WTC Mumbai has submitted a memorandum seeking GST issue redressal, spotlighting emerging challenges faced by the industry. The document outlines key concerns and puts forward recommendations aimed at improving how GST-related problems are addressed, signaling growing pressure on policymakers to respond to business difficulties and streamline compliance.
India’s Draft Electricity (Amendment) Bill, 2025, proposes ending cross-subsidies, enabling private distribution, and setting tariffs closer to actual costs. If implemented, industrial power bills—especially for energy-intensive players like steel, cement, aluminium, and data centres—could fall, lifting margins. States with currently “distorted” tariffs are expected to benefit the most from the reset.
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Ahead of the Union Budget process, the Finance Ministry has invited suggestions from industry and trade bodies on possible changes to duty structures, tax rates, and the broadening of the tax base. The communication covers both direct and indirect taxes and asks stakeholders to provide economic justifications for proposed changes.
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