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 GDP, potentially offset by cess collections and RBI dividends. Scrapping the 12% slab and shifting items between 5% and 18% rates are proposed, while luxury goods face a higher special rate.
To avoid disruption, regulator mulls glide path to enforce index caps on Nifty Bank
Rajeev Sardana brings over three decades of leadership experience and expertise in financial services, lending, retail assets, and credit risk management
SEBI introduced a mechanism where clients’ securities will be blocked for early pay-in within the client’s demat account upon invocation
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 system with fewer slabs. This could significantly impact growth, fiscal balance ...more
The CAG’s performance audit points that the issues identified for the delay in commissioning of solar power project were preventable
If your policy has lapsed because you missed payments, this is your chance to reactivate it — with lower late fees. LIC is offering up to 30 percent off on late fees, capped at Rs 5,000, depending on how much your policy premium is. For micro insurance policies, you’ll get a 100 percent waiver on late fees — meaning no late fees at all.
Sectors such as healthcare, logistics, distribution, and data infrastructure are expected to see more capital inflows, alongside applications of AI.
If approved, the proposed tariff on steel imports would begin at 12% in the first year, reduce to 11.5% in the second, and further drop to 11% in the third.
Government expects total paddy production for this crop year (July 2025-June 2026) to exceed last year’s bumper production of 256 lakh tonnes (lt)
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