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India's tax engine is revving harder than ever. But are there enough drivers? India's tax system has undergone significant improvements in recent years. Taxpayers are paying advance tax on time and receiving refunds as early as seven days after filing their returns. But while India's tax engine is revving harder, are there enough drivers? Finance Minister Nirmala Sitharaman, in a conclave with the principal chief commissioners of the Central Board of Direct Taxes on June 23, said that the gove ...Read More >
The Indian Hotel and Restaurant Association (AHAR) announced a nationwide liquor bandh to oppose Maharashtra's tax hikes, which it said are pushing the industry towards a collapse. More than 20,000 bars and permit rooms across Maharashtra will shut operations on July 14 (Monday) in protest against the state government's tax hikes on liquor, which they characterised as "draconian". The Indian Hotel and Restaurant Association (AHAR) said the nationwide bandh has been organised to oppose the stat ...Read More >
Mumbai: A statewide strike by bars on Monday to protest three tax hikes imposed on the hospitality industry over the past year saw overwhelming participation across Maharashtra, according to Association of Hotels and Restaurants (AHAR), one of the apex bodies of restaurants and bars in the state that had given the bandh call. Sudhakar Shetty, president of AHAR, said almost 95% of bars and permit rooms in urban centres, including Mumbai, shut operations for the day, as did nearly all in rural are ...Read More >
New Delhi: India's Global Capability Centres (GCCs) have flourished on the back of robust infrastructure, business-friendly reforms and a deep talent pool but sustaining this momentum will require more work, Department of Economic Affairs (DEA) secretary Anuradha Thakur said on Monday. A targeted policy push, deeper Centre-state coordination and curriculum upgrades were among tasks lying ahead. Speaking at the CII (Confederation of Indian Industry) GCC's Business Summit, Thakur said the core d ...Read More >
Over 20,000 bars and permit rooms in Maharashtra will close on July 14 due to the Indian Hotel and Restaurant Association's protest against the state government's increased taxes on liquor, including VAT and excise duty hikes. AHAR claims these tax increases are crippling the Rs 1.5 lakh-crore industry, leading to potential business closures, job losses, and increased liquor smuggling. Over 20,000 bars and permit rooms across Maharashtra will shut operations on July 14 to protest against the st ...Read More >
Pune: The restaurant and hoteliers' association in the city said continuous hike in taxes on bars and restaurants has made it difficult for them to operate, forcing many small establishments to consider shutting down their business.Three tax hikes in a year on bars and restaurants in the state have already led to an increase in black market sales or smuggling of liquor from other states, Pune Restaurant and Hoteliers Association (PRAHA) said.The association has given a state-wide dry day call on ...Read More >
NEW DELHI, July 10 (Reuters) - A delegation from India is expected to visit the United States soon for trade talks, a government official told reporters, as the two countries look to iron out disagreements over duties for auto components, steel, and farm goods. India is among the few countries that are still negotiating a trade deal with Washington, as President Donald Trump ramps up his trade war with the threat of sharply higher tariffs from August 1. A team of Indian officials on an extende ...Read More >
Mumbai, Jul 9 (PTI) The hospitality industry in Maharashtra on Wednesday urged the government to withdraw its back-to-back hikes in Value Added Tax (VAT) and liquor license fees. "On July 1, the state government hiked VAT on liquor to 10 per cent from the current 5 per cent followed by a 15 per cent increase in license fees for the financial year 2025-26," Indian Hotel and Restaurant Association (AHAR) president Sudhakar Shetty told reporters. He said the tax burden is not just an economic blo ...Read More >
New Delhi: Total automobile retail sales across segments in India grew 4.84 per cent year-on-year in June to cross 20.03 lakh units, driven by festival and marriage-season demand, Federation of Automotive Dealers Associations (FADA) said on Monday. "Segment-wise, every category closed in the green with two-wheelers at 4.73 per cent, three-wheelers at 6.68 per cent, passenger vehicles at 2.45 per cent, commercial vehicles at 6.6 per cent, tractors at 8.68 per cent and construction equipment at 5 ...Read More >
In an interaction with PTI here, Stellantis India CEO and MD Shailesh Hazela said that any investor who comes to India would like to see a little longer horizon in terms of policies. "So our wishlist for the government is that whatever they decide to put across, it should be for a longer period," Hazela stated when asked about government actions which could propel growth of Indian auto industry. It would be great if there could be uniformity in policies across the country in terms of EVs (elec ...Read More >
