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Representative image | Photo Credit: Getty Images/iStockphoto The airline industry has slammed the decision to raise GST on premium economy and business class air travel, which has been raised from 12% to 18% as “disappointing” “This increase runs counter to the efforts of Indian carriers, which have been investing in their premium products to enhance…
Read More “Increase in GST for premium air travel disappointing: IATA” »
The 30-share Sensex settled 150.30 points or 0.19%, higher at 80,718.01 and the 50-share NSE Nifty ended marginally higher by 19.25 points or 0.08%, at 24,734.30. File | Photo Credit: Reuters Stock markets rose for the second consecutive day on Thursday (September 4, 2025), with the benchmark BSE Sensex closing higher by 150 points after…
Read More “Stock markets advance for second day after GST rate cut; M&M spurts nearly 6%” »
The dollar index, which gauges the greenback’s strength against a basket of six currencies, was up 0.08% to 98.21. Representational file image. | Photo Credit: Reuters The rupee fell 12 paise to close at 88.14 (provisional) against the U.S. dollar on Thursday (September 4, 2025) amid sustained foreign fund outflows and a stronger greenback. However,…
Read More “Rupee falls 12 paise to close at 88.14 against U.S. dollar” »
Since its inception in July 2017, GST at the rate of 18% is levied on premium paid towards health insurance. (Image used for representation purpose only) | Photo Credit: Getty Images/iStock Photo Terming the GST Council’s decision to exempt insurance premium from the indirect tax as a landmark move, insurers said this will help make…
Finance Minister Nirmala Sitharaman on Wednesday (September 3, 2025) unveiled tax cuts for hundreds of consumer items – from soap to cars – in the biggest overhaul of the Goods and Services Tax (GST), set to take effect from September 22. Briefing reporters after a marathon daylong GST Council meeting, Ms. Sitharaman said all decisions…
Read More “GST Revamp: Who benefits? Full item-wise roundup” »
Gold prices retreated from record highs by plunging ₹1,000 to ₹1,06,070 per 10 grams in the national capital on Thursday (September 4, 2025), as traders booked profits in tandem with a weak trend in global markets. The precious metal of 99.9% purity had settled at ₹1,07,070 per 10 grams, its all-time high level on Wednesday…
Read More “Gold drops ₹1,000 to ₹1.06 lakh/10 gram on profit booking, global jitters” »
All individual life insurance policies, whether term life, ULIP or endowment policies and subsequent reinsurance are exempt from GST, Finance Minister Nirmala Sitharaman on September 3, 2025. (Representational image) | Photo Credit: Getty Images/iStock Photo Insurance stocks were in heavy demand on Thursday (September 4, 2025), with Star Health surging over 9%, as life insurance…
Benchmark equity indices Sensex and Nifty surged in early trade. File Benchmark equity indices Sensex and Nifty surged in early trade on Thursday (September 4, 2025) as investors became cheerful after the GST Council approved a complete overhaul of the tangled Goods and Services Tax regime. The 30-share BSE Sensex jumped 888.96 points to 81,456.67…
Read More “GST overhaul fuels stock markets rally; Sensex jumps nearly 900 points” »
GST reforms to provide relief to families, ease compliance for businesses: India Inc India Inc on Thursday hailed the GST Council’s “forward-looking decisions” — moving to two rates of 5 per cent and 18 per cent from 22 September, simplifying refunds and MSME procedures, and exempting individual life and health insurance from the indirect tax…
Read More “GST Council meeting LIVE: Industry bodies hail two-rate slab and other reforms” »
Image for representation only | Photo Credit: Getty Images/iStock The Maharashtra cabinet on Wednesday (September 4, 2025) gave its approval to amend laws that will allow increasing the maximum daily working hours for private sector employees from the present nine to 10 hours. The move is aimed at attracting investments, generating employment and safeguarding workers’…