In a gesture underscoring the spirit of cooperative federalism, Union Finance Minister Nirmala Sitharaman has written to Finance Ministers of all States, expressing gratitude for their support and active role in helping implement the landmark overhaul of the goods and services tax (GST) regime. In an interview with PTI, Ms. Sitharaman said States made their…
Gold has entered a structurally higher price zone, reshaping the bullion ecosystem worldwide. Earlier this year, international prices breached the $3,000/oz mark and continue to remain elevated as investors hedge against global debt, geopolitical frictions and expectations of monetary easing in the US. Central banks have also reinforced demand, adding to their reserves to diversify…
Twenty-year-old Vanaja, a tailor in Tiruppur district of Tamil Nadu, is worried that U.S. President Donald Trump’s tariffs on Indian imports could impact her wages. Vanaja has been working at RRK Cottons India Private Limited, a garment company in Palladam town in the industrial district, for the last two years. She earns ₹480 a day. …
India’s economic journey has always been shaped by bold reforms, and the latest set of Goods and Services Tax (GST) measures announced at the 56th GST Council meeting on September 3, 2025, may well prove to be one of the most consequential yet. For years, businesses and policymakers alike have called for simplification, predictability, and…
SEBI imposed a $567 million penalty on Jane Street, which the company has deposited. While it can restart trading in India, it has refrained from doing so, Reuters reported last month. File | Photo Credit: Reuters The Securities and Exchange Board of India (SEBI) launched a formal investigation into Jane Street’s trading practices even though…
The GST Council has slashed rates across essentials, healthcare, agriculture, study materials, and vehicles, moving towards a simpler 2-rate structure.
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto The rupee declined 15 paise to close at an all-time low of Rs 88.27 (provisional) against the U.S. dollar on Friday (September 5, 2025) amid sustained outflow of foreign funds and fear of additional U.S. tariffs against India. A weak greenback and falling crude…
Sensex closed lower by 7.25 points or 0.01%, at 80,710.76 with 14 of its components ending with gains and 16 with losses and NSE Nifty eked out gains of 6.70 points or 0.03%, to close at 24,741. File | Photo Credit: Reuters Benchmark stock indices Sensex and Nifty closed unchanged after a volatile session on…
File photo of Union Minister Piyush Goyal | Photo Credit: ANI The Centre will keep vigil to ensure that the benefits of GST rationalisation are passed on fully to consumers, Union Minister Piyush Goyal said on Friday (September 5, 2025), stating that the industry has given him assurance that the entire fall in taxes on…
At the 56th meeting of GST Council meeting, the current four-tier structure has been replaced with a two-tier one, with a standard rate of 18% and five per cent, and de-merit rate of 40% on selected few goods and services. | Photo Credit: Getty Images The State Bank of India (SBI) in its latest research…
