7, Sep 2026
Kirby India Breaks Ground on Fourth PEB Manufacturing Facility in Tamil Nadu
TRICHY, India, Sept. 7, 2026 /PRNewswire/ — Kirby Building Systems & Structures India Pvt. Ltd., a subsidiary of Alghanim Industries and a leading provider of pre-engineered steel buildings (PEB) and structural steel solutions, today marked a significant milestone in its growth in India with the groundbreaking of its fourth manufacturing facility in Manapparai, near Trichy, Tamil Nadu.
The state-of-the-art facility will have an annual manufacturing capacity of 100,000 metric tonnes and will be developed across approximately 33.2 acres, with commercial operations expected to commence by mid-2027.
Once operational, the facility will increase Kirby India’s total annual manufacturing capacity from 300,000 metric tonnes to 400,000 metric tonnes, strengthening the company’s ability to serve customers across Southern India and other key markets.
Commenting on the investment, Sir Kutayba Y. Alghanim, Executive Chairman of Alghanim Industries, said: “Over the past 50 years, Kirby has grown under Alghanim Industries from an ambitious steel-building business into a trusted global partner. India has played an pivotal role in that journey for more than 26 years. This new investment reflects our continued confidence in the country’s long-term industrial development and our commitment to contributing meaningfully to its growth.”
The groundbreaking ceremony was attended by Waleed K. Alghanim, Chief Executive Officer of Kirby International; Nizar Shawwa, Chief Operating Officer of Kirby International; James Minato, Vice President, Middle East and Africa; and P. V. Mohan, Managing Director of Kirby India. They were joined by senior leaders from Alghanim Industries and Kirby India, project consultants, civil contractors, government representatives and members of Kirby’s Southern Region team.
Waleed K. Alghanim, Chief Executive Officer of Kirby International, said: “As Kirby marks 50 years as part of Alghanim Industries, we are looking ahead to ‘The Next 50’ with confidence and ambition. This investment is an important part of that future, expanding our capacity, strengthening our presence in Southern India and bringing us closer to customers in one of the country’s most dynamic industrial regions.”
P. V. Mohan, Managing Director of Kirby India, said: “Building on more than 26 years of operations in India, the new Tamil Nadu facility marks an important step in Kirby India’s growth. It will allow us to serve customers across Southern India with greater speed and flexibility while bringing advanced manufacturing capabilities closer to the markets we serve.”
Kirby India continues to invest in advanced engineering, automation, digital technologies and manufacturing capabilities to meet the evolving requirements of India’s industrial and infrastructure sectors.
The Tamil Nadu facility will complement Kirby India’s existing manufacturing network and enhance its ability to deliver high-quality, engineered and scalable steel-building solutions with greater speed, reliability and consistency.
The groundbreaking represents more than an expansion of manufacturing capacity. It marks another step in Kirby India’s evolution from a PEB manufacturer into a broader engineering and structural steel solutions partner, supporting India’s transition towards advanced manufacturing and next-generation infrastructure.
About Kirby Building Systems
Kirby Building Systems, a subsidiary of Alghanim Industries, is a global leader in the design, manufacture and construction of pre-engineered steel building systems and structural steel solutions.
Kirby has operated in India for more than 26 years, supported by over 25 sales offices and more than 150 certified builders. Its three existing manufacturing facilities are located in Hyderabad, Haridwar and Halol, Gujarat. The new facility in Manapparai, Tamil Nadu, will become Kirby’s fourth manufacturing facility in India.
Kirby provides engineered building solutions for industrial, manufacturing, commercial, warehousing, logistics and heavy structural applications. The company has completed more than 45,000 buildings in India, representing a total built-up area of approximately 50 million square metres.
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- By Sai Krishna
7, Sep 2026
India’s Demographic Dividend Holds Key to Becoming World’s Largest Economy
New Delhi, Sep 7: India has a significant opportunity to become the world’s largest economy, but achieving this goal will depend on how effectively the country uses its young and growing workforce, former Reserve Bank of India Deputy Governor Dr Michael Debabrata Patra said.
Patra said India’s demographic advantage could remain an important driver of economic growth until around the mid-2050s. This gives the country a crucial window to strengthen its economy, create jobs and raise productivity.
He stressed that a large working-age population alone cannot guarantee faster growth. India will need to focus on quality employment, better education and skill development, stronger infrastructure and higher productivity.
