Economy news

• Faster registration, easier refunds: Reform rollout with GST 2.0

  04-10-2026 22:25 via timesofindia.indiatimes.com
  
  GST Council plans to unveil substantial reforms aimed at improving business processes and facilitating growth. The proposed changes involve streamlined registration, easier refunds, and a more efficient input tax credit system. Decriminalisation measures are also proposed to alleviate issues for businesses with minor offenses. A focus is on reducing discretionary practices and using technology to minimize litigation. These reforms seek to enhance operational efficiency for both small and large e
  
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• GST Council meeting on October 7: Arrest powers, ITC, prosecution threshold proposals on agenda - report

  04-10-2026 19:54 via timesofindia.indiatimes.com
  
  The GST Council will meet on October 7 to discuss major reforms in GST processes and enforcement. Proposed changes include removing tax officers' arrest powers and requiring judicial consent for any arrests. Additionally, the prosecution threshold may be raised from Rs 1 crore to Rs 5 crore, with some offences being decriminalized. Changes are also aimed at simplifying compliance for small e-commerce sellers and protecting genuine buyers' input tax credits.
  
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• Gold, silver outlook: Dollar, US-Iran tensions, RBI policy among key factors to drive prices this week

  04-10-2026 17:51 via timesofindia.indiatimes.com
  
  This week, prices for gold and silver are likely to experience fluctuations driven by various factors including the strength of the US dollar, rising bond yields, and continuing tensions between the US and Iran. Market participants are closely monitoring the Reserve Bank of India's impending interest rate decision, as well as key economic data that could shape market predictions.
  
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• Predicted to hit Rs 2 lakh, will gold prices fall to Rs 1.25 lakh per 10 grams?

  04-10-2026 15:41 via timesofindia.indiatimes.com
  
  International gold prices have fallen 26% from the record high of $5595 seen on January 29 this year. Indian gold prices peaked at the same time and are down around 23%. More recently, gold prices which rose to Rs 1,64,773/10 gm levels on MCX futures contract in the last week of August had fallen by more than 10% to a low Rs 1,45,991/10 gm levels last week.
  
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• Jio Platforms IPO likely by Oct-end; $3.8 bn issue, $143-146 bn company valuation: Report

  04-10-2026 13:37 via timesofindia.indiatimes.com
  
  Jio Platforms is preparing for its stock market debut with an estimated issue size of $3.8 billion, which could set records. The IPO aims for a valuation of $143-146 billion, with filings expected in mid-October. Reliance Jio’s expansion includes telecom, cloud, AI, and services, reporting significant financial growth recently. Past investors include tech giants like Meta and Google, contributing substantial capital to the company.
  
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• Stock market outlook: RBI rate decision, earnings, oil & more, here's what will drive D-street this week

  04-10-2026 12:15 via timesofindia.indiatimes.com
  
  Volatility looms over Indian stock markets as they navigate a complex web of local and global influences. Major factors at play include the upcoming decision on interest rates from the Reserve Bank of India, alongside the eagerly awaited corporate earnings announcements. Additionally, fluctuations in crude oil pricing and global bond yields are expected to mold market sentiment.
  
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• Rs 2.47 crore cash deposit triggers tax notice: Why ITAT Delhi ruled in favour of assessee

  04-10-2026 08:25 via timesofindia.indiatimes.com
  
  The shop owner said that deposited cash had come from sales generated by his pharmacy and had been properly recorded for in the concerned business books. To support his explanation, he submitted an audited balance sheet, VAT (value-added tax) returns and sample sales invoices. The Assessing Officer (AO), however, did not accept his account.
  
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