Since items in the 12% category account for only about 5% of total GST, the additional boost to consumption may not be significant, points out M Govinda Rao.
Pakistan withdrew its pullout threat and showed up for a crucial Asia Cup game against the UAE in Dubai on Wednesday but not before causing a delay.
T20I skipper Suryakumar's hearing following PCB complaint done in presence of match-referee, board representatives: ICC sources
Surya-led India continued their dominant run in T20I cricket, handing Pakistan their third loss in the head-to-head encounters between these two sides in the final of the Asia Cup at Dubai on Sunday. I
Five Bangladeshi students of the National Institute of Technology (NIT) Silchar in Assam have been suspended for their alleged involvement in violent clashes on campus and will be deported, officials said on Monday.
Nepal's former chief justice Sushila Karki is likely to be appointed as head of a caretaker government, which would conduct fresh elections, addressing the demands of the agitating group
'GST reduction will help larger and high-end cars too.'
'The Bhashini Mission has delivered a working technology at large scale, which is as good as or better than the one with MNC tech giants.'
'...than free Sonam Wangchuk.'
'They insulted themselves more after filing the complaint. The complaint shows how immature and juvenile they are.'
The Leh Apex Body (LAB) is demanding a judicial probe into the recent violence in Leh, which resulted in four deaths and numerous injuries. The LAB co-chairman, Chering Dorjay, denies any foreign involvement and alleges excessive force by police and CRPF personnel.
A civil society alliance in Nepal has alleged a conspiracy to restore the monarchy, even as political parleys for a transitional government continue.
At least 50 people were detained as police and paramilitary forces strictly implemented curfew on Thursday in the violence-hit Leh, where four people were killed and over 80 others were injured when widespread clashes broke out a day before.
Seldom has an India vs Pakistan clash played with such a volatile backdrop, where cricket seems inseparably knotted with off-field tension, provocative gestures, and fines slapped on both camps.
Finance Minister Nirmala Sitharaman on Tuesday asked fintech firms to focus on risk management at a time when criminals are using AI to mimic voices, clone identities and create lifelike videos to manipulate people.
'This is not a case of tax evasion but the result of long-standing ambiguities in GST rules and unawareness.'
The Supreme Court is scheduled to pronounce interim orders on key issues related to the Waqf (Amendment) Act, 2025, including the power to denotify waqf properties.
Chaudhary lauded Andy Pycroft, describing him as a seasoned ICC elite panel referee with a stellar track record and a well-known former Zimbabwean player of high repute.
'He is a permanent fixture when it comes to the Indian team. He has been match referee 90 times in India's matches.'
The small sports utility vehicle (SUV) segment - comprising models less than 4 metres in length - could witness the "maximum" growth among all categories in the coming months following the recent goods and services tax (GST) rate rationalisation, Tarun Garg, chief operating officer of Hyundai Motor India (HMIL), said.
In Part 2 of a weekly MBA-preparation series, CAT expert Aashish Sood explains what is the difference between CAT, NMAT, XAT, and SNAP.
Former Pakistan batter Mohammad Yousuf sparked controversy by using a derogatory term to insult India captain Suryakumar Yadav during a live TV discussion.
Tickets for the match on September 14 are in huge demand than for any other match. Most journalists are also arriving only in time for this match, even skipping India's opening match against the UAE on September 10.
'Don't make it political, let cricket be a game.'
The Gems and Jewellery Export Promotion Council (GJEPC) has urged the Centre to provide immediate relief measures as the tariffs imposed by the United States have started hitting the industry. US tariffs of 50 per cent on Indian goods came into effect on August 27.
The Supreme Court is scheduled to pronounce interim orders on key issues related to the Waqf (Amendment) Act, 2025, including the power to denotify properties declared as waqf.
The rationalisation of goods and services tax (GST), announced on Wednesday, directly lowers the cost of everyday medical consumables, and also high-end therapies in oncology and rare diseases, helping reduce out-of-pocket patient expenditure and better adherence to medication.
'Prime minister is expected to hold some bilateral meetings on the sidelines of the SCO summit.'
Pakistan's reported threat to pull out from the ongoing Asia Cup after demanding ICC match referee Andy Pycroft's removal won't be particularly easy
Pakistan have lodged a protest with the Asian Cricket Council over the Indian players' refusal to shake hands with them following their Asia Cup match.
"You have seen that in Islam, it is said that they oppose 'bootparastee' (idol worship). It is their matter and their philosophy. We perform idol worship. We worship the 'saakaar brahma' and the 'niraakaar brahma', which is allowed by the Sanatan Dharma.... Some are saying 'I Love Mohammad' and indulging in arson and vandalism." "They know that this is Sharadiya Navratra, the occasion of Vijaya Dashami. If they spread chaos during the Sharadiya Navratra, work like 'Chundd' and 'Mundd', then Goddess Bhagwati is not going to tolerate it. Goddess Bhagwati crushes such 'Chundd' and 'Mundd'," Adityanath said.
Prime Minister Narendra Modi lauded the GST Council's overhaul of the Goods and Services Tax (GST) regime, calling it 'GST 2.0' and a significant boost for national growth. He highlighted the simplification of the tax system and the introduction of new rates.
In a significant development for Indian cricket, Rajeev Shukla has taken over as the interim president of the Board of Control for Cricket in India (BCCI) following the reported departure of Roger Binny.
The State Bank of India (SBI) in its latest research report said that reforms in GST through reduction in rates will cause a minimal revenue loss of Rs 3,700 crore. The government estimates the net fiscal impact of GST rates rationalisation will be Rs 48,000 crore on an annualised basis.
New business premiums of life insurance companies dropped 5.2 per cent year-on-year (YoY) in August to Rs 30,959 crore, owing to a double-digit decline reported by state-owned Life Insurance Corporation (LIC), data from the Life Insurance Council showed. LIC recorded a 17 per cent YoY fall in new business premiums to Rs 16,023 crore during the month, while private life insurers reported a 12 per cent YoY increase to Rs 14,936 crore.
The council said it takes serious cognisance of the alleged data manipulation by the CSDS and its attempt to create a narrative to undermine the sanctity of the Election Commission of India (ECI).
These trials will continue and expand through 2026, when the system will be tested more broadly.
The proposal, expected to be worth over Rs 2 lakh crore, including the indigenous content of more than 60 percent, is expected to be taken up for discussion by the Defence Procurement Board headed by the defence secretary in the next few weeks.
Pakistan T20I captain Salman Ali Agha broke the silence about playing the format without the nation's batting bigwigs Mohammad Rizwan and Babar Azam.
Banks are receiving requests for cancellation of approved car loans, in view of the implementation of GST rate cut, which will lower the price of passenger vehicles and also lead to subsequent reduction in the amount needed to purchase them. It is to be noted that the 56th GST Council meeting earlier this month, approved substantial reduction in the GST rate for cars for up to 1,200 cc to 18 per cent from the existing 28 per cent.
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