Economy news

• Trump vs Carney: Cars, homes, booze and more caught in US-Canada tariff war

  29-08-2026 18:12 via timesofindia.indiatimes.com
  
  The recent imposition of new tariffs on vehicles and construction materials has intensified the trade conflict between the US and Canada. This has also led to surging import taxes on other household products and alcoholic beverages. Both businesses and consumers are likely to feel the pinch with escalating costs, potentially affecting employment rates. Moreover, these disputes cast a shadow of uncertainty over the USMCA trade agreement.
  
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• From making iPhones to building the next Apple: Will India’s Rs 62,500 crore mobile phones bet pay off?

  29-08-2026 15:13 via timesofindia.indiatimes.com
  
  With the launch of the Rs 62,500 crore Mobile Phone Manufacturing Scheme (MPMS), India is eyeing its homegrown smartphone brands - with every aspect from design, R&D to components and manufacturing taking place in the country.
  
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• GST Council meeting on September 12: Easier registration, automated cancellations likely in focus

  29-08-2026 13:38 via timesofindia.indiatimes.com
  
  On September 12, the GST Council will convene to streamline the business registration process, focusing significantly on companies that exceed Rs 2.5 lakh in monthly tax credits. The agenda also includes enhancing automation and revising GST registration cancellation procedures. This meeting comes in the wake of comprehensive GST rate adjustments that took effect in September 2025, alongside the implementation of a simplified scheme for small enterprises starting November 1.
  
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• GST Council meeting on Sept 12: Easier registration, automated cancellations on agenda

  29-08-2026 13:38 via timesofindia.indiatimes.com
  
  On September 12, the GST Council will convene to streamline the business registration process, focusing significantly on companies that exceed Rs 2.5 lakh in monthly tax credits. The agenda also includes enhancing automation and revising GST registration cancellation procedures. This meeting comes in the wake of comprehensive GST rate adjustments that took effect in September 2025, alongside the implementation of a simplified scheme for small enterprises starting November 1.
  
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• US job data: Labor dept lowers employment growth by 79,000, private sector cut by 178,000

  29-08-2026 12:48 via timesofindia.indiatimes.com
  
  In a recent update from the Bureau of Labour Statistics, US employment growth forecasts have been lowered for the year concluding in March 2026, with a preliminary adjustment indicating a net decrease of 79,000 jobs. Notably, the private sector experienced a more significant decline of 178,000 roles, stemming from a comparison of initial estimates against actual tax records. A final adjustment will be detailed in February 2027.
  
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• India's hotel sector likely to gain momentum in H2FY27 on strong leisure demand

  29-08-2026 11:10 via timesofindia.indiatimes.com
  
  India's hotel sector anticipates stronger growth in the second half of fiscal year twenty twenty seven. Robust domestic leisure demand and recovering corporate travel will support this positive outlook. International travel is also expected to improve, aiding overall industry performance. Limited new hotel supply will help maintain room rates and revenue per available room. Industry occupancy and average room rates saw increases in the first quarter.
  
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• Nepal may need nearly a tenth of its economy to rebuild after devastating floods

  29-08-2026 09:24 via timesofindia.indiatimes.com
  
  Nepal's finance minister estimates flood reconstruction costs between four and five billion dollars.This devastating flood killed over 600 people and left thousands missing.The disaster destroyed towns, bridges, roads, and damaged hydropower stations significantly.Search and rescue operations continue despite disruptions from bad weather conditions.India has provided substantial relief materials to the affected regions.
  
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• Inflation data 'concerning': Fed chair Warsh signals rates may need to rise

  29-08-2026 05:46 via timesofindia.indiatimes.com
  
  Federal Reserve Chair Kevin Warsh has signaled that interest rates might rise in the near future, given that inflation continues to far exceed the central bank's two percent goal. He raised concerns about the persistent underlying price pressures, which have not shown significant improvement. This news prompted bond markets to adjust their forecasts, indicating a likely rate hike on the horizon. Warsh reiterated that managing inflation is a top priority.
  
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• CNG price hike: Compressed natural gas gets costlier; check city-wise rates

  29-08-2026 04:24 via timesofindia.indiatimes.com
  
  Consumers in Delhi and surrounding areas brace for higher compressed natural gas prices as Indraprastha Gas Limited implements a price hike due to escalating imported liquefied natural gas costs. Effective August 29, this change is linked to surging international LNG prices and ongoing Middle East conflicts, impacting both freight and passenger fares in the region, following several prior increases.
  
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• ‘Unfounded’: RIL rejects allegations by Subhash Chandra

  29-08-2026 01:01 via timesofindia.indiatimes.com
  
  Reliance Industries has denied allegations made by Essel Group chairman Subhash Chandra. Chandra claimed Ambani's media group conducted a witch hunt against him. He also alleged associates manipulated Zee's share price and used shell entities. Chandra further stated Ambani sought to acquire Zee in collusion with an investor. Lenders are now challenging a tribunal-approved settlement in Chandra's insolvency case.
  
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• Jio Platforms gets Sebi nod for 37.7k cr IPO, set to be India's biggest

  29-08-2026 00:45 via timesofindia.indiatimes.com
  
  Jio Platforms received Sebi clearance for its initial public offering.The company aims to raise up to four billion dollars in this debut.This offering is expected to become India's largest stock market listing.Jio plans a pure primary issue, with proceeds retiring debt.Reliance Industries holds a majority stake in Jio Platforms.
  
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