KERALA ECONOMY
Twin Takeoff: Indian cities finally getting secondary airports but where are the low-cost terminals?
Navi Mumbai and Noida are getting new airports soon. These projects have been in the works for a long time. Many global cities have multiple airports. Mumbai's current airport is very busy. Delhi's airport is expanding. Goa already has a successful secondary airport. Other cities like Bengaluru, Chennai and Pune may also get new airports in the future.
GST Council slashes tax slabs to two to spur consumption; announces key measures for middle class
GST Meeting News: The Goods and Services Tax (GST) Council has streamlined India's indirect tax system. It reduced the existing four tax slabs to two. Many items will become cheaper as they move to lower tax brackets. This aims to boost consumer spending. The change follows Prime Minister Narendra Modi's promise of a GST overhaul.
GST reforms set to boost FMCG, auto, insurance and hospitality sectors: Saurabh Mukherjea
India's Goods and Services Tax reforms are set to stimulate consumption and vital economic sectors. Saurabh Mukherjea highlights potential benefits for Fast-Moving Consumer Goods and the auto industry. He favors large-cap quality stocks. Insurance and business-focused hospitality also present opportunities. However, personal credit growth may face challenges due to job cuts. Mukherjea welcomes the reduced GST on popcorn.
GST Council starts two today meeting to discuss two slabs, tax cuts
The GST Council convened to deliberate on a proposal to streamline tax slabs, potentially reducing rates for essential items and luxury goods. While states generally support the plan, some opposition-led regions seek revenue loss compensation. The proposed reforms aim to boost consumption, ease business operations, and simplify compliance, with potential economic benefits.
GST Council Meeting: Hour of GST 2.0 arrives; all eyes on Team Modi's Diwali gifts for Indian economy
The keenly-watched GST Council meeting is underway. It will potentially overhauling India's tax structure by reducing it to two primary slabs of 5% and 18%, alongside a 40% rate for luxury items. This reform aims to boost consumption and simplify compliance, but faces opposition from states concerned about revenue losses and compensation mechanisms, particularly regarding the compensation cess.
SBI to states: Don’t fear PM Modi’s Diwali GST gift, you’ll still be net gainers
State Bank of India projects Indian states will remain net gainers from GST, even with rate rationalisation, due to revenue sharing mechanisms. This contradicts concerns of revenue loss expressed by some states. The bank suggests utilising the compensation fund surplus to offset potential losses from rate adjustments.
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Car sales stay in slow lane for 4th straight month
Passenger vehicle sales in India experienced a fourth consecutive month of decline in August, dropping 7% to 330,000 units as carmakers strategically adjusted dispatches in anticipation of revised GST rates. The GST Council is expected to discuss lowering the levy on small cars, potentially boosting sales.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of more than 22%
Here’s the thumb rule: Always make a distinction between what is happening to the stock price and what is happening to the fundamentals of a company or sector. There are times, however, when this is even more important. At this point of time, the risk of more headwinds for the economy are high. But did the movement of the market on Monday give you that feeling? So, a couple of things: If you are putting money into the market, make sure it is not money you need in a hurry. Also: Focus on a few businesses and even fewer stocks; and ignore the noise on the street.
Kerala needs economy reset; willing to be voice for change: Shashi Tharoor
Shashi Tharoor advocated for making Kerala more business-friendly to boost its economy. He suggested an Investor Protection Act and deregulation. Tharoor expressed readiness to contribute if chosen. He highlighted Kerala's need for economic change due to its debt. The upcoming elections have sparked debate about the Congress party's leadership. Names like VD Satheesan and KC Venugopal are in discussion.
RBI launches Consumer Confidence Surveys for Rural and Urban households
The Reserve Bank of India has launched the September 2025 round of its Urban and Rural Consumer Confidence Surveys to gauge households’ views on the economy, jobs, income, prices and spending. Conducted quarterly across 19 cities and 31 states/UTs, the surveys capture current perceptions and one-year-ahead expectations, providing key inputs for RBI’s monetary policy decisions.
Suspend toll collection until Assam highways are repaired: Gogoi to Gadkari
Assam Congress President Gaurav Gogoi has urged Union Minister Nitin Gadkari to suspend toll collection on highways in Assam until necessary repairs are completed. Citing the deplorable condition of NH-27 and NH-37, Gogoi highlighted the dangers posed by potholes and waterlogging.
India will not compromise farmers' interests in any trade deal with US: Amit Shah
Union Home Minister Amit Shah affirmed that India will prioritize its farmers and national interests in any trade agreement with the United States, following new tariffs imposed by Washington.
Beyond numbers, get real on roads
The Supreme Court upheld the suspension of toll collection at a Kerala plaza due to poor road conditions, highlighting the human cost of inefficient infrastructure. The court emphasized that citizens shouldn't pay extra for substandard roads they've already funded through taxes.
India should position weddings, MICE as niche tourism segment: Government official
A senior Union Tourism Ministry official suggests Kochi should prioritize weddings and MICE tourism as a distinct segment. Suman Billa highlighted Kerala's potential to become a leading venue, advocating for dedicated microsites on tourism portals. The state boasts excellent infrastructure and a green-friendly approach, with a potential business opportunity worth Rs 1 lakh crore.
