GST’s taxpayer base has expanded significantly since its rollout, rising from 66.5 lakh in 2017 to 1.65 crore as of May 2026, reflecting greater formalisation of the economy. When the Goods and Services Tax (GST) was rolled out on July 1, 2017, it marked India’s biggest overhaul of indirect taxation since Independence. Replacing a patchwork…
MUMBAI: India’s invisible surplus widened sharply in the quarter ended Mar 2026 and over FY26, driven by strong services exports and higher remittances, while primary income outflows remained contained.The surplus rose to $90,513.93 million in Q4 FY26, up 24.05% from $72,968.57 million a year earlier. For FY26, it expanded to $312,047.60 million, up 18.20% from…
NEW DELHI: The Centre on Tuesday revised the windfall tax on fuel exports, increasing the levy on petrol while reducing duties on diesel and aviation turbine fuel (ATF). The revised rates will come into effect from July 1.According to a finance ministry notification, the special additional excise duty (SAED) on petrol exports has been increased…
Despite gains, the S&P 500 and Nasdaq remained on course to end June with their first monthly declines after two strong months US stocks traded mixed to higher on Tuesday, the final trading session of June, with investors balancing a rebound in artificial intelligence (AI) stocks, resilient economic data and lingering concerns over interest rates…
The report said the motivation behind buying gold is becoming increasingly strategic Central banks across the world are increasing their gold holdings as geopolitical tensions reshape reserve management strategies, with many also planning to reduce their exposure to the US dollar over the coming decade, according to a new survey by the Official Monetary and…
Latest small savings schemes rates for July-September 2026 quarter Latest Post Office Small Savings Interest Rates: The interest on small savings savings, popularly known as post office savings schemes, have been declared for the second quarter of the current financial year 2026-2027. The interest rates for the July-September 2026 have been announced by the Finance…
The US-Iran peace deal could provide support to India’s economic growth by helping normalise supply chains The interim peace deal between Iran and the United States could provide support to India’s economic growth by helping normalise supply chains and easing geopolitical pressures, the Reserve Bank of India (RBI) said in its bi-annual Financial Stability Report…
​Nifty closed at 23,865.75, declining 80.50 points, while Sensex settled at 76,478.67, down 249.70 points Indian equity markets ended lower on Tuesday as selling pressure in information technology stocks weighed on benchmarks, while electric vehicle (EV) companies emerged as bright spots after the Delhi government announced a new EV policy aimed at boosting adoption of…
Oil prices were on track on Tuesday for their biggest quarterly decline since the early months of the Covid-19 pandemic in 2020, as investors closely monitored the possibility of fresh US-Iran talks amid growing uncertainty over a fragile ceasefire agreement.Brent crude futures for August delivery, which expire on Tuesday, rose 12 cents, or 0.16%, to…
The Expenditure Finance Committee (EFC) under the Finance Ministry has cleared a proposal for a Rs 1.25 lakh crore outlay under India Semiconductor Mission (ISM) 2.0, marking a major step in the country’s efforts to strengthen domestic chip manufacturing and build a comprehensive semiconductor ecosystem, sources told PTI. The Expenditure Finance Committee (EFC) under the…
