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Nirmala Sitharaman presented GST reforms to GoMs. The plan includes slashing tax rates and easing compliance. Tax rates will be at 5 and 18 percent. A 40 percent rate is proposed on sin goods. GoMs will discuss compensation cess and insurance taxation. The GST Council will review the proposal next month. Narendra Modi wants the reforms by Diwali. Finance Minister Nirmala Sitharaman on Wednesday presented to GoMs from states her government's plans for sweeping reforms in the GST regime that invo ...Read More >
New Delhi: Finance Minister Nirmala Sitharaman on Wednesday said the next-generation GST reforms is a step towards making India Aatmanirbhar and the central government looks at building consensus with states in the coming weeks. The Centre's proposal on GST reforms is based on three pillars-- structural reforms, rate rationalisation and ease of living, she said. During a meeting with GoMs on rate rationalisation, insurance taxation and compensation cess, Sitharaman "emphasised that the proposal ...Read More >
MUMBAI: The proposed GST reforms, announced by the prime minister to be rolled out by Diwali, halving the current four-rate tax structure into two-tier regime at lower rates, though will lead to an estimated average revenue loss of Rs 85,000 crore per annum, will give a big boost to the for-long sagging consumption story to the tune of Rs 1.98 trillion, a report has said. The current GST structure consists of four main rate slabs: 5, 12, 18 and 28%. These rates apply to most goods and services. ...Read More >
New Delhi, Aug 18 (PTI) Amid concerns about the revenue impact of the Centre's pro-middle-class 'Next Gen GST' with a proposed two-slab structure, government sources clarified that the Centre is an equal partner in revenue sharing with the states and that its proposal anticipates a revenue boost over time, driven by increased consumption. Under the current Goods and Services Tax (GST) framework, revenues are shared equally between the Centre and the states. Additionally, 41 per cent of the Cent ...Read More >
Bengaluru (Karnataka) [India], August 14: The Federation of Indian Chambers of Commerce and Industry (FICCI) and AMPIN Energy Transition, in collaboration with Deloitte & Sumitomo Corporation, successfully concluded its pivotal seminar titled Renewable Energy Transition for Commercial and Industrial Consumers in the Southern Region at Hotel Taj MG Road. The event brought together a diverse group of industry leaders, policymakers, and C&I consumers who discussed the roadmap to achieve 100 RE for ...Read More >
New Delhi [India], August 14: Having worked closely with micro, small, and medium businesses (MSMEs) for over two decades, I have seen how transformative the right accounting tools can be in helping businesses streamline billing, avoid losses due to incorrect pricing and other manual errors, simplify tax compliance, ensure full input tax credit claims, and optimize bookkeeping processes. Also Read | 'Bigg Boss 19': Transgender Athlete Anaya Bangar Approached for Salman Khan's Upcoming Reality S ...Read More >
Kolkata, Aug 14 (PTI) Chief Minister Mamata Banerjee on Thursday said India would not have got Independence if Bengal was not there, as personalities like Rabindranath Tagore and Subhas Chandra Bose, who contributed significantly to shaping the nation's destiny, were born here. Speaking at a function marking the 12th anniversary of the 'Kanyashree' scheme, Banerjee said Bengal is the beacon of hope which stands for unity amid diversity. "If Bengal was not there, India would not have got Indepe ...Read More >
VMPL New Delhi [India], August 14: Having worked closely with micro, small, and medium businesses (MSMEs) for over two decades, I have seen how transformative the right accounting tools can be in helping businesses streamline billing, avoid losses due to incorrect pricing and other manual errors, simplify tax compliance, ensure full input tax credit claims, and optimize bookkeeping processes. When implemented effectively, modern accounting solutions empower business owners to shift their focus ...Read More >
Shilpa Shetty Kundra, Raj Kundra, and an unnamed person are facing legal trouble as the Economic Offences Wing (EOW) has booked them in connection with an alleged Rs 60.48 crore fraud. The case involves their defunct company, Best Deal TV Pvt Ltd. This action follows a complaint filed by businessman Deepak Kothari regarding a loan-cum-investment deal that reportedly turned sour. Actor Shilpa Shetty Kundra, her husband and businessman Raj Kundra, along with an unidentified individual, have been ...Read More >
Mumbai, Aug 14 (PTI) Mumbai Police have registered a case against actor Shilpa Shetty and her husband Raj Kundra for allegedly duping a businessman of Rs 60.4 crore in a loan-cum-investment deal in their now defunct company Best Deal TV Private Limited, officials said on Thursday. However, a lawyer representing Shetty and businessman Kundra denied the allegations, saying this was a "baseless and malicious case" aimed at maligning his clients, and appropriate action was being initiated against t ...Read More >
