New Delhi, Sep 5 (IANS) Industry leaders welcomed the recently announced GST reforms, which reduce the number of tax slabs, stating that it will make tax compliance easier while also directly benefiting consumers through lower prices.
New Delhi, Sep 5 (IANS) The fast-moving consumer goods (FMCG) sector stands at the cusp of a structural reset as the GST Council has rolled out GST 2.0, with the reform simplifying the existing four-tier structure into two slabs – 5 per cent and 18 per cent – with a 40 per cent rate reserved for sin and luxury goods, a report said on Friday.
Mumbai, Sep 5 (IANS) Budget airline SpiceJet on Friday slipped into the red in the April–June quarter (Q1) of FY26, reporting a consolidated net loss of Rs 234 crore compared to a net profit of Rs 158 crore in the same period previous financial year (Q1 FY25).
Ahmedabad, Sep 5 (IANS) Sardar Vallabhbhai Patel International (SVPI) Airport has set up a state-of-the-art Integrated Cargo Terminal (ICT) with over 20,000 square metres of operational area and enhanced capacity to handle cargo up to 200,000 metric tonnes (MT) annually, according to a company statement on Friday.
Mumbai, Sep 5 (IANS) India's foreign exchange reserves rose by $3.51 billion to $694.23 billion for the week ended August 29, data released by the RBI on Friday showed.
Gandhinagar, Sep 5 (IANS) Gujarat Chief Minister Bhupendra Patel on Friday welcomed a delegation led by Yutaka Sasaki, Vice Governor of Japan’s Iwate Prefecture, along with representatives of the Japan International Cooperation Agency (JICA).
New Delhi, Sep 5 (IANS) The Government on Friday blocked the X account of Austrian economist Gunther Fehlinger-Jahn after he shared a controversial post calling for the “dismantling” of India.
New Delhi, Sep 5 (IANS) The net revenue shortfall from GST rationalisation is estimated at 0.1 per cent of GDP for this fiscal year, to be cushioned by the higher RBI dividend transfer, a report said on Friday, adding that the GST rationalisation is a timely and positive step to support economic momentum, particularly amid persistent external headwinds.
New Delhi, Sep 5 (IANS) Finance Minister Nirmala Sitharaman said on Friday that the GST rate cut would spur growth in the economy which would offset the drag due to the adverse impact of the US tariff hike on Indian exports. She also said that India would continue to buy Russian oil because of economic considerations as crude was the costliest item in the country’s import bill.
New Delhi, Sep 5 (IANS) Over the past decade, India has emerged as one of the fastest-growing bioeconomies in the world, with the sector expanding to $165.7 billion in 2024 from just $10 billion in 2014. With an ambitious target of $300 billion by 2030, the bioeconomy is steadily becoming a cornerstone of India’s sustainable growth and innovation, driven by advancements in biotechnology, agricultural innovation, biomanufacturing, and healthcare.
