Indian equities kicked off last week on a high, with the GST Council’s sweeping tax cuts sparking hopes of a broad rally. However, the rally fizzled out as quickly as it started. By Friday, the Nifty gave up much of its early gains. The GST Council’s move to simplify tax rates and lower levies on…
Shares of Delta Corp and Nazara Technologies came under pressure, falling up to 7% on Thursday after the Goods and Services Tax (GST) Council approved a steep 40% tax on casinos, betting, and online money games, a move that threatens to weigh heavily on the country’s listed gaming and casino companies. Delta Corp shares tumbled…
December 2, 2024December 2, 2024 Finance Minister Nirmala Sitharaman has stated that the cost of health and life insurance may decrease if the GST Council decides to lower the taxes on premiums. Finance Minister Nirmala Sitharaman said the insurance cost could decrease if the GST Council recommends reducing GST…
November 15, 2024November 15, 2024 Finance Minister Nirmala Sitharaman will meet with her state counterparts for the 55th meeting of the GST Council on 21 December. At the meeting, state finance ministers will share their proposals for the 2025-26 Budget, which is scheduled to be presented on 1 February…