October GST collections reached ₹1.96 lakh crore, a 4.6% rise, marking the slowest growth this fiscal. This moderation is attributed to pre-GST sales pauses and recent rate cuts. Despite this, experts anticipate a strong rebound in November’s figures, fueled by revived consumer demand and upcoming festive spending.
October GST collection up 4.6% to Rs 2 Lakh-crore despite tax cuts Read More »
India’s first-ever geological carbon dioxide storage well is now being drilled by NTPC at its Jharkhand coal mine. This pioneering effort by NTPC’s R&D arm is a significant step towards the nation’s net-zero goals, aiming to safely store CO2 deep underground. The project will gather crucial data to assess rock formations for long-term carbon sequestration,
GST revenue for FY26 is projected to surpass budget targets, according to SBI Research, despite a significant rate restructuring. The new four-tier slab system, with a 40% rate for luxury goods, is expected to benefit most states, with Maharashtra and Karnataka anticipating substantial gains. Historical data suggests revenue will stabilize and then accelerate post-rationalization.
US and China have agreed to a temporary truce in their trade war, pausing new tariffs and export curbs. Key deals include China resuming significant soybean purchases, US cutting fentanyl-related tariffs, and China lifting rare-earth export restrictions. This de-escalation offers a year-long window for further negotiations.
US employers can now submit applications for crucial foreign worker visa programs like H-1B and PERM. The Department of Labor’s Foreign Labor Application Gateway (FLAG) system is back online after a funding lapse caused a temporary shutdown. While processing has resumed, expect delays as the agency clears a backlog of applications.
Markets regulator Sebi is investigating a four-and-a-half-hour trading disruption on MCX, India’s largest commodities exchange. The incident, caused by a system parameter limit for Unique Client Codes exceeding its threshold, delayed operations. If found at fault, MCX could face financial penalties up to 20% of its average profit over the last two years.
Sebi probes MCX’s over 4-hour trading disruption on October 28 Read More »
America faces its longest federal government shutdown. Economists warn this impasse is hurting the economy. Millions of federal workers are not getting paid. Small businesses are at risk of losing billions. Healthcare and early education programs are also impacted. The economic damage is mounting daily. This situation is creating significant hardship for many Americans.
Months after settling a $16 million lawsuit with CBS News, Donald Trump is set to appear on “60 Minutes” this Sunday. Norah O’Donnell conducted the interview at Mar-a-Lago, marking his first appearance since the settlement and signaling improved relations with the broadcaster.
Russia has become India’s largest sunflower oil supplier, surpassing Ukraine due to the latter’s Black Sea port disruptions. Shipments from Russia have surged twelvefold, now accounting for 56% of India’s imports. Despite a projected overall import decline due to price hikes, Russia’s significant market share is expected to persist.
