The current Goods and Services Tax framework consists of four tiers: 5, 12, 18 and 28 per cent. (AI image) GST rate cuts coming soon! The Goods and Services Tax (GST) Council will meet for a two-day session starting September 3, as per the notice issued. The meeting comes within days of PM Narendra Modi…
Infrastructure policies and other elements essential for critical communication in the country are being developed rapidly, Telecom Regulatory Authority of India (Trai) Chairman A K Lahoti said on Friday.Speaking at the Broadband India Forum (BIF) event on critical communications, Lahoti said the regulator has given a series of recommendations to the government to strengthen critical…
Markets regulator Sebi chairman Tuhin Kanta Pandey on Friday cautioned the mutual fund industry that beyond market-linked investment risks, operational risks such as fraudulent redemptions by impersonators pose a growing threat to investor confidence.Speaking at an event organised by the Association of Mutual Funds in India (Amfi), Pandey stressed the need for heightened vigilance, urging…
The government has already committed about Rs 62,900 crore — nearly 97 per cent of the Rs 65,000 crore earmarked for semiconductor manufacturing incentives — leaving room only for a handful of smaller projects, a top official said on Friday.Electronics and IT Secretary S Krishnan, while briefing on the upcoming Semicon India 2025 event, said…
The Reserve Bank of India’s central board on Friday took stock of the evolving global and domestic economic landscape, including geopolitical risks and financial market trends, during its 618th meeting held in Lucknow.The meeting, chaired by RBI Governor Sanjay Malhotra, also reviewed the performance of select central office departments, various board committees, and the Ombudsman…
Mumbai: The RBI is re-examining how it targets inflation in its monetary policy. It has however made a strong case for continuing with existing targets. In a discussion paper released on Thursday, the RBI sought public feedback on four questions: should headline or core inflation guide policy; is 4% still the right target; should the…
BENGALURU: IT infrastructure services provider Kyndryl said on Thursday it will invest $2.25 billion (around Rs 18,900 crore) in India over the next three years, expanding its operations and building an AI Innovation Lab in Bengaluru.The company said the commitment will support modernisation of technology infrastructure for enterprises, develop future-ready talent and contribute to the…
India’s economic growth beat RBI predictions in FY26 Q1 The Indian economy likely achieved a robust growth rate between 6.8 per cent and 7 per cent in the initial quarter of the current fiscal year, surpassing the Reserve Bank of India‘s projection of 6.5 per cent, according to State Bank of India (SBI) analysis.According to…
MUMBAI: Indian cricket’s latest blue-eyed boy, Shubman Gill, is the new favourite with brands. His stellar performance in the India-England Test series, both as captain and batsman, had already bolstered his brand value. Now, Gill’s selection for the Asia Cup as vice-captain will only give further impetus to his brand equity. A Gen Z with…
NEW DELHI: The Central Consumer Protection Authority (CCPA) has imposed a penalty of Rs 10 lakh on ride-hailing platform Rapido for disseminating misleading advertisements and engaging in unfair trade practices. The action was taken suo motu by the authority following investigation into the company’s advertisement claim: “Guaranteed Auto. Auto in 5 mins or get Rs…
