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Kochi: Promising a major policy reset, the UDF on Thursday said it would denotify land acquired for the SilverLine, while also reviewing the LIFE Mission, Kerala Bank and KIIFB if voted to power in the 2026 Assembly elections. Opposition Leader VD Satheesan said the UDF would not implement the SilverLine project and would immediately reverse land notification, calling it a major concern for affected residents. "The land notified for the project is a big trouble for the owners. They cannot sell ...Read More >
Erode (Tamil Nadu), Apr 2 (PTI) DMK President, Chief Minister M K Stalin, on Thursday, alleged that the NDA's betrayals include 'strangling' the MSMEs during the ongoing West Asia crisis. Addressing an election rally here, Stalin alleged AIADMK chief Edappadi K Palaniswami had no achievements to claim for his government during 2017-21; neither does PM Modi, who comes on "election tours" to Tamil Nadu. Ridiculing the slow pace of work to build Madurai AIIMS, as that project was announced by the ...Read More >
New Delhi: Unified Payments Interface (UPI) recorded 22.64 billion transactions in March 2026, reflecting continued growth in digital payments across the country, the Department of Financial Services (DFS) said on Wednesday. In a post on X, the department said, "UPI achieves 22.64 Bn transaction count in March'26! Thank you, India, for embracing digital payments and driving this revolution forward." Also Read: India's economy puts up brave front as GST, auto sales and UPI payments surge despit ...Read More >
New Delhi: The government has marginally exceeded its indirect tax collection target for 2025-26, buoyed by steady inflows from customs, excise and GST, even as collections from a key cess on pan masala fell short of expectations, an official said on Thursday. As per Revised Estimates (RE), total indirect tax collections -- comprising customs duty, excise duty and Central Goods and Services Tax (CGST) -- were pegged at over Rs 15.52 lakh crore for FY26. This included Rs 2.58 lakh crore from cus ...Read More >
New Delhi, Apr 2 (PTI) Ceigall India on Thursday said that its arm Ceigall Green Energy MP Ltd has signed 15 power purchase agreements with Madhya Pradesh Power Management Company for supplying electricity from a 130-MW solar capacity under the Surya Mitra Krishi Feeder Yojana. As per the agreements, Ceigall Green Energy MP Ltd will implement, operate, maintain, and supply power from its solar photovoltaic generating stations for 25 years at Rs 2.85 per unit, a company statement said. The Sury ...Read More >
New Delhi, Apr 1 (UNI) The PHD Chamber of Commerce and Industry (PHDCCI) has proposed a series of risk-based regulatory reforms aimed at easing compliance burdens in India's heavy industries sector, highlighting multiple structural bottlenecks that impact efficiency and growth. In its recommendations to the competent authority, the chamber pointed out that companies currently face duplication in corporate filings, with multiple annual forms such as MGT-7 and AOC-4 requiring overlapping disclosu ...Read More >
Pune, 1 April 2026: Force Motors Limited, India's largest van maker and a leading automotive manufacturer, reported total domestic wholesales of 36,536 units in FY 2025-26, registering a 20% growth compared to 30,531 units in FY 2024-25. The year witnessed growth across the portfolio, owing to strong demand in both urban and rural passenger mobility segments and continued strength in institutional and defence businesses. The company's flagship, Force Traveller, maintains its leadership in the l ...Read More >
Mumbai: The Brihanmumbai Municipal Corporation (BMC) recorded its highest-ever property tax collection for the financial year 2025-26, crossing Rs 7,610 crore and surpassing its revised target of Rs 7,341 crore. The civic body achieved 103.7 per cent of its target, driven by strong recoveries and improved compliance. Among the top contributors, the K-East ward, covering Andheri East, emerged as the highest property taxpayer with collections of Rs 719.2 crore. It was followed by G-South ward, wh ...Read More >
Will the RBI hike rate as crude crosses $100 and the rupee weakens -- or hold steady to protect growth? The Reserve Bank of India will hold its first monetary policy meeting of FY27 from April 6 to April 8. The meeting comes at a time when India is grappling with global uncertainties, including escalation in tension in the Middle East, crude prices surging and the rupee at all-time low. Crude prices above $100 per barrel have led to a sharp spike in LPG prices. Supply disruptions in the Strait ...Read More >
In the fiscal year 2025-26 that ended on Tuesday, the state government's own internal resources through revenue collection from major departments looked positive with an estimated collection of ₹56,000 crore as against the target of ₹59,520 crore for the current FY, officials in the state finance department said. The highest collection is from commercial taxes department, which has achieved a growth of 9.20% in state GST collection in FY 25-26 from last year FY 24-25. The total revenue colle ...Read More >
