Chaitanya explained, "High GST rates have reduced consumers' ability to spend, leading to a noticeable decline in demand. This fall in consumption has directly impacted retail businesses, particularly small traders who depend on steady daily sales." He noted that while the Central Governm
States' consolidated gross fiscal deficit increased to 3.3 per cent of gross domestic product (GDP) in 2024-25, after remaining below 3.0 per cent during the previous three consecutive years, Reserve Bank's annual publication "State Finances: A Study of Budgets" noted.
A report from Bank of Baroda highlights that this gap represents a significant policy opportunity, as India possesses larger potential due to favourable demographics. The report notes that more efforts are being directed towards holistic tax reforms, including simplification, rationalisation
A bench of Chief Justice of India Surya Kant and Justice Joymalya Bagchi also granted Anil Ambani and the Anil Ambani Group the last opportunity to file their counter-affidavits. The court noted that notices had earlier been issued to the respondents, but no responses had been filed so fa
Taking to his Instagram handle, Vishal Jethwa penned a long note after Neeraj Ghaywan's Homebound, which starred in the lead role, missed the Oscar nominations in the category of International Feature Film.
The luxury automotive landscape in India is witnessing a significant shift as younger professionals increasingly drive demand, particularly in the tech hub of Bengaluru. Speaking at the launch of a new Mercedes-Benz facility in the city, Santosh Iyer, Managing Director and CEO of Mercedes-Be
Iran has economic problems due to sanctions against it and some people are angry "but other people use this opportunity to reach their target and achieve their aims", Dr Abdul Majid Hakeem Ilahi, Representative of Iran's Supreme Leader Ayatollah Ali Khamenei, has said and noted that the s
Terming the current period as a "culmination of remarkable intensifying relations," the official noted that both sides now recognize that their security and prosperity are fundamentally linked in a shifting global landscape.
Speaking to ANI, Vaishnaw said that when the Semiconductor Mission was launched on January 1, 2022, the government had set a goal of starting commercial production within five years. He noted that the first commercial production will begin in 2026, with four plants expected to commence op
The Principal Bench of the NGT, headed by Chairperson Justice Prakash Shrivastava and Expert Member A. Senthil Vel, registered an Original Application based on media reports highlighting Mehta's death and subsequent investigations. The Tribunal noted that the land where the incident occur
Paytm is positioned as a "payments toll-road operator" within India's digital commerce ecosystem, according to an Investec Equities research report that initiated coverage on One 97 Communications Ltd with a Buy rating and a target price of Rs 1,550. The research firm states that the company