Ready-to-eat popcorn is set to attract varying GST rates based on its preparation and packaging, it was decided in the 55th GST Council meeting on Saturday. For popcorn (mixed with salt and spices), it retains the essential character of 'namkeens'. It means a GST of 5 per cent applies if it is supplied loose or … Read more
Representing Maharashtra in the pre-Union Budget meeting held in Jaisalmer, Minister Aditi Tatkare on Saturday assured that Maharashtra would play a pivotal role in India’s journey towards becoming a $5 trillion economy. She emphasised the need for special financial assistance to the state in the upcoming Union Budget. Minister Tatkare presented Maharashtra’s vision, highlighting its … Read more
The Goods and Services Tax (GST) Council on Saturday deferred the decision on rate cuts on life and health insurance premiums, as some more technicalities need to be ironed out. The GST exemption/reduction on life and health insurance premiums is a long-pending demand of the industry, as the move would alleviate the tax burden on … Read more
Union Minister of Commerce and Industry Piyush Goyal on Friday called for a 100 per cent integration of industry stakeholders onto the government digital platforms to improve the logistics sector. During his address at the ULIP Logixtics Hackathon 2.0 Awards Ceremony here, the minister urged the participants to think about sustainability and integrate green practices … Read more
Indian benchmark indices declined 5 per cent this week amid global selloff, mainly triggered by the US Federal Reserve's caution approach for rate cuts next year, which resulted in relentless selling by the foreign institutional investors (FIIs). With this, Sensex lost over 1,000 points in three out of five trading sessions this week, and nearly … Read more
There has been a massive 233 per cent growth (year-on-year) in overall net inflows in systematic investment plans (SIPs) in India this year, according to a new report, as the Indian economy remains resilient amid rough geo-political conditions. Overall net inflows stood at Rs 9.14 lakh crore from January to November this year, as against … Read more
From just 50 biotech startups in 2014 in India, the ecosystem has grown to nearly 9,000 in the last decade, said Union Minister Jitendra Singh. At an event held in the national capital, Singh attributed the increase to the remarkable growth in bio-economy in the last 10 years — from $10 billion in 2014 … Read more
India's non-banking finance company Shriram Finance has consolidated its green finance business under Shriram Green Finance, it said on Friday, and targeted assets under management (AUM) of 50 billion rupees ($588 million) over the next three to four years under the portfolio. The green finance vertical will be built through financing electric vehicles (EV), including … Read more
India's foreign exchange reserves fell by nearly $2 billion to an almost six-month low of $652.87 billion as of Dec. 13, data from the Reserve Bank of India (RBI) showed on Friday. The reserves had declined by $3.2 billion in the week of Dec. 6, and have declined by $52 billion from the record high … Read more
High prices are the cause for demand slowdown in India, and aligning inflation to the central bank's 4% target is key to ensuring sustained economic growth, members of the rate-setting panel said in the minutes of the December meeting. "The policy priority at this critical juncture has to be on restoring the inflation growth balance," … Read more
