Economy News

GST impact: Fears of prices rising are "misplaced", says Shaktikanta Das

Don't pick up 5 items and say prices have gone up, says former economic affairs secretary on GST

Jul 2, 2017

GST impact: Consumer durables burden may not be passed on to consumers

The consumer durables industry expects only a marginal price revision despite highest tax slab of 28%

Jul 2, 2017

GST effect: Diesel and petrol prices in Karnataka drop to lowest in south India

Karnataka offer the cheapest petrol and diesel prices in South India after the GST rollout on July 1.

Jul 2, 2017

GST, 7th Pay Commission can buoy up headline inflation

Over time, GST can help lower inflation if tax cuts are passed on to consumers, and the input tax credit mechanism works smoothly.

Jul 2, 2017

Niti Aayog member Bibek Debroy 'rubbishes' claims of 1.5% boost to GDP from GST

We are nowhere near that ideal GST, this is just the beginning of a process, Bibek Debroy said.

Jul 1, 2017

GST at 18% on services, allowances hike for Central govt staff pose upside risk to inflation

The GST tax rate on services at 18 percent is 3 percent higher than the service tax levied earlier and is mostly likely to spike inflation, coming as it does along with allowances hike for Central government employees.

Jul 1, 2017

GST, don't be lusty! Baba Sehgal might even make PM Modi giggle with this new rap

Indian pop music sensation and well-known rapper Baba Sehgal has taken to YouTube again to deliver a masterpiece.

Jul 1, 2017

First Jio, now GST: Challenges for telecom operators continue

GST regime hasn't turned favourable to the telecom industry which has been rattled by Jio's tyranny.

Jul 1, 2017

Banging the buck: Modi govt slashes PPF, NSC rates to 7.8%

The Senior Citizen's Savings Scheme and Sukanya Samriddhi Yojana will now offer 8.3 percent. Both schemes were earlier offering 8.4 percent.

Jul 1, 2017

GST effect: Here is the impact on ATM transactions, insurance premiums, credit card, loan EMIs

Thanks to GST, banks and insurers will charge a higher rate of service tax on select transactions that include processing fee, premium, ATM withdrawals, others.

Jul 1, 2017

Down to earth: Govt slashes GST rates on fertilisers from 12% to 5%

Prices to fall marginally with uniform MRP of Rs 295.47 per 50 kg bag expected to be fixed across the country.

Jul 1, 2017

Car sales June 2017: Maruti Suzuki posts 7.6% growth; Toyota Kirloskar Motor volumes plunge, Hyundai reports fall

June marks the last month for car and two-wheeler sales before GST rollout; Maruti Suzuki, TKM, Hyundai disappoint.

Jul 1, 2017

GST rollout: Here are 10 categories of goods that are now cheaper under new taxation

While mineral water costing cheaper than before is indeed a good news for all, here are a few other categories of goods that are now going to cost you less.

Jul 1, 2017

GST rollout: Teething problems for 'Good and Simple Tax' will be solved in 2 months, says CEA

From President Pranab Mukherjee to CVC KV Chowdary, many agree that GST will have teething problems. Read what CEa Arvind Subramanian has to say about it.

Jul 1, 2017

ICICI Bank authorised to collect GST

The tax payer will be required to generate the challan on the GSTN portal and choose ICICI Bank to make the payment through various digital modes.

Jun 30, 2017