Finance Ministry Proposes Two-Tier GST Structure To Boost Consumption And Growth
The Finance Ministry sent a proposal to the GST Council for a new two-tier GST structure with rates of 5% and 18% for all goods.
Amit Shah To Lead Talks On GST Overhaul Amid Revenue Loss Concerns
Home Minister Amit Shah will lead talks with states and ministries to fast-track the long-pending GST overhaul.
India’s Business Aviation Sector Urges Shift From Import Duties To Operations Tax To Boost Growth
India’s business aviation sector has urged the government to scrap high aircraft import duties and adopt an operations-based tax model.
Government Terminates Subramanian’s IMF Tenure Ahead Of Scheduled End
The Indian government has sacked Krishnamurthy V Subramanian as Executive Director at the International Monetary Fund (IMF).
Govt Hikes Excise Duty On Petrol, Diesel By ₹2/Litre Amid Global Price Dip
Starting April 8, 2025, petrol and diesel prices in India will increase following the Centre’s decision to raise excise duty by ₹2 per litre.
India Sees Record Job Growth In 2024; Both Formal And Informal Sectors Flourish
India's economy continues to experience rapid job creation, with a remarkable 4.67 crore additional jobs generated in the financial year ending March 2024.
UPI Processes ₹223 Lakh Crore In 2024, Drives India’s Digital Payment Revolution
The Unified Payments Interface (UPI) has recorded 15,547 crore transactions worth ₹223 lakh crore from January to November 2024, the Finance Ministry announced on Saturday.
Inflation To Ease, Economic Growth To Accelerate In Coming Months: Finance Ministry
The report highlights bright agricultural prospects as a mitigating factor for inflation. Early November trends indicate a moderation in food prices
Ministry Of Finance Debunks Falsehoods: New Tax Regime Clarified, No Changes On Horizon
Under the new tax regime, tax rates are notably lower than those in the existing regime.
71 show-cause notices issued to online gaming companies for GST evasion on sales of over Rs 1.12 lakh crore
Online gaming companies have been suing high courts to challenge the revenue authorities' claims against such GST demands.