Expanding manufacturing and improving opportunities for young people will also be important to ensure that the growing workforce contributes meaningfully to economic activity.
Greater participation of women in the workforce could further strengthen India’s growth prospects and help the country make better use of its demographic potential.
Patra’s remarks highlight the importance of turning India’s demographic strength into sustained economic growth. With the right policies, investment and reforms, the country’s young population could become one of its biggest advantages in its journey towards global economic leadership.
7, Sep 2026
SEDCO Capital and Wahed Partner to Broaden Access to Makkah and Madinah Real Estate
The companies intend to launch a publicly offered, Shariah-compliant real estate suite combining SEDCO Capital’s Saudi real estate expertise with Wahed’s digital investment capabilities supporting Vision 2030’s investment and economic diversification ambitions.
JEDDAH, Saudi Arabia, Sept. 7, 2026 /PRNewswire/ — SEDCO Capital, a global, Shariah-compliant, and ESG-led asset management and investment advisory firm with over SAR 50 billion in assets under management, and Wahed Inc, (Wahed), a New York headquartered global Islamic financial technology company, with north of $2bn in assets under management today announced a strategic partnership to launch a publicly offered, Shariah-compliant real estate investment suite focused on Makkah and Madinah.
It is intended to give eligible investors, including Waheds 500,000 global investor base, diversified exposure to professionally sourced and managed real estate serving residents, pilgrims, businesses and visitors across the Two Holy Cities. It would bring together SEDCO Capital’s local investment and asset-management capabilities with Wahed’s experience as a category leader in making professionally managed investments easier for investors to access.
A long-term opportunity at the heart of Vision 2030
Makkah and Madinah sit at the center of one of the world’s most enduring demand stories. Saudi Arabia’s Vision 2030 Pilgrim Experience Program aims to enable 30 million Umrah pilgrims annually by 2030, alongside a wider program of investment intended to improve the experience of pilgrims and visitors. Meeting that ambition requires continued development across accommodation, hospitality, retail, residential property and the infrastructure that supports both cities.
This will provide a Shariah-compliant route into this long-term growth story while directing private capital toward real assets that can help meet the needs of residents, pilgrims and visitors. The partnership also aligns with Vision 2030’s broader economic diversification goals: attracting international investment, increasing private-sector participation, deepening Saudi capital markets and supporting the growth of real estate and tourism sectors in Saudi Arabia..
Opening an opportunity that has historically been difficult to access
For overseas individual investors, direct access to real estate in Makkah and Madinah has often been limited by high entry values, local-market boundaries and a scarcity of professionally managed products built for investor participation. It is intended to narrow that gap, giving eligible investors exposure to a professionally selected portfolio without requiring them to source and manage an individual property.
The concept responds to demand Wahed says it has seen from clients across international markets seeking credible, Shariah-compliant access to Saudi real assets – and, in particular, to Makkah and Madinah. It also builds on the successful launch of Wahed’s U.S. private real estate fund, which was designed to give accredited and non-accredited investors pooled exposure to professionally managed US based residential real estate from a $100 minimum.
Abdulwahhab Abed, Chief Executive Officer of SEDCO Capital noted “Makkah and Madinah are at the heart of the Kingdom’s most important transformations. The investment taking place is about meeting the needs of growing numbers global demand while creating lasting economic opportunity. SEDCO Capital brings deep local real estate capability and a long history of managing capital in the Kingdom. By partnering with Wahed, we intend to connect that expertise with a much broader investor audience and channel long-term international capital into opportunities that support Vision 2030.”
Mohsin Siddiqui, Chief Executive Officer of Wahed said: “Over the years, one question has come up again and again from Wahed clients around the world: how can I invest in Makkah and Madinah? For most people, there has never been a straightforward answer. This partnership is designed to change that. SEDCO Capital brings the local depth and real estate expertise; Wahed brings the distribution network, digital platform and experience of making professionally managed real estate easier to access. Together, we want to give everyday investors a credible, Shariah-compliant way to participate in the long-term growth of cities that mean so much to them.”
About Wahed
Headquartered in New York, Wahed Inc. (Wahed) is a global Islamic fintech and asset management company committed to democratising access to financial services. Licensed in nine countries, Wahed combines cutting-edge financial technology with Shariah principles to deliver innovative products that align with faith and values. With 500,000 clients globally and more than $2 billion in assets under management and administration across its entities, Wahed serves investors across multiple continents and is pioneering a new era of ethical and faith-based investing.
