9th yr of GST may see rate rationalisation

New Delhi: The ninth year of the Goods and Services Tax (GST), which begins on Tuesday, could actually see the much-awaited rationalisation of the rates, although the shrinking of slabs from four major ones to three is unlikely.While the tax regime stabilised over eight years, this is evidenced by consistent rise in collections – from…

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Domestic gas price rises 5% amid W Asia conflict

New Delhi: The govt has raised the price of natural gas from state-run ONGC and Oil India Ltd’s legacy fields to $6.89 per unit (million British thermal units) for July from $6.41 as the ripples from a surge in oil prices following the Israel-Iran conflict hit home. But the actual increase in the price will…

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Cyber risks in financial sector: RBI calls for AI-aware defence and zero-trust approach, warns of systemic threat from vendor lock-ins

The Reserve Bank of India (RBI) has called for financial institutions to adopt risk-based supervision, zero-trust cybersecurity frameworks and AI-aware defence strategies to counter the rising threat of cyberattacks and financial frauds in the digital ecosystem.In its bi-annual Financial Stability Report (FSR) released Monday, the RBI warned that the increasing use of digital financial services,…

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Inspired by Warren Buffett’s investment mantras? These 3 stocks make up 66% of Bill Gates’ Foundation’s $45 billion portfolio — check list

Bill Gates stands amongst the world’s richest individuals. (AI image) With wealth surpassing $100 billion, Bill Gates stands amongst the world’s richest individuals. His philanthropic contributions to the Gates Foundation, established in 2000, have exceeded $60 billion, demonstrating remarkable generosity. The investment portfolio of the Gates Foundation combines technological expertise and wisdom from a legendary…

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Aadhaar card update guide: Changed your mobile number? Here’s how to update it

Individuals looking to update their mobile numbers linked with Aadhaar must visit an Aadhaar Seva Kendra or enrolment centre, as online updates are not permitted due to the mandatory biometric verification requirement, according to the UIDAI.The Unique Identification Authority of India (UIDAI) has clarified that linking the correct mobile number with Aadhaar is critical for…

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