Economy News ( English version)


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  • Changes in GST rates to take effect from July 18 June 29, 2022
    The wider reform of the GST slabs has been put off as the council gave the group of ministers (GoM) on rate rationalisation another three months to give its recommendations.
  • GST: Rate changes and relief June 29, 2022
    The 47th GST Council meeting addressed the inverted duty structure and removed several exemptions but deferred a decision on wider slab recasts. The tax rates on many goods and services have increased due to this restructuring. A look at the key changes.
  • India faces heat at WTO over wheat export ban June 29, 2022
    The US, Japan, Canada and Thailand have questioned both these measures and, along with Uruguay, requested consultations with India on the usage of the peace clause for exceeding the 10% ceiling on support it offered to its rice farmers.
  • GST relief for transport and tourism sectors, small online businesses June 29, 2022
    Road transporters will now have the flexibility to opt for paying GST at 5% without input tax credit or GST at 12% with such credit. The option will be available at the beginning of a financial year.
  • Data gap on climate change a hindrance to global policy making: Shaktikanta Das June 29, 2022
    The new phase of G-20 Data Gaps Initiative (DGI) proposes climate change as a major focus area to address data gaps that have been identified as crucial for macroeconomic policy making and micro-financial stability.