Sitharaman: Customs overhaul is govt's next big reform focus
Finance Minister Nirmala Sitharaman signals a major customs framework simplification for easier compliance. Announcements likely in Budget 2026. Read more on India's economic plans.
Category : Search result: GST rate rationalisation
Customs simplification next big reform, says Nirmala Sitharaman
Finance Minister Nirmala Sitharaman announces customs simplification as the next major reform, following GST and income tax rationalisation to boost consumption and put cash in common man's hands.
FM Sitharaman: Customs overhaul next, economy to grow 7%+
Finance Minister Nirmala Sitharaman announces a major customs duty and process reform, expects 7%+ GDP growth this fiscal. She also addresses rupee, freebies, and savings trends.
Sitharaman Announces Major Customs Duty Regime Reforms
Finance Minister Nirmala Sitharaman announces a major overhaul of India's customs duty regime, focusing on rate rationalisation, transparency, and reducing official discretion. Read the full plan.
Karnataka GST growth moderates to 3% in October
Karnataka's GST collection growth moderated to 3% in October after a 10% surge in September. Analysts attribute the drop to post-festive normalization. Read more on the state's revenue trends.
Accountant held for Rs 11 crore fake GST invoice fraud in Noida
A 27-year-old accountant from Bihar was arrested in Noida for generating fake invoices worth Rs 11 crore and fraudulently claiming Rs 2 crore in GST refunds. Read the full investigation details.
RBI Cuts Repo Rate by 25 bps as Expected
The Reserve Bank of India's MPC cut the repo rate by 25 basis points to 5.25% in its December policy. This marks a cumulative reduction of 125 bps since February. Read the full analysis.
Fitch ups India's FY26 GDP growth forecast to 7.4%
Fitch Ratings revises India's GDP growth forecast for FY26 to 7.4%, citing strong consumer spending and GST reforms. It also predicts a December RBI rate cut to 5.25%. Read the full analysis.
Rupee fall to Rs 90 may hike prices of electronics, cars
The rupee's fall beyond Rs 90 against the US dollar may force price hikes of 3-10% on consumer electronics, cars, and beauty products from January, erasing GST cut benefits. Key details inside.
Delhi Govt Overhauls Bus Routes for Improved Connectivity
Delhi government begins rationalising bus routes to eliminate overlaps, reduce travel time, and enhance last-mile connectivity across the capital. Learn about the new plan.
Ludhiana Furnace Units Hit by GST Notices Over Bogus Billing
More than 40 induction furnace industrialists in Ludhiana receive GST notices for alleged bogus billing. The industry association plans to challenge the move, citing procedural flaws.
Andhra Pradesh GST Revenue Declines 4.6% in Nov 2025
Andhra Pradesh sees a 4.6% drop in net GST collections for November 2025 following GST 2.0 rate cuts. Chief Commissioner Babu Ahmed cites lower yields despite volume growth. Read the full analysis.
Manipur GST Bill Passed in Rajya Sabha
Rajya Sabha returned the Manipur GST bill to Lok Sabha, with Finance Minister Nirmala Sitharaman highlighting its benefits. The opposition staged a walkout during the discussion.
Chandigarh GST up 6% in Nov 2025, Rs 243 Crore Collected
Chandigarh's GST revenue grew 6% to Rs 243 crore in November 2025 compared to last year. However, October saw a 4% dip. Explore the city's tax collection trends and economic implications.
Diesel sales surge 4.7% in Nov, hit 6-month high
India's diesel consumption rose 4.7% to 8.5 million tonnes in November, the highest since May, fueled by GST rate cuts and festive demand. Petrol and LPG sales also grew.
November GST Mop-Up at ₹1.7 Trillion, Down from October
India's November GST collections fell to ₹1.7 trillion, raising questions on the stimulus effect of recent rate cuts. Read our analysis on the revenue trend and what it means for the economy.
GST Mop-Up Moderates in Nov After Rate Rationalisation
GST collections grew marginally by 0.7% in November, reflecting the impact of recent rate cuts. Officials remain optimistic, citing a boost in consumption and taxable turnover.
Maharashtra Lost Rs 12,000 Cr in GST Cuts: Ajit Pawar
Deputy CM Ajit Pawar reveals Maharashtra suffered Rs 10,000-12,000 crore revenue loss due to PM Modi's GST rate cuts but supported the pro-poor move. Details on state's financial strategy inside.
Gujarat GST Mop-up Rises 9%, Hits Rs 52,390 Crore
Gujarat's GST collection grew 9% to Rs 52,390 crore in April-November FY26. November saw Rs 6,723 crore GST, with enforcement revenue surging 61.7%. Read the full state tax report.
Lok Sabha passes Manipur GST Bill amid protests
Lok Sabha passed the Manipur GST Bill and introduced new cess bills on tobacco products. The session faced adjournments due to opposition protests demanding discussion on electoral roll revision.
Manipur GST Bill 2025 Replaces October Ordinance
Finance Minister Nirmala Sitharaman tables the Manipur GST (Second Amendment) Bill, 2025, to replace the ordinance promulgated on October 7. Get the latest details on the parliamentary move.
GST Collection Growth Slows to 0.7% in November
India's GST revenue grew at a slower pace of 0.7% to Rs 1.70 lakh crore in November. Domestic transactions and services imports show mixed trends. Read the full analysis.
GST Collections Reach ₹1.7 Trillion in November 2025
India's gross GST revenue rose to ₹1.7 trillion in November 2025, marking a 0.7% year-on-year increase, driven by lower tax rates. Get the latest economic updates and analysis.
Sitharaman Tables Manipur GST Amendment Bill 2025
Finance Minister Nirmala Sitharaman introduces the Manipur GST (Second Amendment) Bill, 2025, in Parliament to replace the October ordinance. Key legislative move for state taxation.
Manipur GST Bill Passed, Implements New Tax Slabs
Lok Sabha approves Manipur GST Amendment Bill 2025, replacing the October ordinance. The move aligns state law with the new 5% and 18% tax slabs set by the GST Council. Read the full details.
MCX Gold Rises 1% on Fed, RBI Rate Cut Expectations
MCX gold prices surged nearly 1% on Monday, driven by expectations of US Fed and RBI rate cuts and robust spot demand. Stay updated on the latest market trends.
India Q2 GDP Growth Hits 8.2%, Exceeds RBI Forecast
India's economy grew at 8.2% in Q2 FY25, surpassing RBI projections. With inflation controlled, MPC faces rate cut decision amid GST reforms and US tariff impacts. Read analysis.
RBI Holds Rates Amid Strong GDP Growth, Low Inflation
RBI's MPC expected to maintain repo rate at 5.5% despite record-low inflation. Economists divided as surprising 8.2% GDP growth complicates rate cut decision. Full analysis inside.
Ahmedabad GST Bust: Rs 800 Crore Fake Invoice Racket
Ahmedabad DGGI uncovers massive Rs 800 crore fake GST invoicing network across 3 cases. Four key conspirators arrested in major crackdown on economic fraud. Read the full investigation details.
Gold Rates Surge on US Fed Rate Cut Buzz, Weak Dollar
Gold prices in India hit a 4-month high, nearing record levels. Driven by US Fed rate cut expectations, a weak dollar, and strong wedding season demand, experts predict further upside. Read for key insights.
Page 1 of 4