Indian
ICICI Bank uses space images for farm loans to cut costs
BENGALURU: India’s ICICI Bank Ltd has begun using satellite...
9 evacuated after fire at govt hospital in Jamnagar; no injuries
Two-wheelers neither luxury nor sin goods, merit GST rate revision: Finance Ministry
Two-wheelers currently attract 28 percent GST.
“Responding to a question about the need for lowering GST rates on two-wheelers, Finance Minister Nirmala Sitharaman assured that this was indeed a good suggestion as this category is neither a luxury nor a sin good and hence merits a rate revision,”
Reducing goods and services tax (GST) on two-wheelers to 18 percent from the highest slab of 28 percent currently, could make bikes cheaper by up to Rs 10,000, said Rajiv Bajaj, Managing Director at Bajaj Auto.
This “will be taken up with the GST Council”, the statements quoted Sitharaman as saying.
More than 60 survivors pulled from collapsed building in India
The cause of the accident was not clear. But building collapses are common in India, usually due to shoddy construction, substandard materials and disregard of regulations.
Every year, heavy downpours during the June to September monsoon season bring down rain-sodden small and large structures deemed too dangerous to live in.
More than 1,200 people were killed in 1,161 building collapses across India in 2017, according to latest data from the National Crime Records Bureau.
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