GST Council meet key decisions: No GST on bank penal charges, clarity on tax rate on popcorn & more – top announcements

[ad_1] GST council has sanctioned a rate increase to 18% from 12% for transactions involving the sale of old and used cars. GST Council Meeting Highlights: The 55th GST council meeting, chaired by Finance Minister Nirmala Sitharaman, announced several significant tax reforms on Saturday. The council approved GST exemption for payment aggregators handling transactions below…

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Ex-finance minister Arun Jaitley had given go-ahead to clean up bad loans, says Raghuram Rajan

[ad_1] MUMBAI: Former finance minister Arun Jaitley had encouraged Raghuram Rajan to take decisive action on cleaning up bad loans of Indian banks, the former RBI governor said in a recent interview to a news portal and asserted that the build-up of non-performing assets (NPAs) in the banking sector, worsened by corruption, delayed clearances, and…

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Starbucks workers expand strike across several US cities

[ad_1] Starbucks workers have extended their ongoing strike to four more cities, including New York, according to the union that represents more than 10,000 coffee shop workers, on Saturday.The strike stemmed from failed negotiations between Starbucks and union representatives, with disputes over wages, staffing levels, and work schedules remaining unresolved.According to news agency Reuters, the…

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