The GoM on GST rate rationalisation has decided to lower taxes on water bottles, bicycles, and exercise notebooks while raising rates on high-end shoes and watches.

GST on term life insurance premiums and health insurance for senior citizens is likely to be exempted. GoM recommends exemption for health insurance up to Rs 5 lakh.

GST Council's GoM to meet on Saturday to discuss GST rate rationalization and lowering tax on health & life insurance premiums. The meeting aims to optimize GST rates and revenue.

A panel of ministers discussed merging GST compensation cess into taxes. States propose restructuring the cess, ending in March 2026, with no new luxury goods added.

The GST Council has formed a GoM to decide on the future of compensation cess. The GoM will submit its report by December 31st, 2023.

India aims for record foodgrain production in the 2024-25 rabi season despite fertiliser shipment delays, citing favourable soil moisture conditions and adequate water levels in reservoirs.

HDFC Bank approves the sale of Rs 12,500 crore worth of shares in its subsidiary HDB Financial Services through an IPO, including a fresh issue and an offer for sale.

Dalmia Bharat's net profit declined by 60.16% to Rs 49 crore in Q2 FY25 due to falling cement prices. Revenue also dipped 2.09% to Rs 3,087 crore, while sales volume increased 14.1% to 6.7 million...

Biotech startup uBreathe aims to raise Rs 24 crore to expand its air purifier product portfolio. The company has sold over 5,000 units and recently launched uBreathe Life, a plant-based air purifier.

Vedanta plans to invest over Rs 1 lakh crore in Rajasthan across zinc, oil & gas, and renewable energy, creating over 2 lakh jobs and boosting economic development.

BCAS held a meeting with airlines following multiple bomb threats to flights in India. Officials reassured passengers that skies are safe and protocols are being followed.

India's Agriculture Minister announces committee to address the vast price difference between farm-gate prices and retail costs of horticultural produce. He also unveiled plans for 'Krishi Chaupal'...

Vikram Dev Dutt, DGCA chief, has been appointed as coal secretary in a major bureaucratic reshuffle by the Indian government. The appointment was announced on Saturday, October 19, 2024.

India aims for record foodgrain production in the 2024-25 rabi season despite fertiliser shipment delays, citing favourable soil moisture conditions and adequate water levels in reservoirs.

HDFC Bank approves the sale of Rs 12,500 crore worth of shares in its subsidiary HDB Financial Services through an IPO, including a fresh issue and an offer for sale.