Finance Minister Nirmala Sitharaman announced upcoming GST reforms aimed at creating a more open and transparent economy, reducing compliance burdens for small businesses. The proposed changes include simplifying the tax slab structure, streamlining registration and filing processes, and addressing rate concerns across various industries.
Related news
The U.S. sanctioned three Palestinian human rights organizations for allegedly instigating the International Criminal Court's (ICC) investigation into Israel, according to the Treasury Department. Secretary Rubio stated the groups targeted Israeli nationals without consent, prompting the action. The ICC's later arrest warrants for Israeli and Hamas leaders over war crimes allegations further fueled the controversy.
Gold prices soared to a record high of Rs 1,05,670 per 10 grams in the national capital, marking the sixth consecutive session of gains. The surge was fueled by expectations of a US Federal Reserve rate cut and strong overseas demand. Silver prices also reached a new peak of Rs 1,26,000 per kilogram, driven by industrial demand and speculative interest.
Amid escalating attacks on Ukraine, US Treasury Secretary Scott Bessent indicated that all options are on the table, including further sanctions against Russia. He downplayed the significance of the SCO summit and criticized India's purchase and resale of Russian oil, accusing them of financing the war.
Bill Belichick, renowned for his NFL coaching success and six Super Bowl wins with the Patriots, boasts an estimated net worth of $70 million. His recent move to North Carolina involves a five-year contract worth $10 million annually, supplemented by endorsements and real estate investments across the country, solidifying his financial legacy.
Cloudbursts struck Uttarakhand's Rudraprayag and Chamoli districts on Thursday night, trapping families and causing injuries. Debris flows blocked areas, prompting urgent rescue operations. Chief Minister Pushkar Singh Dhami is overseeing relief efforts and coordinating with officials. This is the second cloudburst to hit the region this week, following earlier damage in Chamoli.
West Bengal CM Mamata Banerjee accused the BJP-led Union government of compromising India's prestige by allegedly "begging" before foreign powers like the US and China. During a state assembly discussion on attacks against Bengali migrants, Banerjee alleged the BJP has a dictatorial mindset and aims to turn West Bengal into its colony.
The BJP has strongly condemned Rahul Gandhi and Tejaswi Yadav after a video surfaced from a Bihar rally allegedly showing offensive language used against PM Modi and his late mother. The BJP accused the opposition leaders of stooping to the lowest form of politics, crossing all boundaries of insult and vulgarity. The party stated that the people of Bihar would not forgive them.
Donald Trump expressed his disagreement with a US federal court ruling that deemed his global tariffs "illegal." While the court's decision allows the tariffs to remain temporarily, pending a potential Supreme Court appeal, Trump vehemently criticised the ruling as "incorrect." He warned that removing the tariffs would be a "total disaster" for the US economy and vowed to fight back.
FM Nirmala Sitharaman emphasized that companies must pass on GST rate reductions to consumers. Effective September 22, these reforms aim to benefit the common man, farmers, and small businesses. The government is closely monitoring prices and working with industries to ensure full transfer of gains.
Indian cricket team's jersey manufacturer Adidas is offering massive discounts, up to 80%, on Indian cricket team jerseys, bringing the price down to as much as Rs 1,199. This follows Dream11's early exit as the team's sponsor due to new online gaming regulations.