The Group of Ministers on GST rate rationalisation concluded with states agreeing to restructure the indirect tax system. The current four-rate structure will be replaced with two rates. A higher levy will remain on sin goods. The move aims to…
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Nomura’s analysis of EM holdings shows that in July, investors cut their relative exposure to India, while boosting allocations to Hong Kong/China and Korea.
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An MIT study reveals that generative AI’s impact on jobs is gradual and industry-specific, not catastrophic. Workforce reductions are limited to already vulnerable roles like customer support, with technology and media sectors anticipating the most shifts. The focus is now…
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Despite repeated disruptions and adjournments, the Monsoon session of Parliament concluded with the Lok Sabha passing twelve bills and the Rajya Sabha fifteen. Key legislation included amendments to GST, sports governance, anti-doping measures, and regulations for online gaming. A government…
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Payments Council of India has re-appointed Vishwas Patel as chairperson. M N Srinivasu and Nalin Bansal are appointed as co-chairpersons. Their term will be for 2025-27. PCI supports digital payments growth. It aims to reduce cash usage and promote financial…
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Equity Derivatives Tenure Raise: A surge in derivatives trading, which has also been driven by retail investors, has prompted the Securities and Exchange Board of India to limit the number of contract expiries and increase lot sizes to make such…
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