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GST council to review GoM reports on rate rationalisation and real estate in 54th meet
GST council to review GoM reports on rate rationalisation and real estate in 54th meet

Sources say, "The GST Council is likely to be presented with a status report on rate rationalisation by the Group of Ministers (GoM). The GoM is likely to inform that discussions need to start afresh on rates, slabs, merger of slabs, simpler rate structures, and correction of the inverted duty structure."

Ministry of Corporate Affairs announces new rules for mergers involving foreign companies
Ministry of Corporate Affairs announces new rules for mergers involving foreign companies

The new rules stipulate important changes for companies involved in mergers and amalgamations, especially when dealing with foreign entities.

Advance tax collection for H1 swells 22.6% to Rs 4.36 lakh crore
Advance tax collection for H1 swells 22.6% to Rs 4.36 lakh crore

Advance tax collections in India increased by 22.61% to ₹4.36 lakh crore in the first half of the current financial year, indicating strong corporate performance and a robust economy. Net direct tax collections rose 16.12% to ₹9.95 lakh crore, with personal income tax showing significant growth over corporate income tax.

Gujarat, TN, Karnataka biggest gainers from 1990s reforms: PM-EAC report
Gujarat, TN, Karnataka biggest gainers from 1990s reforms: PM-EAC report

Though Tamil Nadu's share declined, from 8.7 per cent in 1960-61 to 7.1 per cent in 1990-91, it saw a turnaround, with its share in the national GDP touching 8.9 per cent in 2023-24

India's exports to China fall at faster clip than to other partners
India's exports to China fall at faster clip than to other partners

India's exports to China witnessed 22.44 per cent contraction to $1 billion, while overall exports declined 9 per cent at $34.7 billion in August, commerce department data showed

US Federal Reserve cuts interest rates by 50 basis points, another 50 likely by December
US Federal Reserve cuts interest rates by 50 basis points, another 50 likely by December

The 50 bps rate cut lifted the moods in the US markets with the S&P 500 adding 0.8% while the Dow Jones Industrial Average jumped 350 points, or 0.9%. The Nasdaq Composite rose around 1%.

Should you buy a home in India or rent it? This Anarock study can help solve your real estate dilemma
Should you buy a home in India or rent it? This Anarock study can help solve your real estate dilemma

Anarock research shows that rental values in key micro-markets of the top 7 cities in India have gone up by up to 72% between 2021-end and June 2024. However, capital values saw lower growth.

Advance tax collection surges over 22%, net direct tax collection up 16%
Advance tax collection surges over 22%, net direct tax collection up 16%

With this, the government is hopeful of meeting tax collection target

Refund ceiling for Sahara co-operatives’ depositors raised to ₹50,000
Refund ceiling for Sahara co-operatives’ depositors raised to ₹50,000

Over 4.29 lakh depositors of four co-operative societies floated by the Sahara Group, through the CRCS-Sahara refund portal, have received their refunds

FM Sitharaman Urges Parents to Secure Children’s Future with NPS Vatsalya Scheme
FM Sitharaman Urges Parents to Secure Children’s Future with NPS Vatsalya Scheme

Launches new NPS scheme for minors; Promotes early retirement savings for them, encourages lifelong financial security through new savings-cum-pension scheme .

Govt increases rabi season fertilizer subsidy to ₹24,475 crore
Govt increases rabi season fertilizer subsidy to ₹24,475 crore

Extends PM-AASHA scheme to help oilseeds, pulses growers get MSP

India's economic growth stands out globally, says FM Nirmala Sitharaman
India's economic growth stands out globally, says FM Nirmala Sitharaman

The scheme is an extension of the already existing NPS to children. In the last 10 years, NPS has gained 1.86 crore subscribers, with Assets Under Management (AUM) of Rs 13 trillion

Labour Ministry pushes for shielding gig workers under e-Shram portal
Labour Ministry pushes for shielding gig workers under e-Shram portal

Platform aggregators get 3 months to complete registration process

GST council to review GoM reports on rate rationalisation and real estate in 54th meet
GST council to review GoM reports on rate rationalisation and real estate in 54th meet

Sources say, "The GST Council is likely to be presented with a status report on rate rationalisation by the Group of Ministers (GoM). The GoM is likely to inform that discussions need to start afresh on rates, slabs, merger of slabs, simpler rate structures, and correction of the inverted duty structure."

