BUSINESS
Hindustan Aeronautics to begin delivery of 8 Tejas Mk1A jets in next 24–36 months
The HAL–GE agreement signed on November 7 will see a slow initial rollout, with production accelerating from 2029.
BUSINESS
Centre likely to repeal Excise Act, 1944, in Budget
A new law is likely to replace the Central Excise Act, 1944, introducing a modern framework aligned with GST-style processes for six product categories, including crude petroleum, motor spirit (petrol), high-speed diesel, aviation turbine fuel (ATF), natural gas, and tobacco and tobacco products.
BUSINESS
CBDT scrutinising wrongful I-T refunds; assessment to be completed by December, says Chairman
CBDT chief says the department is on track to meet the Budgeted direct tax target of Rs 25.2 lakh crore for FY26.
BUSINESS
Centre may soon clear NHAI’s public InvIT plan to speed up highway monetization
Sources familiar with the matter said the government views a public InvIT as a critical tool to broaden market participation, reduce dependence on budgetary support and strengthen NHAI’s ability to recycle capital.
BUSINESS
CBDT seeks clarifications from MeitY on proposed tax incentives for data centres
'Tax policy must clearly define who qualifies for an exemption. We cannot have a situation where any company with a few servers claims to be a data centre. The definition has to be precise and backed by clear conditions'
BUSINESS
Online prices show 7-10% correction after GST rate cuts: QuantEco Report
These movements as part of an ongoing price discovery process in the post-GST environment.
BUSINESS
MSMEs seek Covid-era relief to beat Trump tariffs in pre-Budget meet with FM Sitharaman
They also urged to make it compulsory for all loans below Rs 50 lakh or Rs 1 crore to be covered under the collateral-free guarantee mechanism for MSMEs.
BUSINESS
Govt confident of meeting FY26 direct tax target despite likely STT shortfall
STT has seen slower growth this year as investor sentiment turned cautious amid market corrections in September and October.
BUSINESS
Security tightened at government buildings, ministries in Delhi after blast near Red Fort
Union Home Minister Amit Shah will chair a high-level security review meeting on November 11.
BUSINESS
Economists urge focus on private investment revival, streamline customs procedures in Budget 2026-27
Economists also pressed for a strong push on non-financial reforms to sustain high growth.
BUSINESS
Union Budget may announce new central cess or NCCD on tobacco, pan masala
Since this is not a GST levy, the Council’s approval will not be necessary. The new central levy will have to be approved by Parliament.
BUSINESS
Finance Bill 2026 likely to carry key GST reforms for quicker registration, 90% automatic refunds
Legal amendments are likely to focus on easing compliance and improving liquidity; risk-based fast-track registration and automatic refund mechanism on the anvil
BUSINESS
Insurance agents’ plea over commission cuts unlikely to be taken up by GST Council
Insurance agents are seeking intervention from the government after insurers slashed commissions following the GST rate rejig, however, one official said the issue does not warrant council's intervention as the matter is a business arrangement within the industry.
BUSINESS
Industry body pushes for faster tax dispute resolution; calls for clearing high-value appeals within a year
CII calls for a trust-based, technology-enabled tax system; proposes simplified TDS regime, statutory taxpayers’ charter, and paper-free customs roadmap in pre-Budget 2026-27 proposals
BUSINESS
Assocham seeks tax simplification to enhance ease of doing business
In the pre-Budget memorandum shared with the Revenue Secretary Arvind Shrivastava, Assocham said the direct and indirect tax systems need procedural clarity, consistency and reduced compliance costs to make India’s manufacturing globally competitive.
BUSINESS
80% of UPI volumes concentrated with two app providers, fintech body writes to FinMin
Industry body warns of duopoly as UPI processing reaches 19.6 billion transactions in September
BUSINESS
Industry body PHDCCI seeks tariff tweaks for steel, paper, gold, medtech in Budget wishlist
The industry body’s delegation met Revenue Secretary Arvind Shrivastava on October 29 to present the industry body’s pre-budget proposals and discuss tax and tariff-related issues impacting businesses.
BUSINESS
Tax litigation: FICCI flags Rs 18 lakh crore stuck in appeals, seeks overhaul of faceless system
Industry body urges filling vacancies, simplifying TDS structure, and granting tax neutrality for fast-track demergers to reduce litigation and improve ease of doing business
BUSINESS
IDBI Bank divestment: Centre may soon invite financial bids as IMG set to meet on Oct 31 to finalise process
The approval of the SPA and the subsequent invitation of financial bids will mark the final phase of the long-awaited IDBI Bank privatisation process that has been underway since 2021.
BUSINESS
GST 2.0, reforms to sustain growth momentum amid global uncertainties: FinMin
Strong performance in the industries and services sector, along with a stable labour market, will further enhance domestic demand, the ministry's monthly economic review has said
BUSINESS
No further GST levy on tobacco, tax incidence to be kept same with additional central tax
The tax incidence on tobacco-related items is about 53 percent, while it is 88 percent on pan masala – comprising 28 percent GST and a compensation cess
BUSINESS
FM cautions GST field formations against burdening taxpayers, pushes for tech-driven compliance
Simplified GST registration from November 1 to benefit 96 percent of new applicants; Sitharaman urges shift away from ‘GST 1.0 mindset’
BUSINESS
16th Finance Commission may tie local body grants to further property tax reforms, cleaner air
The commission is unlikely to tinker with the formula for devolution of taxes to states, which will continue to receive 41% of the divisible pool
BUSINESS
Budget 2026 may integrate 5-year sectoral plans to steer 2047 Viksit Bharat vision
The integration of the plans is expected to bring sectoral allocations, policy execution and project priorities under one cohesive framework