About SEDCO Capital
SEDCO Capital is a global, Shariah-compliant, and ESG-led asset management and investment advisory firm. Our investment philosophy is underpinned by three Ps: principles, partnership, and performance. We provide clients with investment solutions through a dynamic asset allocation process across diversified asset classes that deliver strong risk-adjusted returns. By adopting a global view to investing while looking through the lens of our proprietary Prudent Ethical Investment (PEI) approach, an integration of Shariah-compliant and Responsible Investment principles, we provide our clients with unparalleled global access to investments across developed and emerging markets, including Saudi Arabia, in alignment with their investment objectives. In 2014 we proudly became the first Saudi company and the world’s first Shariah-compliant asset manager to become signatory to the UN Principles of Responsible Investment (UNPRI) and we continue to be recognized for our commitment to responsible investments. SEDCO Capital oversees over $13.5 billion in total assets under management (AUM) and is headquartered in Jeddah with offices in Riyadh and Luxembourg. SEDCO Capital is licensed by the Capital Market Authority (License No. 11157-37). Find out more at www.sedcocapital.com
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7, Sep 2026
Another Versatile Android Tablet Alternative: Huion Kamvas Pad 12 Unveiled
LOS ANGELES, Sept. 7, 2026 /PRNewswire/ — Today, Huion officially announced its new Android tablet, the Kamvas Pad 12, one year following the launch of its Kamvas Slate tablet series. As an industry-leading manufacturer and innovator, Huion has expanded its product lineup to adapt to today’s competitive market landscape.
Unlike Kamvas Slate series, Kamvas Pad 12 features the battery-free EMR pen PW600C, powered by the latest PenTech 4.0. The pen can magnetically attach to the tablet for superior portability and convenience. This tablet is also equipped with other eye-catching technologies and handy creative features. Let’s quickly walk through its standout highlights.
What Makes It Special?
With a 12.2-inch 2K (2400 x 1600) resolution and a 90Hz refresh rate, it delivers crystal-clear details and smooth line performance. Its 3:2 aspect ratio is perfect for document reading; combined with the split-screen functionality, it boosts productivity when drawing with reference images or jotting down notes mid-read.
The tablet also features Canvas Glass 3.0 technology, the signature glass treatment featured across Huion’s third-generation Kamvas creative displays. The soft-light screen reduces eye fatigue during long drawing sessions, while its textured surface delivers a realistic paper-like drawing feel. The AG+AF coating minimizes distracting reflections and prevents stubborn fingerprints and smudges from covering the screen.
Most importantly, Kamvas Pad 12 runs on the latest Android 16 OS, built to balance enhanced productivity, robust security and intuitive usability. It also comes preloaded with a full suite of creative apps, including HiPaint, Clip Studio Paint, ibisPaint X, MediBang Paint and Huion Note, enabling users to sketch and take notes anytime, anywhere.
For users focused on processing power, the tablet is driven by an 8-core MediaTek Genio 720 processor. It delivers fluid, crisp graphics with zero lag, even when running multiple apps simultaneously or creating multiple layers in the drawing application.
Is It the Perfect Tablet for You?
Kamvas Pad 12 is an all-round creative tablet built for drawing, gaming, studying and office work. It is a lightweight, portable pick for pen display and pen tablet enthusiasts who travel frequently and want to create anywhere, anytime.
Who Is Huion?
Huion is an established leading brand with 15 years of experience developing and manufacturing cost-effective, high-performance digital creative hardware. For our latest product news and updates, follow our Instagram account @huiontablet or learn more at huion.com.
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7, Sep 2026
Redefining the Safety Ceiling for Small EVs! AION UT Earns 2026 Euro NCAP Five-Star Rating
BRUSSELS, Sept. 7, 2026 /PRNewswire/ — In the automotive world, Euro NCAP (European New Car Assessment Programme) is widely recognized as one of the most rigorous and prestigious crash testing standards globally. Recently, Euro NCAP officially released its latest 2026 safety evaluation results: GAC’s all-electric hatchback, the AION UT, achieved a prestigious Five-Star Safety Rating powered by its extraordinary hard-core strength.
Compared to the assessment protocols of previous years, the new 2026 Euro NCAP standards have undergone a comprehensive overhaul with significantly heightened criteria.
