KHATIMA NEWS
Business
The GST Council is expected to examine a proposal on October 7, 2026, that could let employers claim input tax credit on GST paid for insurance premiums covering employees. The proposal, if considered, would address the tax treatment of employer-provided insurance coverage.
Business
The GST Council is likely to consider process reforms on Wednesday aimed at making tax compliance easier for businesses. The proposals could help small e-commerce sellers use platform warehouses for GST registration, protect genuine buyers' input tax credit and reduce litigation involving low-value disputes, according to sources.
Business
India's food regulator, FSSAI, has directed Everest Food Products to withdraw pre-packed cumin powder from the market after sample tests found the product unsafe for consumption. Related reports said testing identified pesticide residues above permitted limits, prompting the recall order for the affected food product.
Business
A sample of Nestle Low Fat Dairy Whitener taken from M/s Bharat Hotels Ltd. (The Lalit) in Connaught Place, New Delhi, was classified as unsafe and substandard in a Food Analyst's report under the FSS Act, 2006. FSSAI directed that sales of the identified product be stopped immediately, while Nestle India has said it meets safety standards.
Business
NITI Aayog member Arvind Virmani reaffirms his annual GDP forecast, keeping the year's target at 7 percent with a plus-minus of one percentage point. He notes earlier adjustments amid global uncertainties but says the medium-term potential remains the guiding mean forecast.
Business
As Indian equities slide amid global uncertainty, analysts point to rising US bond yields as a key pressure. The piece explains the mechanics of bonds, investors' shifting preferences, and why foreign money is pulling back, impacting prices across Indian stocks and the outlook for profits.
Business
At the 5th Kautilya Economic Conclave in New Delhi, the RBI Governor outlines the focus on financial stability, institutional mechanisms, and India's tools to assess risks, while noting an upcoming monetary policy committee meeting and avoiding policy specifics.
Business
During the Kautilya Economic Conclave 2026 in Delhi, RBI Governor Sanjay Malhotra cautioned that the international order is under substantial strain. He noted geopolitical fragmentation, trade restrictions, and unpredictable supply shocks, stressing the need to avoid complacency after years of addressing legacy lending and NPAs.
Business
BJP leader Keya Ghosh has criticised protests against Chief Election Commissioner Gyanesh Kumar in Kolkata, calling them a “farce”. She said the opposition was frustrated by its defeat, worried about an impending loss in 2029 and using demonstrations to keep what she described as the “business of protests” running.
Business
India's share market is under pressure despite the government citing economic growth of 7.8%. The explanation discussed in the report is that foreign investors may be selling Indian equities and moving money toward US government bonds as yields rise. Oil prices, a weaker rupee and uncertainty linked to Iran and the Strait of Hormuz are also cited as factors.
Business
HDFC Bank has received approval to appoint Anup Bagchi as its next Managing Director and Chief Executive Officer from October 27, 2026. Bagchi, currently MD and CEO of ICICI Prudential Life Insurance, will succeed Shashidhar Jagdishan for a 3-year term, subject to shareholder approval.
Business
Gold prices increased in the national capital's bullion market on October 1, ending a 2-session decline, while silver remained unchanged at Rs 2.32 lakh per kilogram. In global markets, gold edged higher and silver fell as fluctuations in the US dollar limited larger gains in precious metals.
