India is set to overtake Japan to become the world’s fourth-largest economy, but must not become complacent, as the country remains far behind Japan in GDP per capita terms, WEF’s former MD Claude Smadja said. According to IMF data dated April 2025, India’s GDP per capita of $2,878.4 is approximately 8.5% of Japan’s GDP per … Read more
YSRCP chief YS Jagan Mohan Reddy on Saturday, June 7, citing CAG’s data for April, claimed that Andhra Pradesh’s fiscal performance indicates ‘distress’. The former chief minister noted that the figures released by CAG for the month of April 2025 convey the ‘real picture’. “The State GST revenues for the first month of this financial … Read more
GST Network (GSTN) on Saturday said the monthly GST payment form GSTR-3B will become non-editable from the July 2025 tax period. In an advisory, GSTN said taxpayers can make changes in declared outward supplies in GSTR-1A before filing their GSTR-3B in the same return period. Such changes will be auto-populated in the tax payment form … Read more
Trade discussions between India and the United States are currently underway in New Delhi, with a key focus on reducing tariff and non-tariff barriers, improving market access, and strengthening supply chain resilience. Government sources told CNBC-TV18 that Brendon Lynch, Assistant US Trade Representative, is visiting India from June 4 to 10 as part of the … Read more
RBI MPC meeting LIVE Updates: RBI Governor Sanjay Malhotra in his address said the monetary committee has changed its stance to ‘neutral’ from accomodative. The RBI has also revised LTV rates for gold loans below ₹2.5 lakh to 85% from 75% RBI MPC meeting LIVE Updates: The Reserve Bank of India (RBI) surprised the market … Read more
With monthly GST collections now averaging over ₹2 lakh crore and state revenues remaining robust, tax experts believe the stage is set for a major structural reform: eliminating the 12% slab and moving towards a three-rate GST system. “The 12% rate, when it was introduced, was intended to be a transitional or intermediary rate. It … Read more
Neeraj Seth, Founder and Chief Investment Officer of 3R Investment Management, believes India’s ongoing interest rate easing cycle could go deeper than the market currently anticipates. While most economists expect the Reserve Bank of India (RBI) to stop at a repo rate of 5.5%, Seth sees room for it to fall to 5%, driven by … Read more
Morgan Stanley continues to hold a bullish view on the Indian economy, supported by strong short-term momentum and solid long-term fundamentals. Seth Carpenter, Chief Global Economist at Morgan Stanley, told CNBC-TV18 that India’s growth outlook remains robust due to both cyclical and structural drivers. “The Indian economy is clearly quite strong. And we have, as … Read more
The Reserve Bank of India may have room to cut interest rates, but it’s unlikely to take an aggressive approach, according to Chetan Ahya, Chief Asia Economist at Morgan Stanley. “Considering that we are not expecting a big dent to India’s growth story, since growth conditions will still be reasonable, RBI should take up two … Read more
With the Reserve Bank Monetary Policy Committee (MPC) scheduled to meet from June 4 to June 6, experts expect the central bank to cut interest rates by 25 basis points (bps). Here are some insights into what experts and economists expect the Reserve Bank of India (RBI) to do in shielding India in a world … Read more