The Goods and Services Tax (GST) Council, during its 56th meeting, decided to revamp the tax structure into a primarily two-rate system, as proposed by the Central government, Union Finance Minister Nirmala Sitharaman announced on Wednesday. She added that the decisions would come into effect from September 22 for most items. Only tobacco and tobacco-related…
The Government has set up a committee to examine the tax and export clearance issues being faced by manufacturing units and suggest measures to further streamline the system amid high tariffs imposed by the U.S., an official has said. The Committee includes representatives from the Finance Ministry, Department for Promotion of Industry and Internal Trade…
Highlighting the devastating impact of the Pahalgam terror attack on the economy of Jammu and Kashmir, Chief Minister Omar Abdullah on Wednesday (September 3, 2025) sought the Centre’s support to deal with the situation. The Union Territory (UT) was facing a severe fiscal crisis as its public revenues had “collapsed” in the aftermath of…
Union Finance Minister Nirmala Sitharaman and Union Minister of State for Finance Pankaj Chaudhary, during the 56th meeting of the GST Council, in New Delhi on September 3, 2025. Several CM’s of states attend the meeting. | Photo Credit: ANI The Goods and Services Tax (GST) Council began its two-day meeting on Wednesday (September 3,…
Benchmark equity indices Sensex and Nifty closed higher in a volatile session on Wednesday (September 3, 2025), driven by a rally in metal stocks and optimism related to the GST Council meeting. After oscillating between highs and lows, the 30-share BSE Sensex jumped 409.83 points or 0.51%, to settle at 80,567.71. During the day, the…
SEBI on July 4 temporarily barred Jane Street from the local market on allegations that it manipulated India’s key indexes, in one of the strongest actions it has taken against a foreign investor. File. | Photo Credit: Reuters Jane Street on Wednesday (September 3, 2025) filed a case against India’s markets regulator which has accused…
Gold prices rallied ₹1,000 to touch a fresh record high of ₹1,07,070 per 10 grams in the local markets on Wednesday amid hopes of Fed easing rates, mounting geopolitical tensions and growing worries around the US economy. According to the All India Sarafa Association, the precious metal of 99.9 per cent purity had closed at…
Forex traders said the rupee is trading near all-time low levels amid persistent foreign fund outflows on the back of ongoing trade tariff concerns between India and the U.S. File | Photo Credit: Reuters The rupee recovered 9 paise from its all-time low level to settle at 88.06 (provisional) against the U.S. dollar on Wednesday…
The 30-share BSE Sensex declined 153.28 points to 80,004.60 in early trade. The 50-share NSE Nifty dipped 46.4 points to 24,533.20. File | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty declined in early trade on Wednesday (September 3, 2025), tracking weak global market trends and relentless foreign fund outflows. Caution also prevailed in…
Comex silver futures were trading 0.19 per cent lower at $41.52 per ounce. | Photo Credit: Leonhard Foeger Silver prices on Wednesday fell by ₹435 to ₹1,24,095 per kilogram in futures trade as traders booked profits at higher levels amid a weak trend in the global markets. On the Multi Commodity Exchange, silver contracts for…
