The Indian government is considering extending incentives for critical semiconductor projects, potentially covering up to 70% of project costs through central and state support. Electronics and IT Secretary S Krishnan announced plans to broaden the Design Linked Incentive (DLI) scheme…
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The BSE Sensex reversed early gains, declining by 206 points due to profit-taking in banking and auto shares ahead of the GST Council meeting. The NSE Nifty also dipped, with losses in Mahindra & Mahindra and ICICI Bank. Power Grid…
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An SBI Research report indicates that states will benefit from the proposed GST rate rationalization, projecting revenues exceeding Rs 14.10 lakh crore in FY26. While initial rate reductions may cause a temporary dip in collections, historical data suggests a subsequent…
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India aims to raise the share of gas in its energy mix to 15 per cent by 2030 from about six per cent at present to cut its carbon footprint, Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri,…
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An Indian tax panel has suggested significant consumer levy increases on luxury electric vehicles priced above $46,000, potentially impacting Tesla, Mercedes-Benz, BMW, and BYD sales. While Prime Minister Modi aims to reform India’s tax system and promote domestic goods, the…
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The News Broadcasters & Digital Association (NBDA) has appealed to the Finance Minister Nirmala Sitharaman, requesting revisions to the GST framework. They seek a shift in the point of taxation for advertising revenue from invoicing to actual receipt, especially concerning…
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