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The GST council has proposed steep increases in consumer levies on luxury electric cars priced above $46,000, a government document showed, a move that could impact sales of carmakers such as Tesla, Mercedes-Benz, BMW and BYD. Prime Minister Narendra Modi is aiming to reform India’s tax system and is pushing Indian customers to buy more…
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States will remain “net gainers” of the proposed GST rate rationalisation exercise with their GST revenues, including devolution, estimated to be over ₹14.10 lakh crore this fiscal, according to an SBI Research report released on Tuesday (September 2, 2025). It said that, as was evidenced in the earlier exercise of GST rate rationalisation in 2018…
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The new rules have been issued after SEBI observed growing instances of outsized intraday Future Equivalent. File. | Photo Credit: Reuters Markets regulator SEBI came out with a new framework for monitoring intraday positions in equity index derivatives, a move aimed at preventing risks caused by large exposures. Under the new framework, the net intraday…
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Britain’s newly announced leader of the Green Party, Zack Polanski, speaks following the announcement of the results of an internal leadership election, at a media event in central London on September 2, 2025. | Photo Credit: AFP Britain’s Green Party elected a self-styled “eco-populist” as its new leader on Tuesday (September 2, 2025), as it…
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Aerial view of the Outeiro port at the Para river in Belem, Para State, Brazil on August 25, 2025. Brazil will host the UN climate conference COP30 in November in the Amazonian city of Belem. | Photo Credit: AFP Instead of big-ticket announcements, the forthcoming edition of the U.N. climate summit is expected to focus…
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