Moody’s Sees Higher GST Revenue Loss Than Govt

By BPN News Desk September 10, 2025

Business Finance

Rating agency Moody’s said India’s recent GST rate cuts are expected to encourage household spending and strengthen demand. The reforms introduced a two-slab structure of 5% and 18%, along with a 40% tax on luxury and sin goods. Revenue Shortfall Could Exceed Estimates The Indian government

Op-Eds Opinion

Delhi Bans Rummy but Shuffles the GST Deck

By BPN News Desk September 6, 2025

The irony is too perfect. The Indian government banned online rummy, poker, and fantasy sports calling them “gambling,” thereby forfeiting nearly ₹20,000 crore in annual tax revenue. And yet, at the same time, it has embarked on its own gamble — GST 2.0 — giving up another ₹50,000–70,000 crore in revenues, all while running a […]

Business Finance

New GST Rates Likely by Dussehra as Revenue Shortfall Looms

By BPN News Desk August 25, 2025

The government is preparing to revamp the Goods and Services Tax (GST) structure by Dussehra. The new plan includes two primary slabs of 5% and 18%, along with a 40% levy on luxury and sin goods. The proposal will be discussed in the upcoming GST Council meeting in early September, with implementation likely around the […]

Business

Adani Ports Q1 Revenue Rises 21% to ₹9,126 Crore

By BPN News Desk August 5, 2025

Adani Ports and Special Economic Zone Ltd (APSEZ) reported a 21% year-on-year increase in consolidated revenue for the first quarter of fiscal year 2026, reaching ₹9,126 crore. The growth was driven primarily by strong performance in the logistics segment, which doubled in revenue, and marine services, which saw nearly a threefold increase. Profit and EBITDA […]

Business

Cognizant Q2 Profit Up 14%, Lifts Annual Guidance

By BPN News Desk July 31, 2025

Cognizant reported a 14% rise in net profit for the second quarter of 2025, reaching $645 million, or $1.31 per share, surpassing market expectations. Revenue stood at $5.25 billion, showing an 8.1% increase year-on-year, driven by steady demand across key sectors and geographies. Full-Year Outlook Raised Buoyed by better-than-expected results, Cognizant revised its

International

US Tariff Revenue Surges Past $100 Billion This Year

By BPN News Desk July 12, 2025

The United States Treasury has reported a significant jump in customs revenue, with tariff collections crossing $100 billion in the first nine months of the 2025 fiscal year. This surge comes amid continued enforcement of high import duties under President Donald Trump’s trade policy agenda. June Sees Rare Budget Surplus The federal government posted a […]