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The Hindu Businessline

Economy / The Hindu Businessline

GST Council: No more arrest powers, no rate rejig

GST reforms shift focus towards faster refunds, simpler compliance and proportionate enforcement

8 Oct 2026 9:51 pm
Telangana advises farmers to opt for crops requiring less water in rabi

Water shortage likely due to the continued impact of El Nino, says State Agriculture Minister Tummala Nageswara Rao

8 Oct 2026 9:48 pm
Faceless assessment of GST payers registered under multiple CGST jurisdictions to come into effect next fiscal

The framework will be put up for public consultation by the end of this year

8 Oct 2026 8:59 pm
Annual Return Quarterly Payment scheme for small taxpayers soon

Notices for disputed tax amounts up to 10,000 are also to be extinguished, which could benefit up to 12 lakh small businesses

8 Oct 2026 8:43 pm
Every FTA entered into by India protects sensitivities: Goyal

Confident that exports of goods and services in current fiscal would achieve the $1 trillion target, Minister said

8 Oct 2026 8:33 pm
GST Council recommends rationalisation of e-way Bill to ensure smooth movement of goods

Supply by e commerce platform to an unregistered person by any delivery mechanism to attract flat 5% rate

8 Oct 2026 8:28 pm
No more input tax credit block for companies buying insurance cover

ITC will also be allowed when businesses buy and resell certain services in the same line of business. This includes restaurant and catering services, hotel rooms costing up to 7,500 a night, and fitness services

8 Oct 2026 7:55 pm
Indian carriers cancel Riyadh flights

Three persons were killed and 36 others were injured following attacks on Riyadh and Abha airports on Wednesday. Several explosions were heard in Riyadh on Thursday as well

8 Oct 2026 7:49 pm
GST Council meeting: Businesses can now get 90% of claimed refunds in 13 days

The Finance Ministry said the time for acknowledging a refund claim will be cut to 10 days from 15

8 Oct 2026 7:49 pm
Cargo traffic handled by major ports rises 8% in Apr-Sep 2026

The data show that the overall growth in major port traffic was supported by higher container, POL, iron ore and coal volumes, even as two ports - Chennai and Paradip - recorded lower throughput, according to the data

8 Oct 2026 7:41 pm
Fuel surcharges to pinch festive season flyers as ATF costs rise

Air India Group, Akasa Air announce revised levies from October 9; IndiGo raised charges earlier this week

8 Oct 2026 7:34 pm
WTO raises 2026 goods trade forecast to 3.9% on AI boom, supply chain resilience

Asia to lead export growth at 9.9%; services outlook downgraded as West Asia conflict hits transport, travel

8 Oct 2026 7:20 pm
SEA elects Angshu Mallick as its President

He headed Dhara operations at the National Dairy Development Board and held various responsibilities across sales, marketing, distribution and exports at the Gujarat Cooperative Milk Marketing Federation

8 Oct 2026 7:20 pm
Over 54% of urban households say economic conditions worsened, finds RBI survey

The survey found 54.5% of respondents felt the economy had deteriorated, up from 50.5% in July and 40.9% last September

8 Oct 2026 7:10 pm
This CPCRI technology enables tree-top pre-concentration of coconut sap

ICAR-CPCRI has developed this on a pilot scale with the financial support from the Coconut Development Board

8 Oct 2026 6:45 pm
India could achieve 300 GW of wind capacity by 2030, say industry stakeholders

Beyond installations, India is also emerging as a major manufacturing base for turbines and its components like nacelles and gearboxes PLS ADD IMAGE FROM BIJOY

8 Oct 2026 6:17 pm
Kashmirs rooftop solar push hits a vendor credibility hurdle

Of 61,566 loan applications submitted under the scheme in Jammu and Kashmir, 17,416 have been rejected, including 14,232 in areas served by the KPDCL

8 Oct 2026 5:43 pm
Govt seeks fishers views to frame National Plan of Action on small-scale fisheries

The Union Department of Fisheries is leading the consultation process, with the Bay of Bengal Programme Inter-Governmental Organisation (BOBP-IGO) facilitating and coordinating the exercise

8 Oct 2026 4:28 pm
India launches subsidy probe on Chinese insoluble sulphur imports

Investigation to examine whether Chinese producers and exporters have benefited from government subsidies that are causing material injury to the Indian industry

8 Oct 2026 3:26 pm
Edelweiss Alternatives, Japans JEXWAY tie up to upgrade Indias highway management

The arrangement is aimed at bringing Japanese expressway operational practices to Indias highway networks, while giving JEXWAY exposure to one of Asias fastest-growing infrastructure markets

8 Oct 2026 2:59 pm
Fieldmarshal launches TREM V-compliant diesel engines for tractors

The launch comes as the company seeks to expand beyond its traditional diesel-engine business into higher horsepower tractors, agricultural mechanisation and other engineering applications

8 Oct 2026 1:55 pm
Indian Food Ministry finds discrepancies in GST filings by sugar mills

Government initiates action against erring units, asks them to furnish further details from August 20-31

8 Oct 2026 1:14 pm
India joins US-led excess capacity initiative amid US Section 301 scrutiny

Experts highlight need for balancing cooperation with manufacturing ambitions; caution against legitimising pressure on Indian industry

8 Oct 2026 12:22 pm
GST Council meet: Scrapping tax officers' arrest powers, decriminalisation among reforms on agenda

The proposed changes to the GST law would be implemented in a staggered manner beginning early next year

8 Oct 2026 12:22 pm
Cochin Shipyard cuts steel for 70 T Bollard Pull tugs for Svitzer A/S, Denmark

Designed to handle demanding close-quarter operations, the TRAnsverse tugs can operate across a wide range of vessel types and sizes, including in challenging weather and tidal conditions