Government to set up a committee to suggest a robust social security framework for gig workers
Government to set up a committee to suggest a robust social security framework for gig workers

Labour minister Mansukh Mandaviya on Wednesday chaired a meeting with aggregators and urged them to complete the registration of all gig and platform workers on the e-Shram Portal within the next three months, saying a comprehensive database will help extend benefits of various government schemes to these workers.

Cabinet approves establishment of NCoE for Animation, Visual Effects, Gaming, Comics and Extended Reality
Cabinet approves establishment of NCoE for Animation, Visual Effects, Gaming, Comics and Extended Reality

This will be set up as a Section 8 company under the Companies Act, 2013 in India, with FICCI and CII representing the industry bodies as partners with the Centre

Ministry of Corporate Affairs announces new rules for mergers involving foreign companies
Ministry of Corporate Affairs announces new rules for mergers involving foreign companies

The new rules stipulate important changes for companies involved in mergers and amalgamations, especially when dealing with foreign entities.

Visa fraud racket busted in Ludhiana: How US embassy helped unfold case
Visa fraud racket busted in Ludhiana: How US embassy helped unfold case

India has seen a sharp rise in immigration scams over the past few years, with dishonest agents taking advantage of people hoping to study, work, or migrate abroad

Banking system low-cost deposits could decline further, says SBI chairman Setty
Banking system low-cost deposits could decline further, says SBI chairman Setty

SBI’s Casa ratio stood at 40.7% as on 30 June, down from 42.9% from the same period last year. Its loan book expanded by a robust 15.4% year-on-year, outpacing deposit growth of 8.2% in the June quarter.

India becomes 6th largest market in MSCI ACWI, tops emerging markets list
India becomes 6th largest market in MSCI ACWI, tops emerging markets list

China's weight has fallen by half since peaking in early 2021, while India's has more than doubled during this period

FM Nirmala Sitharaman Launches NPS Vatsalya: All You Need to Know About this Pension Scheme
FM Nirmala Sitharaman Launches NPS Vatsalya: All You Need to Know About this Pension Scheme

Parents can subscribe to NPS Vatsalya online or visiting a bank or post office.

India permits fresh areca nut imports without MIP condition from Bhutan
India permits fresh areca nut imports without MIP condition from Bhutan

India has allowed the import of fresh green areca nut from Bhutan without a minimum import price condition through additional land customs stations in Odisha and Assam. This follows the government's 2022 decision to permit the annual import of 17,000 tonnes of green areca nut from Bhutan, bypassing the earlier price restriction.

India's new machinery safety rules to impact more than 150,000 manufacturers, experts say
India's new machinery safety rules to impact more than 150,000 manufacturers, experts say

The regulation is set to come into effect from August 2025

Create, register partition deed for legally binding property division
Create, register partition deed for legally binding property division

To make the division legally binding, the partition deed must be registered with the relevant authority

India's wheat curbs insufficient; traders demand stock release
India's wheat curbs insufficient; traders demand stock release

India's recent measures to curb wheat stock limits for traders and processors have not been effective in reducing prices. With festival season approaching, industry officials urge the government to release wheat stocks to meet rising demand and stabilize prices. Wheat prices remain high, with further increases expected if government action is delayed.

What the exploding pagers of Lebanon reveal about new age warfare
What the exploding pagers of Lebanon reveal about new age warfare

It used to be a terrorist tactic. Taking the battle to the streets – through conventional and cyber means – has now been normalised.

Cabinet approves continuation of PM-AASHA to provide better prices to farmers
Cabinet approves continuation of PM-AASHA to provide better prices to farmers

The government has approved the continuation of the PM-AASHA scheme with an outlay of Rs 35,000 crore. This initiative aims to provide better prices to farmers and control price volatility of essential commodities for consumers. The scheme integrates various components like Price Support Scheme, Price Stabilization Fund, and Market Intervention Scheme.

