Amid US decision to impose 25 per cent additional tariffs on Indian goods for purchase of Russian oil, External Affairs Minister S Jaishankar said on Friday that China, not India, is the biggest purchaser of Russian oil and EU is the biggest purchaser of LNG and that the logic of singling
The Indian stock market on Thursday ended higher on the sixth consecutive session as investors' sentiments are optimistic due to the possible Goods and Services Tax (GST) rate cut.
Bihar Deputy Chief Minister Samrat Choudhary on Thursday said that the Group of Ministers (GoM) has extended its support to the Centre's proposals to eliminate the 12 per cent and 28 per cent slabs under the Goods and Services Tax (GST) structure.
In the last two years, restrictions on the movement of people and goods, the displacement of countless families from both communities, and extensive destruction to businesses, agriculture, and other socio-economic activities have had a significant impact.
External Affairs Minister S Jaishankar has said that bilateral trade in goods between India and Russia has increased more than five-fold from USD 13 billion in 2021 to USD 68 billion in 2024-25, and the trade imbalance should be addressed urgently.
Over the past five sessions, the Sensex has advanced around 2.3 per cent and the Nifty about 2 per cent, lifted by optimism around proposed Goods and Services Tax (GST) reforms. Experts note that strong domestic inflows and stable global cues have further strengthened investor confidence.
Consumer goods companies are expecting a stable FY26 for raw materials and a recovery in margins starting from the second quarter, according to a report by Nuvama.
The proposed Goods and Services Tax (GST) reforms are set to significantly impact various sectors by reducing tax rates, enhancing affordability, and boosting consumption, said a report by Systematix Research.
The Indian stock markets could see a major boost over the coming year as the government's move to rationalize Goods and Services Tax (GST) is expected to lift growth and sentiment.
The government's fiscal deficit could see a short-term increase due to proposed changes in the Goods and Services Tax (GST) structure, but the growth boost is expected to outweigh the temporary slippage, according to a report by Emkay Research.
The prices of small cars in India could see a reduction of about 8 per cent if the government decides to bring down the current Goods and Services Tax (GST) rate from 28 per cent to 18 per cent, according to a report by HSBC.
The fiscal cost of the government's proposed Goods and Services Tax (GST) rate rationalisation will remain manageable, according to a UBS report, which estimates the revenue loss to be about Rs. 1.1 trillion annually, or 0.3 per cent of GDP.