India’s CPI inflation rises to 5.54% in September 2026, up from 4.83% in August, according to government data. Food inflation climbs to 7.74%, from 5.97% in August.

GST Council decides: Arrest, Prosecution, and General penalty - •The power of arrest is being removed from GST. •The threshold for prosecution goes up from Rs 1 crore to Rs 5 crore. The minimum punishment stands removed and the punishment- whether fine or imprisonment or both, is left to judicial discretion in every case. •The general penalty, which applies where no specific penalty is provided, comes down from Rs 25,000 to Rs 10,000. •A taxpayer who files late, makes a mistake or falls behind on payment faces recovery, interest and a proportionate penalty, and nothing beyond that.