US tariff hike to severely impact Kerala economy; CM Vijayan promises assessment
Kerala Chief Minister Pinarayi Vijayan warned that the recent US tariff hike would significantly impact Kerala's economy. He highlighted that the US is a major importer of Kerala's agricultural products, including cashew nuts and seafood.
Kerala govt weighs US tariff move
Kerala government will hold a meeting to discuss the impact of US tariffs. The US has imposed a 50 per cent tariff on imports from India. Kerala anticipates a negative impact on its economy and exports. The state government advocates for a firm stance from the central government. Discussions with experts are scheduled to determine the extent of the impact.
Kerala Finance Minister K N Balagopal terms US tariff as 'bullying' tactic
Kerala Finance Minister K N Balagopal criticized the United States' imposition of a 50% tariff on Indian goods, labeling it a "bullying tactic" aimed at controlling India's economy. He argued that the tariffs would negatively impact key exports like fish, spices, and textiles, affecting state taxation and various sectors. Balagopal asserted India should resist this pressure, emphasizing its economic strength.
Volvo shifts gears, to offer both EVs & ICE models in India
Volvo Cars India is adjusting its strategy, continuing to offer both electric and internal combustion engine vehicles due to slower EV adoption rates. This reverses their previous plan to go all-electric by the end of the decade. The company acknowledges varying EV adoption across regions and emphasizes the importance of government policies and charging infrastructure for EV growth.
Debt by cash transactions of over Rs 20,000 not legally enforceable: Kerala HC
The Kerala High Court made a significant ruling. It involves cash transactions exceeding Rs 20,000. Such debts are not legally enforceable without proper justification. This decision came during a cheque dishonor case appeal. The court acquitted the accused, emphasizing the need to discourage large cash transactions. This aligns with India's digital economy goals.
India-UK FTA excludes dairy products, edible oils, apples; secures zero duty on 95 pc agri exports
The India-UK Free Trade Agreement is set to greatly benefit Indian farmers. It will open UK markets for Indian agricultural products. Duty-free access will be granted to staples like turmeric and processed goods. India's agricultural exports to the UK are expected to increase significantly. Sensitive sectors like dairy will be protected. Opportunities will emerge for products like jackfruit.
States, UTs crucial to India's rise as world’s third-largest economy by 2028: Morgan Stanley
Morgan Stanley projects India to become the world's third-largest economy by 2028, reaching a $10.6 trillion GDP by 2035, with states and union territories playing a vital role. Several states are expected to achieve a $1 trillion economic size by 2035, while others outperform national averages in per capita GDP and growth.
Comrade's glory and folly: VS Achuthanandan’s century-long life mapped the state’s social revolution
Veteran communist leader and former Kerala CM V.S. Achuthanandan passed away at 101, significantly exceeding Kerala's high life expectancy. His life exemplified the state's social transformation, where ordinary individuals like him and Pinarayi Vijayan rose to leadership.
GST enforcement should be balanced with sensitivity: SBI Research amid K'taka UPI-GST row
SBI Research cautions that aggressive GST enforcement based on UPI transactions could push small businesses back into the informal economy, citing a case in Karnataka. The report emphasizes balancing scrutiny with sensitivity to empower small traders, noting that GST has fostered accountability and helped soothe inflation. It also highlights rising women's participation in GST registrations.
Upskilling, reskilling to help Indian workforce win in tomorrow’s market: Coursera CEO Greg Hart
With 30 million registered learners and a 20% annual growth rate, India currently accounts for the second largest number of users on Coursera, after the US. In terms of the user base for generative artificial intelligence, India is already the largest, said Hart, who is on his first visit to India after being appointed the company’s CEO in February this year.
VCs find quick fashion in vogue; India’s AI edge
Quick-fashion delivery is drawing investor interest as a category ripe for reinvention. This and more in today’s ETtech Top 5.
ET MSME Awards 2025: India's small business Olympics gets 22 gold medal categories
The complete guide to India’s biggest MSME awards event, where corner shop innovators compete with manufacturing titans and startup rebels for the nation's most coveted entrepreneurial honours.
Retail inflation hits over 6-year low of 2.10% in June; WPI turns negative
Retail inflation in India dropped to 2.1% in June, the lowest level since January 2019, driven by a sharp decline in food prices, official data showed Monday. This marked the fifth consecutive month that inflation based on the Consumer Price Index (CPI) remained below the Reserve Bank of India's (RBI) 4% target.
Flipkart’s new plan: Woo Gen Z and shoppers in small cities through video commerce
Under the video commerce segment, the platform is seeing user engagement mostly in commodity and functionality videos. Categories such as kitchen tools, gadgets, tech, and groceries are popular in the live stream segment. “Fashion and beauty take a leading role in short form video content because it’s more to do with inspiration,” Agrahari explained.
With decadal dipping birth rates and rising longevity, will India grow old before it can grow rich?
India faces an emerging social challenge as its population ages rapidly due to declining birth rates and increasing life expectancy. While celebrated for its youthful demographic, the nation's growing elderly population, projected to reach 350 million by 2050, poses significant social and economic challenges. Addressing healthcare gaps and creating a supportive environment for seniors is crucial for India's development goals.
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