In another step towards streamlining Customs procedures and enhancing trade facilitation, the Central Board of Indirect Taxes and Customs (CBIC) has introduced system-based auto-approval for IFSC code registration to enhance the ease of doing business, according to an official statement issued on Tuesday. The system will automatically approve requests for registration of the same incentive…
Prime Minister Narendra Modi today (October 6) called a meeting of secretaries from all ministries. The secretaries are expected to discuss issues such as the country’s economy and US tariffs, Zee Business reported. In this meeting, secretaries will share their ministries’ growth initiatives. The meeting is expected to start today at 4.30 PM. This is…
Goldman Sachs has kept gold at the top of its long-term commodity picks, saying the metal’s rally still has room to run as demand from investors and central banks strengthens. The investment bank expects gold to touch $4,300 per ounce by December 2026, supported by what it calls a “structural shift” in buying patterns. The…
India emerged as one of the fastest-growing wealth markets in the world, as Indian household financial assets rose by 14.5 per cent in 2024 on a YoY basis, according to a recent report. The Allianz Global Wealth Report 2025 revealed that the wealth of Indian households showed the strongest growth in eight years, highlighting the…
The government has rolled out revised Goods and Services Tax (GST) rates under what officials are calling a reset of the system, aimed at making hotel stays cheaper, public transport more accessible and India’s cultural industries more competitive, according to IANS. Hotels and hospitality gain from tax relief The GST on hotel rooms priced below…
Indian consumers are set to receive a significant boost as the government moves towards simplifying the Goods and Services Tax (GST) structure by reducing the number of tax slabs and lowering rates on several key items. The proposed overhaul aims to rationalise rates by migrating from the current four-tier structure to a simplified two-tier system….