AI, capital, startups & reforms will drive India’s growth to $8 trillion: Infosys’ Nandan Nilekani
  • 13 Mar 2025 05:38 PM
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AI, capital, startups & reforms will drive India’s growth to $8 trillion: Infosys’ Nandan Nilekani

Source: https://www.livemint.com/economy/ai-capital-startups-reforms-will-drive-india-s-growth-to-8-trillion-infosys-nandan-nilekani-11741788488305.html

India can accelerate to an $8 trillion economy by 2035 by unlocking AI, digital public infrastructure, capital access, entrepreneurship, and policy reforms, says Infosys co-founder Nandan Nilekani.

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India’s GDP growth revisions shouldn’t raise eyebrows: They’re routine
  • 12 Mar 2025 06:09 PM
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India’s GDP growth revisions shouldn’t raise eyebrows: They’re routine

Source: https://www.livemint.com/opinion/online-views/india-gdp-growth-revisions-gdp-estimates-gdp-growth-rate-gst-goods-and-services-tax-gross-domestic-product-nso-nss-data-11741689547635.html

The National Statistical Office (NSO) recently released the first revised estimates of India’s gross domestic product (GDP) for 2023-24, revising the GDP growth rate at constant prices from the earlier provisional estimate of 8.2% to 9.2%.

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GST rate cut soon, tax review in final stages, says FM Nirmala Sitharaman
  • 10 Mar 2025 06:44 PM
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GST rate cut soon, tax review in final stages, says FM Nirmala Sitharaman

Source: https://www.livemint.com/economy/gst-rate-cut-soon-tax-review-in-final-stages-says-fm-11741446945278.html

Sitharaman said that the ministerial group set up by the GST Council has done excellent work, which is in final stages now and that the minister would take one more look at the proposals and take it to the federal indirect tax body for decision making.

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FHRAI urges govt to delink food and beverage GST rates from room tariffs
  • 10 Mar 2025 06:51 PM

FHRAI urges govt to delink food and beverage GST rates from room tariffs

Source: https://www.livemint.com/companies/news/fhrai-urges-govt-to-delink-food-and-beverage-gst-rates-from-room-tariffs-11741510754769.html

New Delhi, Mar 9 (PTI) The Federation of Hotel & Restaurant Associations of India (FHRAI) on Sunday pitched for delinking the GST on food & beverage services from accommodation charges in hotels.

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When do you have to register for GST as a professional landlord?
  • 06 Mar 2025 06:15 PM

When do you have to register for GST as a professional landlord?

Source: https://www.livemint.com/money/personal-finance/gst-on-commercial-rent-india-rental-income-gst-rules-gst-registration-for-landlords-reverse-charge-mechanism-gst-11741249961657.html

Are you a landlord who earns rental income from commercial properties? If your earnings cross a certain threshold a year, you may have to register for the Goods and Services Tax (GST) and start charging tax on rent.

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Relief for Indigo: No additional tax on aircraft parts re-imported following repairs, says Delhi HC
  • 04 Mar 2025 06:28 PM

Relief for Indigo: No additional tax on aircraft parts re-imported following repairs, says Delhi HC

Source: https://www.livemint.com/companies/relief-for-indigo-airlines-delhi-hc-strikes-down-integrated-gst-igst-re-imported-aircraft-parts-repairs-11741084058753.html

The court declared as unconstitutional a part of the 2021 customs department exemption notification that required payment of integrated GST, or IGST, and cess on the repair cost of goods re-imported into India after being sent abroad for maintenance

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Mohandas Pai dismisses ‘silly’ Mahakumbh Mela GST collection claim, netizens say ‘you mean hotels and travel were free’
  • 04 Mar 2025 06:22 PM

Mohandas Pai dismisses ‘silly’ Mahakumbh Mela GST collection claim, netizens say ‘you mean hotels and travel were free’

Source: https://www.livemint.com/news/trends/mohandas-pai-dismisses-silly-mahakumbh-mela-gst-collection-claim-netizens-say-you-mean-hotels-and-travel-were-free-11741073775604.html

Former Infosys CFO Mohandas Pai dismissed allegations of false GST collections during Kumbh Mela 2025, stating much of the revenue generated does not fall under GST. He said that the actual GST collection figures are still pending.

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Indian stock market: 15 key things that changed for market over weekend - Gift Nifty, India GDP growth to Bitcoin price
  • 03 Mar 2025 06:32 PM

Indian stock market: 15 key things that changed for market over weekend - Gift Nifty, India GDP growth to Bitcoin price

Source: https://www.livemint.com/market/stock-market-news/indian-stock-market-15-key-things-that-changed-for-market-over-weekend-gift-nifty-india-gdp-growth-to-bitcoin-price-11740940764893.html

Indian stock market: Gift Nifty was trading around 22,365 level, a premium of nearly 85 points from the Nifty futures’ previous close, indicating a positive start for the Indian stock market indices.

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Relief for overtaxed beverages would spell economic gains for India
  • 03 Mar 2025 06:34 PM

Relief for overtaxed beverages would spell economic gains for India

Source: https://www.livemint.com/opinion/online-views/overtaxed-indian-beverages-pepsi-coca-cola-coke-mountain-dew-red-bull-energy-drinks-fruit-juice-sugarfree-simplify-gst-11740742589166.html

India’s taxation framework for non-alcoholic beverages stands out as one of the most onerous in the world. With the introduction of the goods and services tax (GST) in 2017, the central government intended to simplify multiple indirect taxes and foster a uniform market.

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