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.
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
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.
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
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.
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
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
Moneycontrol Pro Weekender | From PMI to ‘Political Science’
While India's growth indicators remain strong, October's softer PMI and persistent trade uncertainties raise uncomfortable questions
Business in the Week Ahead (October 27-31, 2025)
The IPO rush hour is building. The coming week will give you a glimpse of it. That’s not all, brace for a clutch of high frequency indicators like IIP and fiscal deficit. Earnings numbers are also rolling. Do keep a watch
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’
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
Ruchir Sharma: Why gold and stocks are partying together
These booms are connected, but not in the way you may have heard
Govt to notify all rules under new income tax law by December 31
Administrative groundwork for the new tax system accelerates as Budget preparations near; government aims to finalise around 400 rules and 180 forms for a leaner framework
The silver bullet fallacy
The idea that a lot of problems are difficult to fully solve doesn’t mean we should stop trying
Govt draws up mega bank merger plan; smaller lenders to be clubbed with big banks by FY27
Record of discussion on merger proposal to be examined by Cabinet and PMO
India’s fintech revolution has expanded access to credit: FM Sitharaman
Finance Minister Nirmala Sitharaman highlighted fintech’s role in financial inclusion and digitising credit access, while also emphasising India’s self-funded green transition amid global energy challenges.
GST 2.0 drives festive car sales, but food and medicine price cuts remain elusive: Survey
Uneven pass-through of GST rate cuts in essential goods segments
Andhra Pradesh banks on cheap renewable energy and river-linking to power data centre push: Nara Lokesh
Nara Lokesh told Moneycontrol in an interview that the state is building a dedicated renewable energy ecosystem to meet rising power and water demand from data centres, instead of imposing restrictions like some global peers.
Andhra govt has set up WhatsApp groups for every investment project to fast-track clearances: Nara Lokesh
WhatsApp groups with company chairmen, ministers and officials have been institutionalised to ensure weekly project reviews and real-time coordination, as part of the state’s ‘Naidu 4.0’ governance model.
ICAI document to tighten corporate fraud detection norms by Nov-end; may propose Companies Act changes
The research paper, expected by end-November, will focus on early detection of corporate and IPO-related frauds, fix accountability gaps, and plug legal loopholes, drawing on analysis of 64 SEBI orders to identify systemic red flags.
Net direct tax revenue jumps 6.3% to Rs 11.89 lakh crore till Oct 12
Non-corporate tax, which includes individuals and HUFs, mop-up so far this fiscal stood at about Rs 6.55 lakh crore, up from over Rs 5.93 lakh crore in the same period of the last year
Moneycontrol Pro Panorama | Silver: A market in turmoil
In Moneycontrol Pro Panorama October 13 edition: Escalating US-China trade war poses major risks to world, some trade tips for India amid weak WTO forecast, earnings downgrades loom large over chemical companies, and more
The AI trade: Do geopolitics matter?
Plus, scepticism on the dealmaking rebound
Foster sub-national autonomy, strengthen local revenue base: OECD suggestion to 16th Finance Commission
OECD Senior Advisor Sean Dougherty says India, with its strong growth rate and relatively lower debt levels, is better-positioned than many OECD economies, but strengthening local public finance remains key.
