Page 118 - Economy
3-day registration for GST, 90% provisional refunds from November 1
CBIC Chairman Sanjay Kumar Agarwal said the scheme will cover both central and state jurisdictions, and apply in cases where applicants are assessed to be low-risk
 "3-day registration for GST, 90% provisional refunds from November 1")
Experts welcome GST Council move to ease post-sale discount disputes
GST Council amends rules on post-sale discounts to allow credit notes without invoice linkage, a change experts say will reduce litigation and benefit businesses
 "Experts welcome GST Council move to ease post-sale discount disputes")
Why your alcohol, fuel bills won't see any reduction under GST 2.0 reforms
Despite sweeping reforms to the goods and services tax, alcohol and petrol remain outside its ambit, shielded by Constitutional provisions and states' heavy dependence on excise revenues
 "Why your alcohol, fuel bills won't see any reduction under GST 2.0 reforms")
India's forex reserves jump by $3.51 billion to $694.23 billion
The overall reserves had dropped by $ 4.386 billion to $ 690.72 billion in the previous reporting week
 "India's forex reserves jump by $3.51 billion to $694.23 billion")
GST reforms bring major relief to diamonds and jewellery sector: GJEPC
These reforms, combined with GST reductions in allied sectors such as handicrafts, leather goods, and packaging, will further strengthen India's diamonds and jewellery ecosystem
 "GST reforms bring major relief to diamonds and jewellery sector: GJEPC")
India will continue to buy Russian oil as required, says FM Sitharaman
Finance Minister Nirmala Sitharaman said India will keep buying Russian oil, stressing that the country's energy decisions are guided by national interest and citizens' needs
 "India will continue to buy Russian oil as required, says FM Sitharaman")
Indian firms turn to small-town markets insulated from US tariffs
Consumption growth in India's countryside has outpaced that in urban markets for six straight quarters, according to data analytics firm NielsenIQ
 "Indian firms turn to small-town markets insulated from US tariffs")
EU ban on Russian fuel: India's diesel exports to Europe surge 137% in Aug
Analysts credited the surge in Europe's demand to multiple factors, including an unexpected early maintenance at a major refinery and projected winter demand
 "EU ban on Russian fuel: India's diesel exports to Europe surge 137% in Aug")
New GST reforms to cause ₹3,700 cr revenue loss to govt: SBI report
The government estimates the net fiscal impact of GST rates rationalisation will be ₹48,000 crore on an annualised basis
 "New GST reforms to cause ₹3,700 cr revenue loss to govt: SBI report")
New GST rates: Tax relief for India's cement industry comes at a cost
GST rate cut on cement from 28% to 18% is expected to benefit cement companies in the medium term, though margins may face pressure in the near term as benefits are passed on to consumers
 "New GST rates: Tax relief for India's cement industry comes at a cost")
How gaps in governance standards weigh on India's sovereign ratings
Fitch Ratings keeps country at lowest investment grade, citing poor scores in political stability and corruption control
 "How gaps in governance standards weigh on India's sovereign ratings")
'No need to panic, negotiations underway': Piyush Goyal on Trump tariffs
Union Minister Piyush Goyal said there is never a fixed timeline for negotiations and they should be conducted patiently with a long-term perspective
 "'No need to panic, negotiations underway': Piyush Goyal on Trump tariffs")
GST cut will reduce prices of Alto, Wagon R: Maruti chief R C Bhargava
Small car market likely to grow by over 10% this year, says R C Bhargava
 "GST cut will reduce prices of Alto, Wagon R: Maruti chief R C Bhargava")
Sin goods to face extra levy over 40% GST: CBIC chief Sanjay Kumar Agarwal
CBIC chief says repayment of compensation cess loan likely to be completed by Dec-end
 "Sin goods to face extra levy over 40% GST: CBIC chief Sanjay Kumar Agarwal")
Corporate sector revenues continue to trail India's robust GDP growth
Nominal GDP uses current market prices while real GDP takes constant prices from a base year to adjust for implied inflation in the economy called GDP deflator
 "Corporate sector revenues continue to trail India's robust GDP growth")
GST reforms to boost competitiveness of exporters across sectors
The removal of the value threshold for GST refunds will significantly benefit small and e-commerce exporters by making even low-value shipments eligible for refunds
 "GST reforms to boost competitiveness of exporters across sectors")
Will talk to industry bodies if lower rates not passed on: CBIC Chairman
Sanjay Agarwal says CBIC will flag cases with industry bodies if firms fail to pass on GST relief
 "Will talk to industry bodies if lower rates not passed on: CBIC Chairman")
GST cut likely to defer insurance buying till new rates kick in
Experts expect spike in health and life insurance sales post-September 22, 2025, after GST exemption on individual policies takes effect, but many customers are likely to defer purchases until then
 "GST cut likely to defer insurance buying till new rates kick in")
Companies expect demand boost after 10% GST cut on AC, TV, dishwashers
Electronics and appliances industry may close the year with 20% growth, says one executive
 "Companies expect demand boost after 10% GST cut on AC, TV, dishwashers")
Datanomics: Fast-moving goods and services key to meeting Modi's objectives
Looking from a different perspective of durability of the products, it is non-durable or fast moving products which would have higher impact on the demand