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Friday, July 25, 2025
TopicGST

Topic: GST

India registers 6.3% growth in July-Sept quarter; breaks five-quarter downward trend

Agriculture sector down 1.7% from 2.3% in previous quarter while manufacturing and construction see growth of 7% and 2.6% respectively.

Q2 GDP growth set to break five-quarter sliding trend

GDP and GVA numbers to be released Thursday, experts expect recovery after adverse impact of demonetisation and the pre-GST slowdown.

One of Gujarat’s biggest trade hubs doesn’t want to vote for BJP, but has no alternative

Surat's textile and diamond industry is still reeling from demonetisation and GST. Some are convinced this was necessary, others hope for change.

It’s not GST, the problem is the structure of the Indian economy

There's no question of getting rid of the tax, but it needs to be simplified more for small businesses. 

Talk Point: Will the creation of a National Anti-Profiteering Authority impair business?

The authority has the power to impose penalties and even cancel the registration of a business if it does not pass the benefits of GST to consumers.

After Hardik Patel, Congress may give in to Dalit activist Mevani’s wishlist

Congress manifesto for Gujarat polls to include schemes for upliftment of women, job creation models, plans to offset GST effects, among others.

Rating the raters

Ratings aren't the last word on anything but the sovereign rating upgrade by Moody's is undoubtedly a shot in the arm for the Modi government. 

Talk Point: The regulatory philosophy of NAPA replaces the invisible hand of the market

Anti-profiteering measures enshrined in the GST law round the circle by already providing an institutional mechanism to ensure that the full benefits of reduced tax rates flow through to the consumer.

Talk Point: Industry representatives, consumer body members should have a say in NAPA affairs

The establishment of the National Anti-Profiteering Authority (NAPA) can go a long way in ensuring that benefits of the GST are passed on to the consumers. However, the NAPA should not be used to harass traders.

Talk Point: GST anti-profiteering body may increase corruption, red tape

The anti-profiteering body does have a good chance of becoming another bureaucratic layer which needs to be bribed to keep your restaurant/business running

On Camera

India uses BRICS to push reforms—not to challenge the US

India has been pleading for long to bring reforms in institutions like the United Nations, IMF, and World Bank, which it believes are West-dominated and don’t reflect current global realities.

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.

During Operation Sindoor, Pakistan likely used NATO-style aerial tactics taught by China

The Chinese are said to have hired ex-fighter pilots & air force operators from NATO countries over the past several years to help them fine-tune their operational & flying capabilities.

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.