Parliament Winter Session: Govt to bring two bills in Lok Sabha to replace GST cess on tobacco, pan masala with new levies

The two bills are listed for introduction by Finance Minister Nirmala Sitharaman on December 1, 2025. Photo: Sansad TV via PTI Photo The government will introduce two bills in the Lok Sabha on Monday (December 1, 2025) to levy excise duty on tobacco and tobacco products, and a new cess on manufacturing of pan masala….

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RBI issues 244 consolidated Master Directions, repeals many to reduce compliance burden

A view of the RBI logo outside its headquarters in Mumbai. | Photo Credit: Reuters The Reserve Bank of India (RBI) on Friday (November 28, 2025) issued 244 consolidated Master Directions (MD) after undertaking a review exercise pertaining to approximately 3500 directions, circulars, and guidelines issued over the years, to reduce compliance burden on the…

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Indian economy grows 8.2% in Q2 2025-26

Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto India’s real GDP has been estimated to have grown by 8.2% in the July-September quarter of the current financial year 2025-26 over the growth rate of 5.6% in the same quarter of the previous fiscal, official data showed on Friday (November 28, 2025). The…

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Govt rejects IMF’s notion that 50% tariffs will be ‘indefinite’, says growth impact overstated

A view of the International Monetary Fund. | Photo Credit: Reuters The Indian government has objected to the International Monetary Fund’s (IMF) baseline assumption that the U.S.’ 50% tariffs would continue, saying they would not remain in place “indefinitely”.  The government added that the IMF’s assessment of the growth impact of the tariffs was “on…

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IMF gives India a ‘C’ on its GDP and other national accounts data, the second-lowest grade

The International Monetary Fund logo is seen outside the headquarters building in Washington. Image used for representation purpose only. | Photo Credit: Reuters The International Monetary Fund’s (IMF) annual review has given India’s national accounts statistics, which includes key figures such as Gross Domestic Product (GDP) and Gross Value Added (GVA), a grade of ‘C’,…

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