The impact of GST 2.0 was reflected quickly in tax collections and consumption indicators. Gross GST collections rose to Rs 1.96 trillion in October 2025, registering a 4.6% year-on-year increase, after the new tax structure came into effect.
Japan PM Sanae Takaichi's Cabinet approval fell to 67.5 per cent, a Kyodo survey showed, amid concerns over her Taiwan remarks and ties with China. The poll also found public worry over fiscal health, mixed views on inflation relief and support for tax reform.
Structural drivers, such as digitisation, technological advancements and favourable demographics, may continue to position India among the fastest-growing major economies, according to the Economic Outlook 2026 released by the Mastercard Economics Institute (MEI).
Speaking to ANI, Sankarasubramanian said this would reduce product costs and make fertilisers more competitive as GST-related issues are affecting phosphatic fertilisers.
Despite the reform momentum, Shriram said delays in approvals remain a persistent challenge for companies. "Time is important for industry. For approvals, time is required. But quicker decisions and time-bound decision-making will help the Indian economy and industry grow faster," he told AN
Lok Sabha Speaker Om Birla on Thursday observed that reforms in direct and indirect taxes, along with the "One Nation, One Tax" GST framework, have made the nation's tax structure simpler and more transparent, contributing to India's growth and prosperity.
The South Korean government is turning more optimistic about next year's corporate tax revenue as strong earnings at major semiconductor makers bolster the fiscal outlook, as per a report by Pulse, the English service of Maeil Business News Korea.
"Multilateral certainties are required and we are working on them as a continuous process. Once the decision is taken and when it has to come, it will certainly come forward," he said, referring to the multilateral tax certainty framework, on the sidelines of the International Tax Summit in
The domestic 10-year government bond yield is expected to trade in the range of 6.48-6.58 per cent in the current month, with a slight downward bias due to higher foreign institutional investor (FII) inflows, according to a report by Bank of Baroda.
The proposals, covering both direct and indirect taxes, aim to consolidate India's fiscal gains, reduce litigation, and align the country's tax architecture with its ambition of becoming a developed economy under the Viksit Bharat 2047 vision, the industry chamber said in a statement after m
The PHD Chamber of Commerce and Industry (PHDCCI) has submitted its pre-Budget memorandum for the Union Budget 2026-27, urging the government to adopt a series of direct tax reforms, among others, aimed at bolstering manufacturing, innovation, and taxpayer compliance.