NITI backs 5% GST slab for R&D procurement

Niti Aayog suggests bringing back a 5% GST rate for research and development purchases. This move aims to boost usable funds for research institutions. The proposal also includes increasing India’s R&D spending to at least 2% of GDP within five…

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RBI likely to pay a big dividend to Centre

Economists estimate the surplus transfer-often referred to as the central bank’s dividend to the government-in the range of Rs 2.7 lakh crore to Rs 3 lakh crore. In the FY27 Union Budget, the government has estimated Rs 3.16 lakh crore…

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