NEW DELHI: The GST Council should speed up refunds and address issues around accumulation of input tax credit, including for services and capital goods, while also allowing companies to take credit for expenses related to travel and insurance, EY India chairman & CEO Rajiv Memani said ahead of Wednesday’s meeting.Several of these issues are expected…
MUMBAI: The era of falling interest rates that began in February 2025 is likely to end this week, with bankers and economists expecting RBI to raise the repo rate by 25 basis points. The last increase came in February 2023, ending a tightening cycle that began after Russia’s invasion of Ukraine.In February 2025, RBI cut…
File photo: Shaktikanta Das NEW DELHI: The Indian economy is within striking distance of 8% growth, on the back of GST and banking reforms, flexible inflation targeting, digital payments and fiscal prudence, a top PMO official said Sunday.“Many of the reforms undertaken over the past decade were not designed as one-off measures, but as strategic…
File photo: Union finance minister Nirmala Sitharaman (Picture credit: PTI) India’s ambition to become a Viksit Bharat requires an economy in which enterprises of every size can grow, wherever they begin. Over the past 12 years, our govt has worked to create those conditions. GST’s introduction in 2017 established a common national framework for indirect…
The biggest proposed change is in doing away with the power to arrest, which rests with the court instead of officials, as is the case for some offences (representative image) NEW DELHI: GST Council looks set to unveil a series of ambitious reforms that will cover the whole field of processes: from faster registration to…
GST Council likely to consider proposals on arrest powers, ITC, prosecution threshold and more The GST Council may consider a package of GST process and enforcement reforms at its October 7 meeting, including a proposal to take away the power of tax officers to arrest taxpayers and require judicial authorisation for any arrest.The Council may…
US dollar, bond yields, US-Iran tensions to also shape prices this week Gold and silver prices are likely to remain volatile this week, with the US dollar, bond yields and the unresolved US-Iran tensions expected to shape the outlook for precious metals.Investors will also track the Reserve Bank of India’s monetary policy decision on Wednesday,…
Several factors have contributed to the decline in gold prices from their record highs seen in January this year. Is gold losing its shine as a safe haven asset? After its record breaking rising spree in 2025 to early 2026 when it hit record highs, gold prices have been on a downward spiral. In the…
Jio Platforms could become the biggest public offer of India Jio Platforms is expected to make its stock market debut by the end of October, in what could become India’s largest public offering with an estimated issue size of around USD 3.8 billion.The Reliance Industries digital services arm is expected to seek a valuation of…
OPEC+ is closely monitoring developments in the oil market. OPEC+ has agreed to keep its oil production targets unchanged for November, the group said in a statement after a meeting on Sunday, Reuters reported.The decision comes as the group continues to assess the impact of ongoing conflicts in West Asia and disruptions to oil exports…