Lok Sabha passes two major legislation in a consequentail sitting, the Income-Tax Bill, 2025 and the Taxation Laws (Amendment) Bill, 2025 amid protest by opposition members over SIR. In a brief but consequential sitting on Monday, the Lok Sabha passed two major financial legislations the Income-Tax Bill, 2025 and the Taxation Laws (Amendment) Bill, 2025 amid loud protests by opposition members over the Special Intensive Revision (SIR) of electoral rolls. The Bills were moved by Union Finance M ...Read More >
What began as a simple idea to make digital payments easier for Indian businesses has now become a story of global recognition. Razorpay, the Indian fintech unicorn, has been featured in the 2025 list of the World's Top Fintech Companies by CNBC and Statista, a feat that places it in the league of global fintech innovators. It's a prestigious nod, considering the final list was curated after evaluating thousands of fintech companies across the world on over 40 performance indicators. These incl ...Read More >
New Delhi [India], August 14 (ANI): The credit-to-deposit ratio in Indian banks has stayed below 80 per cent as credit offtake in the country continues to lag, according to a report by CareEdge Ratings. The report highlighted that while both credit offtake and deposit growth have increased sequentially, they remain significantly lower than the levels seen last year. Deposits continued to outpace credit offtake in the current fortnight, leading to a narrowing of the credit-deposit gap. It state ...Read More >
PATNA: Congress leader Rahul Gandhi is all set to embark on 'Vote Adhikar Yatra' from Bihar's Rohtas district on August 17 to register a protest against how the ongoing special intensive revision (SIR) of the electoral rolls was being conducted in the state. This comes at a time when the Opposition is ratcheting up its protest against the SIR and casting aspersions on the integrity of elections. AICC general secretary (organisation) and MP KC Venugopal held a meeting with the INDIA bloc leaders ...Read More >
Mumbai: Actor Shilpa Shetty Kundra, her businessman husband Raj Kundra and another unidentified person have been booked by the Economic Offences Wing (EOW) of the Mumbai Police for allegedly cheating a city-based businessman of Rs 60.48 crore in a loan-cum-investment arrangement linked to their now-defunct company, Best Deal TV Pvt Ltd. The FIR, initially lodged at Juhu police station under various IPC sections for cheating and forgery, was reportedly transferred to the EOW as the sum involved ...Read More >
Mumbai, Aug 14 (SocialNews.XYZ) Bollywood actor Shilpa Shetty Kundra, her businessman husband Raj Kundra, and an unidentified individual have been booked by the Economic Offences Wing (EOW) for allegedly defrauding a Mumbai-based businessman of Rs 60.4 crore in a loan-cum-investment deal linked to their now-defunct company, Best Deal TV Pvt Ltd, police said on Thursday. According to Mumbai Police, businessman Deepak Kothari has accused the couple of jointly cheating him of more than Rs 60 crore ...Read More >
Gandhinagar (Gujarat) [India], August 4: Odoo Community Days 2025 is set to redefine how India runs its businesses. With 240+ exhibitors, over 80,000 registrations, and more than 20,000 attendees expected, this is where business meets real systems. This is not a trade fair or a conference. It is a working experience for founders, retailers, developers, students, consultants, and anyone who runs or supports a business. From manufacturers and retailers to healthcare and education, hundreds of In ...Read More >
Hyderabad (Telangana) [India], August 4: Rx Propellant, an Actis platform, is proud to announce that 1GV, its flagship life sciences campus located in Genome Valley, Hyderabad, has been awarded the prestigious EDGE Advanced Certification by the International Finance Corporation (IFC), a member of the World Bank Group. This recognition highlights 1GV's exceptional performance in energy efficiency, water conservation, and use of low-carbon materials--cementing its position as one of the most susta ...Read More >
New Delhi: Delhi Chief Minister Rekha Gupta on Sunday said the leaders like US President Donald Trump will get a befitting reply when India becomes the world's third-largest economy. The chief minister asserted the nation is no longer dependent on the United States for exports and global recognition. "The whole world is standing with open arms to do business with India. People like Trump will get a befitting reply when we develop and rise," said Gupta addressing the silver jubilee celebration o ...Read More >
Mumbai, Aug 4 (PTI) The rupee depreciated 11 paise to 87.29 against the US dollar in early trade on Monday, weighed down by sustained foreign fund outflows and concerns over trade tariffs. Forex traders said the weakness in the dollar index and easing crude oil prices supported the rupee at lower levels. At the interbank foreign exchange market, the rupee opened at 87.21 and fell to an early low of 87.29 against the American currency, registering a decline of 11 paise over its previous close. ...Read More >
