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business

EAM Jaishankar meets US Secretary of state in New York amid H-1B fee hike and tariff tensions

External Affairs Minister S Jaishankar and US Secretary of State Marco Rubio agree that sustained engagement is vital as bilateral strains rise over H-1B visa cost hikes and trade tariffs.

EU unveils wide-ranging plan to strengthen partnership with India in trade, technology and defense

The European Union’s new roadmap aims to fast-track a free trade pact, expand defence cooperation and deepen ties in emerging technologies and global connectivity.

EU trade and agriculture commissioners to be in Delhi this week for India–EU FTA talks

European Commissioners Maroš Šefcović (Trade) and Christophe Hansen (Agriculture) will lead a 30-member delegation to negotiate key issues such as rules of origin, market access, and non-tariff barriers with India, aiming to finalize a free trade agreement by year-end.

Goods and Services Tax

GST tangle deepens: Food delivery faces 18% levy, ride-hailing apps still in grey zone

As Zomato and Swiggy brace for higher taxes, Uber, Ola and Rapido seek clarity on passenger GST under the subscription model.

Sensex and Nifty

Sensex, Nifty soar as GST overhaul sparks market rally

Two-slab tax structure hailed as game changer; investors bet on surge in consumption.

Goods and Services Tax

Tobacco cess to stay until pandemic loans repaid, GST Council clears two-slab structure

Finance Minister says tax overhaul puts ‘common man’ first as economists warn of revenue strain.

GST

GST 2.0 ushers in sweeping tax cuts and simpler two-slab regime from September 22

Council scraps 12% and 28% slabs, exempts life and health insurance, and slashes rates on household goods to ease burden on families and businesses.