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,…
India’s services PMI Business Activity Index reached a fifteen-year high last month … on the back of surging new orders. (Image used for representation) | Photo Credit: Getty Images/iStockphoto India’s services sector growth accelerated to a 15-year high in August on robust demand, which also pushed prices higher at the fastest rate in over a…
Union Finance Minister Nirmala Sitharaman will chair the 56th GST Council meeting on September 3. File. | Photo Credit: PTI The GST Council is the governing body for Goods and Services Tax implementation in India, comprising representatives from both the central and state governments. The GST Council consists of 33 members from the Central Government…
States will remain “net gainers” of the proposed GST rate rationalisation exercise with their GST revenues, including devolution, estimated to be over ₹14.10 lakh crore this fiscal, according to an SBI Research report released on Tuesday (September 2, 2025). It said that, as was evidenced in the earlier exercise of GST rate rationalisation in 2018…
India’s current account deficit (CAD) narrowed to $2.4 billion (0.2% of GDP) in the April-June quarter (Q1FY26) from $ 8.6 billion (0.9% of GDP) in the year ago period and against a surplus of $13.5 billion (1.3% of GDP) in Q4:FY25, according to data released by the Reserve Bank of India (RBI) on Monday (September…
The GDP growth numbers released on Friday (August 29, 2025), showing that growth in Q1 of this financial year stood at 7.8%, came as a pleasant surprise at a time when most of the commentary has been about the factors holding growth back. For instance, even the Reserve Bank of India, as recently as August…
Michael Patra | Photo Credit: Corporate investments are the missing links in the Indian economy which had a three-year average annual growth rate of 8.1% in fiscal 2024, according to former RBI deputy governor and economist Michael Patra. India spends among the lowest per capita on physical infrastructure ($90), Dr. Patra said. “We need to…
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Gross GST collection increased 6.5% to over ₹1.86 lakh crore in August on higher domestic revenues, as per government data released on Monday (September 1, 2025). Gross Goods and Services Tax (GST) mop-up was ₹1.75 lakh crore in August 2024. Last month, the collection…
Foreign Institutional Investors offloaded equities worth ₹8,312.66 crore on August 29, 2025, according to exchange data. File | Photo Credit: Reuters The rupee depreciated 10 paise to close at an all-time low of 88.19 (provisional) against the U.S. dollar on Monday (September 1, 2025) amid Indo-U.S. trade deal uncertainties and higher dollar demand from importers. …
Congress general secretary in charge of communications, Jairam Ramesh. File | Photo Credit: The Hindu The Congress on Monday (September 1, 2025) slammed the government over the GDP numbers for April-June 2025, saying they have led to “irrational exuberance” and the “Trump tariff shock” is simply not reflected in them, as its real consequence will…
