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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Source: https://taxguru.in/goods-and-service-tax/monitoring-gst-reduction-benefits-cbic.html
Following the GST rate rationalization recommended in the 56th GST Council meeting on September 3, 2025, the Central Board of Indirect Taxes and Customs (CBIC) has been authorized to monitor the pass-through of GST benefits to end consumers. CBIC tracks prices of essential commodities, including packaged foods and medicines, before and after September 22, 2025, to ensure reductions are reflected in retail prices.
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Source: https://taxguru.in/goods-and-service-tax/empanelment-cas-cost-accountants-special-gst-audit.html
The CGST & Central Excise Bhiwandi Commissionerate has invited online Expressions of Interest (EOIs) from Chartered Accountants, CA firms, Cost Accountants and Cost Accountant firms for empanelment to conduct Special Audits under Section 66 of the CGST Act, 2017.
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India is in a better position, and 2026 appears to be an improvement over last year, according to Ashish Gupta, chief investment officer (CIO), Axis Mutual Fund. “But with such heavy supply, you can’t expect a runaway market," he said.
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A term insurance plan offers more than a sense of security, it creates a financial cushion that protects your family in case of your absence. With the recent goods and services tax (GST) rate overhaul making term insurance products 18% cheaper, many people focus on simply "having" a policy. Far fewer stop to assess whether their life cover is actually adequate for their family’s needs.
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NEW DELHI: Prices of key inputs for the fast-moving consumer goods (FMCG) sector are moving in opposite directions, creating a mixed margin outlook for companies such as Hindustan Unilever, Marico and Parle Products.
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Speaking at HTLS 2025, Finance Minister Nirmala Sitharaman discussed the Indian rupee's performance against the dollar, emphasising the need to focus on current economic fundamentals. Despite the rupee's decline, she remains optimistic about India's growth trajectory.
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In this weekly Plain Facts compilation, we present to you data-based insights, with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by.
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Sitharaman said the proposed reforms would be similar to the reforms and simplification in the Income Tax Act
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