Business Finance

Govt Poised to Exceed ₹47,000 Crore Disinvestment Target

By BPN News Desk September 23, 2025

DIPAM Secretary Arunish Chawla has said that the government is on track to exceed its disinvestment target of ₹47,000 crore for the current fiscal year. Speaking at the Network18 Reforms Reloaded summit in New Delhi, he expressed confidence in surpassing the goal. Progress So Far By July 2025, around 33% of the target had already […]

Business Finance

Karnataka Says States to Lose ₹1.5 Lakh Crore from GST 2.0

By BPN News Desk September 23, 2025

Karnataka Revenue Minister Krishna Byre Gowda has warned that the new GST 2.0 structure could cost states between ₹1 lakh crore and ₹1.5 lakh crore in lost revenue. Speaking to NDTV, he said the changes would unfairly burden state governments. Centre vs States: Who Bears the Burden? According to Gowda, the Centre is projected to […]

Business Finance

GST Reforms to Give ₹2 Lakh Crore to People

By BPN News Desk September 20, 2025

Finance Minister Nirmala Sitharaman announced that the GST 2.0 reforms will put nearly ₹2 lakh crore into the hands of Indian citizens. She said this amount won’t remain with the government but will return to the economy through lower prices, higher consumption, and more liquidity for households. Key Changes Under GST 2.0 The GST slabs […]

Business Finance

Amit Shah Calls GST 2.0 India’s Biggest Reform

By BPN News Desk September 20, 2025

Home Minister Amit Shah has described the government’s new GST reform—GST 2.0—as one of the most sweeping tax overhauls since India’s independence. He said the reform goes beyond simple tax cuts, calling it “multi-dimensional.” Key goals, he added, include boosting investment, consumption, manufacturing, exports and public trust in taxation. What Has Changed Under GST 2.0,

Business Finance

Govt Won’t Restore Anti-Profiteering Under GST

By BPN News Desk September 19, 2025

The Indian government has confirmed there are no plans to bring back the anti-profiteering provisions under Section 171 of the GST law. These provisions required businesses to pass on tax rate cuts or input tax credit benefits to consumers. Background: What Changed When GST was introduced in 2017, the anti-profiteering law and a body called […]

Business Finance

GST Rate Reductions Effect from September 22

By BPN News Desk September 17, 2025

Finance Minister Nirmala Sitharaman announced that recent GST rate cuts will take effect from 22 September 2025. These cuts are expected to streamline tax slabs and reduce rates across many consumer goods. Economic Impact Projected The government estimates these reforms will inject about ₹2 lakh crore into the Indian economy by increasing cash in the […]

Business Finance

SBI Branch in Karnataka Robbed of Rs 21 Crore Loot

By BPN News Desk September 17, 2025

Three masked gunmen robbed a State Bank of India (SBI) branch in Chadachan, Vijayapura district, Karnataka. The heist occurred on Tuesday evening, when the robbers entered under false pretense, tied up staff, and made off with a large haul of cash and gold. Loot Details Authorities say the robbers escaped with approximately 20 kg of […]

Business Finance

Rupee Edges Up to ₹88.20 Against US Dollar

By BPN News Desk September 15, 2025

On Monday, the Indian rupee gained 6 paise to close at ₹88.20 per US dollar in interbank trading. This was a marginal improvement driven by range-bound trading and a slightly weaker US dollar. Market Dynamics Traders noted controlled volatility in the forex market. Some attributed the rupee’s mild strengthening to possible intervention by the Reserve […]

Business Finance

CBIC Says No ITC Reversal for Post-Sale Discounts

By BPN News Desk September 14, 2025

The Central Board of Indirect Taxes and Customs (CBIC) has clarified that buyers will not be required to reverse Input Tax Credit (ITC) when suppliers provide post-sale financial or commercial discounts through credit notes. The clarification states that such discounts do not reduce the taxable value or the supplier’s GST liability. Clarification on Discounts According

Business Finance

FMCG Firms Say They Cannot Directly Pass GST Cuts

By BPN News Desk September 12, 2025

Consumer goods companies say that even though GST rates are being cut, they cannot directly lower prices for consumers. They argue that factors like input costs, packaging, distribution, and existing stock with old pricing make immediate price reductions difficult. Government Expectation The government, including the Finance Ministry and CBIC, has made clear that firms