BUSINESS
Centre weighs a downgrade clause in PSU Ratna status if state-run firms fail to perform for three years
Officials said the government is also weighing the potential flip side of such downgrades, including how a lower classification could affect a PSU’s market valuation, investor confidence and the ability to raise funds.
BUSINESS
Direct cash transfers effective in poverty alleviation, says J-PAL's Iqbal Singh Dhaliwal
Hardware is hard but software is harder — India has built the hardware. Now the country must focus on the software – the people, their skills, their health and education, the economist tells Moneycontrol
BUSINESS
PFRDA says planning inflation-linked NPS products to protect retirees’ returns
NPS to offer same tax benefits to new inflation-protected payouts; 100% equity option already available
BUSINESS
India’s 8% growth hinges on private investment revival, says Michael Patra
Government’s capital expenditure has played its part and consumption now holds the key to sustaining growth, the former RBI deputy Governor tells Moneycontrol
ECONOMY
Global markets could see correction as tech-driven rally seen to override key concerns: RBI governor
Governor Sanjay Malhotra also expressed confidence in India's economy sustaining 7-8 percent growth
BUSINESS
NPS opens full equity option, FM flags inflation protection
“Inflation benefits should be there in pension so that pension remains fiscally sustainable,” the minister said, adding that “pension is important for old age.”
BUSINESS
Govt extends deadline to opt for Unified Pension Scheme till November 30
Extension comes after stakeholders sought more time in light of recent changes including switch option, retirement benefits, and tax exemptions
BUSINESS
ED attaches Rs 15.41-crore worth of properties in GST fraud case
According to ED, the accused issued bogus GST invoices, fraudulently generating and passing on fake Input Tax Credit valued at over Rs 734 crore.The fraud spans three states and involves 135 shell companies
BUSINESS
Government may invoke Legal Metrology Act to check profiteering on GST rate cuts
CBIC is collecting pre and post-rationalisation GST data to identify instances where the benefits of the tax cut are not being passed on.
BUSINESS
Nearly 90% of finance ministry files go digital as officials shift to new Central Vista building
Legacy files have been scanned and shredded; officials are citing storage constraints and shift to a new paperless regime
BUSINESS
Govt monitors GST rate cut transmission on over 50 items; awaits Sept-end field reports
Officials say 90 percent sectors already reflecting cuts; small retailers may take longer
BUSINESS
Next GST Council may fix notebook paper tax mismatch to lower cost of study material
Senior government source said anomaly of tax-free notebooks and 18 percent levy on paper inputs will be corrected in next GST Council meeting.
BUSINESS
Flat STT mop-up raises doubts over ambitious Rs 78,000-crore target, say experts
The STT collections this year, so far, are approximately Rs 26,300 crore, similar to previous year’s collections around the same time.
BUSINESS
GSTAT hearings to begin in December, legacy appeals capped at June 2026: FM Sitharaman
Sitharaman said that a staggered approach or mechanism will be identified to hear the priority cases first to manage the workload
BUSINESS
Jet fuel inclusion in GST at least a year away; relief on auto cess unlikely
Shashank Priya, special secretary and CBIC member, says focus is on consolidating GST 2.0 reforms; industry told to adjust to cess burden for now
BUSINESS
Govt mulls tech adoption and AI deployment as new benchmarks for PSU Ratna categorisation
Sources said the government is examining whether digital transformation, measurable outcomes from technology deployment, and AI integration can be factored into PSU performance assessment
BUSINESS
CEA Nageswaran sees India-US tariff dispute being resolved in '8-10 weeks'
It may also be the case that the reciprocal tariff may come down to the level, which we were earlier anticipating, somewhere between 10-15 percent, he said.
BUSINESS
Classification anomalies, carve-outs in rates make GST 2.0 not entirely perfect, say experts
While GST 2.0 aims to streamline tax rates, bricks continue to attract dual levy under a special composition scheme, a structure that has remained unchanged since its introduction in 2022.
BUSINESS
Capital gains from JDAs under lens, CBDT directs directorates to flag missing disclosures
CBDT rolls out a standard operating procedure for tighter monitoring of real estate transactions. CBDT has directed all its investigation directorates to adopt the model and submit compliance reports by October 31
BUSINESS
5% GST for budget hotels, no input tax credit
The mandatory rate removes the earlier option for these hotels to charge 18 percent with ITC
BUSINESS
Relief for pharma sector as govt waives mandatory re-labelling of medicines after GST rate cut
NPPA directs firms to issue revised price lists instead of recalling stock; compliance to be ensured at retailer level
BUSINESS
ED widens probe in 1xBet betting app case, summons Yuvraj Singh, Uthappa, Sonu Sood
The Ministry of Electronics and Information Technology ordered the blocking of several betting and gambling apps, including 1xBet
BUSINESS
Govt to retain 12% GST on bricks, 28% on tobacco, notification expected this week
Since the 12 percent and 28 percent slabs are being done away in the new GST regime, which comes into effect from September 22, notifications are required to preserve the existing levies on bricks and tobacco products
BUSINESS
FM Sitharaman flags AI talent gap as hurdle to productivity-driven growth
India needs to bump up the growth rate to 8 percent to become Viksit Bharat and AI can give a boost to both productivity and innovation, NITI Aayog CEO BVR Subrahmanyam has said
