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NewsVoirBengaluru (Karnataka) [India], October 24: The Goods and Services Tax (GST) has been a game-changer in India's taxation system since its rollout in 2017. After almost two decades of deliberation and planning, the country adopted a unified tax structure aimed at simplifying the complex web of state and central taxes. But the journey of GST has been anything but smooth. With its ups and downs over the past eight years, the Indian government is now implementing Next-Gen GST Reforms in 2025. ...Read More >
New Delhi [India], October 15 (ANI): The much-anticipated festive season may not deliver the usual consumption boost this year, with Ambit Capital warning that weak labour markets, slowing credit, and mounting tariffs could weigh on consumer sentiment despite recent tax cuts.In its latest economic insights report, Ambit Capital said that while GST and income tax reductions are expected to cost the exchequer nearly Rs 2 lakh crore, the impact on demand is likely to be modest. It says tax cuts may ...Read More >
New Delhi: Consumer Affairs Secretary Nidhi Khare on Monday said the government's National Consumer Helpline (NCH) has received close to 3,000 complaints related to GST since the implementation of reduced taxes. "Everyday, we are receiving complaints. So far, we have received close to 3,000 consumer complaints. We are sending them to the CBIC (Central Board of Indirect Taxes and Customs) for further action," Khare told reporters on the sidelines of an event. The Consumer Affairs Ministry is cl ...Read More >
NEW DELHI: The GST Council is likely to address the inverted duty structure on notebooks and textbooks in its upcoming meeting, as the issue has been diminishing the benefits of recent tax cuts. Notebook and textbook prices may remain high, despite them being exempted from Goods and Services Tax (GST), because 18 per cent GST is charged on the paper used to produce them, which manufacturers cannot claim as an input tax credit. This anomaly raises cost and pushes up final prices, sources familia ...Read More >
New Delhi: The Centre is closely monitoring whether companies are passing on the benefits of the recent Goods and Services Tax (GST) rate cuts to consumers, and enforcement measures will only be decided after field reports are analysed by the end of September. "We are awaiting inputs from field formations by the end of this month. We cannot have knee-jerk reactions to fresh reforms; they need time to settle," a government source said. Over 50 products from various categories are being examined ...Read More >
SRINAGAR, July 11: Director General of Police (DGP), J&K, Nalin Prabhat today chaired a high-level security review meeting in South Kashmir to assess the arrangements for the ongoing Shri Amarnathji Yatra. The meeting was attended by DIG South Kashmir Range Javed Mattoo, SSPs of South Kashmir districts, and senior officers from the Indian Army, CRPF and BSF. Addressing the meeting, the DGP lauded the dedication of all security forces in ensuring the safe conduct of the Yatra. He stressed the ...Read More >
NEW DELHI: The GST Council, which will meet shortly, is expected to comprehensively review the eight-year-old regime focused on reducing tax on several consumer-focused items in the 12% bracket as well as lowering the burden on items such as air conditioners, which are in the top bracket.Besides, with the compensation cess - money released to states to offset any revenue loss because of switch to GST - due to end in March, a plan on imposing a cess on some of the sin goods, such as tobacco, is a ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin has officially broken through its previous all-time high of $112,000, surging to $118,000 just hours ago and entering uncharted territory for the first time since late May. The breakout confirms bullish momentum after weeks of consolidation and failed attempts, with price action now showing clear strength. With the psychological and technical barrier of $112K cleared, many ...Read More >
Srinagar, July 6: Lieutenant Governor Manoj Sinha today attended the 125th birth anniversary celebration of Dr Syama Prasad Mookerjee, at Tagore Hall, here. Paying rich tribute to Mookerjee on his birth anniversary, Sinha recalled his immense contributions as one of the key architects of modern India. "Dr Mookerjee was a visionary statesman, educationist and fearless Parliamentarian whose ideals continue to shape the destiny of India. His profound knowledge, and resolute commitment to social c ...Read More >
New Delhi: The political fallout between US President Donald Trump and billionaire Elon Musk escalated sharply on Sunday, with Trump slamming Musk's newly announced "America Party" as a recipe for "total disruption and chaos." In a blistering post on his Truth Social account, Trump said Musk had "gone off the rails," accusing the Tesla and SpaceX chief of pursuing a "third political party" that would never succeed in America's entrenched two-party system. The comments come a day after Musk for ...Read More >
