Indian economy Archives - National Times

12 May

PM Modi’s Austerity Appeal Sparks Heated Debate Across India’s Jewellery Sector

Gurpreet Singh0 CommentsIndiaAusterity appeal, Foreign Exchange, Gold market, Indian economy, Jewellery industry, PM Modi

New Delhi (Gurpreet Singh): Prime Minister Narendra Modi’s recent call for national austerity has ignited a significant debate within India's bullion markets and among economic analysts. The Prime Minister urged citizens to curb unnecessary gold purchases and reduce petrol and diesel consumption in a strategic bid to safeguard the country’s foreign exchange reserves. While some economists view this as a necessary step to fortify national financial stability and reduce the trade deficit, the jewellery industry has expressed deep concern regarding the potential economic fallout for millions of workers. The All India Gem and Jewellery Domestic Council warned that a sharp…

02 May

Punjab Achieves Historic GST Milestone with Record Revenue and National Growth Leadership

Gurpreet Singh0 CommentsPunjabGST collection, Harpal Cheema, Indian economy, Punjab GST, Record revenue, Revenue milestone, Tax growth

Chandigarh (Gurpreet Singh): Punjab Finance, Planning, Excise and Taxation Minister Advocate Harpal Singh Cheema on Saturday announced that the Chief Minister Bhagwant Singh Mann led Punjab Government has set a historic benchmark in tax revenue for April 2026 as the state achieves its highest-ever monthly Goods and Services Tax (GST) collection since the tax's inception, simultaneously topping the nation in overall GST revenue growth. Detailing this unprecedented achievement in a press communique issued here, Finance Minister Harpal Singh said, "The State has recorded a Gross GST collection of ₹2987.38 crore alongside a Net GST collection of ₹2725.08 crore. This exceptional…

18 Oct

Dhanteras Sales Touch ₹1 Lakh Crore as Indians Splurge on Gold, Silver Despite Record Prices

Rajeev Sharma0 CommentsBusinessCAIT, Dhanteras 2025, Diwali spending, Gold Prices, Indian economy, silver sales

New Delhi, October 18, 2025: Indian consumers spent an estimated ₹1 lakh crore during this year’s Dhanteras festival, marking one of the highest festive spending sprees in recent years. According to the Confederation of All India Traders (CAIT), the surge was driven largely by strong demand for gold and silver, even as prices hit historic highs.CAIT reported that bullion sales alone contributed ₹60,000 crore to the total, showing a 25% increase compared to last year. Gold prices soared nearly 60% year-on-year to cross ₹1,30,000 per 10 grams, yet jewellery markets across India witnessed an unprecedented rush.“The past two days have…

30 Jun

Indian Economy Stays Robust Amid Global Uncertainty, Says RBI

Rajeev Sharma0 CommentsBusinessFinancial Stability Report, Indian economy, Reserve Bank of India

New Delhi, June 30, 2025 — The Indian economy continues to stand out as a key driver of global growth, buoyed by strong macroeconomic fundamentals and prudent policy measures, the Reserve Bank of India (RBI) stated on Monday in its bi-annual Financial Stability Report (FSR).Despite heightened global economic and trade policy uncertainties, which have put the resilience of the world economy and financial systems to the test, India’s financial sector remains stable, the central bank said.“Financial markets remain volatile, especially core government bond markets, driven by shifting policy and geopolitical environment. Alongside, existing vulnerabilities such as soaring public debt levels…