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MUMBAI: Hindustan Unilever (HUL) has said that sales have been impacted in Sept as markets prepared for the new GST regime leading to some temporary disruptions in the supply chain. Distributors and retailers postponed placing orders for fresh stock as they awaited new packs with updated prices to hit the markets and instead focused on clearing old stock. Consumers too delayed pantry buying, leading to "lower orders" across the portfolio. "Given our existing pipeline inventory in the channels, we expect this impact to continue into Oct as well," HUL said in an exchange filing on Friday.
New Delhi, Oct 7 (PTI) Leading FMCG companies have reported disruption in trade in September on account of implementation of new GST slabs, which in turn impacted revenue and profitability in the second quarter. Major players including HUL, Dabur and Marico, continued their momentum in July and August with a stable demand trends. However, in September, they had to absorb the transitory impact of disruption in trade channels on account of GST reforms and one of them expects the impact to drag in October. According to them, the consumers had deferred their purchase after the government announc ...Read More >
New Delhi, Oct 26: India's economy is expected to maintain steady growth in the second half of FY26, driven by robust domestic consumption despite global headwinds, according to an SBI Capital Markets (SBICAPS) report. While escalating trade tensions and high tariffs -- particularly the US imposing 50 per cent duties on Indian exports -- pose external challenges, India's internal demand continues to anchor growth. Government-led capital expenditure at both central and state levels has increased, supporting investment momentum. To stimulate consumption, recent GST rate adjustments were timed ...Read More >
New Delhi, April 8 (SocialNews.XYZ) The Reserve Bank of India (RBI) on Wednesday kept the repo rate unchanged at 5.25 per cent, and maintaining the status quo in its latest Monetary Policy Committee (MPC) meeting. The Standing Deposit Facility (SDF) rate has been kept unchanged at 5 per cent, while the Marginal Standing Facility (MSF) rate remains at 5.50 per cent, RBI Governor Sanjay Malhotra said while announcing the MPC decision. The RBI Governor described 2025 as a challenging year, but noted that inflation has eased since the October policy. He also highlighted improved efficiency in th ...Read More >
New Delhi: The ninth year of the Goods and Services Tax (GST), which begins on Tuesday, could actually see the much-awaited rationalisation of the rates, although the shrinking of slabs from four major ones to three is unlikely.While the tax regime stabilised over eight years, this is evidenced by consistent rise in collections - from a monthly average of a little over Rs 1.2 lakh crore to more than Rs 1.8 lakh crore - and the number of taxpayers increasing to over Rs 1.5 crore by March-end.Name any agency or tax expert and rationalisation of tax rates is top item on the wish list. "The next p ...Read More >
New Delhi: The Indian auto industry has clocked its highest-ever wholesales for any October, with all major segments, passenger vehicles, two-wheelers, and three-wheelers registering record despatches. This sharp uptick was driven by festive demand during Navratri and Diwali, along with the impact of reduced Goods and Services Tax (GST) rates that kicked in late September. As per the latest data from the Society of Indian Automobile Manufacturers (SIAM), strong dealer push across urban and rural markets helped vehicle makers hit new highs in despatch volumes. Passenger vehicles (PVs) emerged ...Read More >
Ajmer (Rajasthan) [India], July 20 (ANI): Following incessant heavy rainfall for two consecutive days, the Anasagar Chaupati area in Ajmer was waterlogged on Sunday morning. As the lake overflowed, the residential areas bore the brunt. Traffic movement on the route has been halted; only large vehicles are permitted to move here, while small vehicles and two-wheelers are not being allowed. Earlier, the Ana Sagar lake in Rajasthan Ajmer overflowed on Saturday morning, following incessant rain, which caused waterlogging. Due to this, the road connecting Bajrang Garh to the market has been clos ...Read More >
