GST revamp on track: GoM backs Centre’s two-slab plan; accepts scrapping 2% and 28% rates
A Group of Ministers (GoM) has accepted a proposal to streamline the GST rate structure, reducing it from four slabs to two. The existing 12% ...
Textile exports: Shipments up 5.37% in July despite global headwinds; cumulative April-July exports rise to $12.18 bn
India’s textile and apparel sector experienced growth in July 2025, with exports increasing by 5.37% to $3.10 billion. The industry’s resilience amid global uncertainties has ...
Economy outlook: RBI Governor at MPC meet says economy shows strength and stability; cautions on tariff uncertainty and inflation risk
Reserve Bank of India’s Governor Sanjay Malhotra highlighted the Indian economy’s strength and stability at the recent MPC meeting, advocating for vigilance regarding evolving US ...
Parliament panel seeks higher investment rate & sets 8% growth target; urges reforms in energy and farm sectors
A parliamentary panel advocates raising India’s investment rate to 35% of GDP to achieve 8% annual growth over the next decade. The committee emphasizes domestic-led ...
US tariff heat: Fitch says Indian firms face limited direct hit; pharma sector seen at risk if duties widen
Fitch Ratings cautions that while Indian corporates have limited direct exposure to current US tariffs, sectors like pharmaceuticals could face risks if further measures are ...
GST reforms may lift deficit by 0.2% temporarily; long-term growth to cushion impact: Report
Emkay Research suggests GST restructuring may raise India’s fiscal deficit temporarily. The deficit could reach 4.6 percent in FY27. However, growth benefits should compensate within ...
E-com majors ramp up hiring for fest season
The information has been adapted into blog post format. Get Ready for Delivery Deluge: E-commerce Prepares for Festive Frenzy The air is getting crisper, the ...
GST revamp: India’s new regime to lift demand, consumption – here’s what Morgan Stanley says
India’s consumption is set for a boost. Morgan Stanley reports that GST reforms and income tax cuts will drive demand. The government plans a simplified ...
GST overhaul: Rs 1.1 trillion worth revenue might be lost; UBS says fiscal cost manageable
The government’s GST rate rationalisation, expected before Diwali, aims to benefit consumers and MSMEs. A UBS report indicates a manageable revenue loss of 0.3% of ...
GST revamp: Centre, states equal stakeholders! Govt clarifies concerns over impact on state revenues
The Centre is proposing a two-slab ‘Next Gen GST’ structure, sparking revenue concerns. Government sources clarify that the Centre and states share revenue equally, anticipating ...