New Delhi: President Donald Trump signed into law a sweeping tax and spending bill on Friday during a high-profile Independence Day event at the White House, marking a major legislative victory for his administration and a defining moment of his second term. The ceremony, held on the South Lawn and infused with the pageantry of military flyovers and cheering supporters, featured a fiery speech by Trump in which he touted the legislation as a historic achievement. The event took on the tone of a ...Read More >
Lucknow: Three day Mango Festival 2025 kicked off at Awadh Shilp Gram in Lucknow, featuring more than 800 mango varieties from across India. The event celebrates mango diversity, horticultural innovation, and the growing role of Uttar Pradesh in India's fruit export ecosystem. Organized with participation from farmers, exporters, scientists, and food processing units, the festival offers a platform to promote mango-based trade and technology. Mangoes like Dussehri from Lucknow, Langda from Vara ...Read More >
New Delhi: U.S. President Donald Trump calls it his "Big Beautiful Bill". Behind the grand name lies a controversial piece of legislation. It mixes tax cuts, deep spending shifts, new defense boosts and changes to healthcare and social aid. The Senate passed it after a marathon session. Now, it heads to the House, where the debate could get even more intense. Here's a breakdown of what the bill actually does and why it is causing so much uproar. At the centre of the bill lies Trump's push to e ...Read More >
Kolkata: Luxmi Group, owner of the iconic Makaibari Tea Estate, has acquired a majority stake in UK-based Brew Tea Co. Brew Tea deals exclusively with orthodox tea and has both an online and offline presence in the UK.Luxmi Group acquired an 80% stake in the company, while the remaining 20% remains with the existing promoters. After Tetley and Typhoo, this acquisition marks another British tea company being acquired by an Indian corporate, though it may not be of the same magnitude.Brew Tea Co w ...Read More >
New Delhi: After a dramatic all-night session and a nail-biting 50-50 Senate split, President Donald Trump's signature "One Big Beautiful Bill Act", a sweeping package of tax breaks and spending cuts, has cleared the Senate thanks to Vice President JD Vance's tie-breaking vote. The bill, which now heads back to the House, represents the biggest overhaul of tax and social spending policy in years. Here's a detailed look at what will change if the legislation becomes law. The bill makes Trump's ...Read More >
New Delhi, July 1: US President Donald Trump has issued a deportation warning for Tesla and Space CEO Elon Musk who also served as his former advisor, saying the tech billionaire may need to "close up shop" and move back to South Africa in absence of electric vehicle (EV) subsidies. Trump's warning on his Truth Social platform late on Tuesday (US time) came amid the feud between him and Musk over the 'One Big Beautiful Bill'. "Elon Musk knew, long before he so strongly Endorsed me for President ...Read More >
Mumbai (Maharashtra) [India], July 1 (ANI): Indian stock markets opened on a positive note on Tuesday, continuing their upward trend. Both benchmark indices posted early gains, although investor sentiment remains cautious as markets await clarity on major global developments, particularly the Trump administration's proposed tax cuts bill in the US. Also Read | WWE RAW Results and Highlights Today, June 30: The Judgment Day Win World Tag Team Belts, Seth Rollins Gets Attacked By CM Punk and LA ...Read More >
The Group of Ministers (GoM) has proposed significant GST rate changes across 148 items, including tobacco, aerated beverages, health insurance, and garments. Ahead of the 55th GST Council meeting set to take place in Jaisalmer on December 21, the Group of Ministers (GoM) has proposed significant GST rate changes across 148 items, including tobacco, aerated beverages, health insurance, and garments. The proposed hike in GST for demerit or sin goods such as aerated beverages, cigarettes, and to ...Read More >
The United States 10-year government bond yield reached a low of 3.6% in September but has rapidly creeped up to 4.2%, erasing all the rate cut impact. The primary cause is the out-of-control public spending and the lack of confidence among bond investors in the government's ability to manage its public finances. Therefore, it is logical that investors fear an inflation bounce. The United States' government is obsessed with doping GDP with government spending and bloating job figures with publi ...Read More >
SYDNEY (Reuters) - The dollar was looking to extend its bull run on Monday as lofty Treasury yields and a more restrained outlook for U.S. rate cuts burnished its attractiveness, though the risk of intervention had caused a pullback against the yen. Yen bears were tense in case Bank of Japan Governor Kazuo Ueda used a speech later Monday to flag a possible rate hike in December, in part due to the weakness of the currency. Ueda will deliver a speech at 0100 GMT, followed by a media confere ...Read More >
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