Finance

Festival of taxes or festival of votes? Decoding PM Modi's GST address to nation

Prime Minister Modi's GST address is a political and economic gambit of rare audacity. It offers tangible relief to millions, simplifies a complex tax regime, and positions the government as a benefactor at a culturally resonant moment.

Sep 21, 2025

Gold surges over Rs 3,300 in this week, Silver crosses Rs 1.28 lakh mark

Gold Stays Range-Bound This Week, Sentiment Positive Amid Global Uncertainty

"Gold traded range-bound but positive, with gains of 0.38 per cent at $3,657 and 0.26 per cent at Rs 1,09,330, as Fed's policy supported the recent rate cut while keeping the door open for two more cuts based on incoming data," said analysts.

Sep 20, 2025

Stock market snaps three-day rally; IT stocks fall, Adani Group's shares rise

Sensex ended the session at 82,626.23, down 387.73 points or 0.47 per cent. The index started the trade a bit lower at 82,946.04 against last session's closing of 83,013.96. The index extended the downward trend further amid selling in IT and banking heavyweights. It touched an intraday low at 82,485.92.

Sep 19, 2025

All you need to know about notifications issued under GST 2.0 reforms

The Finance Ministry on Thursday issued a list of six Frequently Asked Questions on GST 2.0 relating to the new notifications that have been issued to bring the tax rate cuts on goods and services into effect from September 22.

Sep 18, 2025

GST Council Meet May Signal Major Rejig in Tax Slabs, Cess Policy

GST reforms to lower rates on 11 out of 30 top consumption items: Report

The move is likely to improve purchasing power, especially for low-middle income segments, as the consumption-weighted average GST rate is lower in majority of food and household items and will attract either 0 per cent or a 5 tax rate.

Sep 18, 2025

Data of nearly 3 million Lotte Card customers leaked

The leaked data also included card verification codes, card numbers and card validity period of some 280,000 customers, critical information that may expose their owners to credit card fraud, according to the company, reports Yonhap news agency.

Sep 18, 2025

India to remain world's fastest-growing major economy despite global uncertainty

"India's growth performance with that of advanced economies shows that while past external shocks have caused short-term challenges for India, they have not derailed the country's long-term growth trajectory," S&P Global said in its report.

Sep 17, 2025

ITR filing deadline extended by a day to Sep 16

Taking to X late on Monday night, Income Tax India, which is the official account of the Income Tax Department, wrote: "KIND ATTENTION TAXPAYERS! The due date for filing of Income Tax Returns (ITRs) for AY 2025-26, originally due on 31st July 2025, was extended to 15th September 2025.

Sep 16, 2025

Gold surges over Rs 3,300 in this week, Silver crosses Rs 1.28 lakh mark

Prices of 22-carat gold have climbed from Rs 97,406 to Rs 1,00,492 per 10 grams, while 18-carat gold has risen from Rs 79,754 to Rs 82,280 per 10 grams. Silver prices also gained significantly, rising by Rs 4,838 during the review period. The white metal now trades at Rs 1,28,008 per kg, up from Rs 1,23,170.

Sep 14, 2025

Key takeaways from SEBI's move to ease IPO, mutual fund, FPI regulations

The key takeaways from the SEBI's move are that large companies above Rs 50,000 crore market cap will now have more flexible listing norms, permitting them to have smaller float sizes- Rs 1,000 crore plus at least 8 per cent of the post-issue market capitalisation.

Sep 13, 2025

Pahalgam terror attack: Nirmala Sitharaman cuts short US-Peru visit

Nil GST on life, health insurance to boost affordability, consumption

The move comes as part of the broader GST rationalisation, which merged the 12 per cent slab with 5 per cent and subsumed the 28 per cent into 18 per cent. Health and life insurance, which earlier attracted 18 per cent GST, have now been moved to the nil tax category.

Sep 8, 2025

GST reforms to reduce complexity, improve compliance and lower costs for MSMEs: Report

The GST Council's decision to simplify the structure with just three slabs -- 5 per cent for essentials, 18 per cent for standard goods and services, and 40 per cent for sin and luxury items -- is expected to reduce complexity, improve compliance, and lower costs for businesses, especially MSMEs, SBI Mutual Fund said in its report.

Sep 8, 2025

CBIC denies viral claims on GST transition benefits from Sep 22, calls message misleading

"It has come to notice that an informal message claiming to be from Chairman CBIC is being widely circulated on social media, claiming that certain transition benefits under GST will be applicable from September 22 on issues related to unutilised cess credit, ITC of exempted supplies and new price adjustment provisions. It is hereby informed that such claims are factually incorrect and misleading," CBIC said in its post.

Sep 7, 2025

'GST 2.0 a Huge Gift to People,' Says Ashwini Vaishnaw, Hails PM Modi's New Reforms

The GST 2.0 reforms, approved by the 56th GST Council, aim to simplify the tax structure by transitioning from a multi-slab system to a primary two-slab system of 5 per cent and 18 per cent, effective from September 22, 2025. This overhaul is designed to make essential goods and services more affordable, reduce the compliance burden on businesses, and stimulate consumption-led economic growth. Previously, the GST structure comprised four slabs of 5 per cent, 12 per cent, 18 per cent, and 28 per cent.

Sep 6, 2025

Banks See Rise in Credit Demand Across Retail, MSME, Agri Segments Post-GST Reforms

According to Ajay Kumar Srivastava, MD and CEO, Indian Overseas Bank, the reform will create a strong effect across the economy, leading to improved cashflows for distributors and retailers, greater working capital access for small businesses, and expanded credit requirements amid rising demand.

Sep 6, 2025

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Finance

Festival of taxes or festival of votes? Decoding PM Modi's GST address to nation

Gold Stays Range-Bound This Week, Sentiment Positive Amid Global Uncertainty

Stock market snaps three-day rally; IT stocks fall, Adani Group's shares rise

All you need to know about notifications issued under GST 2.0 reforms

GST reforms to lower rates on 11 out of 30 top consumption items: Report

Data of nearly 3 million Lotte Card customers leaked

India to remain world's fastest-growing major economy despite global uncertainty

ITR filing deadline extended by a day to Sep 16

Gold surges over Rs 3,300 in this week, Silver crosses Rs 1.28 lakh mark

Key takeaways from SEBI's move to ease IPO, mutual fund, FPI regulations

Nil GST on life, health insurance to boost affordability, consumption

GST reforms to reduce complexity, improve compliance and lower costs for MSMEs: Report

CBIC denies viral claims on GST transition benefits from Sep 22, calls message misleading

'GST 2.0 a Huge Gift to People,' Says Ashwini Vaishnaw, Hails PM Modi's New Reforms

Banks See Rise in Credit Demand Across Retail, MSME, Agri Segments Post-GST Reforms

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]