Category: Economy
GST rate cut benefits should reach aam aadmi, FM Nirmala Sitharaman says
GST rate cut benefits must reach the aam aadmi, Finance Minister Nirmala Sitharaman said on Friday, stressing that Centre is closely monitoring how the new…
GST Diwali Dhamaka has a catch, but govt is watching
The government is keenly monitoring businesses and industry to ensure that the GST rate cuts, effective from September 22, first day of Navratri, reach the…
GST reforms will cause Rs 3,700 crore revenue loss to govt: SBI report
The State Bank of India (SBI) in its latest research report said that reforms in GST through reduction in rates will cause a minimal revenue…
Tax tweak to tame CPI by 50-90 bps
Around one-fourth of items, mostly essential and household goods, in India’s inflation basket will be taxed at 5% following the goods and service tax cuts…
Industry must pass on GST gains to buyers: Piyush Goyal
Commerce and industry minister Piyush Goyal said he has asked industry to pass on the benefits of lower goods and services tax (GST) to consumers…
RBI panel on financial stability reviews US tariff impact, financial inclusion efforts
Mumbai: The members of the Financial Stability and Development Council, on Thursday discussed challenges economy would face due to tariffs imposed by the US, simplification…
Tax tweak on coal yields net positive for discoms
The rationalisation of GST on coal from 5% to 18%, along with the removal of the ₹400/tonne compensation cess on the fuel, is expected to…
GST Council clears process reforms for taxpayers
The Goods and Services Tax (GST) Council meeting has approved a host of structural and process reforms for small taxpayers, including launch of auto refund…
FY26 fiscal deficit pegged at 4.4%: Math unlikely to be hit
The Centre is confident of containing its FY26 fiscal deficit at the budgeted level of 4.4% of gross domestic product (GDP) despite potential revenue losses…
GST 2.0: Govt to monitor GST rate cuts to ensure relief reaches common man: Minister
The finance ministry, in coordination with other ministries, will closely monitor the implementation of the reduced goods and services tax (GST) rates to ensure that…