While merchandise exports are projected to remain under pressure due to US tariffs, India’s services trade surplus is expected to hit a record $205-207 billion in FY26, a report showed on Wednesday.
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The GST Council is set to convene, potentially overhauling India’s tax structure by reducing it to two primary slabs of 5% and 18%, alongside a 40% rate for luxury items. This reform aims to boost consumption and simplify compliance, but…
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The National Restaurants Association of India asks the government to rethink GST rates. Restaurants face high costs from rent, aggregator commissions, and marketing. They pay 18% GST on rent without input tax credit. Food delivery platforms contribute significantly to revenue.…
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Indian government bonds experienced a rise on Wednesday, fueled by optimism that both the government and the Reserve Bank of India would offer support following a recent selloff. The benchmark 10-year bond yield saw a decrease. Traders are hopeful the…
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Finance Minister Nirmala Sitharaman addressed textile industry concerns in Chennai amid economic challenges, including a 50% US tariff. Industry representatives sought financial relief, export incentives, and GST support. Sitharaman assured that the government is actively working on support measures.
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Indian firms focus on rural areas for growth amidst US tariff concerns. Rural consumption exceeds urban for six quarters. Low inflation and good harvests boost spending in villages. Companies like Britannia and Pidilite expand in smaller towns. Government tax cuts…
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