With rising healthcare costs, climate risks, and demographic changes, insurance is no longer optional, it is essential social infrastructure. The GST framework must evolve to recognise this reality, writes Nangia & Co Managing Director Rakesh Nangia.
India could be among the key beneficiaries of the current global realignment in trade, but its gains depend on more than just geopolitical favour, said Martin Wolf, Chief Economic Commentator of the Financial Times, in an interview with CNBC-TV18. He pointed out that the US under Donald Trump is “reintroducing discrimination into trade policy” and … Read more
The Petroleum and Natural Gas Regulatory Board (PNGRB) has approved new unified tariff regulations for natural gas pipelines, a move that could lead to a revision in CNG and PNG prices across several cities, sources told CNBC-Awaaz. A key reform under the new regime is the reduction of tariff zones from three to two. The … Read more
Finance Minister Nirmala Sitharaman on Wednesday reviewed the progress of the GIFT International Financial Services Centre (IFSC) at Gandhinagar, emphasising the need to fast-track reforms and position the IFSC as a strategic gateway for global capital inflows into India. The Finance Minister stated that the development of GIFT IFSC must align with the broader vision … Read more
Goldman Sachs expects a slowdown in growth for consumer durables and electrical companies in the first quarter of 2025-26 (FY26) due to weak seasonal demand. But lower inflation, tax cards, favourable interest rates, lower interest rates, that is, should reflect in demand for the sector and sentiment in the second half. Pulkit Patni, India Industrials … Read more
The next time you shop for books — whether for yourself or your children — take a closer look at the bill. You might notice different GST rates. That’s because the applicable GST varies depending on the type of book and where you purchase it from. Here’s a quick breakdown: School textbooks prescribed by … Read more
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday (June 25) approved ₹6,000 crore outlay for Jharia Master Plan, government sources told CNBC-TV18. The master plan will involve rehabilitation of affected people in the vicinity of the Jharia coal mine in Jharkhand. There will be allocation of fund for the rehabilitation of affected people to … Read more
In a major procedural update to India’s indirect tax framework, the Central Board of Indirect Taxes and Customs (CBIC) has clarified the appeal, review, and revision mechanisms for Orders-in-Original (O-I-Os) passed by Common Adjudicating Authorities (CAAs) in cases investigated by the Directorate General of GST Intelligence (DGGI). The clarification, issued through a detailed circular dated … Read more
Finance Minister Nirmala Sitharaman on Tuesday (June 24) laid out the government’s trade and manufacturing vision under the Viksit Bharat plan. Speaking at the Trade Conclave 2025, she said India’s export-led momentum is becoming more broad-based and resilient. India’s total exports for FY25 touched $825 billion, a new all-time high, and a 6% rise over … Read more
On the India-ASEAN Free Trade Agreement (FTA) under review, sources have indicated that India had opened 71% of its tariff lines, while Indonesia had opened only 41%, Vietnam had opened 66.5%, and Thailand had opened 67% of its tariff lines despite India having a lower per capita income. With nine rounds of renegotiation already having … Read more