JAISALMER: The GST Council on Saturday decided to waive tax on gene therapy used to treat cancer and reduced the levy on fortified rice kernels used in PDS to 5%, but deferred a call on lower rates for health and term assurance and food delivery services as more consultations were required.The all-powerful panel led by…
GST council has sanctioned a rate increase to 18% from 12% for transactions involving the sale of old and used cars. GST Council Meeting latest update: The ongoing 55th GST council meeting in Jaisalmer is addressing crucial taxation matters, including revisions for AAC blocks, fortified rice and flavoured popcorn categories.According to ET’s Deepshikha Sikarwar, the…
NEW DELHI: The Andhra Pradesh government and EdTech company PhysicsWallah have signed an agreement to set up a University of Innovation (UoI) at an investment of up to Rs 1,000 crore. The UoI is set to emerge as the first institute of eminence in the state and aligns with Chief Minister N Chandrababu Naidu’s aim…
MUMBAI: Markets regulator Sebi has detected a case of front running by an equity dealer with PNB Metlife India Insurance by which the dealer and his associates had together made illegal gains of Rs 21.2 crore over more than three years. Sebi, through an interim order, has barred Sachin Dagli (the dealer), and his associates…
A government shutdown is just hours away and lawmakers are scrambling to come up with a plan. If Congress doesn’t agree on a measure, the shutdown goes into effect at 12:01 a.m. Saturday. Each year, Congress must pass a spending bill to keep the government running. That’s supposed to happen by Oct. 1. Now, after…
Zillow released its annual list of “most popular cities” this week, and the Northeast dominated for the second year in a row—Connecticut alone took four spots in the top 10. Zillow analyzed housing metrics, including consumer demand, page-view traffic, home value growth, and how quickly homes sell to create the list. The most popular city…
Federal Reserve Chairman Jerome Powell took a bite out of Bitcoin’s historic price surge. In a press conference on Wednesday, he said the central bank is not currently looking to build a reserve of Bitcoin, and projected only two rate cuts for 2025. “We’re not allowed to own Bitcoin. The Federal Reserve Act says what…
If one fails to submit a belated return by December 31, 2024, specific consequences apply. ITR filing deadline: December 31, 2024, marks the final deadline for submitting belated and revised income tax returns for FY 2023-24 (AY 2024-25). Whilst various taxpayer categories have distinct ITR filing deadlines, the final date for belated and revised returns…
India has become one of the world’s leading markets for deals such as initial public offerings, smashing its record for money raised this year as investors snap up opportunities.Vishal Mega Mart Ltd.’s trading debut Wednesday underscored this insatiable appetite for IPOs — shares of the retailer surged more than 40%. The feeding frenzy is set…
Markets remain under pressure following Fed’s strict commentary. Support exists at 23,850, with resistance at 24,200, according to Rupak De of LKP Securities. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, plunged in trade for the fifth consecutive day on Friday. While BSE Sensex was just above 79,000, Nifty50…
