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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.
The festive shopping boom brought cheer to retailers but not to job seekers as urban unemployment rose even as sales surged
Bihar's decisive verdict proves that targeted welfare and infrastructure spending build durable political coalitions while generating the consumption demand and policy stability that investors prize
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.
'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'
October’s CPI just hit 0.25%—the lowest since the 2011-12 series began. A triumph of policy? A statistical mirage? A rate cut in December? Or a warning bell for rural India?
These movements as part of an ongoing price discovery process in the post-GST environment.
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.
STT has seen slower growth this year as investor sentiment turned cautious amid market corrections in September and October.
Union Home Minister Amit Shah will chair a high-level security review meeting on November 11.
Economists also pressed for a strong push on non-financial reforms to sustain high growth.
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.
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.
Sanghnomics: We are treating largely symptoms of a deeper malaise. The solution is to check reckless consumerism that has become the driving force of modern economic models
Many consumers are resisting, even turning back the digital revolution
A shaky US–China truce, a cautious Fed, and an underperforming India—markets may have dodged a bullet, but the pressure is far from over
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
Process reforms are key to equipping India’s indirect tax system for better revenue mobilisation
Former National Cyber Security Coordinator Rajesh Pant calls for a new national cyber security strategy and unified agency to protect India’s digital ecosystem amid rising threats
Sandbox pilot underway; mock regulators and exchange being created for testing
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.
Industry body warns of duopoly as UPI processing reaches 19.6 billion transactions in September
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.
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
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.
