BUSINESS
Economists bet proposed GST cuts can counter Trump tariffs and drive consumption, lifting GDP by half a percent
The actual pace of GST cut transmission may vary, say economists, with larger companies likely adjusting prices quickly whereas smaller enterprises or those with complex supply chains requiring more time.
BUSINESS
Centre considering ‘direct-income support’ for MSME workers impacted by Trump’s tariffs
The Centre has prepared a support package worth Rs 25,000 crore under the Export Promotion Mission, to provide affordable credit, improve market access and cushion from the adverse impact of tariffs.
BUSINESS
Low international commodity prices likely to partly offset impact of higher tariffs, but US-India trade negotiations crucial: FinMin
If the near-term economic pain is absorbed more by those who have the ability and the financial strength to do so, then small and medium enterprises in downstream industries will emerge stronger from the trade imbroglio. Now is the time to demonstrate an understanding of national interest, said the finance ministry.
BUSINESS
MC Interview | Trump tariff impact not so much on growth but on jobs: EAC-PM Chairman
India quickly needs to introduce labor reforms that can remove the 'missing middle problem' in the manufacturing sector, and raise productivity, said S Mahendra Dev, Chairman of EAC-PM said.
BUSINESS
Demand boost to more than make up for GST 2.0 revenue loss, says PM-EAC chairman
Lower GST rates will lift growth without derailing fiscal deficit, says PM’s economic advisory council chairman S Mahendra Dev
BUSINESS
Govt, CCI mulling to review Rs 2,000 crore deal-value-threshold for small businesses
Some sections within the government feel that DVT can be lowered to some extent, by Rs 500-1,000 crore, only if CCI builds additional capacity. But CCI largely feels a lower value may lead to inefficient use of resources.
BUSINESS
Online gaming companies likely to approach high courts this week to contest ban on real-money gaming
Dream 11, Gameskraft, and Head Digital Works, are among the major RMG companies, which may contest the new law in 2-3 high courts, sources said.
BUSINESS
Revised Digital Competition Bill may bat for consultative approach by CCI
The draft of the revised bill may contain provisions which would direct the CCI, in some cases, to consult other stakeholders, such as Ministry of Electronics and Information Technology (MeitY), before passing any antitrust order.
BUSINESS
Draft bill sees online money gaming as channel for laundering, terror funding
"Modern online games are often integrated with social media, digital wallets, and real-time multilayer networks, making them difficult to monitor or control at state level," the drafts says.
BUSINESS
Experts say IBC Amendment Bill yet to address real estate insolvency, NCLT understaffing and poor recovery by operational creditors
Despite the IBC being in place for over nine years now, operational creditors (OCs) continue to feel sidelined, and reforms have done little to improve their position in recoveries.
BUSINESS
Boost domestic consumption, urge exporters to look inwards: Govt’s plan to curb tariffs’ impact
Making products cheaper through GST rate reduction, putting money in the pockets of newly employed youth and asking exporters to also cater to domestic demand are some of the measures under the government's multi-pronged strategy to counter external pressures.
BUSINESS
Centre proposes 5 and 18% rates under revamped GST regime: Sources
Officials said that the Centre has proposed to move almost all the items in the 28 percent slab, barring sin goods, to 18 percent slab; and move 99 percent of items in the 12 percent slab to 5 percent.
BUSINESS
Centre proposes to move to a two-slab 'standard and merit' GST structure
Key areas identified for next-generation reforms include the rationalisation of tax rates to benefit all sections of society, especially the common man, women, students, middle class, and farmers, says the finance ministry
BUSINESS
Lenders prioritized over government’s dues in IBC Amendment Bill, guarantors can't disrupt insolvency
The bill extends the role of the committee of creditors to liquidation process as well, which was earlier restricted to resolution alone. It also proposes to now allow creditors to include assets belonging to corporate or personal guarantors as part of ongoing insolvency process.
BUSINESS
FM Sitharaman tables IBC Amendment Bill, cross-border and group insolvency frameworks introduced
The new Bill seeks to modify section 7 of the IBC to specify that an application for initiating the corporate insolvency resolution process by the financial creditors shall be admitted if a default exists, and no other grounds shall be considered for deciding such an application.
BUSINESS
Govt may double MSEs' collateral-free loan limit to Rs 20 lakh under credit guarantee scheme
The move comes as Trump's tariffs on Indian goods are expected to hit micro & small enterprises the hardest. A decision is likely before the end of the month
BUSINESS
Centre mulling to drop 'ex-ante' regulations from revised Digital Competition Bill amid concerns of stifling innovation
Experts say ex-ante regulations are at odds with principle-based regulation. They prescribe rules for significantly large companies aiming to prevent market failure as opposed to an interventionist approach, where the regulator steps in after reviewing evidence of harm to the market, they say.
BUSINESS
REITs push for bank loan access, cite parity with InvITs but govt split on proposal
At present, REITs, rely heavily on equity markets, bond issuances, and other debt instruments like commercial papers, which can be pricier and more susceptible to market fluctuations
BUSINESS
India should weigh savings from importing Russian oil against tariff risk: Nobel laureate Banerjee
Banerjee suggested India consider diversifying oil imports beyond Russia and engage with China to expand its export base.
BUSINESS
Economists peg FY26 growth at 6.3%, lower than RBI's forecast, but don’t expect a further rate cut
The central bank may not cut the rates further unless the growth momentum slows significantly more than the current expectation, economists say.
BUSINESS
GST on online gaming: Centre argues before SC that full value of bets should be taxed
Experts have argued that the bets placed by players are transitory stakes which remain unsettled until the outcome of the game, and a nuanced interpretation of taxing the actual fee charged by the platforms better aligns with both legislative intent and economic substance of the law.
BUSINESS
Centre argues online gaming firms are 'suppliers', rejects HSN code as prerequisite for GST payment
Centre says e-gaming companies qualify as ‘supplier’ and would therefore become the ‘taxable person'
BUSINESS
Centre eyes more handloom parks to empower 35 lakh weavers, improve quality, says Textiles Ministry official
On trade deal with UK, the official said that the government is hoping the free trade agreement (FTA) will significantly increase India’s handlooms' exports to the country, and make London a distinct market for the sector.
BUSINESS
Over 1.1 million youth given employment by Centre in past 16 months, says labour minister
ELI Scheme is yielding very good results today and will make a significant contribution to the creation of 40 million new jobs in the country in the coming days, said Mandaviya.
