Finance -

Cotton duty relief: Textile industry welcomes import tax waiver, sees boost for exports and MSMEs

TazaPulseMay 30, 2026

The Centre’s decision to exempt all customs duties on cotton imports for five months till October 30 is expected to improve cotton availability, reduce input costs and strengthen the competitiveness of India’s textile sector, the Textile Ministry said on Saturday, PTI reported.Industry bodies welcomed the move, describing it as timely relief for the textile and...

NASA ETF’s two-month, $2.6 billion liftoff

TazaPulseMay 30, 2026

Retail investors are rushing into the space investing trade ahead of the SpaceX IPO, and one ETF has cashed in on the excitement. Tema ETFs’ Space Innovators ETF, which launched on March 30 and trades under the ticker symbol NASA, crossed $1 billion in assets in just 37 trading days, and by the end of...

India-EAEU trade talks gain momentum; interim deal for select goods under discussion

TazaPulseMay 30, 2026

India and the Eurasian Economic Union (EAEU) are discussing a limited and temporary trade arrangement covering selected groups of goods as part of negotiations for a proposed free trade agreement (FTA), Russia’s Economic Development Minister Maxim Reshetnikov has said, according to a media report cited by PTI.Describing the negotiations as “complex”, Reshetnikov said the Indian...

Fuel price cut call: Transporters body urge Centre to cut petrol, diesel prices as crude falls to $90 per barrel

TazaPulseMay 30, 2026

The All India Motor & Goods Transport Association (AIMGTA) has urged the Centre to reduce petrol and diesel prices, arguing that a sharp decline in international crude oil prices should be passed on to consumers and the transport sector, reported PTI.In a representation to the government, the association said global crude oil prices have fallen...

Govt waives cotton import duty till October 30 to boost supplies, ease input costs

TazaPulseMay 30, 2026

The government has exempted all customs duties on cotton imports for five months till October 30, 2026, in a move aimed at improving cotton availability for the domestic textile industry and reducing input costs for manufacturers, PTI reported.According to a finance ministry notification, the duty exemption will come into effect from June 1, 2026.The government...

CCPA slaps Rs 7 lakh fine on Vajiram & Ravi for misleading UPSC success claims

TazaPulseMay 30, 2026

The Central Consumer Protection Authority has imposed a penalty of Rs 7 lakh on Vajiram and Ravi IAS Study Centre for publishing misleading advertisements, which claimed credit for candidates who cleared the UPSC Civil Services Examination 2023, most of whom had enrolled only in its free interview guidance programme.The regulator found that a majority of...

Centre withdraws draft Sugarcane Control Order after pushback from khandsari units, farmers

TazaPulseMay 30, 2026

The Centre has withdrawn the draft Sugarcane (Control) Order, 2026, saying it will revisit the proposed framework after receiving objections from state governments and other stakeholders, PTI reported.The Food Ministry had circulated the draft order for public comments with a May 20 deadline. The proposal sought to replace the 60-year-old Sugarcane (Control) Order, 1966, with...

India shows ‘cautious resilience’ despite Middle East conflict: DEA

TazaPulseMay 30, 2026

India’s economic story is expected to remain on a path of “cautious resilience” in the near term, even as global uncertainties continue to grow, the department of economic affairs (DEA) said in its Monthly Economic Review for May.However, it cautioned that the ongoing conflict in the Middle East, rising crude oil prices and the possibility...

Tesla slashes Model Y price by up to Rs 9 lakh in India to spur demand

TazaPulseMay 30, 2026

Looking to buy a Tesla? your ride just got Rs 9 lakh cheaper!Tesla has slashed the price of its Model Y in India by up to Rs 9 lakh as it looks to boost demand in a market where high prices have limited the appeal of its imported electric vehicles. The EV maker has introduced...

Weak monsoon may hit consumption story

TazaPulseMay 30, 2026

MUMBAI/NEW DELHI/CHENNAI: India’s consumption looks headed for a near-term slowdown with predictions of an El Nino-weakened monsoon likely to bring the lowest rainfall in 11 years.Deficient rains may weigh on rural demand, impacting volume growth and crimping sales of a host of products ranging from soaps, shampoos, packaged food to two-wheelers and durables. For companies...