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Finance Ministry

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India 8th Pay Commission progress & salary updates

61 clusters · 63 sources · last updated

Latest: India's 8th Pay Commission continues consultations on salary and pension revisions

The 8th Central Pay Commission, chaired by Justice Ranjana Prakash Desai, is advancing its consultation phase to revise salary structures for central government employees and pensioners. Following meetings in Bengaluru (

[ACTIVE] [BUSINESS] [JP] [US] [DE]

BOJ weighs rate hikes amid inflation and demand volatility

36 clusters · 225 sources · last updated

Latest: Japan banks raise interest rates on pension accounts and time deposits

Japan’s economic landscape is defined by a tension between rising inflation risks and cooling domestic demand. While the Bank of Japan (BOJ) raised its benchmark interest rate to a 31-year high of 1.25% in September, pol

[ACTIVE] [BUSINESS] [IN]

India GST Council reforms and upcoming meeting agendas

12 clusters · 60 sources · last updated

Latest: India GST Council proposes major compliance and enforcement reforms

Following the 57th Goods and Services Tax (GST) Council meeting, significant reforms were approved to make the tax framework less punitive. Key measures included removing the power for officials to arrest individuals und

[ACTIVE] [BUSINESS] [IL]

Israel gasoline price fluctuations and tax response

5 clusters · 10 sources · last updated

Latest: Israel faces rising fuel and egg prices

Gasoline prices in Israel reached a record high of 8.25 shekels per liter for 95-octane fuel. This surge was attributed to rising international prices, excise tax adjustments, and higher marketing margins. The price incr

[ACTIVE] [BUSINESS] [IN] [CA]

Fairfax Financial acquisition of IDBI Bank stake

6 clusters · 31 sources · last updated

Latest: IDBI Bank stake sale to Fairfax Financial faces opposition

The Indian Union Cabinet has approved the sale of a 60.72% controlling stake in IDBI Bank to a subsidiary of Canada-based Fairfax Financial Holdings for approximately Rs 52,878 crore. This transaction, expected to conclu

[QUIET] [BUSINESS] [IN]

India taxation and petroleum windfall tax revisions

8 clusters · 45 sources · last updated

Latest: India revises petroleum export windfall taxes

In late August and early September 2026, the Indian Ministry of Finance and the Central Board of Indirect Taxes and Customs issued several notifications revising excise duties and customs tariff values. Initial revisions

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India UPI MDR implementation deferred until after Diwali

24 clusters · 161 sources · last updated

Latest: Delhi traders welcome postponement of UPI Merchant Discount Rate

The Unified Payments Interface (UPI) in India is transitioning from a largely free network to a model incorporating a Merchant Discount Rate (MDR) to cover annual operating costs. Effective October 15, 2026, a 0.4% MDR w

[QUIET] [BUSINESS] [IN]

Indian corporate and tax compliance deadline extensions

7 clusters · 15 sources · last updated

Latest: CBDT extends tax audit and income tax return deadlines

In India, professional bodies and stakeholders have been requesting extensions for various statutory compliance deadlines. Following the Ministry of Corporate Affairs' extension of the Companies Compliance Facilitation S

[QUIET] [BUSINESS] [IN] [BD]

India EPFO reforms and digital account integration

72 clusters · 127 sources · last updated

Latest: EPFO introduces automatic PF transfer for employees changing jobs

In May 2026, the Employees’ Provident Fund Organisation (EPFO) announced an 8.25% interest rate for FY 2025-26. June saw the launch of EPFO 3.0, a digital overhaul featuring UPI and ATM withdrawal capabilities, faster cl

[QUIET] [BUSINESS] [IN]

Indian bank union strike deferred after negotiations

8 clusters · 106 sources · last updated

Latest: Indian Banks’ Association forms committee to discuss five-day work week

The United Forum of Bank Unions (UFBU), representing over 90 per cent of India’s banking workforce, had scheduled a series of nationwide strikes for September 28 to 30, 2026, to address unresolved labor disputes. The uni

[QUIET] [BUSINESS] [IN]

India Goods and Services Tax Appellate Tribunal activities

6 clusters · 3 sources · last updated

Latest: Indian tax tribunals issue rulings on reassessment authority and penalty appeals

The Goods and Services Tax Appellate Tribunal (GSTAT) continues to issue rulings regarding tax disputes and administrative updates in India. Previous matters included jurisdictional limits on transitional input tax credi

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