Category Archives: News

India’s Textile Exports Shows Resilience and Diversification; Growth recorded in exports to 111 Countries

By | November 13, 2025
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India’s Textile Exports Shows Resilience and Diversification; Growth recorded in exports to 111 Countries Posted On: 12 NOV 2025 6:20PM by PIB Delhi India’s Textile & Apparel, including handicrafts exports, demonstrated remarkable resilience in the first half of FY 2025-26 despite global headwinds and tariff-related challenges in major markets. India’s global exports of textiles, apparel… Read More »

Cabinet approves Export Promotion Mission to strengthen India’s export ecosystem with an outlay of Rs.25,060 crore

By | November 13, 2025
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Cabinet approves Export Promotion Mission to strengthen India’s export ecosystem with an outlay of Rs.25,060 crore Posted On: 12 NOV 2025 8:16PM by PIB Delhi The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has approved the Export Promotion Mission (EPM) — a flagship initiative announced in the Union Budget 2025–26 to strengthen… Read More »

Audit Practice Toolkit by NFRA

By | November 12, 2025
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National Financial Reporting Authority (NFRA) publishes an ‘Audit Practice Toolkit’ to enhance audit quality in India Publish Date: November 4, 2025 The National Financial Reporting Authority (NFRA) has commenced issuing audit practice toolkits with a focus on supporting the small and medium practitioners engaged in the audits. This initiative is part of NFRA’s systemic drive to… Read More »

 After September High, E-Way Bills Soften 4% to 126.85 Million in October

By | November 11, 2025
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 After September High, E-Way Bills Soften 4% to 126.85 Million in October   Issue: To analyze the month-on-month trend in the generation of e-way bills—a key indicator of inter-state and intra-state movement of goods—following the record high seen in September 2025 and the implementation of the GST rate rationalization (GST 2.0). Facts: E-way bills are… Read More »

India-Belgium Double Taxation Avoidance Protocol

By | November 11, 2025
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India-Belgium Double Taxation Avoidance Protocol MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 10th November, 2025 (Income-Tax) S.O. 5074(E).—Whereas, the Protocol, amending the Agreement and the Protocol between the Government of the Republic of India and the Government of the Kingdom of Belgium for the avoidance of double taxation and the prevention of… Read More »

GST Rate Cut Eases Discount Pressure for Truck Manufacturers

By | November 10, 2025
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GST Rate Cut Eases Discount Pressure for Truck Manufacturers   Issue: To analyze the impact of the Goods and Services Tax (GST) rate rationalization on the pricing strategy of truck manufacturers, particularly regarding the need for aggressive discounts to attract buyers in the highly competitive commercial vehicle (CV) market. Facts: The GST rate on vehicles,… Read More »

Chhattisgarh Launches UPI, Card Payments for GST Returns

By | November 10, 2025
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Chhattisgarh Launches UPI, Card Payments for GST Returns   Issue: To simplify the process of making Goods and Services Tax (GST) payments, enhance transparency, and improve the ease of doing business for traders and businesses in Chhattisgarh by offering diverse digital payment methods. Facts: The Chhattisgarh government, led by Chief Minister Vishnu Deo Sai and… Read More »

Karnataka Panel Proposes Higher User Charges and Tax Reforms for Revenue Boost

By | November 10, 2025
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Karnataka Panel Proposes Higher User Charges and Tax Reforms for Revenue Boost   Issue: To address key financial challenges, particularly the low non-tax revenue and reliance on a few major tax sources, the Karnataka government’s committee recommended comprehensive reforms focused on maximizing non-tax collections and modernizing tax administration. Facts: The Resource Mobilization Committee (RMC), headed… Read More »

Finance Bill 2026 to Carry Key GST Reforms for Automation and Liquidity

By | November 10, 2025
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Finance Bill 2026 to Carry Key GST Reforms for Automation and Liquidity   Issue: To formalize the legislative framework for the “Next-Gen GST 2.0” structural and procedural reforms—specifically concerning fast-track registration and automated provisional refunds—by introducing necessary amendments to the GST law through the upcoming Finance Bill 2026. Facts: The GST Council and the government… Read More »