As one of the first mass-produced Chinese brand models to pass the latest 2026 Euro NCAP test protocols and earn a five-star honor, the AION UT demonstrated comprehensive and balanced strength across all four key evaluation dimensions: safe driving, crash avoidance, crash protection, and post-crash safety. This impressive performance not only highlights the technical prowess of Chinese manufacturing to the world, but also redefines the safety ceiling for small pure-electric vehicles.
The key to AION UT’s exceptional performance in collision testing lies in its substantial engineering investment in structural architecture, which includes 71% High-Strength Steel Body, One-Piece Hot-stamped Dual-Ring Design, 180mm Extra-Wide Crash Box & High-Strength Bumper Beam, and Extreme Load-Bearing Capacity. In terms of occupant protection, the AION UT offers ultimate safety configurations that go far beyond its class, such as 2.1-Meter V-Side Air Curtains and Far-Side Airbag Protection. Beyond its physical steel architecture, the AION UT is further empowered by all-weather intelligent driving technology, featuring Full-Scenario Active Safety Algorithms, Precision Handling Chassis & Wide Tires, Ultra-Safe Magazine Battery Technology as well as CPD, DMS, and OMS Cabin Monitoring.
Earning the Euro NCAP Five-Star Safety Certification represents the ultimate endorsement from an authoritative international body for the AION UT’s uncompromised safety engineering. GAC remains dedicated to prioritizing user safety, safeguarding every journey with world-leading quality and all-around protection!
For further information about GAC, please visit: https://www.gacgroup.com/en or follow us on social media.
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7, Sep 2026
Jindal Stainless Partners with Japan’s JFE Steel to Strengthen Ferritic Stainless Steel Capabilities
Sep 07: Jindal Stainless, India’s stainless steel manufacturer, has entered into a Technical Assistance Agreement with JFE Steel Corporation, Japan, one of the world’s steelmakers, to strengthen its manufacturing capabilities for selected ferritic stainless steel grades. The collaboration will focus on enhancing product quality, manufacturing practices, and process efficiency through technical assistance.
The agreement comes at a time when global demand for stainless steel is accelerating, driven by increasing adoption across automotive, infrastructure, railways, process industries, and other value-added applications owing to its corrosion resistance, durability, and lower lifecycle costs. Industry estimates indicate that the global stainless steel market, particularly the ferritic stainless steel segment, is expected to witness steady growth over the coming decade, supported by rising demand for cost-efficient and sustainable material solutions. Ferritic stainless steel grades are widely used in automotive components, railway coaches, kitchen equipment, industrial machinery, construction, and several other value-added applications, making them an important growth segment for the future. Under the Technical Assistance Agreement, JFE Steel will support Jindal Stainless’ ongoing efforts to strengthen product quality and manufacturing practices for the grades specified in the Agreement.
Commenting on the cooperation, Managing Director, Jindal Stainless, Abhyuday Jindal, said,
“The future of manufacturing will be shaped by materials that deliver superior performance, sustainability, and value. Stainless steel, as a group of diversified high-performance alloys, is emerging as the material of choice across industries. Ferritic stainless steel, in particular, is becoming an increasingly important solution for industries looking to balance durability, corrosion resistance, and cost efficiency. At Jindal Stainless, we are committed to continuously enhancing our technological capabilities by cooperation with the world’s best. JFE Steel’s decades of expertise in ferritic stainless steel manufacturing will help us further strengthen product quality and operational excellence. More importantly, this association is about building capabilities that create greater value for our customers by strengthening our people, processes, and practices through this agreement.”
The Agreement will reinforce Jindal Stainless’ commitment to leveraging global expertise, fostering innovation, and building world-class manufacturing capabilities to support the future growth of stainless steel.
7, Sep 2026
From Grocery Bills to Fuel Costs, Inflation Pressure Builds in August
New Delhi, Sep 7: India’s retail inflation is expected to rise to 4.88 per cent in August, up from 4.44 per cent in July, as higher food prices and fuel costs put renewed pressure on household budgets, according to a Union Bank of India report.
The projected increase would mark the second consecutive monthly rise in consumer price inflation and the highest reading in the current CPI series, the report said.
Food inflation is expected to increase to 6.03 per cent in August from 5.24 per cent in July. While vegetable prices are expected to show some moderation, higher prices of sugar, cereals and edible oils could keep overall food inflation elevated.
Sugar is emerging as a key source of pressure. The report estimates that sugar inflation could rise sharply, with prices increasing around 15 per cent during August. This could push sugar inflation to 11.53 per cent on a month-on-month basis.