Patna (Bihar) [India], July 6 (ANI): The ongoing Special Intensive Revision (SIR) campaign of the electoral rolls in Bihar is progressing rapidly and recognizing the efforts of the Polling station officials, the Chief Electoral Officer (CEO) of Bihar has announced a special incentive of Rs 6,000 for each. This additional honorarium is aimed at acknowledging their hard work and commitment during the intensive revision process. Also Read | PM Narendra Modi, Argentine President Javier Milei Agree ...Read More >
Ranchi: Union minister Nitin Gadkari on Saturday expressed concern over the "rising" number of poor, and said wealth was getting concentrated in the hands of some affluent people. There is a need for decentralisation of wealth, Gadkari said during an event in Nagpur, where he touched upon a range of issues, including agriculture, manufacturing, taxation and public-private partnerships in infrastructure development. "Slowly the number of poor people is increasing and wealth is getting centralis ...Read More >
Bhagalpur: Tight security arrangements have been made across Bhagalpur district for Muharram. The district administration has prohibited playing of disc jockey (DJ) and displaying of banned weapons during the Muharram processions, in view of the district being a communally sensitive. Magistrates and static police forces have been deployed at 416 places and police patrolling has been intensified in different areas under the supervision of SHOs of police stations in the district."Ten control rooms ...Read More >
Mumbai, Jul 5 (PTI) Union minister Nitin Gadkari on Saturday expressed concern over the "rising" number of poor, and said wealth was getting concentrated in the hands of some affluent people. There is a need for decentralisation of wealth, Gadkari said during an event in Nagpur, where he touched upon a range of issues, including agriculture, manufacturing, taxation and public-private partnerships in infrastructure development. "Slowly the number of poor people is increasing and wealth is getti ...Read More >
New Delhi: Minister of Petroleum and Natural Gas, Hardeep Singh Puri, announced that Indian Oil Corporation Ltd (IOCL) has solarized more than 36,000 retail outlets across the country. This major move aligns with Prime Minister Narendra Modi's vision of a self-reliant India and highlights solar energy's vital role in achieving energy independence. According to Minister Puri, powering IOCL outlets primarily through solar energy not only cuts down electricity bills but also supports the national ...Read More >
July 3 (Reuters) - Gold fell on Thursday as investors held back from making significant bets, awaiting the U.S. payroll data later in the day for insights into the Federal Reserve's policy direction. Spot gold lost 0.3% to $3,346.47 per ounce, as of 0211 GMT, while U.S. gold futures edged down 0.1% to $3,357.20. Gold appears to be consolidating at present within $3,320 to $3,360 range, with the market adopting a wait-and-see approach ahead of U.S. Non-Farm Payroll and ISM Services PMI data, ra ...Read More >
Srinagar, Jul 3 (PTI) The annual Amarnath Yatra began on Thursday with the first batches of pilgrims setting off from the twin base camps in Baltal and Nunwan towards the 3880-metre-high cave shrine in the south Kashmir Himalayas, which houses a naturally formed ice-lingam, officials said. The yatra started early morning from the twin tracks -- the traditional 48-km Nunwan-Pahalgam route and the 14-km Baltal route. The batches of pilgrims, including men, women and sadhus, left from the Nunwan ...Read More >
New Delhi: Cigarettes, carbonated drinks, and high-end cars are among items that may become more expensive if a proposal to replace the expiring compensation cess - in the Goods and Services Tax system - with cesses on health and clean energy, targeting tobacco products and automobiles, is passed. The Health Cess will apply to 'sin goods' - referring to products usually taxed at higher rates due to their perceived negative impact on society - and others in the higher 28 per cent GST bracket. Th ...Read More >
Noting that Chief Minister Bhagwant Mann appointed former IMF senior economist Arbind Modi as chief adviser and former World Bank economist Sebastian James as adviser to revive Punjab's struggling economy, Bajwa questioned the effectiveness of the appointments. "Is this the expertise that globally renowned economists are offering the AAP government? Even AAP leader Arvind Kejriwal, who often boasts about his revenue management skills, has failed to support Punjab in its hour of need," he said. ...Read More >
Raipur, Jul 2 (PTI) Chhattisgarh Chief Minister Vishnu Deo Sai on Wednesday noted public revenues are vital for development of a state and the country as he warned of action against entities resorting to Goods and Services Tax (GST) frauds. He made the remarks while presiding over a review meeting of the Commercial Tax (GST) department at Mantralaya's Mahanadi Bhavan, said an official statement. At the meeting, officials informed that Chhattisgarh registered an impressive 18 per cent increase ...Read More >
