Economy & Policy News

GST Council likely to ease audits for firms with multi-state operations

The GST Council is likely to consider coordinated audits for businesses with multiple state registrations to reduce duplication and ease compliance

Reforms, self-reliance key to Viksit Bharat, says Shaktikanta Das

Shaktikanta Das said India must build stronger domestic capabilities while remaining integrated with global markets and concluding more free trade agreements

Next-Gen GST and India's next phase of growth

Next-Gen GST aims to simplify compliance, support businesses and strengthen revenues as India seeks to build a more resilient economy and achieve Viksit Bharat

AI driving up global bond yields, a worry for EMs: DEA secy Anuradha Thakur

Economic Affairs Secretary Anuradha Thakur said heavy government borrowing and rising AI investment are increasing global demand for capital and pushing up its cost

GST Council likely to consider sweeping process reforms on Wednesday

The proposals, part of the GST 2.0 process reforms, seek to simplify registration and return filing, make goods movement more predictable and reduce disputes between taxpayers and the tax department

Let exchange rate act as shock absorber: IMF on Fed hike impact on India

IMF says India should let the rupee absorb external shocks as tighter US monetary policy pressures global financial conditions

Sanctions and tariffs weaponised as policy tools, says P K Mishra

Mishra says India must remain open while limiting vulnerability, balancing resilience costs with energy security, competitive manufacturing and diversified trade

Uflex, US firm Spectra enters race for proposed polymer banknote programme

The programme was initiated by Bharatiya Reserve Bank Note Mudran Pvt Ltd (BRBNMPL), a wholly-owned subsidiary of the Reserve Bank of India

Private sector investment must lead next growth cycle: FM Sitharaman

Sitharaman calls for private investment and higher R&D spending to drive India's next growth phase, strengthen innovation and build resilience amid global uncertainty

Today's resilience may not imply tomorrow's immunity: RBI Governor Malhotra

Sanjay Malhotra said future crises could emerge from geopolitics, cyberattacks or technology failures, requiring resilience across banks, markets and financial infrastructure

Statsguru: Will RBI's MPC moderate demand during this festival season?

RBI's MPC faces a rate-hike dilemma as inflation remains within target even as robust economic growth and demand pressures strengthen the case for tighter policy

GST set for next big reform; officers' arrest powers may be scrapped

The next phase is expected to focus on simplifying administration, reducing compliance costs and making enforcement more proportionate

RBI may hike rates by 0.25% in Oct policy amid inflation: Experts poll

If the RBI increases the rate in the upcoming policy, it would mark a reversal in the interest rate policy, which has witnessed rate cuts in 2025 and an extended pause thereafter

Govt raises deepwater gas price ceiling to $9.89 per MMBtu, APM cap at $7

The new ceiling for gas from deepwater, ultra-deepwater and high-pressure, high-temperature discoveries is applicable for the period October 1, 2026 to March 31, 2027

Steel Ministry asks SAIL, NMDC to explore overseas mineral assets

Steel Authority of India Ltd (SAIL) is India's largest public sector steel-making entity, and NMDC is the country's leading iron ore player

Niti Aayog member Rajiv Gauba calls for light-touch regulation for growth

Gauba said the state should be firm where risks are high and light-touch where risks are low, while remaining predictable in both cases

Regulation must manage risks while supporting growth: NITI Aayog's Gauba

The NITI Aayog member said regulation should be calibrated to risk while remaining predictable for businesses

Goyal holds bilateral meetings with top officials of several US firms

Goyal highlighted India's growing strengths as a global hub for talent, innovation and business services, and the potential for deeper India-US business partnerships

RBI backs blockchain technology, remains cautious on crypto: Guv Malhotra

Sanjay Malhotra said RBI supports distributed ledger technology and tokenisation but remains wary of crypto assets over concerns about sovereignty, policy and capital flows in emerging economies

Today's financial resilience does not guarantee future stability: RBI guv

Speaking at the KEC 2026, Malhotra outlined five priorities for policymakers and called for continued vigilance against emerging systemic risks that are increasingly cross-border and interconnected