The 18 per cent tax slab is expected to remain the major contributor to GST revenues if the Centre's proposal for a two-tier GST structure and a special 40 per cent rate is implemented, according to a source. At present, the Goods and Services Tax (GST) follows a four-tier structure with rates of 5 per cent, 12, 18, and 28 per cent.
Among the Sensex firms, Mahindra & Mahindra jumped the most by 5.96 per cent. Bajaj Finance, Bajaj Finserv, Trent, ITC and HDFC Bank were also among the gainers. However, Maruti Suzuki India, Bharat Electronics, HCL Tech, NTPC, Power Grid, Infosys and Reliance Industries were among the laggards.
'It must become faceless, just as the entire direct tax assessment system has already become fully online, without any human intervention in the normal course,' recommends A K Bhattacharya.
A couple was seriously injured in a suspicious explosion at their home in Hassan district, Karnataka. Police are investigating the cause, initially suspected to be a cylinder blast.
Defence Procurement Manual 2025 lays down the guiding principles for revenue procurements in the defence ministry worth around 1 trillion in a financial year.
India needs to come together to deal with the 50 per cent punitive US tariffs on Indian products and stand up to any kind of bullying, Maruti Suzuki India chairman R C Bhargava said on Thursday. "It is our duty as Indians to do our very best to promote and maintain our dignity and respect and not give in to any kind of bullying in this matter... the nation has to stand united," Bhargava said at the company's 44th Annaul General Meeting in New Delhi.
One97 Communications Ltd (OCL), the company that operates the Paytm brand, posted a consolidated loss of Rs 539.8 crore in the fourth quarter of 2024-25 (Q4FY25), slightly lower from the Rs 549.6 crore it reported in Q4FY24. Sequentially, the fintech company's loss widened from Rs 208.3 crore in Q3FY25 on account of a one-time exceptional expense amounting to Rs 522 crore during the quarter ended March 2025.
The drive, carried out by various police districts and units, including the crime branch and AATS teams, aligns with the Supreme Court's directions and the Delhi government's blanket ban on the sale, storage, and use of firecrackers to curb pollution during Diwali.
The ruling National Democratic Alliance in Bihar on Monday sparred with the opposition Rashtriya Janata Dal over items allegedly stolen from a government bungalow recently vacated by Tejashwi Yadav, to whom it was allotted while he was the state's deputy chief minister.
Mother Dairy on Tuesday said it will pass on 100 per cent GST reduction benefits to consumers and most of its products including value-added dairy products and processed foods (under Safal brand) will become cheaper with effect from September 22. Mother Dairy, a wholly-owned subsidiary of National Dairy Development Board (NDDB), said that prices of paneer (200 gms) will come down from Rs 95 to Rs 92, Ghee Carton Pack (1 litre) from Rs 675 to Rs 645, and butter 100 gm from Rs 62 to Rs 58.
This festive season, silver is being reinvented from gemstone accents and heirloom-inspired decor to luxury gifts, blending tradition with modern design.
Simplifying GST rates, removing exemptions, easing disputes, and speeding up refunds can boost investment in India and offer the best reply to Trump's tariffs, observes V S Krishnan, former member, Central Board of Indirect Taxes and Customs.
GCMMF, which markets dairy items under Amul brand, on Saturday announced reduction of retail prices of more than 700 product packs, including ghee, butter ice cream, bakery and frozen snacks, as it decided to pass on benefits of the GST rate cut to consumers. The new price will be effective from September 22.
A man dressed in a naval uniform stole a rifle and ammunition from a junior sailor on sentry duty in Mumbai. An investigation is underway.
Six persons died after the cable wire of a cargo ropeway snapped at Pavagadh Hill in Gujarat's Panchmahal district on Saturday, officials said.
Two modules published by the NCERT, Swadeshi: Vocal for Local (for middle stage) and Swadeshi: For a Self-Reliant India (for secondary stage), carry excerpts from the prime minister's Independence Day address in which he stressed that self-reliance would drive India's journey towards a Viksit Bharat.
