Business Archives - Page 21 of 34

18 Aug

LIC Launches Revival Campaign for Lapsed Policies with Fee Concessions

Rajeev Sharma0 CommentsBusinessfee concession, insurance campaign, lapsed policies revival, LIC

New Delhi, August 18, 2025: The Life Insurance Corporation of India (LIC) on Monday announced a special revival campaign aimed at helping policyholders restore their lapsed policies. The month-long initiative will run from August 18 to October 17, 2025.The campaign covers all non-linked insurance policies and offers concessions of up to 30 percent on late fees, with the maximum benefit capped at ₹5,000. For micro-insurance policies, LIC is offering a complete waiver of late fees to make risk cover more affordable.According to LIC, policies can be revived within five years from the date of the first unpaid premium, provided they…

17 Aug

Next-Gen GST Reforms to Deliver ‘Double Benefits’ to Citizens This Diwali, Says PM Modi

Rajeev Sharma0 CommentsBusiness, IndiaDiwali 2025, GST reforms, India economy, PM Modi, tax simplification

New Delhi, August 17, 2025: Prime Minister Narendra Modi on Sunday announced that next-generation Goods and Services Tax (GST) reforms, expected before this Diwali, will bring “double benefits” for citizens across India.Speaking at the inauguration of two major National Highway projects worth nearly ₹11,000 crore in the national capital, PM Modi emphasised that reform is synonymous with the expansion of good governance. He said the government is focusing on reforms to make both life and business easier.“As part of this effort, a next-generation reform in GST is being planned. This Diwali, citizens will receive a double bonus through the GST…

17 Aug

LPU Declares Boycott of American Products Amid Tariff Row

Gurpreet Singh0 CommentsBusiness, Punjab, TrendingLPU

Phagwara: Lovely Professional University (LPU), one of India’s largest private universities, has announced a ban on the sale of American products on its campus. The decision comes in response to the United States’ move to impose steep import tariffs on Indian goods. Chancellor of LPU and Aam Aadmi Party Rajya Sabha MP Ashok Kumar Mittal said that the university has decided to take a firm stand against U.S. policies that threaten Indian trade. “From now on, no American product will be sold inside the LPU campus. If Washington enforces the new tariff structure after August 27, we will extend the…

16 Aug

ICRIER Report: US Tariffs Hit 60.8 Billion Dollars Worth of Indian Exports, Key Sectors at Risk

Rajeev Sharma0 CommentsBusinessgems and jewellery, ICRIER, India US trade, Indian exports, textiles and apparel, Trump tariff policy, US tariffs

New Delhi [India]: Around 70 per cent of India’s goods exports to the United States, worth USD 60.85 billion, are now exposed to a 50 per cent tariff imposed by the US administration, according to an analysis by the Indian Council for Research on International Economic Relations (ICRIER).Though significant, this amounts to only 1.56 per cent of India’s GDP and 7.38 per cent of total exports, making it manageable for a USD 3.9 trillion economy. The report, titled “Navigating Trump’s Tariff Blow” and authored by Ashok Gulati, Sulakshana Rao, and Tanay Suntwal, highlighted that the brunt of the impact falls…

16 Aug

Trump Says Russia Has Lost India as Oil Client Amid New U.S. Tariffs

Rajeev Sharma0 CommentsBusiness, India, World NewsChina, Donald Trump, India, oil trade, Russia, secondary sanctions, U.S. tariffs

Washington [US] – U.S. President Donald Trump has said that Russia has “lost India as an oil client” while weighing the broader fallout of sanctions on Moscow and its energy partners.Speaking to Fox News aboard Air Force One, Trump remarked, “Well, they lost an oil client so to speak, which is India, which was doing about 40% of the oil. China, as you know, is doing a lot… and if I did secondary sanctions, it would be devastating from their standpoint. If I have to do it, I’ll do it, maybe I won’t have to do it.”The comment comes just…

