Prime Minister Narendra Modi recently launched five pivotal projects in Ladakh aimed at advancing airport facilities and improving road connectivity. These projects feature a new terminal at Kushok Bakula Rimpochee Airport and the creation of the Nimmu-Padum-Darcha Road. The Hanu Hydroelectric Project will foster renewable energy, supplemented by a Conservation Park to preserve historic artifacts.
‘Consistent with good practices’: IMF defends India's revised GDP calculation
https://timesofindia.indiatimes.com/business/india-business/consistent-with-good-practices-imf-defends-indias-revised-gdp-calculation/articleshow/134962902.cms
https://timesofindia.indiatimes.com/business/india-business/consistent-with-good-practices-imf-defends-indias-revised-gdp-calculation/articleshow/134962902.cms
The International Monetary Fund has recognized India's updated approach to measuring gross domestic product, commending the Ministry of Statistics and Programme Implementation for enhancing GDP metrics. Amid strong economic performance and rising domestic demand, the IMF has also revised its growth predictions for India. Currency fluctuations were acknowledged; however, Srinivasan clarified they do not indicate any economic frailty.
India-US trade deal: First phase finalised, legal drafting under way, says Piyush Goyal
https://timesofindia.indiatimes.com/business/india-business/india-us-trade-deal-first-phase-finalised-legal-drafting-under-way-says-piyush-goyal/articleshow/134963311.cms
https://timesofindia.indiatimes.com/business/india-business/india-us-trade-deal-first-phase-finalised-legal-drafting-under-way-says-piyush-goyal/articleshow/134963311.cms
According to Commerce Minister Piyush Goyal, India's trade agreement with the US has advanced to the legal drafting phase, aiming to grant India a competitive edge. The implementation of this pact is anticipated shortly. Meanwhile, negotiations for a free trade agreement with the European Union are expected to conclude by December.
India-China trade jumps 29% to $91.76 billion, overtakes US in first half of FY27
https://timesofindia.indiatimes.com/business/india-business/india-china-trade-jumps-29-to-91-76-billion-overtakes-us-in-first-half-of-fy27/articleshow/134971325.cms
https://timesofindia.indiatimes.com/business/india-business/india-china-trade-jumps-29-to-91-76-billion-overtakes-us-in-first-half-of-fy27/articleshow/134971325.cms
India's bilateral trade with China rose significantly in the first half of the financial year. Trade with the US also increased, although the surplus narrowed. Exports to various countries, including Singapore and Tanzania, showed substantial growth. However, imports from some nations declined during this period. Overall, projections for India's merchandise exports remain optimistic as growth trends continue.
Flat redeveloped and sold for Rs 1.95 crore in 8 days; taxman denies LTCG, ITAT grants relief
https://timesofindia.indiatimes.com/business/india-business/he-bought-a-home-gave-it-for-redevelopment-years-later-and-sold-new-flat-for-rs-1-95-crore-within-8-days-taxman-denied-ltcg-exemption-and-added-rs-80-14-lakh-but-itat-grants-relief/articleshow/134969634.cms
https://timesofindia.indiatimes.com/business/india-business/he-bought-a-home-gave-it-for-redevelopment-years-later-and-sold-new-flat-for-rs-1-95-crore-within-8-days-taxman-denied-ltcg-exemption-and-added-rs-80-14-lakh-but-itat-grants-relief/articleshow/134969634.cms
The man had purchased a 510-square-foot flat in a housing society in Mumbai, during FY 2006-07, where he lived with his wife. Many years later, in FY 2012-13, the housing society entered into a redevelopment agreement with a builder. The builder handed over the redeveloped flat to the man after the two parties entered into an Agreement for Permanent Alternate Accommodation in 2018.
India’s current account deficit narrows to $5.2 billion in August, RBI data shows
https://timesofindia.indiatimes.com/business/india-business/indias-current-account-deficit-narrows-to-5-2-billion-in-august-rbi-data-shows/articleshow/134973365.cms
https://timesofindia.indiatimes.com/business/india-business/indias-current-account-deficit-narrows-to-5-2-billion-in-august-rbi-data-shows/articleshow/134973365.cms
India's overall balance of payments showed a surplus of $45.4 billion in August 2026. This significant surplus is attributed to an increase in foreign currency inflows, especially from non-resident Indian deposits. The current account deficit also narrowed slightly to $5.2 billion during the same month. Foreign direct investment improved, with net inflows of $3.3 billion recorded.
After Jio's listing, RIL could topple Tata as India's most valuable group
https://timesofindia.indiatimes.com/business/india-business/after-jios-listing-ril-could-topple-tata-as-indias-most-valuable-grp/articleshow/134976896.cms
https://timesofindia.indiatimes.com/business/india-business/after-jios-listing-ril-could-topple-tata-as-indias-most-valuable-grp/articleshow/134976896.cms
Exports up 23%, trade deficit at $30 billion in September
https://timesofindia.indiatimes.com/business/india-business/exports-up-23-trade-deficit-at-30-billion-in-september/articleshow/134979212.cms
https://timesofindia.indiatimes.com/business/india-business/exports-up-23-trade-deficit-at-30-billion-in-september/articleshow/134979212.cms