New Delhi, September 5 The recent GST reforms will give a major boost in further enhancing productivity and competitiveness of the dairy sector while ensuring sustainable livelihoods, directly benefitting over 8 crore rural farmer families, according to the government. In a landmark move to strengthen India’s dairy sector, the 56th GST Council approved sweeping tax […]
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New Delhi, September 5 India has demonstrated the potential to gasify coal with high ash content through proven indigenous technology trials, according to experts at a NITI Aayog event. Dr. VK Saraswat, Member, NITI Aayog, commended the initiatives taken by the Ministry of Coal for faster implementation of coal gasification in India. He highlighted India’s […]
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New Delhi, September 5 The next-generation GST reforms are a historic leap forward for India’s textile sector, serving as a catalyst for the country’s march towards becoming a $350 billion textile economy by 2030, according to the government. The Ministry of Textiles has reaffirmed its commitment to work hand-in-hand with industry stakeholders, exporters, artisans, and […]
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New Delhi, September 5 The ‘SEMICON India 2025’ event brought together global industry leaders, policymakers, academia, companies and startups — fostering investment, dialogue, and strategic partnerships, according to the government. The three-day conference served as a catalyst in advancing India’s semiconductor ambitions by enabling cross-border collaboration, commercialisation of research, skill development, and integration into the […]
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New Delhi, September 5 In what comes as a relief to e-commerce exporters, the GST Council has approved DGFT’s proposal to eliminate the value threshold for GST refunds on low-value consignments. The relevant section of the CGST Act, 2017 will be amended to allow refunds for exports made with payment of tax, regardless of value. […]
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New Delhi, September 5 In a significant step, Bank of Baroda, one of India’s leading public sector banks, has declared the loan accounts of Reliance Communications Ltd. (RCom) and its erstwhile Director, Anil Ambani, as ‘fraud’, according to an exchange filing. This classification pertains to loans taken before RCom entered the corporate insolvency resolution process […]
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San Francisco/New Delhi, September 5 CEO Tim Cook announces two new Apple stores in Bengaluru and Pune, says ‘thrilled’ to bring the best to the people in India San Francisco/New Delhi, Sep 5 (IANS) As Apple is preparing to expand its retail presence in India, the company’s CEO Tim Cook has officially announced opening of […]
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New Delhi, September 4 In a historic move, the Union government has slashed the Goods and Services Tax (GST) rates for 33 cancer drugs and rare medicines — from 12 to zero per cent. The decision taken by the GST Council, chaired by Finance Minister Nirmala Sitharaman, on Wednesday, rationalised the indirect tax structure, cutting […]
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New Delhi, September 4 The GST rate rejig will make small cars and two-wheelers cheaper and big SUVs also are set to become affordable, as the festive season inches closer. The GST Council has approved transformational changes to India’s indirect tax structure — adopting a 5 per cent and 18 per cent tax structure — […]
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Washington, September 4 Former Indian Ambassador to France and Director General of Jadeja Motwani Institute for American Studies at OP Jindal Global University, Mohan Kumar, has countered the Trump administration’s assertion that India is the “Maharaja of tariffs”. In an article in Newsweek magazine on Sunday, titled “Is India a ‘Tariff King’? Not Really,” Kumar, […]
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