BUSINESS
Airlines Skip Rs 10,000-Crore ATF Subsidy as Jet Fuel Prices Decline
Approved by the Union Cabinet last month, the one-time Rs 10,000-crore initiative was designed to compensate state-owned fuel retailers for supplying ATF to airlines at capped prices for up to three years. The objective was to protect carriers from rising fuel costs caused by the West Asia crisis.
India's GST Collections Rise to Rs 1.95 Lakh Crore, Record Fastest Growth in 13 Months
The latest figures compare with gross GST collections of Rs 1.71 lakh crore in June 2025 and represent a marked improvement from May 2026, when revenue growth had slowed to 3.2 percent year-on-year.
Piyush Goyal Calls US-India Trade Deal 'Very Fair, Equitable': 'The Only Nightmare...'
Speaking about the negotiations, Goyal said the most challenging aspect for the Indian team was dealing with the time difference between New Delhi and Washington. Even so, he said the talks were conducted in a positive atmosphere and highlighted the strong working relationship he shared with his U.S. counterparts, according to NDTV.
Trump Imposes 25% Tariff on All Imported Medium and Heavy-Duty Trucks from November 1, 2025
On Truth Social, Trump posted: “Beginning November 1st, 2025, all Medium and Heavy Duty Trucks coming into the United States from other Countries will be Tariffed at the Rate of 25%. Thank you for your attention to this matter.”
Indian Overseas Bank Fined Around Rs 32 Lakh by RBI
In its regular supervision, the central bank found cases where the bank was not abiding by PSL guidelines.
India Inc.’s Credit Ratio Climbs to 2.56x in H1FY26: Report
"Upgrades in H1FY26 increased to 15 per cent from 14 per cent of H2FY25, while downgrades held firm at 6 per cent," said CareEdge Ratings in its recent report.
Government Questions E-Commerce Companies on Price Hikes Despite GST Reductions
The action follows a series of customer grievances that some online players hiked prices even after the GST cut on certain items became effective on September 22. Authorities informed that the ministry and CBIC are keeping a close watch on online prices to ensure that savings under the new tax regime are correctly brought down.
India’s average GDP growth at 6.5% over the next decade: Morgan Stanley
The report said India's export industry holds great potential for growth that could be unleashed through a well-thought-out reform package.
ADB Projects India’s Growth at 6.5% for 2025 and 2026
India's GDP grew 7.6 per cent in the first half of 2025, supported mainly by strong public capital spending, which balanced softer net exports and consumption despite ongoing resilience in rural demand, the ADB said in a statement.
EY Upgrades India’s FY26 Growth Projection to 6.7% Backed by GST 2.0
The September issue of Economy Watch by the firm observed that the upward revision is based on expectations of monetary easing and robust domestic demand fueled by GST 2.0 reforms even as global headwinds persist to impact exports.
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