The chief of India’s market regulator and the deputy governor of the country’s central bank will headline the 18th edition of the Mint BFSI Summit in Mumbai today. The day-long summit comes at a time when India’s financial services landscape is being reshaped by new regulations, evolving customer expectations, and rapid advances in technology.
Read MoreThe chief of India’s market regulator and the deputy governor of the country’s central bank will headline the 18th edition of the Mint BFSI Summit in Mumbai today. The day-long summit comes at a time when India’s financial services landscape is being reshaped by new regulations, evolving customer expectations, and rapid advances in technology.
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An increase in the number of e-way bills generated for the shipment of goods within and across states suggested there was an uptick in economic activity in November after a dip in October, according to data available from GSTN, the company that processes tax returns.
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Car registrations barely grew between January and September 2025, compared to the same period last year. But a turnaround in October and an unusually strong November suggest a recovery may be taking hold.
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The Indian automotive sector is gearing up to end the calendar year on an exceptionally strong note, fuelled by a combination of record-breaking festive sales, favourable tax reforms and the onset of the traditional year-end stock-clearance period. This cocktail of conditions has created one of the most consumer-friendly buying windows in recent years—an opportunity amplified by the lasting impact of the recent goods and services tax rate cuts.
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India’s retail inflation likely inched up to 0.8% in November from a record low of 0.25% in October, largely driven by fading base effects, a Mint poll of 20 economists showed. While inflation is expected to have bottomed-out in October, prices pressures are expected to remain weak both in foods (due to a good monsoon and harvest) and non-foods (due to GST cuts and possibly weak demand).
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The Minister of Finance addressed concerns regarding challenges from the Inverted Duty Structure (IDS) under GST, highlighting that GST rates are prescribed by the GST Council, which in its 56th meeting on 3rd September 2025 recommended rationalizing the existing 4-tiered structure into a simplified 2-rate system—18% standard and 5% merit rate—with a 40% de-merit rate for select goods and services. While IDS has historically caused issues with blocked Input Tax Credit (ITC), the Council clarified that no ITC blockage is prescribed under current law.
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Source: https://taxguru.in/goods-and-service-tax/gst-compensation-dues-cleared-states-pending-govt.html
The Minister of State for Finance clarified in Rajya Sabha on 2nd December 2025 that almost all GST compensation dues have been paid to States/UTs for FY 2017-18 to 2021-22, except Arunachal Pradesh and Manipur, pending submission of audited AG certificates.
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Source: https://www.livemint.com/economy/adb-raises-india-fy26-gdp-forecast-to-72-11765347616650.html
The improved forecast for India follows a stronger-than-expected 8.2% expansion in the September quarter.
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The Ministry of Consumer Affairs has issued the Legal Metrology (Packaged Commodities) Second (Amendment) Rules, 2025, mandating that all pan masala packs, irrespective of size or weight, must display the Retail Sale Price (RSP) and comply with all other declarations under the Legal Metrology (Packaged Commodities) Rules, 2011.
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