Business Standard - March 29, 2023Add to Favorites

Business Standard - March 29, 2023Add to Favorites

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In this issue

March 29, 2023

GST rate rationalisation unlikely before 2024 polls

Overhaul of the goods and services tax (GST) structure, including possible changes in the tax slabs, may now be taken up only after the 2024 Lok Sabha elections, given the number of states that are going to the polls in its run-up.

GST rate rationalisation unlikely before 2024 polls

2 mins

Raise rate by 25 bps, economists tell RBI

But say liquidity stance should be flexible at Apr 3-6 meet

Raise rate by 25 bps, economists tell RBI

2 mins

DMRC assets to get legal buffer

After a warning from the judiciary, the Centre has moved to amend the Metro Railways Act to protect Delhi Metro Rail Corporation's (DMRC's) assets from being attached.

DMRC assets to get legal buffer

1 min

Fallacy to think India immune to global events, says Meta India head

Amid grim global economic scenario, it would be a fallacy to think that India would be immune to global events, Meta India head Sandhya Devanathan said on Tuesday.

Fallacy to think India immune to global events, says Meta India head

1 min

Jio wages price war in fixed-line broadband

Reliance Jio has taken a disruptive call in the fixed broadband space by offering an entry-level unlimited 10 mbps home broadband service for just ₹198 a month, slashing their earlier entry price of ₹399 (for 30 Mbps). Analysts say that the offer will lead to a price war with rival Bharti Airtel whose minimum pack currently is ₹499. Bharti is expected to respond to Jio's gambit soon.

Jio wages price war in fixed-line broadband

2 mins

Reliance, Tatas, 9 others get ₹14K-cr solar PLI nod

Unlike the first round, this phase of solar PLI has three schemes

Reliance, Tatas, 9 others get ₹14K-cr solar PLI nod

2 mins

18 drug companies lose licence over spurious meds

Move comes after drug regulator conducts inspection on 76 pharma firms

18 drug companies lose licence over spurious meds

2 mins

EPFO rate raised by a tad to 8.15%

Launches e-passbook facility; members will now be able to view more details of their accounts in graphical representation

EPFO rate raised by a tad to 8.15%

2 mins

Impact of untimely rain on wheat crop marginal

On track to achieve FY24 procurement target, says FCI; no lifting of export ban

Impact of untimely rain on wheat crop marginal

3 mins

More BJP wins, more Oppn protests it will face: Modi

During UPA's 2004-14 rule, assets worth ₹5,000 cr seized under PMLA; during BJP rule it rose to ₹1.10 trn, says PM

More BJP wins, more Oppn protests it will face: Modi

1 min

House panel welcomes larger funds allocation

The first of a five-part series analyses the military's capex demand versus allocation. The recent report of the parliamentary standing committee on defence provides the backdrop

House panel welcomes larger funds allocation

2 mins

Alibaba to split into 6 units that may pursue IPOs

Alibaba Group plans to split into six units and explore fundraisings or listings for most of them, it said on Tuesday, in a major revamp as Beijing vows to ease a sweeping regulatory crackdown and support its private enterprises.

Alibaba to split into 6 units that may pursue IPOs

1 min

Recommendations to voting: Blue tick shake-up at Twitter

Twitter's \"For You\" feed, the default view for users of the social network, will no longer recommend content from accounts that aren't verified, owner Elon Musk tweeted.

Recommendations to voting: Blue tick shake-up at Twitter

1 min

65% from 85%: Bonus slashed for Meta staff

Facebook owner Meta Platforms Inc is planning to lower bonus pays for some employees, and assess staff performance more frequently, as a part of a larger restructuring, the Wall Street CI Journal reported on Tuesday, citing an internal memo.

65% from 85%: Bonus slashed for Meta staff

1 min

China spent $240 bn to bail out nations with Belt & Road loans

Beijing now fast catching up with the IMF as a lender of last resort

China spent $240 bn to bail out nations with Belt & Road loans

2 mins

Supporting Ukraine

New IMF loan raises questions

2 mins

Bank runs and resolutions

The collapse of Silicon Valley Bank and the swift intervention by the US authorities hold lessons for India to complete the unfinished policy agenda on handling failed financial firms

Bank runs and resolutions

4 mins

Policy vacuum

Govt must frame rules for space communication

2 mins

Vedanta announces 5th interim dividend; FY23 outflow ₹37.7Kcr

Firm to pay ₹7,621 cr at ₹20.5 apiece in latest instalment

Vedanta announces 5th interim dividend; FY23 outflow ₹37.7Kcr

1 min

HIKE IN WITHHOLDING TAX RATE: Indian arms of MNCs may not feel sharp pain

India's tax treaties with most major economies cap withholding tax on royalties and technical fee at 10%

HIKE IN WITHHOLDING TAX RATE: Indian arms of MNCs may not feel sharp pain

2 mins

Read all stories from Business Standard

Business Standard Newspaper Description:

PublisherBusiness Standard Private Ltd

CategoryNewspaper

LanguageEnglish

FrequencyDaily

Business Standard is India's leading business daily.
A preferred choice of serious business readers, Business Standard is acknowledged as a quality leader.

Business Standard stands for reporting that stresses accuracy and credibility, commentary that is informed, independent and fair, and journalism that is rooted in ethical conduct and defined by a sacrosanct bond with the reader. All Business Standard journalists sign on to a code of conduct that is available on the website.

Business Standard's editorial team is led by Shyamal Majumdar.

The English newspaper is published from 12 centers - New Delhi, Mumbai, Kolkata, Bengaluru, Chennai, Ahmedabad, Hyderabad, Chandigarh, Lucknow, Pune, Kochi and Bhubaneswar. It is also printed from Bhopal.

The Hindi Business Standard is published from eight centres - New Delhi, Mumbai, Kolkata, Patna, Lucknow, Bhopal, Chandigarh and Raipur.

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