NEW DELHI: New Delhi: GST Council, led by finance minister Nirmala Sitharaman, on Monday announced tax exemption for research funding for higher educational institutions and research centres established under central or state laws, as well as institutions that enjoy income tax exemption.At the meeting, the Centre proposed the change, which states accepted with West Bengal…
NEW DELHI: The Goods and Services Tax rates on cancers drugs has been brought down from 12% to 5%, Union finance minister Nirmala Sitharaman announced on Monday after the conclusion of the 54th GST council meet. Further, GST rates on namkeens and savoury food items has also been prospectively reduced from 18% to 12%. A…
The Goods and Services Tax Council on Monday formed a group of ministers to examine the GST rate on health insurance policy in detail, ANI reported quoting sources.This comes after reports that the council was likely to offer substantial relief to individuals and senior citizens by reducing the GST rate on health insurance premiums. At…
NEW DELHI: Equity benchmark indices, Sensex and Nifty opened on a negative note on Monday following Asian markets trends and global cues.Sensex opened at 80,973.75 down by 210 points (0.26%) while Nifty was down by 28 points at 24,823 points.NTPC, Adaniport, Tata Steel, Powergrid and Tata Motors were the major loser among the Sensex while…
MUMBAI: Premium and luxury housing are boosting residential real estate sales, according to multiple reports. In fact, the growth is now showing in the outstanding portfolios of home loan providers, with their share of loans for homes valued at Rs 75 lakh and above increasing from 19% in March 2020 to 31.4% in March 2024.A…
MUMBAI: Investors on Dalal Street will have the option to select from at least 16 IPOs to invest in the coming week, making it one of the busiest weeks for primary offers in recent years. Together, these 16 IPOs are aiming to raise nearly Rs 9,000 crore from the market, data on Chittorgarh, a web…
NEW DELHI: States are expected to move ahead with resolving the complaint of high GST on health and life insurance but fear that insurers may not pass on the benefit of lower levy to consumers in the absence of an anti-profiteering body.The issue of lower levies on life insurance is more or less settled as…
India’s second chip manufacturing facility soon? The Maharashtra cabinet panel has given the green light to a substantial investment proposal amounting to $10 billion (Rs 83,947 crore) on Thursday. The venture, a collaboration between Tower Semiconductor and the Adani Group, aims to establish a semiconductor chip manufacturing facility at Taloja in Panvel, Devendra Fadnavis, the…
Infosys onboarding delay: After a complaint by the IT union Nascent Information Technology Employees Senate (NITES) to the Ministry of Labour and Employment regarding the delayed onboarding of over 2,000 candidates by Infosys, the Labour Ministry has directed the Karnataka State Labour Commissioner’s Office to take appropriate action under the relevant labour laws. According to…
Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in red on Friday. While BSE Sensex was just above 82,000, Nifty50 was below 25,100. At 9:18 AM, BSE Sensex was trading at 82,016.55, down 185 points or 0.22%. Nifty50 was at 25,092.60, down 53 points or 0.21%.Following a 4% increase over the…