Mumbai: Demand for fashion and electronics saw a 15-20% jump in sales over the weekend after the government slashed GST rates on consumer goods, triggering a surge in spending particularly in northern and southern regions although heavy rains dampened turnout in parts of the east and west. The GST that took effect on Monday in categories including clothing, electronics, footwear, and groceries were aimed at reviving household spending. The timing also coincided with the onset of the festive season, which typically drives the highest annual consumer spending in India. "It is a great start to ...Read More >
New Delhi [India], September 30 (ANI): India's thrust is for Self-Reliance (Atmanirbhar) to secure our supply chains; Self-Confidence (Atmavishwas) to aim for big goals; and Self-Protection (Atmaraksha) to protect the interests of India, said Union Minister of Commerce and Industry Piyush Goyal on Tuesday. According to an official release from the Ministry of Commerce and Industry, delivering the address at the Curtain Raiser event for the 30th CII Partnership Summit in New Delhi, the Minister underlined that great partnerships are built on technology, trust, trade, talent, and tradition. Al ...Read More >
Speaking at the curtain raiser event for the 30th CII Partnership Summit, Andhra Pradesh Chief Minister N Chandrababu Naidu said Google will be building its biggest data centre after the US in Vishakhapatnam. Through "atmanirbharta", India is building supply chains to navigate through weaponisation of trade, Union Minister of Commerce and Industry Piyush Goyal said on September 30. Delivering the address at the curtain raiser event for the 30th CII Partnership Summit in New Delhi, Goyal said gr ...Read More >
India's Goods and Services Tax (GST) revenue data for July 2025 may appear stable on the surface, but a closer look reveals troubling undercurrents that demand urgent policy attention. While gross GST collections rose 7.5% year-on-year to ₹1,95,735 crore, this growth is disproportionately fueled by imports, masking a worrying stagnation in domestic consumption and exposing structural inefficiencies in the tax system. The 7.5% overall rise is largely driven by a 9.7% increase in GST revenue from imports, far outpacing the 6.7% growth in domestic collections. This imbalance raises red flags abo ...Read More >
Thiruvananthapuram: Ravada A Chandrasekhar took charge as the new State Police Chief on Tuesday. He succeeds Shaik Darvesh Saheb, who retired on June 30. His tenure will run until July 1, 2027. A 1991-batch IPS officer currently serving as Special Director with the Intelligence Bureau, Chandrasekhar is on central deputation. He was selected over Nitin Agarwal, who topped the official list of probables. The appointment order, issued by Kerala Chief Secretary Dr A Jayathilak on behalf of the Governor, was released soon after a cabinet meeting held on Monday. Hailing from Andhra Pradesh's Godav ...Read More >
New Delhi: Traffic in central Delhi will be affected on Thursday as the traffic police has issued an advisory due to the Janmashtami and Tazia processions.According to police, the traffic movement in Paharganj is likely to be affected from 1.30pm in view of the shobha yatra for Janmashtami and the Tazia procession.The Janmashtami procession will start from Mandir Shri Banke Bihari Ji in Paharganj's Sangatrasan Bazar and pass through Desh Bandhu Gupta Road, Chuna Mandi, Main Bazar, Munja Chowk and Arakashan Road. The Tazia procession will start from Ajmeri Gate and proceed through Pul Paharganj ...Read More >
Mumbai: The Indian equity indices fell sharply to end the session nearly one per cent lower on Thursday -- a day after the 50 per cent US tariffs on Indian goods came into effect. Sensex ended the session at 80,080.57, down 705 points or 0.87 per cent. The 30-share index started the session in negative territory at 80,754 against last session's closing of 80,786.54 amid selling across the sectors. The Index further extended the losing momentum to hit an intra-day low at 80,013.02 following the implementation of US tariffs on Indian goods. Nifty settled at 24,500.90, down 211.15 points or 0.8 ...Read More >
According to the latest forecast from the IMF, India's economy is set to grow by 6.6% in FY26, a testament to its solid economic backbone and adaptability. The surge in consumer spending and significant infrastructure projects are propelling this growth. The International Monetary Fund (IMF)'s recent upward revision of India's FY26 economic growth forecast to 6.6% from 6.4% earlier reflects the country's economic resilience and strong fundamentals, Commerce and Industry Minister Piyush Goyal sai ...Read More >
