Goods and services tax (GST) collections rose 10.3% to Rs 1,64,882 crore during December, driven by domestic sources, while the rise in mop-up from imported goods lagged. Latest data released by the finance ministry pegged collections from domestic sources to have increased 13% in December (for transactions in November). While Central and State GST rose … Read more
The move comes as Europe and the United States scramble to wean themselves off rare earths from China. File. China, the world’s top processor of rare earths, on December 21 banned the export of technology to extract and separate the strategic metals, as it overhauled a list of technologies deemed key to national security. The … Read more
China on Friday came out with strict regulations aimed at curbing spending and rewards that encourage video games. The decision is termed a major setback to the world’s biggest games market, which was still recovering from the brunt of the Covid-19 impact. As the word spread, panic was visible among investors, and as per a … Read more
India is looking to create special farm sector indices as part of a wider plan focused on targeted policy interventions to lift agri productivity and incomes after efforts to introduce reforms in the sector, through the later recalled farm laws, failed to take off. A senior government official told ET that the preparatory work had … Read more
The New York Times (NYT) is suing OpenAI and Microsoft, alleging that the company’s AI text generators ChatGPT and Copilot infringe on the newspaper’s copyrights. NYT claims that both ChatGPT and Copilot were trained on a massive dataset that included copyrighted New York Times articles. This, the Times argues, constitutes a clear violation of its … Read more
Handy list that I refer and update regularly. Now open to everyone.
Finance minister Nirmala Sitharaman on Wednesday said the request from Parliamentarians to raise the sales threshold for Goods and Services Tax (GST) registration can be looked into by the GST Council; however, she added that most small businesses ideally should be part of the GST chain. While replying to a discussion on the Central Goods … Read more
The Central Board of Direct Taxes (CBDT) has amended the Income Tax rules to liberalize the ‘safe harbour’ norms that allow multinational companies to avoid rigorous audit of their cross-border transactions by following certain requirements. The changes introduced through the Income-tax (Twenty-Ninth Amendment) Rules, 2023 will be effective from 1 April 2024, showed an official … Read more
Google has announced a slew of new features in India, including Lens in Maps. Google said that the features aim to build a richer and more comprehensive map localised for the needs of Indian users. Here are the new features: Eco-friendly commute using Maps Google has also revealed that a new fuel-efficient routing feature coming … Read more