NEW DELHI: Commerce and industry minister Piyush Goyal on Friday said any potential losses from GST rate rationalisation were accounted for and higher consumption would offset such losses.“With such a big reduction in the tax rate, imagine how much the market will increase and due to that increase, the tax will also increase,” he said….
NEW DELHI: Food delivery, quick service restaurants, as well as quick commerce (QC) players are set for a fresh bite of growth, with the recent GST reforms, a rise in discretionary spending, and an upswing in consumer confidence, say industry experts.Over the past few quarters, food delivery had lost momentum due to a weak sentiment…
The central government is likely to propose legislation during Parliament’s winter session to implement a tax on tobacco and related products, potentially replacing the existing GST compensation cess levied on these items.The present compensation cess, applied alongside the 28% GST, is expected to remain for a minimum of three months, allowing the government to complete…
Representative Image (AI-generated) NEW DELHI: Even as GST revamp will spur consumption, for companies, it also means some immediate onground challenges which they will have to tackle amid the festive rush.Whether prices of products go up or decline under the rejigged tax slabs, restickering/retagging of prices will need to be done. For consumer goods which…
The Reserve Bank of India (RBI) on Friday announced that investors of Sovereign Gold Bonds (SGB) 2020-21 Series VI, issued on September 8, 2020, will be able to opt for premature redemption on September 6, 2025. The redemption price has been fixed at Rs 10,610 per unit.According to the RBI statement, the price has been…
For most Indians, the fear of outliving retirement savings looms larger than ever as life expectancy rises and medical costs climb. Picture this: your morning coffee in retirement, bills paid, lifestyle intact — and all of it supported by a steady Rs 1 lakh monthly income. Financial planners say this is possible, but the secret…
President Trump has identified three candidates as frontrunners to replace Jerome Powell as Federal Reserve chair: his advisor Kevin Hassett, former Fed governor Kevin Warsh, and sitting Fed governor Christopher Waller.At the White House, Trump told reporters that Scott Bessent was initially considered, but the Treasury secretary declined interest. “I had four,” Trump said. “Now…
The sweeping GST reforms announced this week will give a major push to India’s cooperative and farm sectors by reducing costs, boosting demand, and raising incomes, the Ministry of Cooperation said in a statement.The ministry noted that the reforms will particularly benefit rural enterprises, farmer producer organisations (FPOs), and women-led self-help groups engaged in food…
The Investor Education and Protection Fund Authority (IEPFA) has received a set of recommendations from a high-level committee that proposes a simplified process for low-value investor claims, the Ministry of Corporate Affairs (MCA) said on Saturday.According to the ministry, the changes are expected to reduce timelines, enhance transparency, and deliver hassle-free services to investors, PTI…
Mahindra & Mahindra on Saturday announced a reduction of up to Rs 1.56 lakh across its passenger vehicle range, passing on the benefit of the GST rate cut to customers.The move comes after the revamped Goods and Services Tax (GST) structure was cleared at the 56th GST Council meeting on September 3. The revised prices…