GST reforms India
Karnataka CM Siddaramaiah Confronts Centre Over State's Financial Share and Infrastructure Challenges
Oct 21, 2025 06:33 pm CST
Karnataka Chief Minister Siddaramaiah has intensified his criticism of the BJP-led central government, claiming the state receives minimal returns on tax contributions while facing significant infrastructure challenges in Bengaluru. Amid growing concerns from industry leaders about deteriorating road conditions, Siddaramaiah questioned the fairness of GST reforms and demanded Karnataka's rightful share of central funds, even threatening legal action to secure the state's financial entitlements.
RBI Upgrades India's GDP Growth Forecast to 6.8% for 2025-26 Amid Structural Reforms
Oct 01, 2025 02:02 pm CST
The Reserve Bank of India has raised its GDP growth forecast for 2025-26 from 6.5% to 6.8%, citing structural reforms and strong Q1 performance of 7.8%. Governor Sanjay Malhotra highlighted that GST streamlining will offset external challenges, with quarterly projections of 7.0%, 6.4%, and 6.2% for the remaining quarters. Strong private consumption, manufacturing revival, and robust rural demand continue to drive economic resilience despite global uncertainties.