Markets regulator Sebi has reported a sharp rise in settlement pleas, receiving 703 applications in 2024-25 to resolve alleged violations of securities laws without prolonged litigation. This marked a steep increase from 434 applications filed in 2023-24.According to Sebi’s 2024-25 annual report, 284 of these pleas were settled through appropriate orders, while 272 applications were…
Domestic consumption would be strengthened after the government’s proposed GST rationalisation, offering crucial support to the economy as it braces for the impact of the US’s 50 per cent duty on Indian imports, according to various economists quoted by Economic Times. “At a time where consumption demand has been uneven and felt pressure from high…
Ethanol-blended petrol worries consumers (AI-image) The nationwide rollout of 20 per cent ethanol-blended petrol (E20) has triggered a wave of questions and concerns from vehicle owners, with many claiming declining fuel efficiency, sluggish performance and higher maintenance costs. Service centres say non-E20-compliant vehicles — which still account for a majority on Indian roads — are…
GST (representative image) The proposed revamped goods and services tax (GST) 2.0, developed through extensive consultations, aims to be more comprehensive than just rate adjustments. Officials, quoted by Economic Times, indicate it will fundamentally restructure the eight-year-old indirect tax system. The changes focus on resolving classification conflicts, duty inversions and operational challenges to provide businesses…
Markets are set for a strong start on Monday, with both global and domestic factors likely to lift investor sentiment. The twin triggers include Prime Minister Narendra Modi’s Independence Day announcement of GST reforms and the “understanding” reached between US President Donald Trump and Russian President Vladimir Putin.The Alaska meetingTrump and Putin held a close…
Representative (AI-image) IndianOil’s Panipat refinery has received international certification to convert used cooking oil from homes and restaurants into sustainable aviation fuel (SAF), company chairman Arvinder Singh Sahney said. The refinery has obtained the ICAO’s ISCC CORSIA certification, developed under the Carbon Offsetting and Reduction Scheme for International Aviation, to produce SAF from used cooking…
Chemical companies in India are making significant progress in establishing a comprehensive ecosystem for semiconductor manufacturing, which aligns with the nation’s ambition to become a global leader in advanced technology industries, according to Bastion Research’s findings, cited by ANI.The semiconductor manufacturing process necessitates various ultra-high-purity chemicals, essential for wafer fabrication procedures including etching and cleaning…
PM Modi to inaugurate Dwarka Expressway’s Delhi section and UER-II projects (Images taken from PM Modi’s X handle) NEW DELHI: Prime Minister Narendra Modi is set to inaugurate two major highway projects in Delhi-NCR on Sunday afternoon— the Delhi section of Dwarka Expressway and the Urban Extension Road-II (UER-II). These projects are designed to decongest…
NEW DELHI: PM Narendra Modi‘s announcement of a GST revamp is set to push states, especially those ruled by Opposition parties, to agree to the Centre’s rate rationalisation plan, with the finance ministry’s calculations suggesting that the exercise will result in a short-term impact on revenue, which will be more than made up in the…
India’s business community has warmly welcomed Prime Minister Narendra Modi’s announcement to overhaul the Goods and Services Tax (GST), describing it as a crucial step towards boosting demand, cutting compliance burdens and supporting growth.In his Independence Day address from the Red Fort, PM Modi said the government will simplify the GST framework by reducing the…