16 Aug

Canadians Stranded as Air Canada Strike Grounds Flights, Government Criticized for Lack of Action

Rajeev Sharma0 CommentsBusiness, Canada, TrendingAir Canada

Calgary (Rajeev Sharma):– Thousands of Canadians have been left stranded across the country and abroad as Air Canada’s flight attendants have launched a nationwide strike, grounding hundreds of flights and disrupting travel for over 130,000 passengers daily. The strike, organized by the Canadian Union of Public Employees (CUPE), commenced after contract negotiations with Air Canada collapsed. Union leaders assert that flight attendants are demanding fair compensation for “groundwork” such as boarding and pre-flight assistance, which is currently unpaid. While Air Canada offered a 38% wage increase over four years, including 25% in the first year, CUPE argues that the proposal…

15 Aug

India’s Russian Oil Imports Rise to 2 Million Barrels Per Day in August Despite US Tariff Tensions

Rajeev Sharma0 CommentsBusiness, IndiaBPCL, Donald Trump tariffs, India oil imports, IOC, Russian crude

New Delhi, August 15, 2025 – India’s crude imports from Russia have climbed to 2 million barrels per day (bpd) in August, accounting for nearly 38 per cent of total inflows, even as geopolitical pressure and trade friction with the United States intensify.Data from global energy analytics firm Kpler shows Russia retained its position as India’s top supplier in the first half of August. Shipments from Iraq fell to 730,000 bpd from 907,000 bpd in July, while imports from Saudi Arabia dropped to 526,000 bpd from 700,000 bpd. The United States ranked fifth, supplying 264,000 bpd.“Russian crude imports into India…

15 Aug

Govt May Replace GST’s Four-Slab System With Two-Tier Tax Rates

Rajeev Sharma0 CommentsBusiness, India, TrendingGST

New Delhi: The Union government is weighing a significant overhaul of the Goods and Services Tax framework, with plans to eliminate the 12% and 28% tax brackets and move to a simpler two-slab system, government sources revealed on Friday. Under the proposed structure, GST would be charged at either 5% or 18% on most goods and services. The 28% slab could remain only for a narrow category of luxury or sin goods, while the 12% rate would be merged into the 18% bracket. The move is aimed at simplifying tax compliance, reducing classification disputes, and bringing greater transparency to the…

14 Aug

US Treasury Warns India Could Face Higher Tariffs if Trump-Putin Talks Fail

Rajeev Sharma0 CommentsBusiness, IndiaRussian oil sanctions, Scott Bessent warning, Trump-Putin Alaska talks, US-India tariffs

Washington, August 14, 2025: US Treasury Secretary Scott Bessent has warned that secondary tariffs on India could rise further if President Donald Trump’s upcoming talks with Russian President Vladimir Putin in Alaska do not deliver progress.In an interview with Bloomberg on Wednesday, Bessent said, “We put secondary tariffs on the Indians for buying Russian oil. I could see, if things don’t go well, then sanctions or secondary tariffs could go up.”President Trump last week announced 50 per cent tariffs on Indian imports, including a 25 per cent duty on crude oil purchases from Russia. The new measures are scheduled to…

14 Aug

Air Canada Serves 72-Hour Lockout Notice to CUPE, Begins Wind-Down of Operations

Rajeev Sharma0 CommentsBusiness, Canada, TrendingAir Canada

Calgary (Rajeev Sharma) : Air Canada has issued a statutory 72-hour lockout notice to the Canadian Union of Public Employees (CUPE), representing 10,000 flight attendants at Air Canada and Air Canada Rouge. The move follows CUPE’s notice of intent to strike as early as August 16. To provide passengers with certainty, the airline will begin a phased wind-down of most operations over the next three days and has requested government directed arbitration to resolve the impasse. Despite eight months of negotiations with federal conciliators, Air Canada says no tentative agreement could be reached, even after its August 11 proposal offering…