On the evening of November 8, 2016, India came to a standstill. Millions lined up outside banks, clutching stacks of suddenly worthless notes. The government’s announcement to invalidate ₹500 and ₹1,000 notes overnight was met with confusion, panic, and fierce debate. Economists called it
In October 2025, India’s vehicle retail market reached a record-breaking level, with total registrations rising by about 40.5 percent year-on-year to nearly 4.02 million units. The Federation of Automobile Dealers Associations (FADA) reported that the surge was led by robust demand across two-wheelers and passenger vehicles, making it the strongest October performance in
India’s gross Goods and Services Tax (GST) collections for October 2025 reached approximately ₹1.96 lakh crore, marking a 4.6 percent year-on-year increase. The growth was notably subdued, reflecting the combined effect of recent tax-rate cuts and robust festive-season demand. Factors Influencing the Collections According to government disclosures, the improved collection
The Ministry of Finance has said that recent rationalisation of the Goods and Services Tax (GST) rates is expected to support domestic demand by reducing tax burdens for consumers and businesses. However, it cautioned that global uncertainties remain a downside risk to the growth outlook. Impact of GST Changes The ministry’s monthly economic review highlighted […]
Diwali 2025 turned out to be India’s most lucrative festive season ever. Retail trade across the country touched a record ₹6.05 lakh crore, up 25 percent from last year’s ₹4.25 lakh crore. From bustling jewellery shops to crowded car dealerships, spending was at an all-time high. The timing was no coincidence. Barely a month before […]
Union Finance Minister Nirmala Sitharaman on Saturday said the recent Goods and Services Tax (GST) rate cuts have boosted consumer demand and are likely to sustain momentum in the coming months. She noted that businesses have started passing on tax benefits, reflected in stronger sales of automobiles and consumer goods. Monitoring Prices Closely Sitharaman also […]
The Delhi High Court has asked the Centre to explain why it removed a GST concession for the differently-abled on vehicle purchases. The court said taking away a benefit already granted is troubling. What changed Earlier, persons with locomotor disabilities were eligible for a lower GST rate on certain cars compared to the standard 28%. […]
Dear Ashwini Vaishnaw Ji, Minister of Electronics and IT, you are often spoken of as a decent man, someone who sincerely wants India to shine in the digital age. But truth must be told. Your ministry, along with the Prime Minister’s Office, loves to hold up Zoho and Mappls as shining jewels of Aatmanirbhar Bharat. […]
India’s Goods and Services Tax (GST) collections for September 2025 stood at ₹1.89 lakh crore, reflecting a 9.1% year-on-year growth compared to the same month last year. This is the ninth straight month when GST revenues have remained above ₹1.8 lakh crore. Drivers of Growth The growth was supported by robust domestic demand, steady imports […]
Tamil Nadu Chief Minister M. K. Stalin has accused the central government of delaying promised Goods and Services Tax (GST) rate cuts and said that states are bearing 50% of the relief intended for taxpayers. On “Rs 2.5 Lakh Crore” Savings Claim Stalin questioned Prime Minister Narendra Modi’s announcement that Indians will save ₹2.5 lakh […]















