US President Donald Trump on Wednesday hinted at “phase-2 and phase-3” of what he called “sanctions” on India, highlighting his past warning that New Delhi “got big problems” if it did not stop buying Russian oil. He further claimed that imposing additional 25% tariffs on India cost Russia “billions of dollars.” “That cost hundreds of…
NEW DELHI: Individual health and life insurance has been made GST free, finance minister Nirmala Sitharaman announced on Wednesday. It comes as a big relief as the rate has been brought down from 18%.“Insurance services from 18% currently will go into two, three different categories. Exemption of GST on all individual life insurance policies, whether…
The GST Council on Wednesday approved the creation of a new slab of 40% for sin and luxury goods, marking a significant change in the tax structure. While the date for its implementation will be announced later, the two other main slabs of 5% and 18% will come into effect from September 22.The highest slab…
NEW DELHI: There is good news for buyers of top consumer segments such as small cars, two-wheelers under 350cc, ACs, TVs (over 32’inches) and dishwashers. The GST Council has cut the GST rates on the products from 28% to 18%, which will see significant cuts in consumer prices.Finance Minister Nirmala Sitharaman said that the decision…
Finance Minister Nirmala Sitharaman on Wednesday announced major Goods and Services Tax (GST) rate cuts, saying that with the two-tier tax rate system approved, the common man will benefit greatly. The GST Council approved the two-tier rate structure of 5% and 18%. The GST rate rationalisation will be implemented from September 22, according to a…
The National Stock Exchange (NSE) has appointed Injeti Srinivas, former chairman of the International Financial Services Centres Authority (IFSCA), as a Public Interest Director on its board, the exchange disclosed on its website.Sources told PTI that Srinivas may also be in line for the post of NSE chairman, subject to approval from the Securities and…
The India-US trade relationship faces challenges as Trump has increased tariffs from August. (AI image) Indian companies are betting on robust demand from smaller towns and villages to counter the impact of US President Donald Trump’s 50% tariffs on India. India’s GDP grew at a 5-quarter high of 7.8% in the April-June period. Private consumption…
Wall Street steadied on Wednesday as Alphabet and other technology stocks lifted sentiment, helping the S&P 500 edge higher and break its recent losing streak. The benchmark index gained 0.5% and was on track to end a two-day decline that followed its latest record high. The Nasdaq composite rose 0.8%, while the Dow Jones Industrial…
File photo: Former Prime Minister Jawaharlal Nehru The iconic bungalow at Motilal Nehru Marg (earlier 17 York Road), which once served as the first official residence of former Prime Minister Jawaharlal Nehru, is set to change hands in what could be the costliest residential property deal in India.According to ET, the property is being acquired…
Gold rate today: Gold prices shot up by Rs 1,000 to hit a fresh all-time high of Rs 1,07,070 per 10 grams in Delhi on Wednesday, fuelled by mounting expectations of a US Federal Reserve rate cut, geopolitical tensions, and concerns over the US economy. The yellow metal of 99.9 per cent purity had closed…
