Economy News ( English version)

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  • CBDT tightens merger rules for charity trusts, imposes five-year curbs on changing objectives October 31, 2026
    The Central Board of Direct Taxes (CBDT) has made it mandatory for organisations merging with another registered non-profit to inform the I-T Department within a prescribed deadline, get their accounts audited and disclose the reasons for the merger. The new rules, notified on October 30, also prevent organisations with regular registration from merging with […]
  • Amitabh Kant pitches for development model with rural communities as producers, innovators October 31, 2026
    Kant also stressed the need to transform rural India into centres of economic activity, innovation and entrepreneurship rather than limiting it to welfare delivery.
  • Centre releases states Rs 1.09 lakh cr festive boost October 31, 2026
    Uttar Pradesh received the largest allocation of ₹19,208 crore, followed by Bihar at ₹10,845 crore. Madhya Pradesh was allocated ₹8,010 crore, West Bengal ₹7,866 crore, Maharashtra ₹7,022 crore and Rajasthan ₹6,460 crore. Odisha received ₹4,819 crore and Andhra Pradesh ₹4,597 crore.
  • GST reforms: Easier registration for small e-commerce sellers, faster refunds to take effect Nov 1 October 31, 2026
    Simplified GST registration processes will benefit small sellers using e-commerce platforms without physical presence in multiple states. The GST portal will offer user-friendly interfaces and clearer documentation requirements for registration applications. Automatic sanctioning of full refund claims for excess balance in electronic cash ledgers will expedi […]
  • India extends cotton import duty exemption till December 31 October 31, 2026
    The Indian government has extended the customs duty exemption on cotton imports to December 31. This decision aims to support the textile industry by ensuring adequate raw material availability. The waiver allows greater flexibility for manufacturers to source inputs at reduced costs. Domestic cotton prices have remained firm due to production concerns, prom […]

 

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