Mumbai, Jan 2 (IANS) Domestic passenger vehicle (PV) wholesales rose around 26 per cent year‑on‑year to almost 4,05,000 units in December, driven by sustained demand after the goods and services tax (GST) rationalisation in September and year-end discounts offered by companies.Buyers also advanced purchases ahead of automakers’ January price hikes which led to the robust surge. For calendar year 2025, wholesales climbed 5.7 per cent year‑on‑year to a record high of roughly 4.55 million…
Latest GST News & Updates
New Delhi, Jan 1 (IANS) Despite the steep cut in GST rates, a growth of over 6 per cent in gross monthly collection in December is encouraging, industry experts said on Thursday.India’s GST (goods and services tax) collection recorded a 6.1 per cent increase to Rs 1,74,550 crore in December 2025 compared to Rs 1,64,556 crore the same month of the previous year, reflecting the increase in economic activity during the month.“If this momentum continues for the remaining months of this fiscal, t…
New Delhi, Jan 1 (IANS) India’s GST (goods and services tax) collection recorded a 6.1 per cent increase to Rs 1,74,550 crore in December 2025 compared to Rs 1,64,556 crore the same month of the previous year, reflecting the increase in economic activity during the month, official figures released on Thursday showed.Central GST collections rose to Rs 34,289 crore, state GST collections to Rs 41,368 crore, and integrated GST collections to Rs 98,894 crore.The government raised Rs 4,551 crore vi…
Mumbai, Jan 1 (IANS) Shares of major cigarette makers fell sharply on Thursday after the government announced to slap a fresh excise duty on cigarettes next month, a move that is expected to push up prices and impact sales. Stocks of ITC and Godfrey Phillips dropped by as much as 19 per cent during the intra-day’s trade on Thursday.According to a government order, the new excise duty will come into effect from February 1.The duty has been fixed in the range of Rs 2,050 to Rs 8,500 per thousand…
New Delhi, Dec 31 (IANS) BJP national president and Union Minister Jagat Prakash Nadda on Wednesday mounted a sharp attack on Congress president Mallikarjun Kharge, accusing him of repeatedly spreading falsehoods despite the party’s successive electoral setbacks. In a strongly worded post on X, Nadda listed 10 key arguments to counter what he described as Congress’s “politics of lies” on governance, the economy, national security and public welfare.Questioning Congress’s credibility, N…
New Delhi, Dec 31 (IANS) India’s fiscal deficit in the first eight months (April-November) of the financial year 2025-26 was estimated at Rs 9.8 lakh crore, or 62.3 per cent of the budget estimate for the full financial year, data released by the Controller General of Accounts on Wednesday showed.The data showed that the government has stepped up its capital expenditure on big-ticket infrastructure projects such as highways, ports, and railways to spur growth and create more jobs in the economy….
New Delhi, Dec 30 (IANS) Economist and former President of the Institute of Chartered Accountants of India (ICAI), Ved Jain, on Tuesday said that allowing 100 per cent foreign direct investment (FDI) in the insurance sector will prove to be a positive step for India’s economy and consumers.Speaking to IANS, Jain said that in developed countries, FDI in insurance has not created problems; instead, it has increased competition and improved services.“With 100 per cent foreign investment, compet…
New Delhi, Dec 30 (IANS) India’s cement industry is projected to record a 6-7 per cent growth in volumes in FY27, supported by sustained demand from housing and infrastructure sectors — after a 6.5-7.5 per cent rise in FY26 (on a higher base in H2 FY25), a report showed on Tuesday.The industry is expected to add 42-44 million MTPA capacity in FY27, after 43-45 million MTPA capacity addition in FY26.Rating agency ICRA said that cement demand remains strong, with volumes expanding by 8.5 per ce…
New Delhi, Dec 30 (IANS) India’s economic growth is expected to pick up pace in the current financial year, with GDP projected to grow at 7.4 per cent in FY2026, a new report said on Tuesday.This would mark an improvement from the estimated 6.5 per cent growth in FY2025, according to a report by ICRA Limited.The report said economic expansion may remain strong in the first half of FY2026, with GDP growth expected to be around 8 per cent.However, growth is likely to ease to below 7 per cent in …
New Delhi, Dec 29 (IANS) With GDP valued at $4.18 trillion, India has surpassed Japan to become the world’s fourth-largest economy and is poised to displace Germany from the third rank in the next 2.5 to 3 years with projected GDP of $7.3 trillion by 2030, an official statement said on Monday.The growth momentum further surprised on the upside, with GDP expanding to a six-quarter high in Q2 of 2025-26, reflecting India’s resilience amid persistent global trade uncertainties.Domestic drivers-…