Economy News ( English version)

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  • CBIC readies rules to facilitate filing of multi-state GST appeals July 30, 2026
    The Central Board of Indirect Taxes and Customs is preparing a new framework that will streamline departmental appeals involving multiple states. Field formations will gain clarity on filing appeals before the GST Appellate Tribunal. Jurisdictional commissioners will independently decide on appeals for each taxpayer. A formal circular will soon be issued to […]
  • India to buck APAC slowdown despite oil, trade and El Nino risks: Moody's Analytics July 30, 2026
    India's economy is projected to grow strongly in the Asia-Pacific region. Higher oil prices and global slowdown pose significant risks to this outlook. El Nino presents a dual threat of food and energy vulnerability for the nation. AI-driven investments will support regional growth before gradually weakening. Policymakers must balance inflation risks wi […]
  • India-EU FTA includes separate annexure to address EU carbon tax July 30, 2026
    The India-EU free trade agreement negotiations focused on the Carbon Border Adjustment Mechanism. A comprehensive work plan will address concerns for small and medium enterprises regarding this mechanism. Legal scrubbing of the free trade agreement has now been completed by both sides. This pact could be signed this year and implemented starting in 2027. Ind […]
  • RBI issues revised Basel Pillar 3 disclosure framework for commercial, small finance and payments banks July 30, 2026
    The Reserve Bank of India has revised its Basel Pillar 3 disclosure framework. These amendments aim to strengthen market discipline through more comprehensive public disclosures. Banks must now provide detailed information on capital and risk exposures. A formal disclosure policy approved by boards is also required. Further templates for specific risks will […]
  • GSTN puts proposed e-way bill changes on hold after industry feedback July 30, 2026
    GST Network has postponed two e-way bill system enhancements. These changes were scheduled for implementation starting August 1. Industry feedback highlighted implementation difficulties with existing systems. The government is reconsidering the design of these proposed changes. This decision allows for additional stakeholder preparedness and avoids business […]

 

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