The Goods and Services Tax (GST) revenue of ₹1.74 lakh crore in December 2025 confirms just how narrow the government’s fiscal policy space is. The December data reflect the economic activity in November, the second month under the new, reduced GST rates. December’s revenues were marginally higher than the ₹1.7 lakh crore collected in November….
Despite the headlines, Elon Musk might never make a trillion dollars. The Tesla CEO would only receive this astronomical amount if he were to meet a set of incredibly ambitious goals, which includes increasing the stock value of the company to $8.5 trillion, selling 20 million vehicles and one million robots. It seems the stuff…
GST refunds in December increased by nearly 31% to ₹28,980 crore, according to official data. File | Photo Credit: Getty Images/iStockphoto The Goods and Services Tax (GST) collections rose 6.1% year-on-year to ₹1.74 lakh crore in December 2025, marking a three-month high, official data showed. However, a sharp increase in refunds resulted in net revenues slumping…
The cess was originally introduced for a period of five years to compensate States for any loss arising out of the implementation of GST. File. | Photo Credit: Getty Images/iStockphoto The Ministry of Finance on Thursday (January 1, 2026) issued a series of notifications that would bring into effect the new taxation regime for tobacco products…
Representative image | Photo Credit: Getty Images/iStockphoto Shares of cigarette and tobacco product makers tumbled on Thursday (January 1, 2026) morning trade after the government notified February 1 as the date from which additional excise duty on tobacco products, and a health cess on pan masala will be levied. The stock of Godfrey Phillips India…
The new levies on tobacco and pan masala will be over and above the GST rate, and will replace the compensation cess which is currently being levied on such sin goods. | Photo Credit: Reuters The government on Wednesday (December 31, 2025) notified February 1 as the date from which additional excise duty will be…
On the revenue front, total tax revenue stood at ₹13.9 lakh crore at the end of November 2025, 3.4% lower than in the same period of 2024-25. Non-tax revenue, however, was almost 21% higher during the same period. | Photo Credit: Reuters The Centre’s fiscal deficit at the end of November 2025 stood at ₹9.77…
Reserve Bank of India (RBI) Governor Sanjay Malhotra. File | Photo Credit: PTI The Indian economy is projected to register high growth, driven by strong domestic consumption and investment despite a volatile and unfavourable external environment, RBI Governor Sanjay Malhotra said on Wednesday (December 31, 2025). “Maintaining financial stability and strengthening the financial system remains…
At a time when developing and developed countries alike are navigating an increasingly unpredictable global trading regime, India is at a crossroads, fast emerging as a resilient player in international trade and as an increasingly reliable economic partner. The conclusion of the India-New Zealand Free Trade Agreement (FTA), announced by Prime Ministers Narendra Modi and…
India’s relatively strong industrial performance in November 2025, especially driven by the manufacturing sector as it was, was more likely a flash in the pan than the start of a consistent trend. The Index of Industrial Production (IIP) grew 6.7% in November, the fastest growth rate in 25 months. Within this, the manufacturing sector grew…