NEW DELHI: Goods and services tax (GST) collections rose 8.8% in March to cross the Rs 2 lakh crore mark for the first time since rates were lowered in Sept.Latest data showed that collections from domestic sources, based on transactions in Feb, went up nearly 6% to Rs 1,46,202 crore. The kitty based on imports expanded nearly 18% to Rs 53,861 crore, pointing to the impact of higher gold and silver imports, amid hardening of global oil prices towards the end of Feb when tension in West Asia was ...Read More >
VIJAYAWADA: Andhra Pradesh has achieved a 10% increase in the net GST collection in March 2026. Additionally, the State recorded an overall growth of 6% for the financial year 2025-26, marking a significant accomplishment in the current economic scenario. According to Chief Commissioner (State Taxes) Babu A, the growth was realised despite numerous structural and policy-related challenges, particularly the effects of GST 2.0 reforms. These reforms, designed to streamline tax rates and simplify ...Read More >
Hyderabad: Despite the Middle East crisis and halted LPG supplies, Telangana recorded a nine per cent growth in GST collections this March. The state earned Rs 4,020 crore compared to Rs 3,685 crore last year. Total collections for the 2025 to 2026 financial year reached Rs 46,202 crore, marking a five per cent annual increase from Rs 44,025 crore. Commercial taxes department officials stated that government measures to collect GST from traders are yielding desirable results. Robust tax filing ...Read More >
Mumbai, April 2: Gold prices (gold rates) in India hit a fresh psychological milestone on Thursday, April 2, as domestic retail rates for 24-karat gold surged past the INR 1.52 lakh mark per 10 grams. According to the latest data from the GoodReturns website, the precious metal extended its record-breaking rally for a fourth consecutive session, driven by a weakening US dollar and a spike in international spot prices. This rally marks a significant recovery following a period of high volatility ...Read More >
NEW DELHI: GST revenues grew about 9 per cent in March, scaling to the pre-tax cut level of over Rs 2 lakh crore, the third highest monthly collection in the 2025-26 fiscal, buoyed by mop-ups from imports as well as domestic sales and purchases, government data showed on Wednesday. Gross domestic revenues rose 5.9 per cent to over Rs 1.46 lakh crore, while those from imports grew 17.8 per cent to Rs 53,861 crore during the month. The gross Goods and Services Tax (GST) mop-up was Rs 1.83 lakh cr ...Read More >
New Delhi: High-frequency indicators released at the end of the fiscal year signalled that India's economy has stayed resilient despite disruptions stemming from the Gulf war. Goods and services tax collections grew 8.8% year-on-year in March, while domestic passenger vehicle sales recorded a strong 16.3% increase. Power consumption rose 1.8% to 149.56 billion units during the month and railway freight loading climbed 3.4% to 166.2 million tonnes. Digital payments also remained robust, with UP ...Read More >
India's gross Goods and Services Tax (GST) collections rose to a 10-month high of INR 2 lakh crore in March, up 8.8 per cent from a year-ago, the third highest monthly collection in the 2025-26 fiscal, buoyed by mop-ups from imports as well as domestic sales and purchases, according to official data. Gross domestic revenues rose 5.9 per cent to over INR 1.46 lakh crore, while those from imports grew 17.8 per cent to INR 53,861 crore during the month. The gross GST mop-up was INR 1.83 lakh cror ...Read More >
Ahmedabad: Gujarat tax revenues posted a strong uptick in March 2026, led by strong growth in state GST collections. State GST (SGST) collections increased 18.7% year-on-year to Rs 7,352 crore in March, up from Rs 6,190 crore in the same month last year. On a month-on-month basis, SGST revenue was 8.8% higher than in February.The state exchequer collected Rs 11,418 crore in March from a mix of levies. VAT contributed Rs 2,714 crore, electricity duty Rs 1,328 crore, and business tax Rs 24 crore, ...Read More >
Police in Meerut said the Crime Branch uncovered a GST fraud linked to fake firms and invoices used to claim illegal input tax credit. One accused, Pramod Kumar, was arrested after an investigation tied to a Ganganaagar police station case. Officials estimate an INR 3 crore loss, with the total potentially higher. Meerut's crime branch has detected a Goods and Services Tax GST fraud worth crores. Police said one person was arrested in the case on Wednesday. The alleged scam surfaced while offic ...Read More >
ITANAGAR, 1 Apr: Arunachal Pradesh has recorded the highest goods and services tax (GST) revenue growth across all states and union territories in India for the cumulative period from April 2025 to March 2026, registering an overall growth rate of 27.5 percent compared to the same period in the previous financial year. "At 27.5% overall growth, Arunachal Pradesh is growing at over four times the national GST growth rate of 6.4% - a feat unmatched by any other state in the country," the central ...Read More >
