SGB redemption update: RBI fixes Rs 10,610 per unit for 2020-21 bonds, investors bag 107% return
RBI announced premature redemption for Sovereign Gold Bond 2020-21 Series VI investors on September 6, 2025, at Rs 10,610 per unit. The redemption price is based on the average gold price from September 3-5, 2025. Investors will receive a 107.35% return, excluding the 2.5% annual interest, on bonds issued at Rs 5,117 per gram.
GST reforms to kick in this Navratri: Ashwini Vaishnaw says move will boost economy; daily-use goods, cars, health cover to cost less
The government's sweeping GST rate changes, effective September 22nd, aim to simplify the tax system and boost the economy. These reforms, encompassing rate rationalization and procedural improvements, are projected to ease citizens' lives and stimulate consumption. Significant rate reductions across various sectors, including daily essentials, dairy products, and automobiles, are expected to contribute to GDP growth.
Critical mineral recycling push: Cabinet clears Rs 1,500 crore incentive scheme; aims for 40k tonnes output
The Union Cabinet has approved a Rs 1,500 crore incentive scheme to boost domestic supply chain resilience by promoting e-waste and battery waste recycling for critical mineral extraction. Running from FY 2025-26 to FY 2030-31, the scheme supports both established and new recyclers, offering capex and opex subsidies to build recycling capacity and generate jobs.
GST revamp: Health and term insurance premium may turn cheaper
The GST Council is considering a rate cut on health and term insurance, potentially making premiums more affordable. While a full exemption could lower premiums significantly, it may create a revenue shortfall for the government. Insurers might face short-term profitability pressures due to slower repricing, but long-term benefits include increased insurance penetration.
Reliance Jio IPO: CLSA says listing will be 'mega event'
Reliance Jio's anticipated IPO by 2026 is poised to significantly impact India's telecom sector, potentially triggering a rerating of Bharti Airtel. CLSA highlights Jio's dominant 42% market share, driven by over 500 million subscribers and aggressive expansion. The IPO and tariff hikes are expected to fuel substantial revenue and EBITDA growth for Jio.
‘Undefined mechanisms’: India halts US-mail including up to $100 parcels; postal service cites new tariff rules
India's postal department has halted all mail bookings to the United States due to new US regulations impacting incoming shipments. This suspension includes letters, documents, and gifts valued up to $100. The decision follows a US executive order removing duty-free allowances and requiring comprehensive data exchange, which Indian carriers are currently unable to meet.
UP’s Rampur mentha oil industry reels under US tariff: Exporters warn of losses as orders on hold; job cuts loom
India's mentha oil sector is facing a crisis as the US imposed a 50% import tariff just days ago, threatening exporters and agricultural workers. Order disruptions and cancellations are causing financial strain, potentially impacting over 1 million farmers. Moradabad's handicraft exports are also suffering, with potential job losses due to halted orders.
Suzuki to scale up India operations: Rs 70,000 crore investment over next 5–6 years, says automaker firm CEO; move follows EV project launch in Gujarat
Suzuki Motor Corporation is set to invest Rs 70,000 crore in India over the next five to six years to boost its operations. This announcement coincided with the launch of Maruti Suzuki India's e Vitara export program to 100 countries and the inauguration of lithium-ion battery cell production for hybrid vehicles.
'US not piggy bank or doormat': Donald Trump fresh tariff threat for nations with digital taxes; warns of consequences
US president Trump on Monday threatened trade measures against nations with digital taxes targeting American tech giants, deeming them discriminatory. He warned of tariffs and export restrictions on technology and chips if these policies persist. Dozens of countries impose digital services taxes, prompting debates over fair contributions from tech companies.
'Addressing threats to US by Russia': Trump admin notifies India of additional tariffs; deadline tomorrow
The US has issued a notice to India regarding new tariffs set to take effect on August 27, 2025, in response to perceived threats from Russia, targeting India due to its economic ties with Moscow. Prime Minister Modi has vowed to protect Indian entrepreneurs and farmers from the impact of these tariffs, emphasizing self-reliance.