Wary of Rs 15,000 crore revenue loss, Karnataka to oppose Centre’s GST rate cuts; seeks compensation

Karnataka government fears a significant revenue shortfall from the Centre’s GST rate reshuffle plan, potentially losing over Rs 15,000 crore. While the move aims to simplify the tax structure and benefit consumers, the state insists on revenue protection and demands consensus between states and the Centre. Karnataka is advocating for compensation or a revised revenue-sharing…

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FPI selloff: Rs 21,000 crore offloaded from Indian markets in August first half; Analysts cite US tariffs, Q1 earnings and rupee depreciation

Foreign portfolio investors significantly reduced their Indian equity holdings in early August 2025, totaling over Rs 21,000 crore in outflows. This was triggered by trade disputes with the US, lackluster corporate earnings, and a weakening rupee. However, a potential credit rating upgrade and easing US-Russia tensions could positively influence future FPI outlook.

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