Vijayawada: Andhra Pradesh's net GST collections have crossed Rs 2,930 crore for July with gross collections of Rs 3,803 crore -- the highest ever in July since the GST system was rolled out in 2017. In the last four months from April, AP recorded the highest-ever gross and net GST collections compared with the same months the previous financial years. Chief commissioner of state tax, A Babu, said in a statement here on Friday that the net GST collections increased by 12.2 per cent in July thi ...Read More >
Back in April, Trump had announced tariffs of up to 27% on Indian goods, which was later paused. Since then, both sides have been racing to negotiate an agreement, with officials sometimes sounding positive and at other times, measured. "We continue to speak with our Indian counterparts. We've always had very constructive discussions with them," US Trade Representative Jamieson Greer said earlier this week. He also acknowledged that although he had earlier said a deal with India might be "imm ...Read More >
Chandigarh: Punjab finance minister Harpal Singh Cheema on Friday claimed that the state had achieved record tax revenue growth, with the goods and services tax (GST) collection registering a net growth of 32.08% in July 2025 compared to the corresponding period last year."This robust performance is part of the state's consistent trend of setting record-breaking growth in tax revenue year-on-year and month-on-month for the last three and a half years," said Cheema.The minister elaborated that th ...Read More >
Gross Goods and Services Tax (GST) collections rose 7.5 per cent year-on-year to Rs 1.96 lakh crore in July (for sales in June), data released by the government on Friday showed. Even though the pace of growth in gross GST collections picked up to 7.5 per cent in July from 6.2 per cent, this is the second consecutive month wherein the growth rate has been in single digits and much lower after posting double-digit growth in the first two months of the ongoing financial year. ARTICLE CONTINUES BE ...Read More >
Chandigarh, Aug 1 (UNI) Punjab Finance, Planning, Excise and Taxation Minister Harpal Singh Cheema said today that the state has once again broken records in tax revenue growth, with Goods and Services Tax (GST) collections registering a net increase of 32.08 per cent in July 2025 compared to the same period last year. He stated that this robust performance is part of a consistent trend, with the state recording year-on-year and month-on-month growth in tax revenue for the past three and a half ...Read More >
Calling for a ground-level change needed to make India move beyond the assembly line to become a true manufacturing power, Leader of Opposition (LoP) in Lok Sabha Rahul Gandhi on Saturday stated that India in the name of "Make in India" is merely assembling products and not truly manufacturing them. Gandhi, in a post on X, stated that 80 per cent of the components of most TVs made in India come from China. He further pointed out that a lack of policy and support, along with heavy taxes and the ...Read More >
Lucknow, Jul 17 (PTI) To curb illegal mining and transportation, the Uttar Pradesh government is deploying advanced technologies under the Integrated Mining Surveillance System (IMSS), a release said on Thursday. Mining activities are already being monitored through drones, geo-fencing, RFID tags, and AI-powered check gates. Now, the state is set to introduce 'Weigh-In-Motion' (WIM) technology to accurately track vehicle overloading. Also Read | 'Arvind Kejriwal Used Government Funds to Buy Mo ...Read More >
New Delhi: The Income Tax Bill 2025, set to be moved in the monsoon session of Parliament to simplify the direct tax law, will set the stage for another round of reforms which will be more substantive in nature in subsequent years, said two people informed about the discussions in the government The finance ministry is of the view that once the over-six-decade-old Income Tax Act, 1961 is simplified and made more readable, targeted reforms can be achieved in taxation of personal and corporate in ...Read More >
New Delhi [India], July 17 (ANI): India's aviation sector holds strong untapped potential, as the country accounts for only about 4 per cent of global air traffic despite having nearly 18 per cent of the world's population, according to a recent report by Jefferies. The report highlighted that India is already the third-largest aviation market in the world by passenger volume, behind the United States and China. Also Read | 'Saiyaara': Bollywood Superstar Salman Khan Shares Joy Over Industry's ...Read More >
PRNewswire Chandigarh [India], July 15: Chandigarh University, India leading private university, in collaboration with job platform Apna and investment firm Venture Catalysts (VCats) have launched Campus Tank, India first university-led Startup launch-pad for young innovators below the age of 30 to pitch their ideas and get funding of $1 Million to launch their startups along with expert venture guidance, strategic ecosystem alliances and immersive startup incubation. APNA which is India larges ...Read More >
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