The decisions taken by the Goods and Services Tax (GST) Council in its 57th meeting on Thursday reveal two distinct changes in the attitude of the tax administration: increased trust in the taxpayer, and reduced anxiety over tax revenues. This is a big change from the system in place so far, where taxpayers have been…

 Coal India and its subsidiaries offered power plants with existing supply agreements the option to lift additional coal beyond their annual contracted quantities | Photo Credit: The Hindu Daily coal supplies to the power sector have risen 36% from their post-monsoon lows in September and are averaging about 9% higher in October than in the…

India’s share in global greenfield investments during 2020-25, at 5.7%, is more than double China’s share in such investments during the same period, the latest report by the UN Conference on Trade and Development (UNCTAD).  However, it also pointed out that investment in strategic sectors still remains concentrated in Europe and North America, highlighting the…

The story so far:The Goods and Services Tax (GST) Council met on Thursday (October 8, 2026) for the 57th time since GST was introduced a little more than nine years ago. In the run-up to the meeting, officials in the Finance Ministry said that GST rates would not be discussed in this meeting, something that…

Representational file image. | Photo Credit: Reuters Gold, silver and platinum imports by banks and nominated agencies attract 3 per cent IGST effective April 1, 2026, Revenue Secretary Arvind Shrivastava said on Thursday (October 8, 2026). The Government notified the GST Council on Thursday (October 8, 2026) that the list of designated banks and agencies…

After months of waiting and watching, the Reserve Bank of India (RBI)’s Monetary Policy Committee (MPC) has decided to act to try to rein in rising inflation. Its decision to raise interest rates by 25 bps seemed increasingly inevitable. The RBI now projects retail inflation at 4.9% in Q2, higher than its August projection of…