"The next 25 years will not just be about scale, but about...
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RBI in talks with global regulators, banks to review Mythos risks, sources say
The Reserve Bank of India's preliminary assessment - just like...
SBI Life net profit falls marginally to Rs 804.64 crore in Q426
Amit Jhingran, Managing Director and Chief Executive Officer, said...
AI, deepfakes real challenges before election commission: CEC Gyanesh Kumar
"Artificial Intelligence (AI) and deepfakes are indeed real challenges for us. Just yesterday, an X handle had shared an AI-generated video that was far from truth." Gyanesh Kumar,Chief Election Commissioner New Delhi: Chief Election Commissioner Gyanesh Kumar on...
Bill to decriminalise certain minor offences to be introduced in Lok Sabha on Monday
Over 350 provisions are proposed to be amended through this bill for decriminalising and rationalising offences to further enhance trust-based governance for ease of living and doing business New Delhi: The Jan Vishwas (Amendment) Bill 2025 to decriminalise certain...
Proposed GST rate tweaks on automobiles to end classification disputes
Presently, the total tax incidence on cars, depending on engine capacity and length, ranges from 29 per cent for small petrol cars to 50 per cent for SUVs. Sources said, as per the Centre’s proposal for moving the GST system to a two-tier rate structure of 5 and 18...
‘Next Gen GST’ precursor to eventual single tax slab GST: Sources
“What we have suggested is a ‘Next Gen GST’ keeping the needs of the middle class, poor, farmers, and MSMEs in mind. Also, it has been ensured that tax on daily use items are low,” the official told PTI New Delhi: Describing the proposed GST tax reforms as ‘Next Gen...
GST revamp to see rates of 5%, 18%; 40% tax on 7 items
While essential food items, medicines and education will continue to be taxed at zero rate in the proposed revamped GST regime, 99 per cent of items in the current 12 per cent slab will move to the 5 per cent bracket. Services will continue to be charged at 18 per...
FinMin proposes 2-slab GST rate structure, special rates on select goods
Nirmala Sitharaman, Union Finance minister With regard to reduction in slabs, the Centre has proposed moving towards simple tax with two slabs -- standard and merit. Special rates would apply only on select few items. Currently, GST is a 4-tier structure of 5, 12, 18...
Govt to constitute task force for next-generation reforms: PM
"We have decided to constitute a task force for next-generation reforms. This force will work within a set time-frame to align existing laws with the needs of the 21st century and prepare the nation to become 'Viksit Bharat' by 2047," Prime Minister Narendra Modi said...
GST rates to ‘substantially’ reduce by Diwali: Modi
Prime Minister Narendra Modi addressing the nation on 79th Independence Day in New Delhi on Friday Analysts say, Modi's statements on GST indicate that the much awaited GST reduction proposals in Health Insurance and Term life insurance policies, which is on anvil for...
Liberty Mutual to pay $4.7 million for settling U.S. criminal bribery probe against its Indian subsidiary
In a letter made public on Monday, the Justice Department said the subsidiary, Liberty General Insurance, paid $1.47 million in bribes to six state-owned banks, which in exchange referred customers to its insurance products. Washington: US insurer Liberty Mutual will...
After 18 yrs S&P upgrades India’s sovereign rating on economic resilience, infra spending, inflation control
"India is prioritising fiscal consolidation, demonstrating the government's political commitment to deliver sustainable public finances, while maintaining its strong infrastructure drive," S&P said in a statement New Delhi: In a landmark development, after 18...