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FM rules out GST waiver on Covid vaccines, says move will make them costlier

Finance Minister Nirmala Sitharaman on Sunday virtually ruled out exempting Covid vaccines, medicines and oxygen concentrators from GST, saying such an exemption will make the lifesaving items......

TN seeks special package of Rs 1K cr to address water crisis

Amid a severe drinking water crisis in Tamil Nadu, state deputy chief minister O Panneerselvam on Friday sought from the Centre a special package of Rs 1,000 crore to augment irrigation structures......

No-trust vote against Modi govt defeated 325-126

Prime Minister Narendra Modi-led National Democratic Alliance government sailed through its first floor test in Lok Sabha by defeating the no-confidence motion moved by Telugu Desam Party on......

GST revenues grow 15% to nearly Rs 1.50 lakh cr in Dec

The collections from Goods and Services Tax (GST) grew by 15 per cent to over Rs 1.49 lakh crore in December 2022, indicating improved manufacturing output and consumption demand, besides better......

How Long Will GST Growth Continue?

It is now becoming increasingly clear that rising imports have played a significant role in sustaining the buoyancy in revenues from GST, notes A K Bhattacharya. Illustration: Uttam......

Govt proposes host of incentives to revamp Special Economic Zones

The commerce ministry is proposing a host of direct and indirect incentives such as deferral of import duties and exemption from export taxes to revamp Special Economic Zones through a new......

GST revenues at nearly Rs 1.41 lakh cr in May

GST revenue for May stood at nearly Rs 1.41 lakh crore, a 44 per cent increase over the same month last year, the finance ministry said on Wednesday. Illustration: Uttam Ghosh/Rediff.com Bucking......

GST Council's recommendations not binding on Centre and states, rules SC

The Supreme Court on Thursday ruled that the Goods and Service Tax (GST) Council's recommendations are not binding on Union and State but have a persuasive value as the country has a cooperative......

Sports Shorts: Cuest Advani wins 17th world title

A summary of sports events and sports persons, who made news on Sunday IMAGE: Pankaj Advani. Photograph: PTI Ace Indian cueist Pankaj Advani clinched his 17th world title on Sunday after he......

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Coming to India and making

Success in manufacturing is not just about being cheap - cheap labour, cheap land, cheap power...
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