New Delhi, May 23 (IANS) The Indian government has effectively managed the impact of global crude oil volatility, maintaining stable fuel availability backed by strong refining capacity and supply systems that have ensured uninterrupted access to petrol and diesel, KPMG International’s Global Head for Energy, Natural Resources and Chemicals (ENRC) Anish De said on Saturday.In an exclusive interview with IANS, De said recent fuel price increases in India reflect the lag between global crude oil…
Latest GST News & Updates
New Delhi, May 22 (IANS) The Indian passenger vehicle segment has witnessed strong volume growth driven by GST rate cuts, the extended summer wedding season, and healthy demand for newly launched models, despite concerns over a weak monsoon outlook and the ongoing West Asia crisis, a report showed on Friday.ICRA expects passenger vehicle industry volumes to expand by 4.6 per cent in FY27, led by the likelihood of sustained demand momentum. The moderation in growth considers the elevated base of …
New Delhi, May 20 (IANS) India’s two-wheeler industry expected to witness wholesale volume growth of up to 5 per cent year-on-year in FY2027, supported by GST rationalisation and improving replacement demand, according to a report released on Wednesday.A report by ICRA has highlighted that domestic two-wheeler wholesale volumes recorded a sharp increase of 29.2 per cent year-on-year in April 2026 to reach 1.9 million units due to improved affordability following the implementation of GST 2.0 r…
New Delhi, May 19 (IANS) Opposition leaders on Tuesday strongly criticised the Centre over the recent increase in petrol and diesel prices, accusing the government of “looting” the public through repeated fuel price revisions amid a global surge in crude oil rates. The reactions came after state-run oil marketing companies revised fuel prices for the second time in less than a week, following a sharp rise in international crude oil prices triggered by escalating tensions in the Gulf region and c…
New Delhi, May 18 (IANS) The Enforcement Directorate (ED) on Monday arrested Aam Aadmi Party (AAP) leader Deepak Singla following searches at multiple premises linked to him and several others in connection with an alleged bank fraud-linked money laundering case.Raids were conducted at locations in Delhi and Goa associated with Singla and certain alleged hawala operators, after which Singla was arrested.According to sources, investigators suspect that Singla was involved in handling hawala-based…
New Delhi, May 13 (IANS) The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved a scheme for the promotion of surface coal/lignite gasification projects with a financial outlay of Rs 37,500 crore.The scheme is projected to create around 50,000 (direct and indirect) jobs across 25 projects in coal-bearing regions, according to an official statement.In a significant accompanying reform, the government has also extended coal linkage tenure up to 30 years under the “Prod…
New Delhi, May 12 (IANS) India’s economy continues to show resilience despite rising global uncertainty and the impact of the ongoing West Asia conflict, remaining the fastest-growing major economy in the world, an Assocham ‘Global Economic Outlook’ said on Tuesday.Despite global challenges, India’s economic fundamentals continue to remain resilient, with GDP growth expected to stay around 7 per cent in 2026-27.India entered this period with strong macroeconomic fundamentals, supported b…
Bengaluru, May 11 (IANS) Karnataka Chief Minister Siddaramaiah on Monday launched a sharp attack on PM Narendra Modi over his speech in Bengaluru, questioning whether he had spoken as the Prime Minister, the BJP state President, or the Leader of the Opposition in the state. In a press release, Siddaramaiah said the Prime Minister must clarify the “confusion” created in people’s minds about the capacity in which he addressed the gathering on Sunday.Although PM Modi targeted the Congress go…
New Delhi, May 11 (IANS) India’s economy has remained resilient amid global shocks and is projected to clock the full year 2026-27 GDP growth rate of 6.6 per cent, with real GDP growth of closer to 7.2 per cent in the fourth quarter last fiscal (Q4 FY26), an SBI Research report said on Monday.The GDP growth for last fiscal (FY26) is likely to be at 7.5 per cent. Despite global headwinds, the Indian economy has maintained strong growth momentum. High-frequency activity data indicates resilient …
Chandigarh, May 9 (IANS) The Enforcement Directorate (ED) on Saturday conducted searches at four premises linked to Punjab Industry Minister Sanjeev Arora and his associates under the Prevention of Money Laundering Act (PMLA) of 2002.This is the third raid in a year. In April, the ED had raided Arora’s locations for the second time. According to officials, the searches are being carried out in Chandigarh and the Delhi-NCR region.The premises being searched include the official residence allott…