A ministerial panel on GST is considering reducing rates on essential items like medicines and tractors to 5%. Health and term insurance may also see lower rates. The panel, led by Bihar deputy CM Samrat Chaudhary, will finalize these decisions…
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The Supreme Court has allowed real estate companies to claim input tax credits (ITC) on construction costs for commercial buildings meant for renting purposes, ruling them as ‘plant and machinery’ under GST law. This decision helps reduce the financial burden…
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The NFRA’s findings are linked to investigations of large corporations, including Reliance Capital, Reliance Home Finance, Dewan Housing Finance, Coffee Day Enterprises, and IL&FS.
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CK Birla Healthcare, part of the CK Birla Group, aims to raise around $150 million by selling a minority stake. Funds will be used for expansion and debt reduction. The healthcare arm, featuring multiple hospitals and IVF centers, recorded a…
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Finance Minister Nirmala Sitharaman stated that India’s per capita income is projected to increase by $2000 in the next five years. She highlighted the young demographic, which drives consumption growth, and noted the maturity in India’s innovation and financial sectors…
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In just 4 trading sessions, Sensex dropped over 3,300 points as FIIs pulled out nearly Rs 32,000 crore from D-Street. China’s market appeal and growing fears over the Iran-Israel conflict have spooked global investors. With concerns over high valuations as…
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