22 Sep 2025

A FICCI CASCADE report on GST 2.0 highlights that the revised structure will reduce household tax incidence, support MSMEs, and encourage formalisation of the economy. The reform increases the number of goods in the 5 per cent bracket from 54 to 149 categories. For rural families, exempt and merit goods in their spending basket will rise to 73.5 per cent, and for urban households to 66.2 per cent. This will leave more disposable income with consumers and reduce incentives for illicit trade. Despite short-term revenue loss, long-term gains through compliance and consumption are expected.Read more

22 Sep 2025

Crisil has assessed that the GST rate changes will not put a heavy load on government finances. The government anticipates an annualised revenue loss of INR 48,000 crore, which is relatively small compared to last year's GST receipts of INR 10.6 lakh crore. The revised system simplifies tax slabs from four to two 5 per cent and 18 per cent while also bringing e-commerce delivery into the tax net. Since most revenue already comes from the 18 per cent slab, the changes are expected to have limited impact in the near term and may help expand the tax base in the medium run.Read more

22 Sep 2025

Prime Minister Shri Narendra Modi has called the new GST reforms, launched during Navaratri, a major step towards simplifying taxation, boosting domestic manufacturing, and strengthening India's economy. He said the reforms, along with earlier income tax changes raising exemptions to INR 12 lakh, will create savings of around INR 2.5 lakh crore for citizens. Modi urged people to embrace swadeshi products, stressing that local manufacturing supports national prosperity. The revised GST rates reduce costs across key sectors, with most goods now taxed at 5% or 18%, making essentials and everyday items cheaper. The reforms, he said, represent a "savings festival" for households, traders, and MSMEs alike.Read more

22 Sep 2025

India will require nearly USD 4.5 trillion in infrastructure investments by 2030 to maintain its growth path, according to PFRDA chairman Sivasubramanian Ramann. Speaking at a NaBFID conference, he pointed to recent regulatory reforms and the need for pension funds, insurers and corporates to step in as long-term financiers. With RBI lowering provisioning norms on infra loans and a draft scheme on credit enhancement underway, the focus is now on widening funding sources beyond banks to meet the country's massive capital needs.Read more

22 Sep 2025

The Telangana government will auction two prime land parcels in Raidurg Knowledge City, Hyderabad aiming to generate over INR 2,000 crore. Spread across 18.67 acres-11 acres in one plot and 7.67 acres in the other the land carries a base price of INR 101 crore per acre. Officials expect strong bidding to push values up to INR 130-150 crore per acre. Scheduled for the first week of October, the e-auction offers land earmarked for mixed-use projects, including commercial, residential, and hospitality developments, with no change-of-use approvals required. With excellent metro and airport connectivity, the auction could set new benchmarks, following Kokapet's record sales.Read more

22 Sep 2025

KPI Green Energy has listed an INR 670 crore green bond on the NSE, marking India's first credit-enhanced issuance of this kind by a renewable energy developer. The five-year bond carries an 8.50 per cent coupon and is supported by a 65 per cent guarantee from GuarantCo, securing AA+(CE) ratings from CRISIL and ICRA. Funds raised will be used to expand solar, wind, and hybrid projects, expected to serve 210,000 people annually and cut 344,000 tonnes of carbon emissions. With 1 GW already installed and a target of 10 GW by 2030, the company holds over 3 GW in its pipeline.Read more

19 Sep 2025

The CBIC has revamped the annual GST return form GSTR-9 to strengthen Input Tax Credit reporting. These changes, effective shortly, apply to the 2024-25 fiscal year and affect taxpayers with turnover above INR 2 crore. The revised form now includes detailed tables on reversals, reclaims, transitional credits, import-related ITC, and auto-populated mismatches. Experts say this update promotes a data-driven compliance system, requiring disciplined documentation while helping reduce potential litigation. Taxpayers will need to reconcile GSTR-3B, GSTR-2B, and financial accounts before filing.Read more

19 Sep 2025

Macquarie Asset Management has started selling its portfolio of nine toll road projects in India, valued at around INR 10,000 crore. Spanning 648 km across Andhra Pradesh and Gujarat, these highways include stretches of NH-16 and roads connecting industrial hubs and ports. The assets have been bundled into three groups to attract a wider range of buyers. Acquired in 2018 through India's first Toll-Operate-Transfer (ToT) auction, the projects generated nearly INR 1,000 crore in toll revenue in FY25. JP Morgan has been appointed to advise on the transaction, which is expected to attract infrastructure investors looking for long-term cash flows.Read more

19 Sep 2025

The Syama Prasad Mookerjee Port, Kolkata, has entered a 30-year concession with JSW Infrastructure Ltd for a significant redevelopment project worth INR 740 crore. The initiative involves reconstructing berth 8 and installing rail-mounted quay cranes at berths 7 and 8, supported by a 25-acre backup area, aimed at boosting container cargo handling efficiency. The terminal is expected to manage around 5 lakh TEUs annually. Port authorities emphasised that the project aligns with the government's vision of modernising India's port infrastructure.Read more

18 Sep 2025

SMBC has expanded its shareholding in Yes Bank by acquiring an additional 4.2% stake from Carlyle Group's affiliate for 51 billion yen (USD 349 million). The Japanese lender had recently concluded its earlier 20% purchase, which included 13.19% from SBI and 6.81% from seven other Indian banks. With approvals from the Reserve Bank of India and the Competition Commission, SMBC is now close to the permitted ceiling of 24.99%. SBI has received INR 8,889 crore from its divestment. SMBC also sold its 1.65% stake in Kotak Mahindra Bank to focus its India investment on Yes Bank.Read more