Business
GST rationalisation impact: Higher RBI dividend expected to offset revenue shortfall; CareEdge flags tax pressure – The Times of India
The recent rationalisation of Goods and Services Tax (GST) rates is likely to create a net revenue loss of around 0.1 per cent of GDP in the current financial year. However, this shortfall may be compensated by the higher dividend payout from the Reserve Bank of India (RBI), according to a report by CareEdge Ratings.The report, cited by ANI, highlighted that tax revenue growth has already slowed this year. With nominal GDP growth projected to be lower in FY26, achieving the full-year tax collection targets could become more difficult. The effect of the income tax relief announced in the last Budget, along with the revised GST structure, will need to be closely watched in the coming months.
CareEdge noted, “The net revenue shortfall from GST rationalisation is expected to be offset by the higher dividend transfer received from the RBI.”Despite the support from non-tax revenue, the report cautioned that weaker tax inflows could limit the government’s spending capacity in the latter half of the fiscal year. This could become more pronounced if the Centre continues to focus on its fiscal consolidation goal, which involves gradually lowering the fiscal deficit over time.When the GST rationalisation decision was announced, the GST Council had estimated the fiscal implication at about Rs 48,000 crore, or around 0.15 per cent of GDP based on FY24 consumption levels. The Council had also expected that stronger consumption could help recover part of this impact through improved GST receipts.A separate analysis by the State Bank of India (SBI), reported by ANI, projected that the central government’s revenue loss due to the GST rate cuts will be about Rs 3,700 crore in FY26. SBI noted that robust growth and increased consumer demand have helped soften the overall impact.SBI pointed out that while the initial estimated loss from GST rate changes was Rs 93,000 crore, additional GST collections led to the net loss narrowing to Rs 48,000 crore.During the first half of the current fiscal year, a slowdown in tax receipts was partly cushioned by strong non-tax revenue, particularly the higher dividend from the RBI. Meanwhile, the reduction in personal income tax rates announced in the Budget has contributed to slower income tax collections this year.While the complete fiscal impact of the GST rationalisation will become clearer over time, analysts suggest that the government may still be able to maintain fiscal balance. The combination of higher non-tax revenue and potential gains from stronger consumption-led GST inflows could help offset the pressure from moderating tax collections.
Business
IRCTC Down? Tatkal Ticket Users Complain Of Repeated ‘Error’ Messages On App; Netizens React; How to Book Train Tickets Online
IRCTC Tatkal Train Tickets: IRCTC’s Tatkal ticket booking service came under fire from netizens on Tuesday, with several users taking to social media to report repeated ‘Error’ messages on the app and website during peak booking hours. Many users said they were unable to secure Tatkal tickets despite multiple attempts, alleging that the system failed at critical stages of the booking process. The complaints emerged even as no major outage was officially reported by IRCTC.
IRCTC Down: Downdetector Shows 68% Outage
The online platform Downdetector recorded a spike in complaints, with 68% of users reporting issues with the IRCTC website. The outage reports mainly came from major metro cities such as Delhi, Mumbai, Bengaluru and Kolkata. Meanwhile, 31% of users said they faced problems with the mobile app.
IRCTC: OTP For Tatkal Train Tickets
Indian Railways is set to make one-time passwords (OTPs) mandatory for booking Tatkal train tickets from railway reservation counters, a move that officials said aims to curb the misuse of the last-minute ticket booking facility. Passengers will have to provide a one-time password, received on their mobile phones, to book Tatkal train tickets from railway reservation counters.
Business
Gold Prices Hit All‑Time High Of Rs 1,38,381 Per 10 Grams
New Delhi: The rates of gold and silver surged by over 1 per cent to hit fresh record highs on Tuesday, driven by safe-haven demand, notably due to escalating US-Venezuela tensions.
MCX gold February futures rose 1.2 per cent to an all‑time high of Rs 1,38,381 per 10 grams and were up 1.01 per cent as of 10.48 am.
MCX silver surged 1.7 per cent to a record high of Rs 2,16,596 per kilogram and was up 1.30 per cent as of 10.48 am. The dollar index had declined 0.20 per cent during the session, making gold cheaper in overseas currencies.
Heightened geopolitical uncertainty, notably escalating US‑Venezuela tensions, has underpinned the rally, analysts said.
The US Coast Guard this month seized a super tanker under sanctions carrying Venezuelan oil and tried to intercept two more Venezuela‑related ships over the weekend, heightening tensions, according to multiple reports.
“Safe haven bidding is featured to start a holiday‑shortened trading week, amid heightened geopolitical tensions,” Rahul Kalantri, VP Commodities, Mehta Equities Ltd, said.
Intensifying US-Venezuela tensions and the killing of a Russian army general in a bomb attack on Monday increased geopolitical risk and supported gold and silver, Kalantri said.
Both precious metals also gained after cooling-off US inflation and no bigger surprise from the Bank of Japan policy meetings last week, he added.
Gold has support at the Rs 1,35,550-1,34,710 zone, while resistance is at the Rs 1,37,650-1,38,470 levels.
Silver has support at Rs 2,11,150-2,10,280 zone while resistance is at Rs 2,13,810, 2,14,970 levels, the analyst said.
Aggressive central bank buying, expectations of US Fed rate cuts, concerns over the impact of US tariffs, geopolitical tensions, and robust inflows into gold and silver ETFs drove the gold and silver prices this year.
Domestic spot gold prices have surged 76 per cent year‑to‑date and international gold prices almost 70 per cent in 2025, on track for their strongest annual performance since 1979.
Both domestic and international prices of silver have gained about 140 per cent YTD.
Business
Can Income Tax Department Access Your Social Media, Emails, Other Digital Platforms From 1 April 2026? Heres All You Want To Know
New Delhi: A social media post is going viral that claims, from 1st April 2026, the Income Tax Department will have the authority to access your social media, emails, and other digital platforms to curb tax evasion.
A post is being circulated by an X handle IndianTechGuide. Fact-checking agency PIB has refuted the social media claim. PIB has stated that the claim being made in this post is misleading.
Can Income Tax Department Access Your Social Media, Emails, Other Digital Platforms?
PIB further explained, the provisions of section 247 of the Income Tax Act 2025 are strictly limited to Search and Survey operations. Unless a taxpayer is undergoing a formal search operation due to evidence of significant tax evasion, the department has no power to access their private digital spaces.
A post by @IndianTechGuide claims that from April 1, 2026, the Income Tax Department will have the ‘authority’ to access your social media, emails, and other digital platforms to curb tax evasion.#PIBFactCheck
_The claim being made in this post is #misleading! Here’s the real_ pic.twitter.com/hIyPPcvALF
— PIB Fact Check (@PIBFactCheck) December 22, 2025
It added, the powers cannot be used for routine information gathering/processing, or even for cases under scrutiny assessment. These measures are specifically designed to target black money and large-scale evasion during search and survey, not the everyday law-abiding citizen
PIB said that the power to seize documents and evidence during search and survey operations has existed since the 1961 Act.
How to get messages fact-checked by PIB
If you get any such suspicious message, you can always know its authenticity and check if the news is for real or it is a fake news. For that, you need to send the message to https://factcheck.pib.gov.in. Alternatively you can send a WhatsApp message to +918799711259 for fact check. You can also send your message to pibfactcheck@gmail.com. The fact check information is also available on https://pib.gov.in.
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