Ex-Trump aide John Bolton (file photo) Former US National Security Advisor John Bolton lashed out at US President Donald Trump on Thursday (local time) for deteriorating US-India relations through a 50% tariff imposition on India, which he claims has driven Prime Minister Narendra Modi towards Russia and China.“The White House has set US-India relations back…
File photo (Picture credit: AP) Asian stocks gained on Thursday as dovish signals from US Federal Reserve officials and weak labour market data reinforced bets on interest rate cuts, even as oil prices extended losses ahead of a key Opec+ meeting.MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5% after US equities closed with…
NEW DELHI: Employment in India’s unincorporated sector dipped marginally in the April-June quarter of the current fiscal compared to the previous quarter, though the number of enterprises rose, according to a quarterly survey released Wednesday. National Statistics Office (NSO) published first quarterly bulletin of unincorporated sector enterprises (QBUSE) with estimates for Jan-Mar and Apr-June 2025….
NEW DELHI: Car and SUV prices, especially those classified under the four-metre small vehicles category (petrol under 1,200cc and diesel under 1,500cc), as well as two-wheelers under 350cc will see a price cut from Sept 22, as the GST Council meeting slashed the GST rate from 28% to 18%. Even bigger cars and SUVs, many…
In what the government on Wednesday called a Diwali gift, the GST Council has approved sweeping rate cuts across key sectors. Finance minister Nirmala Sitharaman announced that daily-use items like hair oil, shampoo, toothpaste, soap, toothbrushes, and shaving cream will now attract just 5% GST, down from 18%. GST on individual health and life insurance…
NEW DELHI: The govt expects businesses to pass on the benefit of lower goods and services tax (GST) to consumers and the states and the Central Board of Indirect Taxes (CBIC) and Customs will engage with industry on the issue. “…last time, industry had passed on the benefits of rate cuts and you would have…
The National Stock Exchange (NSE) has appointed Injeti Srinivas, former chairman of the International Financial Services Centres Authority (IFSCA), as a Public Interest Director on its board, the exchange disclosed on its website.Sources told PTI that Srinivas may also be in line for the post of NSE chairman, subject to approval from the Securities and…
US President Donald Trump on Wednesday hinted at “phase-2 and phase-3” of what he called “sanctions” on India, highlighting his past warning that New Delhi “got big problems” if it did not stop buying Russian oil. He further claimed that imposing additional 25% tariffs on India cost Russia “billions of dollars.” “That cost hundreds of…
NEW DELHI: Individual health and life insurance has been made GST free, finance minister Nirmala Sitharaman announced on Wednesday. It comes as a big relief as the rate has been brought down from 18%.“Insurance services from 18% currently will go into two, three different categories. Exemption of GST on all individual life insurance policies, whether…
The GST Council on Wednesday approved the creation of a new slab of 40% for sin and luxury goods, marking a significant change in the tax structure. While the date for its implementation will be announced later, the two other main slabs of 5% and 18% will come into effect from September 22.The highest slab…
