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Business

GST Council Delays Decision on Lower Insurance Rates Amid Ongoing Discussions

The GST Council made several decisions, including waiving tax on gene therapy and reducing the levy on fortified rice kernels, but deferred a call on lower rates for health and ter...

Business

Raghuram Rajan Reveals Arun Jaitley's Support for Cleaning Up Bad Loans

Raghuram Rajan reveals that ex-finance minister Arun Jaitley supported cleaning up bad loans of Indian banks, highlighting the need for decisive action amidst corruption and global...

Business

Revolutionary 'Track and Trace Mechanism' Launched to Combat GST Evasion

The GST Council introduces the 'Track and Trace Mechanism' to monitor goods prone to tax evasion, affixing a unique mark on these goods or their packaging. This move aims to enhanc...

Business

Albania to Ban TikTok in 2025: A Year-Long Break for Education and Safety

Albania's Prime Minister Edi Rama announces a nationwide ban on TikTok starting in 2025, citing concerns about its impact on education and children's well-being. The ban comes amid...

Business

GST Council Meeting: States Reject Proposal to Include ATF

Union Finance Minister Nirmala Sitharaman announced that states have rejected the proposal to include aviation turbine fuel (ATF) within the GST framework during the 55th GST Counc...

Business

2024 Space-Tech Funding Dips, but Industry Sees Hope for Recovery

Indian space-tech startups see a funding decline in 2024, but industry stakeholders remain optimistic about a revival, citing growing interest from government and private players.

Business

Bombay HC Extends Revised Return Filing Deadline for Taxpayers Affected by Rebate Issue

The Bombay High Court has extended the deadline for taxpayers affected by software changes in the tax filing platform to file revised returns and claim tax refunds under Section 87...

Business

Andhra Pradesh and PhysicsWallah Partner to Launch Rs 1,000 Crore University of Innovation

Andhra Pradesh partners with PhysicsWallah to establish a Rs 1,000 crore University of Innovation, aiming to create the state's first institute of eminence focusing on AI and emerg...