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 More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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).
Read More
Source: https://taxguru.in/goods-and-service-tax/gst-rate-reduction-simplify-tax-structure-sectors.html
The Government of India, following the recommendations of the 56th GST Council meeting on September 3, 2025, has rationalized and reduced GST rates on multiple goods and services—cutting rates from 28% to 18%, 18% to 12% or 5%, and 12% to 5% or Nil. This reduction stems from the recommendations of two Groups of Ministers (GoMs): one on Rate Rationalisation, constituted in 2021, aimed at simplifying GST slabs, correcting inverted duty structures, reducing classification disputes, and enhancing revenue; and another on Life and Health Insurance, formed in 2024, to assess GST on insurance products.
Read More