FM Sitharaman highlights GST's role in cooperative federalism
She clarified that states receive 100 per cent of the State GST (SGST) collected within their jurisdiction, approximately 50 per cent of the Integrated GST (IGST) on inter-state transactions, and a substantial portion of the Central GST (CGST) based on recommendations from the Finance Commission.News Arena Network - New Delhi - UPDATED: May 7, 2024, 12:57 AM - 2 mins read
Economy
See AllMay 20, 2024, 12:04 AM - 2 mins read
The closure is in line with the BSE market holiday calendar, which aligns with the Lok Sabha polls in Mumbai. As a result, all trading activities across the equity, derivative, and SLB segments will remain suspended for the day.
Read moreMay 19, 2024, 10:47 PM - 3 mins read
China, as the largest economy within the RCEP, is committed to working closely with other member countries to fully realize the benefits of the agreement, ensuring win-win cooperation for all, experts emphasized at the forum.
Read moreMay 18, 2024, 09:01 PM - 2 mins read
He outlined four key pillars that the ministry is focusing on to improve the cost and ease of doing business: developing port-based industrial clusters, investing in the maritime sector, ensuring successful PPPs, and promoting multi-modal transportation.
Read moreMay 17, 2024, 10:36 PM - 3 mins read
In preparation for the refinancing, OYO has already moved its application with markets regulator SEBI to withdraw its current draft red herring prospectus (DRHP). The company intends to refile an updated version of the DRHP, after the bond issuance.
Read moreMay 17, 2024, 10:10 PM - 3 mins read
Among the Sensex components, Power Grid, Nestle, Asian Paints, IndusInd Bank and Tata Steel were the major gainers. JSW Steel and Axis Bank were the laggards.
Read moreMay 17, 2024, 07:54 AM - 2 mins read
Under the new policy, auto companies in India can apply for incentives by committing to substantial investments. “They can apply under the new policy for an import license for a certain number of EVs, and in order to qualify, they will have to commit to us the investments,” the official stated.
Read moreMay 17, 2024, 04:25 AM - 1 min read
Leading the charge, IT stocks saw substantial gains, buoyed by strong quarterly earnings and positive outlooks from major tech firms. Financial stocks also performed well, with several banks and financial institutions reporting better-than-expected results.
Read moreMay 17, 2024, 04:01 AM - 3 mins read
Prime Minister Modi's remarks during the India Today interview sparked significant discussion on social media, with many applauding his stance on critical issues such as wealth creation and income inequality.
Read moreMay 17, 2024, 01:58 AM - 3 mins read
"Manufacturing must increase, India must also increase manufacturing with the help of policies, its share in manufacturing in global value chains. So we need to have greater sophistication in our product manufacturing, and we also need to see how this can be given the best policy support," said the Union Minister.
Read moreMay 17, 2024, 12:12 AM - 2 mins read
The Nifty Auto index surged nearly 2 percent, driven by significant gains in Mahindra & Mahindra (M&M) and Tata Motors. Shares of M&M jumped over 6 percent following strong Q4 FY24 results, prompting optimism from multiple brokerages about the company's future prospects. Conversely, IT stocks were the major laggards in today's session.
Read moreMay 17, 2024, 12:00 AM - 2 mins read
The BHU study, conducted between January 2022 and August 2023, found that serious AESIs, including stroke and Guillain-Barre syndrome, were reported in 1 percent of the individuals. The study highlighted that nearly 50 percent of participants experienced infections during the follow-up period, predominantly viral upper respiratory tract infections.
Read moreMay 16, 2024, 09:13 PM - 3 mins read
The world economy is now forecast to grow by 2.7 per cent in 2024 (an increase of 0.3 percentage points from the forecast in January) and 2.8 per cent in 2025 (an increase of 0.1 percentage points).
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