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…
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…
While the Middle East crisis rattled oil markets worldwide, Pakistan had been playing a risky game, staying out of the spot LNG market. Now, the country has flipped its stance, rushing into the spot market as strained Qatari exports and wider supply uncertainty begin to bite, even paying above Asia’s spot LNG levels.According to a…
India’s crude oil imports have bounced back to near pre-conflict levels despite prolonged disruptions in the Middle East, as refiners adjusted their sourcing mix and leaned more on alternative suppliers. According to an HSBC Global Research report, Indian refiners managed to offset the impact of the Strait of Hormuz crisis by cutting reliance on traditional…
The yen has been steadily depreciating as Japan gradually emerges from decades of economic stagnation. (Image source: Adobe Stock) The Japanese yen has weakened to its lowest level against the US dollar since 1986, a move that is likely to heighten concerns among policymakers and keep market participants alert for the possibility of official intervention…
The Centre has extended the deadline for filing appeals before the Goods and Services Tax Appellate Tribunal (GSTAT) by one month to July 31, 2026, after taxpayers and industry raised concerns over technical glitches caused by a surge in filings on the GSTAT portal. The Centre has extended the deadline for filing appeals before the…
The Strait of Hormuz is showing signs of coming back to life after a tense spell due to Iran’s recent attacks on ships passing through the strategic corridor. Once heavily choked following US-Israel joint strikes on Iran on February 28, the waterway is now slowly regaining its rhythm, with more operators edging crude carriers back…
Reliance formally set Project Jupiter in motion by October. (file photo) Project Jupiter – that was the internal name of Reliance Industries’ project to push Jio Platforms Ltd towards its initial public offering – which is all set to be the biggest that the Indian stock market has seen.At Reliance Industries Ltd.’s annual general meeting…
GIFT City serves as the gateway for Indian investors to access overseas stocks. With interest in global investing rising, leading brokerages are establishing operations there to offer international investing to their customers. India’s largest discount brokerages, including Groww, Zerodha, Angel One, Upstox and Dhan, are gearing up to offer overseas investing through GIFT City, a…
Gold price prediction today: Gold prices are expected to continue being under pressure in the near-term as rate hike fears feed into a stronger dollar, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan. Source link