India must fire on all cylinders -- focusing on domestic demand, reforms, investment, innovation, and trade integration -- to sustain high growth India must fire on all cylinders -- focusing on domestic demand, reforms, investment, innovation, and trade integration -- to sustain high growth and meet its long-term development goals, Krishna Srinivasan, Director of the Asia and Pacific Department (APD) at the International Monetary Fund (IMF), said on Thursday. Responding to a question on India's approach to tariffs and self-reliance, Srinivasan told the news outlet, "If India has to grow at t ...Read More >
New Delhi [India], October 17: The 7th edition of Windergy India 2025, the exclusive international trade fair and conference for the wind energy sector in the country, is scheduled to take place this October from 29-31 at the Chennai Trade Centre. As India is making giant strides in wind energy generation, the event brings unparalleled opportunities to connect, collaborate and shape the future of renewable energy. Also Read | 'Jatadhara' Trailer: Sudheer Babu Battle Sonakshi Sinha's Evil Dhana Pisachi in This Mythic Supernatural Spectacle (Watch Video). Windergy India 2025 serves as a premie ...Read More >
India's Diwali sales hit a record high of Rs 5.40 lakh crore in goods and Rs 65,000 crore in services. This represents a 25 percent increase over last year. GST reforms and strong consumer demand fueled this growth. Brick-and-mortar stores saw a significant revival. Rural and semi-urban areas contributed substantially to the sales surge. Buoyed by GST reforms and strong consumer demand, India saw Diwali sales reach Rs 5.40 lakh crore in goods and about Rs 65,000 crore in services across the coun ...Read More >
New Delhi [India], March 31 (ANI): Texmaco Rail & Engineering Limited has secured a significant contract from the JSW Group for the manufacture and supply of freight wagons. According to Texmaco, the total value of the order stands at approximately Rs 421.38 crore, which includes Goods and Services Tax (GST). The base value of the contract, excluding taxes, is pegged at Rs 357.11 crore. The Kolkata-headquartered company received a Letter of Intent (LOI) from JSW Group Companies for the production of 20 rakes of freight wagons. The order comprises various specialized rolling stock, including B ...Read More >
Srinagar: The Counter-Intelligence Kashmir (CIK) unit of Jammu and Kashmir Police is conducting searches at ten locations across four districts in the Valley. An official told news agency -- Kashmir News Observer (KNO) that the raids are part of an ongoing investigation into a terror-crime case linked to a terrorist sleeper cell and recruitment module handled by Jaish commander Abdullah Ghazi from across the border. The searches are underway at one location in Pulwama, six in Ganderbal, one in Srinagar, and two in Budgam district -- (KNO) ...Read More >
Gross Goods and Services Tax (GST) collections rose 7.5 per cent year-on-year to Rs 1.96 lakh crore in July (for sales in June), data released by the government on Friday showed. Even though the pace of growth in gross GST collections picked up to 7.5 per cent in July from 6.2 per cent, this is the second consecutive month wherein the growth rate has been in single digits and much lower after posting double-digit growth in the first two months of the ongoing financial year. ARTICLE CONTINUES BELOW VIDEO Net GST collections, after accounting for refunds, took a hit by growing by just 1.7 per ...Read More >
New Delhi [India], September 16 (ANI): Consumers will get the benefits of reduced GST on medicines that have been manufactured and on chemist shelves before the new rates are implemented from September 22. The sweeping GST reforms unveiled on September 3, among other measures by the central government, have provided a substantial relief on health care, with taxes being either fully exempted or brought down to the lowest slab. Since then, there has been a widespread query about what will happen to medicines already in the supply chain before the new GST rates come into effect. Is it required ...Read More >
Mumbai: Demand for fashion and electronics saw a 15-20% jump in sales over the weekend after the government slashed GST rates on consumer goods, triggering a surge in spending particularly in northern and southern regions although heavy rains dampened turnout in parts of the east and west. The GST that took effect on Monday in categories including clothing, electronics, footwear, and groceries were aimed at reviving household spending. The timing also coincided with the onset of the festive season, which typically drives the highest annual consumer spending in India. "It is a great start to ...Read More >
