GST revenue collections in FY26 might exceed estimates this financial year!SBI Research expects India’s Goods and Services Tax (GST) collections to outperform targets in FY26, even as the country moves through a major rate restructuring exercise. The banking group’s latest analysis took in account for similar gains and losses across the states and concluded that…
NEW DELHI: The impact of pre-GST revamp pause in sale of several products, such as automobiles and white goods, and the lower rates rolled out from Sept 22 slowed down the growth in gross GST receipts but the mop up remained close to the Rs 2 lakh crore-level, data for October showed. Official numbers released…
US treasury secretary Scott Bessent criticised China’s decision to tighten control of rare earth exports, calling it a “mistake” that cautioned everyone.Reflecting on China’s decision to introduce new export restrictions in October, Bessent said the move had revealed Beijing’s willingness to weaponise rare earths, a group of minerals that are vital to defence systems, electric…
Small and low-risk enterprises will soon be able to secure their Goods and Services Tax (GST) registration in just three working days. The GST department is introducing a simplified registration route for small and medium businesses, which becomes operational from Saturday. India’s Digital ID, GST Reform Win Global Recognition From IMF Chief Kristalina Georgieva Under…
High-value Rs 2,000 denomination notes worth Rs 5,817 crore remain in circulation, the Reserve Bank of India (RBI) said in data released on Saturday.The central bank had announced the withdrawal of Rs 2,000 notes from circulation on May 19, 2023, while clarifying that the currency continues to remain legal tender, PTI reported.According to the RBI,…
Many retired central government employees are waiting to see how the 8th Pay Commission will impact their pensions, now that the Centre has approved the commission’s Terms of Reference (ToR) and given an 18-month timeline for the report. Although pay commission discussions usually revolve around serving employees, pensioners outnumber them. As per the government’s Pensioners’…
Imagine running a small telecom company and convincing the world’s biggest asset manager, BlackRock, that your business is booming. That’s what Indian-origin entrepreneur Bankim Brahmbhatt allegedly managed to do.Through his companies — Broadband Telecom, Bridgevoice, and Carriox Capital — Brahmbhatt borrowed more than $500 million from private-credit lenders led by HPS Investment Partners, a firm…
NTPC Ltd has begun drilling India’s first-ever geological carbon dioxide (CO2) storage well at its Pakri Barwadih coal mine in Jharkhand, marking a significant milestone in the country’s carbon capture and storage efforts.The initiative, spearheaded by NTPC’s R&D arm– the NTPC Energy Technology Research Alliance (NETRA)– represents a crucial step in advancing India’s Carbon Capture,…
Gold prices continued to slide for the second straight week, pressured by a stronger dollar, easing geopolitical tensions, and the US Federal Reserve’s cautious signals on rate cuts that dented demand for safe-haven assets.On the Multi Commodity Exchange (MCX), gold futures for December delivery fell Rs 2,219, or 1.8 per cent, over the week. The…
State Bank of India (SBI) on Saturday said it has executed its first gold trade as a special category client (SCC) on the India International Bullion Exchange (IIBX), marking a key step in reshaping India’s bullion import framework.The move, SBI said, signals “a transformative era” for the bullion trade by enhancing efficiency, transparency, and accessibility,…
