GST

Photo: News 18

Finance Ministry Says GST is "Consumer and Taxpayer-friendly"

Remembering the contribution of late Finance Minister Arun Jaitley, the ministry on August 24 hailed the implementation of the Goods and Services Tax (GST). The ministry tweeted that GST is both "consumer and taxpayer-friendly" as it has reduced the tax rate and doubled taxpayer base to 1.24 crore. The ministry said that before GST, several indirect taxes have cascading effect, resulting in high tax rate of up to 31 percent.

Tue, 25 Aug 2020 - 04:46 AM / by Tania Mukhopadhyay

You May Like

Cisco

Cisco To Setup Manufacturing Unit In India For 5G Rollout Under Atmanirbhar Bharat

When the country is rolling out 5G solutions, the firm which provides IP core, automation, security and access among other services, seeks to make its mark.  Notably, global company Cisco, the second-largest research and development facility in… read-more

TAGS: Cisco, 5G Roll Out, Manufacturing Unit in India, Atmanirbhar India, Technology

Information & Broadcasting Ministry

Central Govt Refrains Digital Media, OTT Platforms From Advertising Betting Sites

In breaking news, the Central Government banned betting sites on various news channels, OTT platforms and private satellite TV channels. The announcement came on the evening of October 3. The decision to refrain betting site advertisements on OTT… read-more

TAGS: Betting site, Advertising, Government of India, Information & broadcasting, Advisory

Indian Exports

India’s Merchandise Export Sinks By 3.52% In September; Now At $32.62 Billion

India’s monthly exports in September stood at USD 32.62 billion, which is 3.52% lesser compared to USD 33.81 billion in September 2021, according to government data. However, India has seen a rise in the merchandise exports during April to… read-more

TAGS: Export, Merchandise Exports, India’s Export, World Trade, GDP

Elon Musk Twitter Deal

Elon Musk Likely To Proceed With $44 Million Twitter Deal

Reports says Twitter's new owner, Tesla CEO Elon Musk is to proceed with his $44 billion deal to buy the company after months of legal battles. In regard to this, trading in shares of Twitter was halted, prior to which shares jumped nearly 13% to… read-more

TAGS: Twitter, Elon Musk, Tesla CEO, twitter deal, Legal Battles

State Bank Of India

SEBI Hikes Interest Rates, EMIs, Loans To Be Expensive

The country's largest public sector lender, the State Bank of India (SEBI) has increased the repo & reverse repo rate, making loans expensive for customers. The loan rate with a hike of 50 basis point, after the announcement of the RBI's new … read-more

TAGS: SEBI, business, Expensive Loan, RBI, interest rate

Rupee-US Dollar

Rupee Falls By 14 Paise; All Time Low At 82.33 Against US Dollar

The rupee depreciated 16 paise to an all-time low of 82.33 against the US dollar in early trade on October 7. The constant fall in the Indian rupee, against US Dollar, and the risk-averse sentiment among investors. Moreover, a negative trend in… read-more

TAGS: trading, US Dollar, Indian Rupee, Crude Oil, Depreciation