| ETCFO Newsletter | Wednesday, September 3, 2025 |
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Daily Newsletter
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Top Stories
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The GST Council is set to consider a major overhaul, potentially reducing rates on everyday items and introducing a simplified two-tier structure. Whi...
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The CBDT has extended income tax exemptions for sovereign wealth and pension funds investing in India's infrastructure until March 31, 2030. This move...
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The GST Council is set to consider a proposal for a simplified two-slab GST structure of 5% and 18%, along with a 40% rate for sin and luxury goods. T...
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India and the United States are currently in talks for a bilateral trade agreement. Commerce Minister Piyush Goyal shared this information. India has ...
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An Indian tax panel has suggested significant consumer levy increases on luxury electric vehicles priced above $46,000, potentially impacting Tesla, M...
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Indian automakers and retailers may face losses on over 600,000 unsold vehicles. This is due to unclear GST compensation cess rules. The industry want...
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Editor's View
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While US Treasury Secretary Scott Bessent dismissed the SCO summit, telling Fox News it was largely performative, to other observers Xi has pull...
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Policy & Macro
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Union Finance Minister Nirmala Sitharaman said on Tuesday that the next generation GST reforms will create an open and transparent economy, reduce com...
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The auto sector expects eased import restrictions, fostering a positive sentiment among Chinese companies towards India.
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India has launched the National Critical Mineral Mission 2025, aimed at securing key resources essential for the country's economy, development, and n...
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India aims to raise the share of gas in its energy mix to 15 per cent by 2030 from about six per cent at present to cut its carbon footprint, Union Mi...
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The Indian government is considering extending incentives for critical semiconductor projects, potentially covering up to 70% of project costs through...
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Leadership
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Reserve Bank of India has approved the reappointment of R Gandhi as the non-executive chairman of Yes Bank. His term will be effective from September ...
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Governance, Risk & Compliance
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Sebi has increased intraday net position limits for index options to â¹5,000 crore while maintaining the gross position limit at â¹10,000 crore to c...
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The Competition Commission of India (CCI) on Tuesday approved the Sumitomo Mitsui Banking Corporation's acquisition of certain share capital and votin...
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Accounting, Legal & Tax
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An SBI Research report indicates that states will benefit from the proposed GST rate rationalization, projecting revenues exceeding Rs 14.10 lakh cror...
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In a taxpayer-friendly ruling, the ITAT Bengaluru allowed Mr. Jakkaraju's Section 87A tax rebate claim, even though it was filed in a revised ITR. The...
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The bench observed that invoking Section 212(1)(c) of the Companies Act, 2013 - the provision empowering the government to mandate an SFIO probe - was...
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The Clothing Manufacturers Association of India (CMAI) expresses concern over the proposed GST hike on garments priced above Rs 2,500, fearing it will...
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The News Broadcasters & Digital Association (NBDA) has appealed to the Finance Minister Nirmala Sitharaman, requesting revisions to the GST framework....
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