THIRUVANANTHAPURAM: Finance Minister K N Balagopal, on Tuesday, said that some practical problems of Goods and Service Tax (GST), which were evident from the beginning, are yet to be resolved. "I was one of the few people who expressed dissent over GST in the joint select committee due to these problems," the minister said, after inaugurating the GST Day celebrations of CGST Thiruvananthapuram zone at the Tagore Theatre. "Though said to be barrier-free, certain issues are persistent in the GST ...Read More >
Vijayawada: Andhra Pradesh recorded highest net GST collections amounting to 78,860 crore, reflecting a growth of 3.40% in first quarter of financial year. Total tax collections in Q1 (including all sectors) stood at Rs 213,361 crore, compared to Rs 13,096 crore in FY 2024-25, showing a growth of 2.02%, which indicates a sustained and healthy growth trajectory over the same period, according to Commissioner of Commercial Taxes Babu A. For three consecutive months - April, May, and June 2025, th ...Read More >
NEW DELHI: More than 30 years after it mandated a 200-point-roster system for earmarking posts for Scheduled Caste and Scheduled Tribe candidates in direct recruitments, the Supreme Court has now identified staff posts reserved for SC and ST candidates but provided no quota for OBC candidates.The judgment in R K Sabharwal case was delivered by a five-judge bench on Feb 10, 1995, during the tenure of 26th CJI A M Ahmadi, but it will be implemented now during the tenure of 52nd CJI in Justice B R ...Read More >
New Delhi [India], July 2 (ANI): The Institute of Chartered Accountants of India (ICAI), the world's largest accounting body, celebrated its 77th Chartered Accountants Day on July 1. On this occasion, a grand celebration was organised at Bharat Mandapam in New Delhi. The celebration was inaugurated by Hardeep Singh Puri, Minister of Petroleum and Natural Gas, as the Chief Guest in the presence of CA Charanjot Singh Nanda, President ICAI and CA. Prasanna Kumar D, Vice President, ICAI. Also prese ...Read More >
New Delhi [India], July 2 (ANI): The Institute of Chartered Accountants of India (ICAI), the world's largest accounting body, celebrated its 77th Chartered Accountants Day on July 1. On this occasion, a grand celebration was organised at Bharat Mandapam in New Delhi. The celebration was inaugurated by Hardeep Singh Puri, Minister of Petroleum and Natural Gas, as the Chief Guest in the presence of CA Charanjot Singh Nanda, President ICAI and CA. Prasanna Kumar D, Vice President, ICAI. Also prese ...Read More >
New Delhi [India], July 1 (ANI): As the Digital India Mission completed 10 years on Tuesday, BJP leader Pradeep Bhandari drew contrast between the BJP and the opposition bloc and said that while the INDI Alliance is associated with 'corruption and nepotism,' the Modi government is associated with the model of development. The BJP leader praised the central government for the success of Digital India and stated that the country now accounts for 50 per cent of global financial transactions, a tes ...Read More >
New Delhi [India], July 2 (ANI): The Institute of Chartered Accountants of India (ICAI), the world's largest accounting body, celebrated its 77th Chartered Accountants Day on July 1. On this occasion, a grand celebration was organised at Bharat Mandapam in New Delhi. The celebration was inaugurated by Hardeep Singh Puri, Minister of Petroleum and Natural Gas, as the Chief Guest in the presence of CA Charanjot Singh Nanda, President ICAI and CA. Prasanna Kumar D, Vice President, ICAI. Also prese ...Read More >
New Delhi [India], July 1 (ANI): As India marked eight years of the Goods and Services Tax on Tuesday, Congress leader Rahul Gandhi slammed the Modi government and termed the GST rolled out by it as a 'brutal tool of economic injustice and corporate cronyism.' The Congress leader alleged that the GST rolled out by the government was designed to 'punish the poor, crush MSMEs, undermine states, and benefit a few billionaire friends of Prime Minister Narendra Modi.' 'A 'Good and Simple Tax' was p ...Read More >
Delhi Bharatiya Janata Party (BJP) spokesperson and general secretary of the trade union 'Chandni Chowk Nagrik Manch', Praveen Shankar Kapoor, on Tuesday wrote to Delhi Mayor Raja Iqbal Singh complaining about the "poor condition" of the historic town and "lack of action by the MLAs and councillors" and seeking directions for its restoration. "The root issue in and around Chandni Chowk is that all MLAs and councillors are from Aam Aadmi Party (AAP), under whose political patronage encroachments ...Read More >
New Delhi [India], July 1 (ANI): As India marked eight years of the Goods and Services Tax on Tuesday, Congress leader Rahul Gandhi slammed the Modi government and termed the GST rolled out by it as a 'brutal tool of economic injustice and corporate cronyism.' The Congress leader alleged that the GST rolled out by the government was designed to 'punish the poor, crush MSMEs, undermine states, and benefit a few billionaire friends of Prime Minister Narendra Modi.' 'A 'Good and Simple Tax' was p ...Read More >
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