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PoliticsThe GST Council is considering reforms to GST enforcement, including removing officials' arrest powers and requiring court orders for arrests. Criminal prosecution may be restricted to cases involving over Rs 5 crore, while routine GST disputes could be resolved through civil penalties, avoiding criminal courts. These changes aim to streamline enforcement and reduce litigation.
Economic Times·
BusinessAnup Bagchi, after over three decades at ICICI Group, will become the MD and CEO of HDFC Bank on October 27, succeeding Sashidhar Jagdishan. This marks Bagchi's first leadership role outside ICICI. His appointment brings an external perspective to HDFC Bank as it aims to rebuild investor confidence. Bagchi is an IIT Kanpur and IIM Bangalore alumnus with a diverse financial services background.
Deccan Herald··Bengaluru
BusinessThe GST Council is set to approve significant reforms to simplify tax compliance for businesses, especially small e-commerce sellers. Proposed changes include allowing sellers to use platform warehouses for GST registration, protecting genuine buyers' input tax credit, and reducing low-value litigation. Around 9.5 lakh small sellers could benefit by accessing the national market without physical offices in every state, streamlining registration and return filing processes.
HT Business·
PoliticsOn October 5, 2026, Britain’s Green Party voted to classify Zionism as a form of racism. The party described Zionism as an ethnonationalist political project and urged the UK Labour government to end arms trade with Israel. The decision drew criticism from British Jews and the Israeli government, which accused the party of legitimizing terrorism. The Greens also support a single democratic state in historic Palestine.
Hindu World·
BusinessIntesa Sanpaolo announced that its improved offer for Banca Monte dei Paschi di Siena has received support from the bank's largest shareholder, Delfin Sarl. This endorsement brings Intesa closer to winning the Italian bank's takeover contest.
Mint Companies·
SportsKansas City Chiefs wide receiver Rashee Rice injured his right hamstring during the first quarter of the game against the Las Vegas Raiders. The injury occurred with 7:58 minutes left in the quarter after Rice pulled up at the end of a catch. He immediately went to the sideline and is currently questionable to return, according to the Chiefs.
HT Sports·
Economic Times·
The GST Council is considering reforms to GST enforcement, including removing officials' arrest powers and requiring court orders for arrests. Criminal prosecution may be restricted to cases involving over Rs 5 crore, while routine GST disputes could be resolved through civil penalties, avoiding criminal courts. These changes aim to streamline enforcement and reduce litigation.
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