Category: Economic News
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Complete Guide to GST Penalty Rules and Late Fees in India: Detailed Breakdown of Non-Compliance Charges, Interest Calculations, and Government Regulations for Businesses
Goods and Services Tax (GST) has transformed the indirect tax structure in India by creating a unified system for businesses across sectors. While GST aims to simplify taxation, non-compliance attracts penalties, interest, and late fees that can significantly impact businesses of any size. Many taxpayers face notices, financial loss, and compliance hurdles due to a…
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Complete Pension and Gratuity Processing Timeline Explained: Step-by-Step Approval Process for Central Government Retiring Employees Under CCS (Pension) Rules
For every central government employee, retirement is one of the biggest milestones of their career. A smooth transition into retirement largely depends on the timely processing of pension, gratuity, and other post-retirement benefits. To bring uniformity and avoid delays, the Department of Pension and Pensionersâ Welfare (DoPPW) has introduced a structured and time-bound workflow under…
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8th Pay Commission Expected from January 2026: Complete Details on Salary Hike, Fitment Factor, and Implementation Timeline
The Government of India has initiated the process for the 8th Central Pay Commission (8th CPC), which is expected to bring a major revision in the salaries and pensions of central government employees and pensioners. According to official sources, the 8th Pay Commission is likely to be implemented from January 1, 2026, marking the next…
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Why Income Tax Refunds in India Have Dropped 16% â Causes, Risks, and What You Can Do
In recent months, many taxpayers in India have been surprised: income tax refunds that once felt reliably timed and generous are shrinking. According to reports, refunds have fallen by about 16 percent compared to last year. That kind of decline prompts serious questions: Is your return delayed? Is your refund being reduced? What factors are…
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Why the New PF Rule Will Hurt Your Retirement: How Changes in EPF Withdrawal Will Impact Compounding and Long-Term Savings
In recent rule updates for the Employeesâ Provident Fund (EPF), a significant policy shift is causing alarm among financial experts and retirees. The changes make it easier to withdraw your PF corpus after just 12 months of unemploymentâbut advisors warn that tapping your savings early will severely erode the power of compounding, ultimately weakening retirement…
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Indiaâs Fixed Airfare Scheme 2025: How the âOne Route, One Fareâ Initiative Could Revolutionize Budget Air Travel in India
Air travel in India has grown rapidly over the last decade, becoming one of the most dynamic aviation markets in the world. Yet, frequent flyers â especially from Tier 2 and Tier 3 cities â have long faced a major frustration: fluctuating ticket prices. With dynamic pricing algorithms, the cost of a flight could jump…
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Why Indiaâs New EPFO Withdrawal Rules Are Triggering Outrage: Impacts, Protests & What Salaried Workers Must Know
The Employeesâ Provident Fund Organisation (EPFO) recently rolled out a set of sweeping changes to withdrawal, service and pension rules. While some see them as simplification and modernization, many salaried workers view them as drastic, punitive, and insensitiveâespecially in times of increasing job insecurity. In this article, we examine: Whatâs Changed: New EPFO Withdrawal Rules…
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India Nears First Tranche of Bilateral Trade Agreement with the U.S.: Key Details, Trade Figures, and Strategic Impact 2025
India and the United States are on the verge of finalizing the first tranche of their Bilateral Trade Agreement (BTA), aimed for completion by fall 2025. This agreement is expected to significantly enhance economic and strategic ties between the two nations, with a goal to double bilateral trade to $500 billion by 2030. The first…
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Crypto Market Crashes $19 Billion After Trump Announces 100% Tariff on Chinese Tech Imports â Full Analysis, Causes, and Impact
The cryptocurrency market experienced a historic collapse after U.S. President Donald Trump announced a sweeping 100% tariff on all Chinese technology imports, triggering panic among investors. In just 24 hours, over $19 billion worth of crypto positions were liquidated, marking the largest single-day wipeout in crypto history. This unprecedented event has left traders, analysts, and…
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Amazon India Everyday Essentials: How the FMCG & Household Goods Hub Is Transforming Online Shopping in 2025
Amazon India is no longer just a platform for electronics or fashion â it has become an essential partner for Indian households. The âEveryday Essentialsâ section on Amazon India is reshaping how consumers buy daily-use products like groceries, cleaning supplies, baby care, and personal hygiene goods.You can explore this range of daily-use products directly through…