India's retail inflation rose to 3.48% in April, a one-year high, driven by higher food prices (4.20% CFPI) and broader household essential price pressures, with rural inflation outpacing urban areas.
Beijing is intensifying its enforcement against tax evasion, extending its reach into consumption taxes, which have been positioned as a critical source of stabilising local government finances that have been hit hard by the nation’s prolonged property crisis. Earlier this month, the State Taxation Administration (STA) released details of eight tax-violation cases involving sectors such as gold jewellery, alcoholic beverages and refined oil. The enforcement actions spanned multiple regions,...
