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BusinessPhoto: Mint

GST Rules on Post-Sale Discounts and Export Refunds Change from November 1

From November 1, India will implement changes to GST rules affecting post-sale discounts, export refunds, and tax procedures. The Finance Ministry notified that Sections 153 to 155 of the Finance Act, 2026, will amend Sections 15, 34, and 54 of the CGST Act, 2017. Businesses can exclude eligible post-supply discounts from taxable value via GST credit notes if recipients reverse the input tax credit. This removes the prior need for discount agreements at supply time, benefiting sectors like FMCG, pharmaceuticals, retail, and consumer durables.

Mint·

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BusinessPhoto: ET Markets

Kalshi Adds Safeguards for Traders Aged 18-20

Kalshi, a prediction market platform, is enhancing protections for traders aged 18 to 20 by introducing a $2,500 monthly deposit limit and alerts for users who invest a large portion of their funds in a single trade. The company also announced partnerships with youth safety organizations amid increasing concerns about gambling risks.

ET Markets·

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EntertainmentPhoto: TOI Entertainment

Netaji Subhas Chandra Bose's Grandnephew Demands 'Fauzi' Teaser Removal

Chandra Kumar Bose, grandnephew of Netaji Subhas Chandra Bose, criticized the teaser of the film 'Fauzi' for its portrayal of historical figures. He called for a revised version to maintain historical accuracy. Socio-political leader Suparno Satpathy also expressed concerns about mixing fiction with real events. The film, directed by Hanu Raghavapudi, is set to release in March 2027.

TOI Entertainment·

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PoliticsPhoto: Hindu Business

RBI Governor Urges States to Adopt Prudent Borrowing Strategies

RBI Governor Sanjay Malhotra, addressing the 36th Conference of State Finance Secretaries, urged state governments to adopt prudent borrowing strategies and ensure quality spending to maintain long-term fiscal health. He also emphasized the effective use of the State Level Bankers’ Committee (SLBC) forum. The governor spoke during the 30th Financial Stability and Development Council meeting in New Delhi on October 23, 2026.

Hindu Business··New Delhi

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PoliticsPhoto: Amar Ujala

Bombay HC Quashes Case Against Student for Sharing Operation Sindoor Post

The Bombay High Court dismissed the FIR against Pune engineering student Khadija Shahabuddin Sheikh for resharing a post related to Operation Sindoor on social media. The court ruled that merely finding a post objectionable is insufficient for criminal action and legal grounds must exist. The student was not the original author, removed the post within two hours, and apologized publicly. The FIR was filed on May 9, 2025, citing concerns over communal tension from the post during India-Pakistan conflict.

Amar Ujala··Pune

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PoliticsPhoto: Hindu World

Norway and Finland Leaders Hold Candid Talks with Putin

Norwegian Prime Minister Jonas Gahr Store and Finnish President Alexander Stubb held frank and substantive talks with Russian President Vladimir Putin. Stubb emphasized that the war's outcome will directly impact European security and stated that ending the conflict requires direct discussions. The leaders issued a joint statement highlighting the importance of dialogue to resolve the war.

Hindu World·

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