Strong sales mask weak financial discipline, from poor cash flow tracking to GST lapses, leaving many small businesses locked out of credit.
Read MoreEarly business updates from 19 banks, excluding small finance banks, showed that only a few managed to shrink the gap between loan and deposit growth.
Getting customers to park their money in deposits remains a struggle for banks, as loan demand continues to race ahead of deposit growth. In the March quarter, HDFC Bank stood out as the sole lender to raise deposits faster than loans, a period when its peers struggled.
New Delhi, Apr 6 (PTI) Retail sales of vehicles across categories in India in 2025-26 grew by 13.3 per cent at a record 2,96,71,064 units as compared to 2,61,87,255 units in the previous fiscal, with GST 2.0 helping overcome a subdued start to the year, Federation of Automobile Dealers Associations said on Monday.
Read MoreThe auto sector continued to witness strong traction in retail volumes, with sustained momentum across segments following GST cuts. Wholesale volumes across all categories recorded double-digit growth.
Read MoreMaruti's first EV model missed its output goals by a wide margin, grappling with supply chain issues and a cautious approach to the Indian electric car market.
Maruti Suzuki India Ltd’s EV debut got off to a poor start with production falling short of target as its domestic launch got delayed, a rare-earth magnet crisis hit manufacturers and global electric vehicle sales growth slowed.
According to Mint’s review of the government's Vahan portal data, Tata Motors PV sold about 408,000 cars between September, when the govt cut GST, and March, higher than the 396,000 units sold by Mahindra and Mahindra.
Read MoreSource: https://www.livemint.com/economy/india-gst-revenue-march-crosses-rs2-trillion-11775026937609.html
Central and state governments collected ₹1.78 trillion in net GST revenue this March after adjusting for tax refunds, an 8.2% annual increase and the highest monthly total since the record ₹2.09 trillion collected in April 2025, official data showed on Wednesday. This also marked the strongest performance for tax collections since the significant GST rate cuts implemented last September.
Read MoreThe Central Bureau of Investigation (CBI) arrested an Assistant Commissioner of CGST, Ratlam, in a bribery case involving alleged demand of ₹5 lakh from a taxpayer to avoid initiation of GST proceedings. Acting on a complaint, the CBI registered a case on 31 March 2026 and conducted a trap operation, during which the officer was caught red-handed while accepting ₹1.5 lakh through a middleman at the CGST office.
Read MoreThe Government of India clarified in Lok Sabha that GST rates, including those on agricultural inputs, are determined based on recommendations of the GST Council, a constitutional body representing both Centre and States. Concerns were raised regarding high GST (18%) on items like fruit protection paper bags used by farmers.
Read MoreIndia’s insurance sector is witnessing a major shift. Health insurance premiums have crossed ₹1.17 lakh crore* in FY25, reflecting strong and reliable growth across the industry. This change is not just about rising numbers; it shows how people today are becoming more aware of financial protection. At the same time, the expected GST removal on health insurance in September 2025 is set to bring a new wave of demand. This article explains how these changes are creating a complete and improved environment for both health and life coverage.
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