In a major reform step, the Goods and Services Tax (GST) Council has approved a significant restructuring of the indirect tax regime. The decision replaces the existing four-tier structure with a simplified framework comprising two slabs—5% and 18%

The GST Council has rung in a structural change that is already catching the market’s eye. By simplifying the tax system into two primary slabs—5% and 18%—and reserving the steep 40% rate only for sin and luxury goods, the Council has made a de

Equity mutual funds have emerged as one of the most preferred investment avenues for retail investors, with assets under management (AUM) witnessing a sharp jump over the last five years. According to ICRA Analytics, equity MF AUM grew by 335.31%, re

Shares of Indian metal companies continued their upward momentum on September 3, with the Nifty Metal index rising over 3% in mid-day trade and closing at 9,678.50, marking its third consecutive session of gains. The rally was led by Tata Steel, whic

The Government of India has announced a major relief for chemical exporters by extending the export obligation period for Quality Control Order (QCO) products under the Advance Authorisation Scheme from six months to 18 months. The notification, issu

Crude oil prices eased slightly in Asian trading on Tuesday, September 3, 2025, after touching one-month highs earlier in the session. Traders kept a close eye on fresh U.S. sanctions targeting Iran’s oil sector and looked ahead to the upcoming OPE

Union Commerce and Industry Minister Piyush Goyal on Tuesday expressed optimism that India and the United States could finalise a bilateral trade agreement (BTA) by November, even as Washington has sharply raised tariffs on Indian exports. Speakin

The Union Cabinet is expected to approve a financial support package for micro, small and medium enterprises (MSMEs) later today, as the government looks to shield the sector from the impact of rising tariffs in the United States. Sources suggest the

The 56th meeting of the Goods and Services Tax (GST) Council opened in New Delhi today, with Finance Minister Nirmala Sitharaman presiding over the two-day deliberations. The session is drawing sharp attention from both consumers and industries, as m

India’s external sector began FY26 on a positive note, as the country’s current account deficit (CAD) narrowed considerably in the first quarter. According to data released by the Reserve Bank of India (RBI), CAD stood at $2.4 billion in Q1FY26,

Tax arrangements in a number of industries might change as a result of the 56th GST Council meeting. Lower rates may benefit businesses and consumers, but governments are still concerned about revenue losses. The main difficulty will be s

Edtech firm Winspark Innovations Learning, the parent company of PlanetSpark, and consumer electronics brand boAt are preparing for initial public offerings (IPOs), reflecting strong momentum in India’s primary market. Both companies have outlined