Cereal and pulses prices are also expected to remain firm due to tighter domestic supplies. Milk prices could see further pressure in the coming months following recent price increases in several states.
For households, higher food inflation means a larger share of monthly income could go towards essentials such as groceries and cooking needs. This can leave consumers with less money for discretionary spending on items such as clothing, entertainment, eating out and other non-essential goods.
The expected rise in inflation also matters for businesses. Higher input and operating costs can increase pressure on manufacturers, retailers and food companies. Some businesses may pass part of these costs on to consumers, while others may see their profit margins squeezed.
The inflation outlook will also remain important for monetary policy. A sustained rise in consumer prices could make it more difficult for the Reserve Bank of India to ease interest rates aggressively, particularly if food and fuel pressures continue.
The latest estimate comes as India’s economy continues to show strong growth, with GDP expanding 7.8 per cent in the April-June quarter. However, keeping inflation under control will remain important to ensure that strong economic growth is supported by healthy consumer demand.
Overall, the expected August inflation rise highlights the continuing impact of food and energy prices on the Indian economy. A moderation in food prices and improved supply conditions will be important for easing pressure on households in the months ahead.
7, Sep 2026
SPJIMR rises to #26 globally and ranks #2 in India in FT Masters in Management 2026 ranking
Institute ranks #1 in India for Careers Service, Alumni Network, Value for Money, and ESG and Net Zero Teaching
Key pointers:
- SPJIMR has climbed nine places to #26 globally and #2 in India in the Financial Times Masters in Management 2026 ranking, up from #35 globally and #3 in India in 2025
- SPJIMR ranks #2 globally for Careers Service and #6 globally for Alumni Network, reinforcing its strong performance in career support and alumni engagement
- The institute ranks #1 in India across Careers Service, Alumni Network, Value for Money, and ESG and Net Zero Teaching
MUMBAI, India, Sept. 7, 2026 /PRNewswire/ — Bharatiya Vidya Bhavan’s S.P. Jain Institute of Management & Research (SPJIMR) has risen nine places to #26 globally and #2 in India in the Financial Times Masters in Management (FT MiM) 2026 global ranking, up from #35 globally and #3 in India in 2025.
SPJIMR has now featured among the world’s top 50 business schools for the seventh consecutive year. In the 2026 ranking, SPJIMR is the second-highest ranked Indian business school, behind IIM Bangalore and ahead of IIM Ahmedabad. Five Indian business schools feature in the global top 50 this year, compared with four in 2025.
On the improvement in SPJIMR’s global and India standing, Varun Nagaraj, Dean, SPJIMR, stated: “This year’s ranking reflects sustained gains across the metrics that matter most to our participants: career outcomes, alumni engagement, and the value our programme delivers. We remain focused on strengthening every dimension of the participant experience, from placement support to the depth of learning we build into the programme.”
SPJIMR ranks #1 in India across four FT MiM categories
SPJIMR has retained its #1 position in India across four FT MiM ranking categories, while also improving its global position in each:
- Careers Service – #1 in India (Global Rank: #2, up from #3)
Assesses the effectiveness of the careers service in supporting student recruitment, as rated by alumni. - Alumni Network – #1 in India (Global Rank: #6, up from #11)
Evaluates how effectively the alumni network supports career opportunities, start-ups, idea exchange, recruitment, and event information, based on alumni feedback. - Value for Money – #1 in India (Global Rank: #50, up from #56)
Calculated using current alumni salaries, tuition fees, and associated programme costs. - ESG and Net Zero Teaching – #1 in India (Global Rank: #28, up from #63)
Measures the proportion of teaching focused on environmental, social, and governance (ESG) issues and climate solutions, as well as alumni evaluations of this content.
Strong performance across career and programme outcomes
The 2026 ranking also reflects SPJIMR’s performance across several dimensions of student and alumni experience, including career progression, career support, alumni engagement, programme value, and sustainability-focused learning.
The institute also recorded an overall satisfaction score of 9.6 out of 10, reflecting strong participant sentiment towards the programme experience.
Indian business schools gain greater representation globally
The FT MiM global ranking evaluates management programmes designed primarily for students with limited work experience. The ranking considers only business schools accredited by AACSB or EQUIS and assesses performance across criteria including alumni career progress, alumni networks, school diversity, international experience, research, ESG and net zero teaching, and careers service.
In 2026, 14 Indian business schools feature in the FT MiM global ranking, compared with 11 in 2025. The increase reflects the growing representation of Indian business schools in the international management education landscape.