The stock of Bharat Electronics (BEL) has risen 10 per cent over the past seven to eight trading sessions, driven by order wins that improve revenue visibility. The gains mark a reversal of a declining trend in its stock price between early July and late August, during which the scrip fell over 13 per cent.
The mother of Janata Dal-United MLA Kh Joykishan Singh in Manipur has lodged a complaint, alleging that Rs 18 lakh in cash and jewellery items worth Rs 1.5 crore were looted by a mob that vandalised the legislator's residence on November 16, police said on Thursday.
A senior Haryana Police officer's suspected suicide has sparked controversy after a note he left behind accused senior officers of harassment and caste-based discrimination. His wife has demanded an FIR against the state police chief.
'Stray cows, which feed on leftovers discarded in plastic bags, consume plastic materials. This led to the animals' intestines getting blocked. If left unattended for long, they will die'
A stabbing and car attack at a synagogue in Manchester on Yom Kippur has been declared a terrorist incident. Two people are dead, and several others are injured. Police shot the suspect dead.
rediffGURU Dr Deepa Suvarna, a pediatrician with 25 years of experience, debunks common myths related to health and nutrition of kids.
'Our endeavour will be that we identify these products, put them in the public domain so that the manufacturers can look at them and give a boost to Make in India.'
'Why don't I organise an auction of cinematic memorabilia?' recalls Dinesh Raheja. 'There are sure to be legions of film buffs who will cherish the chance to own souvenirs intimately associated with their favourite stars onscreen.'
The wife of a Haryana Police officer who allegedly died by suicide has claimed his death was the result of 'systematic persecution' by high-ranking officers and has filed a complaint requesting an FIR be registered.
The Enforcement Directorate (ED) and Income Tax (I-T) Department are likely to join the Assam Police in investigating alleged organised financial crimes and acquisition of benami properties by event manager Shyamkanu Mahanta, an accused in the death of Assam's cultural icon Zubeen Garg.
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.
The SC said every day, hundreds of dog bites were being reported in the city and on its outskirts, leading to rabies and ultimately, children and the aged were falling prey to the dreadful disease.
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.
The decision to hike US H-1B visa application fee to $100,000, trade talks and the GST rate cut will be the key drivers for stock market movement this week, analysts said.
Assam Police have filed a murder charge against Zubeen Garg's manager and a festival organizer in connection with the singer's death in Singapore. The investigation is ongoing, with authorities seeking cooperation from Singaporean officials.
Majority of AIFF EC members to choose between national body posts and state unit office
The father of a deceased Jadavpur University student is filing a police complaint, alleging foul play in her death after she was found unconscious in a pond on campus.
Retail inflation in August rose slightly to 2.07 per cent from 1.61 per cent in the preceding month, mainly due to increase in prices of vegetables, meat and fish, according to a government data released on Friday.
An introduction to the mellow flavours of Mizo cuisine.
Retail inflation slipped to an eight-year low of 1.55 per cent in July mainly due to subdued prices of food items, including vegetables and cereals, according to government data released on Tuesday.
India's exports rose 6.7 per cent to $35.1 billion in August annually, while imports declined 10.12 per cent to $61.59 billion, according to government data released on Monday. Gold imports were down nearly 56 per cent in August, helping to trim merchandise trade deficit to $26.49 billion in August, as against $35.64 billion in the year-ago month.
The youth used to watch radicalised content online, Bathinda senior superintendent of police Amneet Kondal told reporters in Bathinda on Friday.
Jitendra Singh stood with the Pandya brothers through it all. When they couldn't afford kits, he found a way. When others doubted their potential, he pushed them harder. When life knocked them down, he picked them back up.
ETS introduces adaptive TOEFL, fairness protocols and faster scores to ease global students' stress and test anxiety.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances