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Posted in Economy

India’s October Gross GST collections jump 22.9% to Rs 2.31 lakh crore

The Indian government collected Rs 2.31 lakh crore as gross goods and services tax (GST) in October, up 22.9% from the same month last year,…

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The FBI blamed North Korea for the $6.3 billion Binance hack as the exchange replaced 90% of stolen funds. (REUTERS/Dado Ruvic/Illustration)
Posted in Business

Binance to resume withdrawals after $6 billion hack attempt

Binance said it would resume withdrawals in phases on Sunday, two days after hackers attempted to drain more than $6 billion from the crypto exchange…

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Posted in Economy

Fuel, forex and farmers: Why India is betting big on maize

In 2021–22, India exported 3.7 million tonnes of maize. Just three years later, exports had fallen to nearly half, despite a significant increase in production….

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Posted in Economy

CBDT tightens merger rules for charity trusts, imposes five-year curbs on changing objectives

New Delhi: Charitable trusts and non-profit organisations planning to merge will now have to follow stricter rules, including a five-year restriction on altering their objectives…

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Amitabh Kant pitches for development model with rural communities as producers, innovators

New Delhi: Former NITI Aayog CEO Amitabh Kant on Saturday pitched for a development model where rural communities are seen as producers and innovators, asserting…

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Centre releases addition instalment of tax devolution of Rs 1.09 lakh crore to states
Posted in Economy

Centre releases addition instalment of tax devolution of Rs 1.09 lakh crore to states

New Delhi: The Centre on Saturday released additional instalment of tax devolution to state governments totalling over Rs 1.09 lakh crore. This is in addition…

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GST reforms: Easier registration for small e-commerce sellers, faster refunds to take effect Nov 1

New Delhi: Simplified GST registration for small sellers on e-commerce platforms, unified documentation for GST registration, faster refunds, and easier norms for post supply discounts…

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Posted in Economy

India extends cotton import duty exemption till December 31

The government extended the customs duty exemption on cotton imports by two months until December 31, in a move aimed at ensuring adequate raw material…

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Posted in Economy

Commerce ministry sets up committee for better utilisation of RELIEF initiative for exporters

New Delhi: The commerce ministry has set up a six-member committee for better utilisation of funds and improved uptake of the RELIEF initiative for exporters….

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Indian households shifting spending towards non-food items, services as consumption patterns evolve: Report

New Delhi: Indian household consumption is likely to become increasingly diversified, with spending gradually moving beyond food essentials towards non-food products and services, as changing…

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