Panaji: The GST revenue data for 2025-26 shows that while the state's taxpayer base is expanding, Goa is seeing a significant loss of fiscal momentum. The total GST collected in Goa for 2025-26 came in at Rs 6,950 crore, representing an overall decline of 2.1% over the previous year at a time when national GST collections grew 6.4%.Of the Rs 6,950 crore collected as GST from taxpayers, Goa govt earned Rs 4,575 crore for the year ending March 31, a flat 1% growth. The remaining GST was credited t ...Read More >
Meerut (UP), Apr 1 (PTI) The crime branch unit in Meerut has unearthed a Goods and Services Tax (GST) fraud involving crores of rupees and arrested one accused in connection with the case, police said on Wednesday. The incident came to light during the investigation of a case registered at Ganganaagar police station. During the probe, it was found that Pramod Kumar (56), a resident of Pratap Vihar Colony in Brahmpuri, along with his associate Sarvang Jain and others, had created a network of f ...Read More >
New Delhi: India's goods and services tax (GST) collections closed on a firm footing in the just-ended fiscal year, with March collections crossing ₹2 lakh crore mark for the third time, signalling resilient consumption despite significant cut in rates during the year. Experts however took a cautious stance for the coming months amid the global turmoil caused by the Iran war. Gross collections for March grew 8.8% from a year ago, reaching a 10-month high. This was led primarily by robust impor ...Read More >
Dimapur, April 1 (MExN): Nagaland emerged as one of the top-performing states in Goods and Services Tax (GST) growth during the financial year 2025-26, registering a 28.4% year-on-year increase in domestic collections, significantly higher than the national average. The growth places Nagaland as his at the top among States/Union Territories in year-on-year % growth in domestic GST collections. Only OIDAR (Online Information Database Access and Retrieval services) showed higher growth than the S ...Read More >
New Delhi: Domestic passenger vehicle sales rose by 16% in March, elevating annual volumes to a record 4.7 million vehicles in the just-ended fiscal year, largely fuelled by enhanced affordability after tax cuts last September and introduction of several new models. Sales of cars, sedans, and utility vehicles rose 8.3% to 4.7 million units in FY26, from 4.34 million units the year before. The Centre cut the goods and services tax (GST) on passenger vehicles with effect from September 22. Compan ...Read More >
Pune: Car sales in India, the world's third largest automobile market, clocked its highest-ever annual domestic wholesales in FY26, driven by Goods and Services Tax (GST) 2.0 and a strong festive season, with Maruti Suzuki, Mahindra & Mahindra, Tata Motors Passenger Vehicles and Toyota Kirloskar Motor clocking record volumes, while Hyundai Motor reported a decline. Domestic car volumes rose around 8 per cent year-on-year (y-o-y) to nearly 47,00,000 units in FY26, the highest-ever annual sales, ...Read More >
Vijayawada: Andhra Pradesh has registered a 10 per cent growth in net Goods and Services Tax (GST) collections in March 2026. "This reflects fiscal resilience despite rate cuts and structural challenges under GST 2.0 reforms," chief commissioner state taxes, Babu A stated on Wednesday. He said Andhra Pradesh outperformed several southern states with a 5.71 per cent annual GST growth, surpassing Karnataka, Telangana, Tamil Nadu, and Kerala. Net GST collections for March stood at ₹3,316 crore -- t ...Read More >
NEW DELHI: Spurred by GST 2.0 rate cuts in Sept last year and easier consumer bank lending rates, Indian car market shrugged off geopolitical tensions and concerns around US trade tariffs to close the year at a record 47 lakh units (4.7 million) in FY26, a 9% growth over the 43 lakh units (4.3 million) sold in the previous fiscal.The surge was led by SUVs, which grew their share in total industry sales from an estimated 54% in FY25 to 58% in 2025-26. SUVs have been the biggest focus for the car ...Read More >
Chandigarh, Apr 1 (PTI) Haryana has recorded the highest growth in State GST (SGST) collection among all states in 2025-26, according to a report by the Central Board of Indirect Taxes and Customs (CBIC). The state's post-settlement SGST collection stood at Rs 48,289 crore in FY26, registering a 21.5 per cent growth from Rs 39,743 crore in FY25. This is much higher than the national average growth of 5.7 per cent. An official spokesperson on Wednesday said the total GST collection in Haryana ...Read More >
Chennai: With the West Asia crisis impacting the fuel prices and availability, CPI inflation is expected to move up to 4.1 - 4.3 per cent in FY27, find rating agencies. The GDP growth could also ease to 6.5 per cent in FY27 from 7.5 per cent estimated for FY26. The ongoing conflict in West Asia has led to a surge in energy prices and impacted availability, which could lead to higher inflation, impacting consumer demand. The average CPI inflation is anticipated to more than double to 4.3% in FY ...Read More >
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