The 57th meeting of the GST Council, originally scheduled for September 12, has been rescheduled to October 7 after it clashed with the BRICS Summit being held in New Delhi. According to the source, the meeting is expected to take up pending GST issues, including input tax credit (ITC), the treatment of corporate guarantees, and rate rationalisation.
India's economy grew 7.8% in the latest reading. Against this backdrop, Prime Minister Narendra Modi, in a video posted on Instagram on September 1 from the Shanghai Cooperation Organisation (SCO) summit in Bishkek, appealed to citizens to cut back on gold purchases and foreign travel. He linked such domestic spending choices to India's goal of becoming a developed economy by 2047.
LivemintThe Union Coal Ministry rejected claims that its coal gasification scheme had 'no takers', stating that Talcher Fertilisers Ltd (TFL) and NTPC have applied under the scheme. According to the ministry, TFL is already implementing a coal-based ammonia-urea gasification complex, which is expected to be commissioned in FY 2027-28.
The HinduJapan's JCR rating agency upgraded India's sovereign credit rating from BBB+ to A- with a stable outlook, following India's strong 7.8% GDP growth. The upgrade signals improved confidence in India's economic fundamentals and marks a positive reassessment of the country's creditworthiness by an international agency, coming shortly after the latest growth figure was reported.
LivemintIndia and China held their first Corps Commander-level meeting in Arunachal Pradesh, indicating an expansion of the two countries' military dialogue mechanism to this sector. The talks took place a few days before the BRICS Summit, which Chinese President Xi Jinping is expected to attend, and amid reported tension in the Taksing area of Arunachal Pradesh.
The HinduThe last seven days as one sheet — grouped by syllabus area, every figure worth memorising, and a quiz across the whole week.
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