India's economic growth is projected to remain steady in the latter half of the fiscal year, driven by robust domestic consumption and increased government capital expenditure. Despite global trade uncertainties and US tariffs, internal demand provides stability, with festive sales expected to reach a record high. The RBI's measures to ease credit flow further support economic resilience. India's economic growth in the second half of the current financial year is expected to remain steady, with ...Read More >
India is actively seeking a larger role in global supply chains as companies shift manufacturing. IMF Chief Economist Gita Gopinath highlights the need for reforms in land acquisition and labor. Skill development is also crucial for economic growth. India is working to capture a larger share of global supply chains as companies diversify away from traditional manufacturing hubs. Speaking to Times Network, IMF Chief Economist Gita Gopinath said, "India has made improvements in physical infrastruc ...Read More >
NEW DELHI, Sept 12 (Reuters) - Trade talks between India and the European Union have entered a crucial phase and negotiators are working intensively to meet a year-end deadline for signing the free trade pact, a top European Union Official said on Tuesday. The EU is India's biggest trading partner in goods, with bilateral trade hitting $137.5 billion in the 2023/24 fiscal year, up nearly 90% over the past decade. "We are now maximising our efforts to finalise negotiations by the end of the year ...Read More >
Andhra Pradesh Chief Minister N. Chandrababu Naidu has appealed to the Union Government to come to the rescue of aqua farmers in the State, who are under severe distress due to the imposition of 50 per cent tariffs by the United States. He asked the Government to consider announcing a 240-day moratorium on loan and interest repayments, interest subsidies, and a temporary waiver of the 5 per cent GST on frozen shrimp. Calling for a national policy to protect the interests of aqua farmers, Naidu wanted the Government to take measures to increase domestic consumption of aqua products. In a let ...Read More >
New Delhi, Sep 16 (SocialNews.XYZ) In a major relief for the pharma sector, the government has dismissed the mandatory rule for drug manufacturers to recall, or re-label medicines already released in the market before September 22, the Department of Pharmaceuticals said. This follows the latest revision in Goods and Services Tax (GST) rates early this month by the GST Council, which reduced the GST on medical devices to 5 per cent from 12 per cent. The National Pharmaceutical Pricing Authority (NPPA), in an Office Memorandum, clarified that companies can instead comply by ensuring revised pr ...Read More >
Delhi Police have dismantled a large interstate operation manufacturing and distributing fake life-saving drugs, seizing counterfeit medications and exposing a complex network of fraudulent GST firms used to launder the illicit proceeds. Photograph: Yves Herman/ReutersKey PointsDelhi Police busted an interstate racket manufacturing and supplying spurious life-saving medicines, arresting six people.Counterfeit drugs worth approximately Rs 2 crore were seized, including fake versions of medicines ...Read More >
Dimapur, Jul 18 (PTI) Two persons have died of Japanese Encephalitis (JE) in Nagaland, a health department official said on Friday. Chief Medical Officer, Dimapur, Dr Yartenla Jamir, said that of the seven JE cases detected in Dimapur, Chumoukedima, and Niuland districts, two persons have died so far. She expressed concern over the rise in Japanese encephalitis (JE) cases in the three districts, especially during the monsoon season, which increases the risk of transmission. The Health department has urged district administrations to issue a public advisory on JE prevention measures and to i ...Read More >
New Delhi [India], September 30 (ANI): India's thrust is for Self-Reliance (Atmanirbhar) to secure our supply chains; Self-Confidence (Atmavishwas) to aim for big goals; and Self-Protection (Atmaraksha) to protect the interests of India, said Union Minister of Commerce and Industry Piyush Goyal on Tuesday. According to an official release from the Ministry of Commerce and Industry, delivering the address at the Curtain Raiser event for the 30th CII Partnership Summit in New Delhi, the Minister underlined that great partnerships are built on technology, trust, trade, talent, and tradition. He ...Read More >