For the full ranking and methodology, visit the Financial Times Masters in Management ranking.
For more news and updates from SPJIMR, visit the SPJIMR Newsroom.
About SPJIMR
Bharatiya Vidya Bhavan’s S.P. Jain Institute of Management & Research (SPJIMR) is one of India’s leading postgraduate management institutes. It is recognised in the Financial Times Masters in Management 2026 ranking as the #26 business school globally and #2 in India and in the Financial Times Global MBA 2026 ranking as #74 business school globally for its PGPM programme. SPJIMR is also consistently ranked among India’s top business schools by leading publications, including Business Today, Fortune India, India Today, and MBAUniverse. It has also been recognised by the Positive Impact Rating as one of the world’s top five business schools for societal impact. Known for its innovative and socially conscious approach to management education, research, and community engagement, SPJIMR seeks to influence managerial practice and enable value-based growth for students, alumni, organisations, and society. The institute holds the international Triple Crown of accreditations from EQUIS, AACSB, and AMBA, placing it among a select group of business schools worldwide to hold all three accreditations.
Visit SPJIMR.org for more information.
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7, Sep 2026
Mayfair Spring Valley Resort, Guwahati Wins Best Luxury Hotel Award at Global Tourism Excellence Awards 2026
New Delhi, Sep 07: Cementing its position in Northeast India’s luxury hospitality sector, Mayfair Spring Valley Resort, Guwahati, has been honoured with the title of “Best Luxury Hotel” at the Global Tourism Excellence Awards 2026. The recognition was conferred at the awards ceremony held on August 29 in Noida. Presented by Mrs. Riniki Bhuyan Sarma, CMD, Pride East Entertainments, the award marks a significant milestone for the resort as it continues to establish a distinctive identity for luxury hospitality in the region.
The recognition comes as Northeast India continues to gain attention among travellers seeking destinations that combine natural beauty, distinctive cultural experiences and high-quality hospitality. Mayfair Spring Valley Resort has positioned itself at the forefront of this evolution, bringing together luxury, thoughtful service and the character of the region to create experiences for travellers from across India and around the world.
Commenting on the achievement, Mr. Pardeep Siwach, General Manager, Mayfair Spring Valley Resort, Guwahati, said
“This recognition is a proud moment for the entire team at Mayfair Spring Valley Resort. We have always believed that luxury is about more than beautiful spaces; it is about creating thoughtful, personalised experiences that guests remember. This recognition belongs to our entire team, whose passion, commitment and attention to every detail make exceptional guest experiences possible every day. We are grateful to everyone who has been part of our journey and look forward to continuing to raise the bar for luxury hospitality in the region.
The award reflects Mayfair Spring Valley Resort’s larger vision of going beyond conventional luxury hospitality to showcase the extraordinary beauty, culture and warmth of Northeast India on the global tourism map. By creating a luxury destination rooted in its regional identity while maintaining contemporary standards of hospitality, the resort is contributing to the growing visibility of Guwahati and the wider Northeast as a premium travel destination.
7, Sep 2026
GST Council Meeting Shifted to October 7, Focus Likely on Simplifying GST System
New Delhi, Sep 7: The 57th meeting of the GST Council has been rescheduled from September 12 to October 7 as the earlier date coincides with the BRICS Summit in New Delhi.
The meeting will be preceded by discussions among senior GST officials on October 5 and 6. Union Finance Minister Nirmala Sitharaman will chair the meeting, which will bring together representatives from the Centre and state governments.
The upcoming meeting is expected to focus on making the GST system simpler and more business-friendly. Improving compliance procedures, resolving pending issues and providing greater clarity on GST rules are likely to remain important areas of discussion.
Another key objective will be to improve GST administration and reduce difficulties faced by businesses and taxpayers. The Council may also look at ways to streamline procedures related to tax payments, refunds and input tax credit.
The meeting will also provide an opportunity for the Centre and states to review the functioning of the GST framework and discuss measures that can improve revenue collection while keeping compliance manageable for businesses.
The GST Council last met in September 2025, when major changes were approved in the GST rate structure. The revised system introduced 5 per cent and 18 per cent as the main tax rates, while a 40 per cent rate was retained for selected luxury and demerit goods.
The October 7 meeting is expected to be closely watched by businesses, consumers and state governments. Any decision aimed at simplifying procedures and improving the GST framework could make compliance easier and provide greater certainty for businesses.
