Under the current Goods and Services Tax (GST) framework, revenues are shared equally between the Centre and the states. Additionally, 41 per cent of the Centre’s share of the divisible tax pool is allocated to states as per the Finance…
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The government is considering reducing the 28 per cent GST slab to 18 per cent and discontinuing the cess imposed on automobiles.
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The duty, finalised on August 16, will start at 12 per cent in the first year, tapering to 11.5 per cent in the second year and 11 per cent in the third.
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Public sector banks (PSBs) raised Rs 1,53,978 crore in the form of both equity and bonds during the last three financial years, the Parliament was informed on Monday.
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The ongoing rally is being fueled by rising optimism around a potential GST cut on cement, which could significantly boost sector fundamentals.
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The government plans to simplify GST by replacing the current four-tier structure with a two-rate system: 5% and 18%, plus a separate sin tax. This reform aims to ease costs for the middle class and boost demand. Items like small…
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