Amidst the escalating Iran-Israel conflict, Indian exporters are considering shifting cargo operations from Iran's Bandar Abbas port to the India-managed Chabahar port. This shift aims to mitigate potential disruptions to trade with Afghanistan, Central Asia, and Russia.

Net direct tax collections dip 1.39% despite 5% rise in gross mop-up - Here’s why
https://timesofindia.indiatimes.com/business/india-business/net-direct-tax-collections-dip-1-39-to-rs-4-59-lakh-crore-despite-5-rise-in-gross-mop-up-refunds-surge-58-heres-why/articleshow/121989575.cms

India's net direct tax collections experienced a slight decrease of 1.39% to Rs 4.59 lakh crore due to a significant surge in refund issuances, which rose by 58%. Gross direct tax collections saw a modest increase of 4.86%.

Report: PSBs increase market share amid slower credit growth in FY25
https://timesofindia.indiatimes.com/business/india-business/report-public-sector-banks-increase-market-share-amid-slower-credit-growth-in-fy25-regain-lending-dominance/articleshow/121990314.cms

Public Sector Banks showed strong performance in FY25. They increased their market share in lending across different sectors and regions. This happened even though overall bank credit growth slowed down. PSBs did well in working capital and demand loans. They also focused on retail credit like housing loans. State-owned banks grew in industrial credit.

Digital push: India Post Payments Bank bags FinMin’s 2024‑25 Digital Payments Award; tops DFS index among payments banks
https://timesofindia.indiatimes.com/business/india-business/digital-push-india-post-payments-bank-bags-finmins-202425-digital-payments-award-tops-dfs-index-among-payments-banks/articleshow/121990922.cms

India Post Payments Bank secured the Union Finance Ministry’s Digital Payments Award 2024-25 for its pivotal role in expanding access to digital transactions and promoting financial inclusion nationwide. Recognized for topping the DFS performance index, IPPB delivers paperless banking via postmen and Gramin Dak Sevaks, reaching 11 crore customers across India's villages and towns.

Trump revives threat to fire Fed Chair Powell; calls him ‘total and complete moron’
https://timesofindia.indiatimes.com/business/international-business/maybe-ill-change-my-mind-about-firing-him-trump-revives-threat-to-fire-fed-chair-jerome-powell-calls-him-total-and-complete-moron/articleshow/121991162.cms

Donald Trump has once again publicly criticized Federal Reserve Chair Jerome Powell, calling for lower interest rates and even suggesting he might consider firing him. Trump's renewed attacks come despite the Fed's recent decision to hold rates steady, citing the need for patience on inflation. Speculation is growing about potential replacements for Powell, raising concerns about the Fed's independence.

South Korea: President Lee unveils $22.1bn stimulus package to revive economy
https://timesofindia.indiatimes.com/business/international-business/south-korea-president-lee-unveils-22-1-billion-stimulus-package-to-revive-economy-slashes-revenue-outlook-ramps-up-spending/articleshow/121991634.cms

South Korean President Lee Jae Myung has unveiled a substantial USD 22.1 billion supplementary budget to invigorate the nation's economy and aid struggling citizens. Approved by the Cabinet, the plan involves new spending and revised revenue projections. A key feature is a universal cash handout, with citizens receiving a minimum of 150,000 won.

Report: India’s economic rise must now translate into individual prosperity
https://timesofindia.indiatimes.com/business/india-business/report-indias-economic-rise-must-now-translate-into-individual-prosperity-growth-yet-to-reflect-in-per-capita-income/articleshow/121991968.cms

India's GDP has surged globally, yet per capita income lags, prompting a call for inclusive growth. A Llama Research report emphasizes shifting focus from macro achievements to individual prosperity. Despite challenges like global trade uncertainties, India's strong policy framework and digital formalization offer tailwinds for sustained economic advancement and improved living standards.

Reducing acute dependence, countering China’s near monopoly: India readies Rs 5,000 crore scheme for rare earth minerals
https://timesofindia.indiatimes.com/business/india-business/reducing-acute-dependence-countering-chinas-near-monopoly-india-readies-rs-5000-crore-scheme-for-rare-earth-minerals/articleshow/121988868.cms