8 Oct 2026 12:08 pm
Indias apparel market set to cross $146 billion by 2029, ranks fourth globally

Rising demand for comfort, casualwear and functionality is reshaping apparel choices, while smaller towns are emerging as important consumption centres

8 Oct 2026 12:06 pm
IMD Update: Thunderstorms likely in coastal AP, Rayalaseema, Karnataka for a week

South Peninsula turns stormy and rainy as easterly flow gathers pace across Bay of Bengal, signalling seasonal transition from south-west monsoon to north-east monsoon

8 Oct 2026 11:29 am
Unfolding El Nio may be the strongest since 1950s, says WMO

Record Pacific warmth signals the rapidly strengthening warm weather event could push central and eastern tropical Pacific temperatures to record levels by late 2026; Indian Ocean Dipole could offer a twist

8 Oct 2026 10:52 am
Indonesia export overhaul may tighten palm oil supplies, lift prices

Although current domestic biodiesel production capacity is considered sufficient to support the higher mandate, GAPKI expects rising domestic consumption to progressively reduce CPO available for exports

8 Oct 2026 10:25 am
Strait of Hormuz traffic falls to lowest in over two months after attacks, data shows

Crude oil crossing strait fell 27% from Iran war high, Kpler says

8 Oct 2026 9:45 am
India, Ghana sign MoU to boost agricultural research and technology transfer

The agreement will facilitate scientific exchanges and collaborative projects while addressing crop production, processing, value addition and post-harvest losses

8 Oct 2026 6:29 am
IATA urges transparency in Mumbai airport flight cut plan

IATA issued the statement after the Civil Aviation Ministry put on hold Mumbai airports proposal to reduce one-third of all international flights from October 26

7 Oct 2026 10:11 pm
FTA utilisation cell set up to boost trade pact gains: Commerce Secretary

The argument that the latest FTAs would deliver better results as they are with complementary economies needs to be demonstrated through actual trade outcomes:

7 Oct 2026 9:03 pm
Retail prices of diesel & petrol will have to be raised at some point: Moodys Ratings

Moodys Ratings expects that the 2026 baseline crude oil price will be in the range of $90-110 per barrel,

7 Oct 2026 8:59 pm
RBI allows Account Aggregator interoperability, expanding customer choice

Move enables seamless consent-based data sharing, faster credit assessment and consolidated financial views

7 Oct 2026 8:44 pm
Liquidity surplus expected to get drained out within the current financial year: RBI Guv

The RBI Governor emphasised that raising the cash reserve ratio (CRR) will be one of the least preferred ways of withdrawing liquidity

7 Oct 2026 7:55 pm
GST Council may clarify tax treatment of e-commerce logistics system

While the West Bengal Appellate Authority for Advance Ruling (WBAAAR) denied the exemption to Flipkarts logistics model, the Tamil Nadu AAR has ruled in favour of exemption.

7 Oct 2026 7:48 pm
Tomato prices more than double in a month as El Nino impacts Sept weather

A warmer September, lack of ample rainfall, and below-normal night temperatures affect fruit-setting and leaf curl virus incidences, leading to a drop in arrivals

7 Oct 2026 7:27 pm
Adani Energy Solutions acquires Satara Power Transmission from PFC arm

PFC Consulting received a consideration of 19.01 crore for the transfer of the SPV to Adani Energy Solutions

7 Oct 2026 7:20 pm
Repo-rate hike wont derail festive auto growth; protecting affordability could cost 1,000 crore

Small EMI increases for individual buyers could become sizeable when financing support is extended across millions of vehicles

7 Oct 2026 7:18 pm
RBI turns hawkish; ups repo rate by 25 bps to 5.5%

About-face: MPC changes stance from neutral to calibrated tightening; market expects another 50 bps hike in FY27

7 Oct 2026 7:13 pm
RBI ups real GDP, CPI inflation forecasts for FY27 amid repo rate hike

It also raised its CPI inflation projection for FY27 to 5.2 per cent from the earlier 5 per cent

7 Oct 2026 7:08 pm
Brookfield to acquire ESR Indias industrial and logistics portfolio

Commits 4,300 crore towards foray into Indias industrials and logistics space

7 Oct 2026 6:40 pm
Dixon Technologies signs JV pact with Gemtek to manufacture optical transceivers

The joint venture firm will manufacture and supply Optical Transceiver - SFP n(Small Form-Factor Pluggable) and BOSA (Bidirectional Optical Subassembly), as well as other telecom products in India

7 Oct 2026 5:19 pm
Rubber Board to launch digital platform to connect planters, tappers

The platform to be operational soon would connect tappers with plantation owners who requires tappers

7 Oct 2026 2:13 pm
RBI rate hike to pressure affordable housing, commercial real estate likely unaffected

Higher borrowing costs could make homebuyers more selective, while resilient economic activity may support broader real estate demand in coming months

7 Oct 2026 1:26 pm
Air India, Singapore Airlines expand commercial cooperation

The expansion is part of the initiatives under the Commercial Cooperation Framework Agreement inked in January this year

7 Oct 2026 1:22 pm
IMD Update: TN, Coastal AP, Kerala, Maharashtra, Mahe gets rains & thunderstorms

Myanmars withdrawal signal comes as easterlies are forecast to establish over the Gulf of Thailand by October 14, potentially setting the stage for north-east monsoons onset over southern India

7 Oct 2026 11:19 am
RBIs hawkish shift signals more rate hikes ahead, say Economists

MPC raises repo rate by 25 bps, changes stance to calibrated tightening; economists see clear signal that easing cycle is over and further hikes of at least 50 bps remain on the table

7 Oct 2026 11:19 am