Some early indicators, particularly passenger vehicle sales, suggest an increase in demand. But the signals are not as clear for other goods and services owing to a lack of robust data.
India recorded ultra-low retail inflation of 0.25% in October and 0.71% in November. A sharp drop in food prices was a major reason behind the disinflation seen in recent months. The recent cuts in goods and services tax (GST) rates also played their part, primarily in October, the first full month with the revised rates.
Despite federal tax cuts aimed at reviving small car sales, recent data shows consumers favoring larger vehicles. Small car sales increased by just 3%, while compact SUVs grew by 17%, indicating a shift in buyer preferences amidst ongoing debates over emission norms.
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SBI Research estimates a 25 basis point decline in CPI inflation due to GST rationalisation from September to November 2025, with a potential total reduction of 35 bps for 2025-26. Inflation in India is projected to rise further due to rupee depreciation.
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The unique combination of tax rationalization, inventory clearances, and lower interest rates could save you lakhs. But don't let attractive discounts derail your household budget.
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The Bombay Chartered Accountants’ Society (BCAS) submitted a representation to the Finance Minister, CBIC, GST Council Secretariat, and Principal Chief Commissioner of CGST highlighting challenges in filing FORM GSTR-9 and GSTR-9C for FY 2024-25.
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IndiGo faces a penalty of nearly ₹59 crore linked to GST for the financial year 2020-21. The airline plans to contest this order, claiming it is erroneous, while assuring that it will not significantly impact its financials or operations.
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NEW DELHI: India’s rural economy expanded and recovered strongly in late 2025, with consumption, incomes and investment improving after a key tax reform and as inflation eased, a survey showed.
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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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