Business confidence among Indian industry rose for the third consecutive quarter in the October–December period, supported by the economy’s resilience amid global uncertainty and expectations of further reforms, a survey by industry body Confederation of Indian Industry (CII) showed.
Read MoreThe Anti-Evasion Branch of the CGST Delhi South Commissionerate has arrested two individuals for allegedly fraudulently availing ineligible Input Tax Credit (ITC) of about ₹8.52 crore by issuing and using bogus invoices worth ₹199.90 crore without any actual supply of goods. Searches conducted on January 12–13, 2026 at the principal place of business, additional premises, and residential locations revealed closed or non-existent firms with negligible business activity.
Read MoreFor HDFC Life shares, regulatory headwinds-led volatility has weighed on investor sentiment, mainly stoking fears of margin compression.
Read MoreIf you are planning to buy a Maruti Suzuki car, January 2026 seems to be good time to bring one in your garage. The biggest carmaker in India is offering up to ₹1.70 lakh benefits on its range of passenger cars sold through the Arena network. However, the benefits are available till January 31, or till the stocks last. The benefits on the range of Maruti Suzuki cars in January 2026 comprise the GST price cuts along with month-specific cash discounts.
Read MoreICICI Securities analysts Vinod Kakri and Bhavesh Talreja said that after surprising last year on tax stimulus and GST cut later in the year, the Union Budget for FY27 is likely to limit spending and instead focus on developmental areas, like manufacturing and infrastructure.
Read MoreKolkata, Jan 13 (PTI) The Federation of Associations of Cottage and Small Industries (FACSI) has urged the Centre for tax, credit and regulatory relief measures for micro and small enterprises in the 2026-27 Union Budget, to sustain growth and strengthen their role in the industrial ecosystem.
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India's fiscal deficit from April to November 2025 stood at ₹9.76 trillion or 62.3% of the budget estimate for 2025-26, showed data from the Controller General of Accounts (CGA). Total receipts stood at ₹19.49 trillion, including revenue receipts of ₹19.10 trillion, while the government has spent ₹29.25 trillion.
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Shares of cigarette companies ITC and Godfrey Phillips slumped by up to 19% in Thursday's trade (January 1), after the government imposed an excise duty on cigarettes, effective next month onwards.
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India's states began FY24 with improved revenue but faced fiscal stress due to rising debt and fixed spending commitments. The CAG report highlights disparities in resource generation among states and a growing rigidity in budgets, limiting investment capacity despite better tax collections.
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States argue that their autonomy is being eroded as the Union government forces them to co-finance centrally sponsored schemes that they did not necessarily approve.
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