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Tuesday, July 22, 2025
TopicConsumption tax

Topic: consumption tax

Japan PM Fumio Kishida ‘to sack deputy finance minister’ over delinquency on tax payments

Report of Kenji Kanda’s firing comes in the backdrop of poll by broadcaster FNN which shows approval rating for Kishida’s cabinet reaching a record low of 27.8%, 7.8 points below last month.

SubscriberWrites: GST: A panacea

It would ideal that we have only one tax law for the entire country—One Nation, One Tax. It should be such that it calculates the tax due and recovers it too.

Tax evasion threatens India’s budget goals amid economic slowdown

Poorer tax compliance is adding to the govt's revenue collection woes as consumption, which contributes almost 60% of India’s GDP, takes a knock.

India’s falling rupee has a silver lining – Rising software exports

Services exports, which mainly comprise software, has climbed to 7.3% of GDP in June from 6.8% in March 2017.

On Camera

India’s TRP ecosystem needs a reset. Time to end BARC monopoly

A ratings monopoly in India has led to lack of technological variation, resulting in sluggish systems detached from market dynamics.

India-US set to ink mini trade deal soon, reach understanding on agricultural & dairy products

Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.

Not just AK-203, India & Russia to jointly manufacture AK-19 and PPK-20 for domestic use and export 

India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.

Strategic partner one day, tactical nightmare the next: India’s learning Trumplomacy the hard way

Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.