Economy

New Delhi: The announcement of next-generation GST reforms as a “Diwali gift” is a major step towards improving tax efficiency, enhancing compliance, and simplifying processes, according to industry chambers. These reforms will not only reduce the tax burden on citizens and businesses but also boost the ease of doing business, stimulate domestic consumption, and attract

New Delhi:  Leading tax expert Ajay Rotti on Saturday welcomed the government’s plan to overhaul the Goods and Services Tax (GST) structure, primarily into two tax slabs of 5 per cent and 18 per cent. The Central Government has mulled reducing the current four-slab structure into two primary rates — 5 per cent and 18

New Delhi: The National Highways Authority of India (NHAI) has successfully implemented the ‘FASTag Annual Pass’ facility at about 1,150 toll plazas on National Highways and Expressways across the country. The annual pass has received an overwhelming response from the National Highway users, according to the Ministry of Road Transport and Highways. Till 7 p.m.

New Delhi: India’s annual rate of inflation based on the Wholesale Price Index (WPI) fell further in the negative zone to a two-year low of (-) 0.58 in July this year, compared to the same month of the previous year — primarily due to a decrease in the prices of food articles and fuels such

Mumbai:  Leading cryptocurrency Bitcoin hit a record high of $124,210 on Thursday over increasing expectations for more lenient monetary policy from the US Federal Reserve. The development, coupled with supportive financial reforms, particularly under the pro-crypto stance of the US President Donald Trump’s administration, boosted investor sentiment. The world’s largest crypto asset by market capitalisation

New Delhi: As August inflation print likely to top 2 per cent and be closer to 2.3 per cent, a rate cut by the Reserve Bank of India (RBI) in October looks difficult, SBI Research said on Wednesday, adding that even a rate cut in December looks a tad difficult if growth numbers for Q1

New Delhi: The Indian pharma sector, which supplies 80 per cent of the world’s generic medicines, will not suffer any loss due to tariffs imposed by US President Donald Trump, the ICMR’s former Director General, Dr N.K. Ganguly said. The former Indian Council for Medical Research’s (ICMR) remarks came amid concerns over the escalation of

New Delhi:  Union Finance Minister Nirmala Sitharaman on Monday introduced a revised version of the Income Tax Bill, 2025, incorporating most of the recommendations made by the Parliamentary Select Committee headed by BJP leader Baijayant Panda, in the Lok Sabha amid Opposition uproar. Tabling the bill in Lok Sabha, FM Sitharaman said that suggestions have

New Delhi:  The Indian rupee opened stronger on Monday, amid additional 25 per cent tariff proposed by US President Donald Trump on India, which is set to take effect from August 27. The rupee likely inched up higher on optimism that the Russia-Ukraine war will end following the upcoming US-Russia negotiations on August 15, leading

New Delhi:  Union Finance Minister Nirmala Sitharaman was all set to introduce revised Income Tax Bill 2025 in the Lok Sabha on Monday. The updated Income Tax Bill 2025 incorporates 285 suggestions from the Parliamentary Select Committee. The new legislation aims to simplify tax processes and address previous shortcomings, potentially reshaping the income tax landscape