NPS Vatsalya launched for kids: Know investment amount, eligibility, & more
NPS Vatsalya launched for kids: Know investment amount, eligibility, & more

NPS Vatsalya is an extension of the existing National Pension Scheme (NPS) but focuses on children

Govt to increase wheat allocation under PMGKAY from October
Govt to increase wheat allocation under PMGKAY from October

The government has increased wheat allocation under the Pradhan Mantri Garib Kalyan Anna Yojana from October to stabilize prices. An additional 3.5 million tonnes of wheat will be provided until March 2025. This move follows last year's bumper production and aims to address issues faced by beneficiaries due to previous reductions in wheat supply.

GST council to review GoM reports on rate rationalisation and real estate in 54th meet
GST council to review GoM reports on rate rationalisation and real estate in 54th meet

Sources say, "The GST Council is likely to be presented with a status report on rate rationalisation by the Group of Ministers (GoM). The GoM is likely to inform that discussions need to start afresh on rates, slabs, merger of slabs, simpler rate structures, and correction of the inverted duty structure."

No rollback on windfall tax, mechanism to stay: Sources
No rollback on windfall tax, mechanism to stay: Sources

Sources in the know told CNBC-TV18 that policy decisions are not made in advance

FM Nirmala Sitharaman launches NPS Vatsalya Scheme | Live
FM Nirmala Sitharaman launches NPS Vatsalya Scheme | Live

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Ministry of Corporate Affairs announces new rules for mergers involving foreign companies
Ministry of Corporate Affairs announces new rules for mergers involving foreign companies

The new rules stipulate important changes for companies involved in mergers and amalgamations, especially when dealing with foreign entities.

Mint Explainer: What sparks family feuds in Indian corporations?
Mint Explainer: What sparks family feuds in Indian corporations?

Though family-run businesses are ubiquitous in India, a staggering 97% lack formal family constitutions or succession planning, according to a 2018 report by BAF Consultants.

67% of equity MFs outperform respective benchmarks in August 2024
67% of equity MFs outperform respective benchmarks in August 2024

For the month ended August, 2024, monthly returns of Nifty 50 TRI, Nifty Midcap 150 TRI & Nifty Small Cap 250 TRI were 1.74%, 0.90% & 1.17% respectively.

Niti Aayog CEO says Indian economy can double by 2030, climate change an opportunity for India
Niti Aayog CEO says Indian economy can double by 2030, climate change an opportunity for India

Niti Aayog CEO BVR Subrahmanyam says India can easily double size of its economy, climate change an opportunity to become a leader in climate technology

Airtel's Wynk closure may disrupt music streaming industry, trigger shift to paid subscriptions
Airtel's Wynk closure may disrupt music streaming industry, trigger shift to paid subscriptions

Platforms must also differentiate themselves through user experiences and support for independent artists. Experts highlight the need for exclusive content to attract value-conscious consumers.

Income Tax Department Hikes Threshold for Filing Appeals in Courts, Tribunal by Tax Officers
Income Tax Department Hikes Threshold for Filing Appeals in Courts, Tribunal by Tax Officers

Tax authorities can file appeals before the ITAT, high courts and Supreme Court, if the disputed tax demand exceeds Rs 60 lakh, Rs 2 crore and Rs 5 crore.

Report moots national policy, fiscal support to boost bioplastics sector
Report moots national policy, fiscal support to boost bioplastics sector

EY-ASSOCHAM report suggests ways to enhance domestic production, application, recycling of bioplastics

Deepika Padukone's firm KA Enterprises buys luxury Bandra flat for Rs 18 cr
Deepika Padukone's firm KA Enterprises buys luxury Bandra flat for Rs 18 cr

In the same month, Anju Bhavnani, mother-in-law of Deepika Padukone and mother of Ranveer Singh, acquired the adjacent apartment for Rs. 19.13 crore.