revenue loss News

India's GST Overhaul: A Rs 1.1 Trillion Revenue Shift That Promises Consumer Relief and Economic Stimulus

India's proposed GST overhaul could lead to a Rs 1.1 trillion revenue loss but promises to stimulate consumption and benefit consumers and small industries. The plan includes simpl...

Thailand Faces $25.8B Revenue Loss from US Tariffs: Industries at Risk

Thailand could lose $25.8 billion in revenue due to new US tariffs, affecting automotive, food, and chemical exports. The FTI calls for urgent government action to mitigate impacts...

States Hesitate on Insurance Rate Cuts: Middle Class Impact Uncertain

The GST Council's proposal to lower insurance rates faces resistance from several states, fearing revenue loss. The potential impact on the middle class remains uncertain.