday (December 31, 2025) notified February 1 as the date from which additional excise duty will be…
India crossed 100 crore Internet connections in November 2025, the Telecom Regulatory Authority of India (TRAI) announced on Wednesday, a significant milestone in India’s connectivity landscape. As of November 30, India had a total of 100.36 crore broadband subscriptions, up from 99.81 crore the previous month. The 1-billion mark also caps a period of intense…
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On the revenue front, total tax revenue stood at ₹13.9 lakh crore at the end of November 2025, 3.4% lower than in the same period of 2024-25. Non-tax revenue, however, was almost 21% higher during the same period. | Photo Credit: Reuters The Centre’s fiscal deficit at the end of November 2025 stood at ₹9.77…
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The rupee slumped 5% in 2025 as persistent capital outflows from foreign investors, alongside heightened dollar demand from importers, made it one of the worst-performing Asian currencies. On the last trading session of 2025, the rupee depreciated 13 paise to close at 89.88 (provisional) against the U.S. dollar as month-end demand and FPIs’ dollar buying…
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Image used for representational purposes only. | Photo Credit: Getty Images/iStockphoto Equity benchmark indices Sensex and Nifty jumped nearly 1% on Wednesday (December 31, 2025), the final trading session of 2025, after days of range-bound trading amid sustained buying by domestic institutional investors. After five days of decline, the 30-share BSE Sensex jumped 545.52 points,…
Reserve Bank of India (RBI) Governor Sanjay Malhotra. File | Photo Credit: PTI The Indian economy is projected to register high growth, driven by strong domestic consumption and investment despite a volatile and unfavourable external environment, RBI Governor Sanjay Malhotra said on Wednesday (December 31, 2025). “Maintaining financial stability and strengthening the financial system remains…
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The federal steel ministry has repeatedly said it does not want the domestic steel industry to face injury due to cheap imports and sub-standard products. File | Photo Credit: Reuters India has imposed a three-year import tariff of between 11% and 12% on some steel products, according to a finance ministry order published on Tuesday…