Presently, the total tax incidence on cars, depending on engine...
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‘Next Gen GST’ precursor to eventual single tax slab GST: Sources
“What we have suggested is a ‘Next Gen GST’ keeping the needs of...
GST revamp to see rates of 5%, 18%; 40% tax on 7 items
While essential food items, medicines and education will continue...
Fight climate change with fiscal discipline
The transition to clean energy requires enormous public investment in electricity generation and distribution, in addition to the far larger expense of mitigating the damage caused by rising temperatures. Further delay will increase the public and private costs more...
Inflation worries continue for US Fed, no policy rate cut for sixth time
Fed Chair Jerome Powell Indeed, Fed Chair Jerome Powell said it was likely to take longer than previously expected for Fed officials to gain the "greater confidence" needed for them to kick off interest rate cuts Washington: The U.S. Federal Reserve held interest...
Domestic PV sales growth flat in April due to high base effect, elections
Dispatches of passenger vehicles from manufacturers to dealers were at 3,38,341 units in April 2024 as compared to 3,32,468 units in the same month last year, a growth of 1.77 per cent with major players Maruti Suzuki India, Hyundai and Tata Motors reporting marginal...
Urgent healthcare reformation needed: IMA chief criticizes Ayushman Bharat structure
Indian Medical Association chief Dr R V Asokan also described the government's flagship Ayushman Bharat health insurance scheme as ''poorly structured and underfunded'' and called for increasing investments in the health sector New Delhi: Terming health an "orphan",...
Over 500 relocated to safety as sinking land threatens homes in Ramban, J-K
A total of 100 households were affected as 58 houses got completely damaged due to the land subsidence, the official said, adding that so far 500 people have been evacuated and provided shelter at safer places. Jammu: More than 500 people have been relocated to safer...
Foreign investors withdraw Rs 6,300 crore from Indian stocks in April amid rising US bond yields
“The positive factor is that all FPI selling in the equity markets is getting absorbed by DIIs, HNIs and retail investors. This is the only factor that may reign in FPI selling,” said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services After...
Indian economy remains in bright spot: Ministry of Finance
"While a record Rabi crop will help in moderating cereal prices, the increasing occurrence of weather shocks poses an upside risk to food prices. Geopolitical tensions and their effect on oil prices add to this risk. However, Kharif crop prospects look bright at this...
FIU notifies fresh money laundering, terror financing reporting alerts for insurance and capital market players
A working group, that included insurance regulator IRDAI, went into issues related to the insurance sector during 2022-23 fiscal and the revised guidelines laid "special stress" for generating alerts in cases of frauds experienced by the insurance firms and analyse...
Centre wants electronic component makers to ensure nation’s security interests: IT Secy
S Krishnan,Secretary,Ministry of Electronics and Information Technology "With this space (cyber security) getting critical, national risks are also huge. It is not at the individual level but even at the national level, the cyber security risks are huge. What we...
Bird flu: US tests show pasteurized milk is safe
One person, a Texas farm worker, has been confirmed to have bird flu and suffered conjunctivitis in the current outbreak following exposure to dairy cows. Both the Centers for Disease Control and Prevention and the World Health Organization said on Friday the current...