05 Mar 2024 05:57 PM
New

Make tax system more open, efficient: Nirmala Sitharaman to officials

Source: https://www.livemint.com/economy/make-tax-system-more-open-efficient-nirmala-sitharaman-to-officials-11709571267542.html

New Delhi: Finance minister Nirmala Sitharaman on Monday asked Goods and Service Tax (GST) officials to work towards making the tax regime more transparent and efficient, while also leveraging technology to step up user experience and preventing evasion.

04 Mar 2024 05:49 PM
New

‘India worse than Pakistan,’ Rahul Gandhi accuses PM Modi of ‘finishing’ small businesses

Source: https://www.livemint.com/news/india/india-worse-than-pakistan-rahul-gandhi-accuses-pm-modi-of-finishing-small-businesses-11709451385243.html

Rahul Gandhi believes Prime Minister Narendra Modi has “finished" small businesses in India. He, during a speech in Madhya Pradesh, was speaking about India's unemployment woes. He mentioned that India’s unemployment had surpassed Pakistan, Bangladesh and Bhutan.

02 Mar 2024 05:31 PM
New

Ministry of Finance: ₹1.68 Trillion GST Collection Surpasses Expectations

Source: https://taxguru.in/goods-and-service-tax/ministry-finance-gst-collection-feb-2024-analysis.html

The Ministry of Finance recently announced impressive figures regarding the Goods and Services Tax (GST) revenue collection for February 2024. With a substantial increase in collections compared to the previous year, the data underscores positive economic trends and fiscal stability. This article delves into the specifics of the announcement, analyzing the figures and their implications.

02 Mar 2024 05:25 PM

Improved tax collections, manufacturing bolster India's economic growth credentials

Source: https://www.livemint.com/economy/gst-pmi-numbers-bolster-indias-economic-growth-credentials-11709300923980.html

New Delhi: The Indian economy's sharp acceleration in the December quarter has been bolstered by equally impressive tax collections and growing momentum in manufacturing.

01 Mar 2024 06:14 PM

General Elections 2024: Investing before polls can be strategically advantageous, says Franklin Templeton

Source: https://www.livemint.com/market/stock-market-news/general-elections-2024-investing-before-polls-advantageous-says-franklin-templeton-lok-sabha-elections-narendra-modi-11709180363143.html

With India on the brink of a pivotal election and incumbent Prime Minister Narendra Modi vying for a historic third term, investment management company Franklin Templeton (FT) observed that investing before elections can be strategically advantageous.

01 Mar 2024 06:20 PM

Real money gaming sector pulling back on ads

Source: https://www.livemint.com/news/india/real-money-gaming-sector-pulling-back-on-ads-11709217575042.html

New Delhi: The structural changes taking place in the gaming industry are likely to have a significant impact on the advertising world by the end of FY24. Ad spends in India are expected to grow at a slower pace of 6%, down from 12% in the previous year, by the close of the year touching $16-17 billion. A decline in consumer spending over the past five to six quarters has reduced private equity and venture capital funding for various sectors. There has also been the drastic impact of the implementation of 28% GST on online gaming, according to a new report from RedSeer.

01 Mar 2024 06:23 PM

State-level rumbles in the Indian federation: Can the 16th FC help?

Source: https://www.livemint.com/opinion/online-views/statelevel-rumbles-in-the-indian-federation-can-the-16th-fc-help-11709207501212.html

These are tumultuous times, with the resurgence of farmer unrest. Earlier in February, there was a state rebellion about unfair fiscal treatment by the Union government which was more worrying, and not just because the chief ministers of aggrieved states staged a street protest in Delhi.

27 Feb 2024 05:34 PM

Mint Explainer: Why auto industry is divided on tax breaks for hybrid vehicles

Source: https://www.livemint.com/industry/mint-explainer-why-auto-industry-is-divided-on-tax-breaks-for-hybrid-vehicles-11709012318942.html

Top automakers are divided on the Indian government's tax policy on hybrid cars. While Maruti Suzuki and Toyota advocate for lower taxes for hybrids to encourage their adoption, Tata Motors, Mahindra, and Hyundai argue against any preferential tax treatment for these vehicles.

26 Feb 2024 05:56 PM

Mint Explainer: What does the latest survey of household consumption spending reveal?

Source: https://www.livemint.com/news/india/mint-explainer-what-does-the-latest-survey-of-household-consumption-spending-reveal-11708928884755.html

A person living in rural India spent ₹3,773 a month on average as consumption expenditure in 2022-23 while her urban counterpart spent ₹6,459, the Ministry of Statistics and Programme Implementation’s (MOSPI’s) National Sample Survey Office (NSSO) estimated after a nationwide study of households’ spending patterns.

22 Feb 2024 06:03 PM

‘What kind of Ram Rajya is this’? — Rahul Gandhi hits out at PM Modi in Kanpur, says 90% of population not getting jobs

Source: https://www.livemint.com/news/india/what-kind-of-ram-rajya-is-this-rahul-gandhi-hits-out-at-pm-modi-in-kanpur-says-90-of-population-not-getting-jobs-11708527629827.html

Accusing discrimination against Dalits and other backward classes in Prime Minister Narendra Modi’s Ram Rajya, former Congress president and Wayanad MP Rahul Gandhi on Wednesday said the Centre has failed to generate enough employment opportunities for the downtrodden constituting "90 per cent of the population," in the country, news agency PTI reported.