LiveIndia’s Fiscal Deficit Hits Rs 5.98 Lakh Crore, 38.1% of FY26 Target
India’s fiscal deficit for April–August stood at Rs 5.98 lakh crore, or 38.1% of the FY26 target. This is higher than 27% a year ago....
Category : ECONOMY
India’s August IIP Up 4% on Mining, Power Boost
India’s Index of Industrial Production (IIP) rose 4% in August 2025, up from 3.5% in July, showing a steady rebound in industrial activity. Mining led...
PM Modi Signals Further GST Cuts to Ease Tax Burden
On 25th September, PM Narendra Modi stated that GST reforms will continue. He mentioned that the tax burden on citizens will gradually decrease as India’s...
Bombay HC Quashes Tax Notices, Paves Way for Exporter Refunds
The Bombay High Court has delivered a big win for exporters by scrapping tax recovery notices linked to the now-deleted Rule 96(10) of the GST...
India-EU Trade Talks in Final Stage, US Pact Under Review: Piyush Goyal
Commerce and Industry Minister Piyush Goyal said on 2nd September that India-EU free trade agreement (FTA) talks are at an advanced stage. The 13th round...
India’s August GST Collections Up 6.5% at Rs 1.86 Lakh Crore
India’s GST collections rose 6.5% year-over-year to Rs 1.86 lakh crore in August 2025. This is compared to Rs 1.75 lakh crore a year ago....
GoM Clears Shift to 5% and 18% GST Slabs
India could soon see a major revamp of its indirect tax system. The Group of Ministers (GoM) gave the green light to a simplified two-slab...
Japan Exports See Sharpest Fall in Four Years Amid Tariff Woes
Japan’s exports fell 2.6% in July, marking the steepest drop in more than four years, as US tariffs hit global trade. The decline, worse than...
GST Cut May Cause Rs 1.5 Lakh Crore Revenue Hit, Warns CLSA
According to Nikhil Gupta, India Economist at CLSA, a goods and services tax (GST) cut could result in an annual revenue loss of approximately Rs...
India’s July Trade Deficit Widens to $27.35 Billion on Higher Imports
India’s merchandise trade deficit rose to $27.35 billion in July. This exceeded economists’ forecast of $20.35 billion and was up from $18.78 billion in June,...