The rate rationalisation this time will impact over 420 goods covering a vast range of sectors. The first two exercises to revamp the GST regime were much smaller in both range and impact.
Even without entering the debate on marriage equality, India’s laws are already punishing same-sex couples in small and large ways that are rarely discussed.
The tax officials will, of course, have a better understanding of what the revenue implications will be. But let them at least start thinking about expanding the definition.
Attempts are being made to link TCS with the tax deducted from taxpayers’ salaries. The CEA also backs the govt’s rationale for raising TCS rate to 20%
Prior to the clarification, all such non-medical, non-educational transactions would've attracted 20% TCS from 1 July. Govt imposing TCS on foreign credit card spends was widely criticised.
Pakistan finance minister's support for Shehbaz Sharif govt's call to tax the rich is a relief to those who were promised it during Imran Khan's reign.
In 'Her Stories: Indian Women Down the Ages’, Deepti Priya Mehrotra recounts women from Indian history whose contributions have been all but forgotten.
The cost of childcare in China is now higher than US, France, Japan and Germany. Thanks to years of state-driven one-child policy and falling fertility rate.
Industry says manufacturers have 2-4 weeks of buffer stocks, but prolonged disruption could push up shortage risks, especially of consumables like IV and syringes.
French newspaper La Tribune earlier last week indicated that UAE withdrew from deal to fund EUR 3.5 billion. India is looking to order 114 new Rafales, which could include the F5.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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