6 result(s) for “Finance Ministry”
Provisional government data show gross GST receipts jumped 22.9 percent in October to ₹2.31 lakh crore, driven by a 42 percent rise in import-related taxes and stronger domestic sales ahead of Diwali. The windfall helps fiscal math now, but officials and analysts caution the boost may not be durable.
New rules that take effect on November 1, 2026 change how post sale discounts are treated and speed provisional refunds for sectors with inverted duty structures, measures aimed at easing working capital pressures for exporters and manufacturers.
Indian equity benchmarks slipped on October 29, 2026, as investors booked profits after a recent rally and assessed monetary policy risks and global market volatility. Financial stocks led declines while domestic data and corporate earnings kept trading cautious.
Canada’s Fairfax Financial will acquire 60.72 percent of IDBI Bank for about Rs 52,878 crore, a transaction the government and markets describe as the largest foreign direct investment in India’s banking sector. The deal shifts a state-backed lender into private hands and raises questions about regulatory approvals, ownership rules and the future of related bank holdings.
Finance Minister Nirmala Sitharaman held a series of high level meetings in Singapore on October 11, 2026, pressing sovereign funds and private investors to increase long term investments into Indian infrastructure, semiconductors, digital finance and healthcare projects.
India's GST Council approved a sweeping administrative reform package that removes arrest powers for GST officers, raises the prosecution threshold to Rs 5 crore and eases several compliance burdens for businesses, a shift officials say is aimed at improving ease of doing business and reducing coercive enforcement.