New Delhi, Sep 4 (IANS) The government's decision to revamp the Goods and Services Tax (GST) structure with three slabs of 5 per cent, 18 per cent and 40 per cent will turn out to be a big benefit for automobile industry and customers as the prices across the segment would go down up to 8.5 per cent, a report said on Thursday.
New Delhi, Sep 4 (IANS) The sweeping changes in Goods and Services Tax (GST) rates announced by the government may have only a minor impact on public finances, with the fiscal burden on the Centre expected to be just Rs 18,000 crore, according to a report by global brokerage Bernstein on Thursday.
New Delhi, Sep 4 (IANS) The Goods and Services Tax (GST) rate cuts in the healthcare sector are a bold step and will go a long way in advancing the vision of a Swasth Bharat underpinning a Samriddh Bharat, said industry experts on Thursday, while hailing the move.
New Delhi, Sep 4 (IANS) The GST tax rate cuts can further lower inflation if companies pass on all benefits to the consumers, allowing the Reserve Bank of India (RBI) to cut repo rate once again by 25 bp in the fourth quarter this year, a report said on Thursday.
New Delhi, Sep 4 (IANS) Stressing that partnership between India and Singapore is rooted in shared values, mutual respect and deep reservoir of trust, Singapore Prime Minister Lawrence Wong on Thursday said that the partnership between two nations is more important in a world marked by great uncertainty and turbulence.
New Delhi, Sep 4 (IANS) Backed by the government's Design Linked Incentive (DLI) Scheme, domestic chip design and IPR are accelerating across critical sectors, from surveillance and energy metering to networking and motor control, the Ministry of Electronics and IT said on Thursday.
Mumbai, Sep 4 (IANS) The Hiranandani Group co-founder and Managing Director, Dr Niranjan Hiranandani, on Thursday hailed the latest overhaul of the Goods and Services Tax (GST) 2.0 as "revolutionary", calling it a "bold and transformative step" taken by the PM Narendra Modi government.
New Delhi, Sep 4 (IANS) Union Minister of Consumer Affairs, Food and Public Distribution Pralhad Joshi on Thursday launched the retail sale of onions at Rs 24 per kg in Delhi, Mumbai and Ahmedabad through outlets and mobile vans of NCCF, NAFED and Kendriya Bhandar and also through distribution partners of NAFED and NCCF as part of the government’s policy to control prices of essential goods.
New Delhi, Sep 4 (IANS) The fisheries sector has received a major boost under the latest GST reforms with a significant tax rate rationalisation which will help in the reduction of operational costs, enhance competitiveness in domestic and export markets, and directly benefit millions of fish farmers and other stakeholders dependent on fishing and aquaculture for their livelihoods in the country, an official statement said on Thursday.
New Delhi, Sep 4 (IANS) Prime Minister Narendra Modi on Thursday called technology and innovation "strong pillars" of the partnership between India and Singapore as he announced that both nations have decided to enhance cooperation in AI, quantum, and other digital technologies.
