NEW DELHI: BJP on Saturday expelled a party functionary after a video of the owner of the popular Sri Annapoorna restaurant seeking an apology from Union finance minister Nirmala Sitharaman went viral on social media, triggering criticism from DMK and the Congress party.Srinivasan, the owner of Sri Annapoorna restaurant can be seen apologizing to Sitharaman…
NEW DELHI: External affairs minister S Jaishankar, who is on the Switzerland visit, said on Thursday that India’s economic relationship with China has been very “unfair” and “imbalanced”.Speaking at an event in Geneva, Jaishankar claimed that 75 per cent of the “disengagement” problems at India’s long and mountainous border with China had been sorted out,…
NEW DELHI: External Affairs Minister S Jaishankar stated on Tuesday that India is not “closed to business from China”, but the issue lies in determining which sectors the country will engage with Beijing and on what terms.Relations between the two nuclear-armed Asian giants have been at odds ever since the deadly Galwan clash in 2020….
NEW DELHI: The GST Council on Monday reduced the levy on some cancer drugs and travel by helicopters on a ‘seat-share basis’ to 5%, and lowered the tax on namkeen (fried snacks) from 18% to 12%. It also agreed to Centre’s proposal to exempt research and development (R&D) funded by private and public sources, including…
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…
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…
CHENNAI: Union finance minister Nirmala Sitharaman on Thursday defended the Modi govt’s record in sharing financial powers with the states by stating that it is respectful of the federal system. Speaking at an event at the Revenue Bar Association of Chennai, Sitharaman said the entire process of the implementation of the Goods and Services Tax…
NEW DELHI: Ahead of discussions on rate rationalisation by the GST Council, finance minister Nirmala Sitharaman on Tuesday said that even states were cautious on moving ahead with rate cuts.“I am not blaming them…they want revenue without burdening the people…when they sit there, they know their job is not to please anyone but protect revenue,”…
Zoya, the luxury jewellery brand from the House of Tata, recently opened its 11th store in Chennai. The brand plans to take the total store count to 15 by the end of this fiscal year. The brand believes that it is well positioned for strong growth and expansion. “In the next 5-10 years, there will…
NEW DELHI: Finance minister Nirmala Sitharaman on Wednesday urged the income tax department to follow a faceless, fair and friendly regime and ensure that communication was in simple language that did not frighten taxpayers.While thanking honest taxpayers at the 165th Income Tax Day celebrations, FM stated there were almost 59 lakh first time tax filers…
