Karnataka Revenue Minister Krishna Byre Gowda. File photo: Special Arrangement Reforms in the Goods and Services Tax (GST) regime with rate rate rationalisation is a welcome move, but State governments are concerned with the impact of the same on the revenues accruing to them, according to Karnataka Revenue Minister Krishna Byre Gowda. Speaking to The…
In early August, U.S. President Donald Trump announced that imports from India to the U.S. will be charged tariffs at 50%. This includes a 25% penalty for India’s oil purchases from Russia. The U.S. tariffs bring challenges to the Indian economy. What are the policy options for India? Tariffs are the taxes levied on imports…
In May this year, the Ministry of Finance released India’s draft Climate Finance Taxonomy for public consultation. As a foundational tool, the taxonomy aims to mobilise climate-aligned investments, prevent greenwashing, and clarify for investors which sectors, technologies and practices contribute to mitigation, adaptation, or transition. Importantly, the document calls itself a “living” framework, adaptable to…
Representational file image. | Photo Credit: Reuters The Standing Committee on Finance has recommended that the Government consider an action plan to evenly distribute industries across all States, for “more balanced and equitable economic development”, it said in a report submitted to the Lok Sabha. This comes at a time when the Congress has accused…
In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index, Shanghai’s SSE Composite and Hong Kong’s Hang Seng settled lower. File | Photo Credit: PTI Benchmark stock indices Sensex and Nifty advanced on Tuesday (August 19, 2025), marking their fourth consecutive day of gains, mainly driven by Reliance Industries and Tata Motors. Rising for…
Foreign Institutional Investors bought equities worth ₹550.85 crore on August 18, 2025, according to exchange data. File | Photo Credit: Reuters The rupee appreciated 40 paise to close at 86.99 (provisional) against the U.S. dollar on Tuesday (August 19, 2025), supported by optimism over GST restructuring and positive domestic equity markets. Forex traders said rupee…
The All Kerala Gold and Silver Merchants’ Association has sought reduction of GST on gold ornaments from 3 per cent to 1 per cent with immediate effect, or through a phased approach, to ensure affordability, stimulate demand, and protect the interest of small traders and artisans. When GST was introduced in 2017, the average price…
Image used for representation purpose only. | Photo Credit: Reuters The rupee appreciated 19 paise to 87.20 against the U.S. dollar in early trade on Tuesday (August 19, 2025), reflecting the optimism around domestic reforms and equities, though external risks remain elevated. Forex traders said the rupee is holding firm at current levels, tracking the…
Image used for representation purpose only. | Photo Credit: Reuters Equity benchmark indices climbed in early trade on Tuesday (August 19, 2025), extending their previous day’s sharp rally, as optimism prevailed in the market buoyed by plans for big bang reforms in the GST regime by Diwali. The 30-share BSE Sensex climbed 203.44 points to…
The central government’s proposals to reform the Goods and Services Tax (GST) system are bold and timely. They stand to benefit the middle class and the business community, as the government claims. Shifting 99% of the items in the 12% slab to a 5% tax rate, and 90% of the items in the 28% slab…
