Economy News ( English version)

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  • As GST turns 10, focus shifts to AI-led compliance, faster refunds, simpler tax processes June 28, 2026
    India's Goods and Services Tax, now in its tenth year, is evolving towards greater efficiency. The government is leveraging AI, data sharing, and simplified processes to cut compliance costs, expedite refunds, and enhance enforcement, especially for MSMEs. This reform has broadened the tax base, boosted compliance, and significantly increased revenues, […]
  • Aam in Aam, Indians in US savour taste of home June 28, 2026
    Indian mango sales are soaring in the US, hitting record highs this summer. Innovative packaging, targeted promotions, and direct-to-neighborhood deliveries are bringing the beloved 'king of fruits' closer to the diaspora. This surge, driven by nostalgia and a desire for familiar tastes, is even reaching new consumers through major retailers, signa […]
  • Domestic PCB manufacturing to save Rs 40,000 crore imports annually: Ashwini Vaishnaw June 27, 2026
    India is poised to drastically cut down its dependency on imported Printed Circuit Boards (PCBs), creating an annual savings of around ₹40,000 crore. Union Minister Ashwini Vaishnaw highlighted that Jewar, Uttar Pradesh, is on track to evolve into a key electronics manufacturing center.
  • ₹3,692-crore elevated corridor to redefine Imphal’s skyline June 27, 2026
    Manipur is set to get a massive 25-km elevated corridor in Imphal, a Rs 3,691 crore project aimed at easing traffic and boosting development. The Detailed Project Report has been transferred to NHIDCL, with approval anticipated before the March-April 2027 elections. This ambitious infrastructure initiative promises to transform urban mobility, connect key ar […]
  • New GST jurisdiction to handle pending cases after business shift: CBIC June 27, 2026
    Taxpayers shifting their business location will now have their ongoing tax proceedings seamlessly transferred to the new jurisdictional authority. The Central Board of Indirect Taxes and Customs clarified that any investigations or notices issued by the previous authority remain valid and will be continued by the new one. This move aims to streamline process […]

 

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