Economy

Jaisalmer/New Delhi: From reducing GST rate on fortified rice kernel (FRK) to fully exempt GST on gene therapy, the 55th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman, on Saturday made some key recommendations to provide relief to individuals and businesses. The Council recommended exemption of GST on contributions by general insurance companies

Jaisalmer (Rajasthan):  Union Finance Minister Nirmala Sitharaman on Saturday announced that the Goods and Services Tax Council has approved the reduction of GST on rice kernels to 5 per cent, exempted life-saving gene therapy from tax, and extended the GST exemption for parts used in manufacturing surface-to-air missiles (SAM). Addressing the media here after the

New Delhi/Jaisalmer:  The Goods and Services Tax (GST) Council on Saturday deferred the decision on rate cuts on life and health insurance premiums, as some more technicalities need to be ironed out. The GST exemption/reduction on life and health insurance premiums is a long-pending demand of the industry, as the move would alleviate the tax

Mumbai: There has been a massive 233 per cent growth (year-on-year) in overall net inflows in systematic investment plans (SIPs) in India this year, according to a new report, as the Indian economy remains resilient amid rough geo-political conditions. Overall net inflows stood at Rs 9.14 lakh crore from January to November this year, as

New Delhi: From just 50 biotech startups in 2014 in India, the ecosystem has grown to nearly 9,000 in the last decade, said Union Minister Jitendra Singh. At an event held in the national capital, Singh attributed the increase to the remarkable growth in bio-economy in the last 10 years — from $10 billion in

Mumbai:  Indian benchmark indices declined 5 per cent this week amid global selloff, mainly triggered by the US Federal Reserve’s caution approach for rate cuts next year, which resulted in relentless selling by the foreign institutional investors (FIIs). With this, Sensex lost over 1,000 points in three out of five trading sessions this week, and

New Delhi:  As the 55th meeting of the GST Council was set to begin in Jaisalmer on Saturday, chaired by Union Finance Minister Nirmala Sitharaman, the proposed rate cut on health insurance premiums and the inclusion of Aviation Turbine Fuel (ATF) under the GST ambit would be among the key focus areas. The GST Council

New Delhi: The investments in the urban sector in India have increased 16-fold as the government aims to achieve the ‘Viksit Bharat’ goal by 2047, the Ministry of Housing and Urban Affairs said on Friday. Under the Smart Cities Mission (SCM), work orders have been issued in 8,066 projects amounting to Rs 1,64,669 crore, of

Mumbai: The Indian stock market shed more than 1,000 points on Friday amid the global selloff, after the US Federal Reserve hinted at a slow pace of interest rate cuts in the future. Heavy selling was seen in the realty and PSU bank sectors of Nifty. At closing, Sensex settled at 78,041.59 down by 1,176.46

New Delhi: The US Department of Justice’s (DoJ) indictment of Adani Group officials in an alleged bribery case is “extremely flimsy”, senior advocate Mahesh Jethmalani said on Friday, as Breon Peace, the US Attorney behind the case, announced his resignation. According to reports, Brooklyn US Attorney Peace, who presented charges against Adani Group officials, has