FICCI West Asia Report: Call for Petroleum GST & ₹300Cr MSME Emergency Relief - Republic World

Industry body FICCI has called for a shift in India's fiscal policy to counter the economic fallout of the West Asia conflict. In an extensive report released on Thursday, the chamber urged the government to explore bringing petroleum products under the GST regime and providing emergency liquidity for small businesses. The report warned that "early signs of stress" are appearing in manufacturing a…