Tag: goods and services tax
IMEC momentum to boost Karnataka exports amid global trade disruptions
Bengaluru: Karnataka’s exporters are set to benefit as the India-Middle East-Europe Economic Corridor (IMEC) gathers momentum as an alternative to traditional maritime choke points, a…
MoSPI proposes Index of Service Production with 2024-25 as base year
The statistics ministry on Monday proposed using Goods and Services Tax (GST) data to develop an Index of Services Production (ISP) for the formal sector…
India’s economy puts up brave front as GST, auto sales and UPI payments surge despite Gulf war
New Delhi: High-frequency indicators released at the end of the fiscal year signalled that India’s economy has stayed resilient despite disruptions stemming from the Gulf…
At 7.8%, December IIP growth zooms to over two-year high
New Delhi: India’s industrial output climbed to a 26-month high of 7.8% year-on-year in December, driven by manufacturing activity, goods and services tax (GST) rationalisation…
India’s fiscal, monetary policies to support consumer demand revival in FY27 amid global uncertainties: HSBC
New Delhi: Supportive fiscal and monetary policies, along with financial deregulation, are expected to aid a revival in the consumer demand in India into FY27,…
GJEPC seeks duty cuts and policy reforms to boost gem and jewellery exports
The Gem & Jewellery Export Promotion Council (GJEPC) has sought duty rationalisation, SEZ reforms, customs simplification, tax reforms for exporters, support for lab-grown diamonds, and…
Godrej Consumer expects double-digit growth in Q3 on easing GST 2.0 disruptions| Business News
Godrej Consumer Products Ltd. has guided for double-digit growth in October-December as disruptions brought on by GST reforms eased. Godrej Consumer Products retails FMCG goods,…
GST collection grows 6.1% in December 2025 as rate-cut impact shows| Business News
India’s GST collections is showing a marginal improvement as the impact of GST 2.0 continued to weigh on domestic indirect-tax revenue. India’s net GST revenue,…
India is past Japan. What will it need to overtake Germany?
India’s emergence as the world’s fourth-largest economy is a landmark shift in the global economic hierarchy. According to the Press Information Bureau’s recent release “2025:…
Going full steam: India’s industrial output scales 2-year peak, rises 6.7% in Nov
New Delhi: India’s industrial output surged to the highest in more than two years in November, buoyed by a sharp rebound in manufacturing as demand…