An additional policy rate cut is expected before year-end, alongside recent GST simplifications indicating that peak fiscal consolidation is behind us. These factors, combined with domestic regulatory easing, are likely to foster a gradual recovery in credit demand, said a report by Goldman
India's auto industry is witnessing a significant surge in festive sales this Dhanteras, with major automakers like Maruti Suzuki, Tata Motors, and Hyundai Motor India reporting robust customer demand, bolstered by positive market sentiment and the impact of GST 2.0 reforms.
India's retail inflation is expected to decline further in October 2025, driven by a high base effect, delayed seasonality in food prices, and the full impact of recent GST reforms, according to a report by Union Bank of India.
A renewed sense of enthusiasm and momentum has been felt across markets, industry, business circles, and among the general public, following recent reform in tax slabs of the Goods and Services (GST), said Union Commerce and Industry Minister Piyush Goyal during a press conference co-headed
Dhanteras marked the onset of Diwali festivities across India on Saturday, with bustling markets and enthusiastic buyers flocking to purchase gold, silver, utensils, and other auspicious items. Despite soaring gold prices, consumer enthusiasm remained high, providing a festive boost to local
"Accordingly, rate reduction, simplifying the process, bringing down the number of slabs from four to two, and resolving classification-related issues have all been completed well before time. Next-Gen GST Reforms came into effect from the first day of Navratri, and I feel the people of I
Union Commerce and Industry Minister Piyush Goyal on Saturday expressed confidence that India will see positive growth in exports this fiscal despite the uncertainties in global trade.
Uttarakhand Mining Secretary, Brijesh Sant, has said that reforms in mining policies in the state led to an increase in legal mining, resulting in increased revenue for the government. The state was awarded an Rs 100 crore incentive under the State Mining Readiness Index (SMRI) by the Cen
Finance Minister Nirmala Sitharaman, Commerce Minister Piyush Goyal, and Electronics & IT Minister Ashwini Vaishnaw on Saturday hailed the recent GST rate rationalisation as a major driver of economic momentum during this year's festive season.
Special Campaign 5.0 has been launched by DARPG (Department of Administrative Reforms and Public Grievances) for minimizing pendency in Government offices. Special Campaign 5.0 is being implemented in two phases namely Preparatory Phase from September 16-30 and Main Phase from October 2-3
Under the "State Mining Readiness Index (SMRI)" scheme introduced by the Government of India, Uttarakhand has secured second place in Category-C at the national level, earning an incentive grant of ₹100 crore, said a release issued by the State government.
The International Monetary Fund (IMF) has urged governments across the world to intensify efforts to strengthen private-sector growth, restore fiscal and monetary resilience, and address widening global imbalances amid an era of high economic uncertainty.