Prøve GULL - Gratis
Opposition-ruled states call for additional levy for 5 yrs
Business Standard
|August 30, 2025
Suggest that duty be levied on sin goods to compensate for revenue loss
Eight Opposition-ruled states including Karnataka, Jharkhand, Punjab, West Bengal, Tamil Nadu, Kerala, Telangana, and Himachal Pradesh on Friday suggested additional levy over and above proposed 40 per cent on sin and luxury goods to compensate the states for the likely revenue loss arising from the goods and services tax (GST) rate rationalisation exercise for five years or beyond till the earnings stabilise.
At a consultative meeting in the capital, ahead of the GST Council's meeting on September 3-4, these states supported the Centre's proposal for rationalisation. However, they stressed that the benefits of lower rates should be passed on to the common man.
Denne historien er fra August 30, 2025-utgaven av Business Standard.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Business Standard
Business Standard
ACC’s profit plunges 63%
Cement major ACC’s consolidated profit, attributable to owners of the company, for the third quarter of the financial year 2025-26 (Q3FY26) fell 62.97 per cent year-on-year (Y-0-Y) to 404.21 crore, amid a high base effect from Q3FY25 and increase in costs.
2 mins
January 29, 2026
Business Standard
Voice AI is India’s next UPI moment: Nandan Nilekani
In a world dominated by the artificial intelligence (AI) race, Nandan Nilekani, chairman of Infosys and cofounder of Ek-Step Foundation, said voice AI is the only practical interface for achieving true digital equality in India.
2 mins
January 29, 2026
Business Standard
Only native EU carmakers may get import tariff relief
Move to block non Europe firms from using lower duty to dump cars in India
1 mins
January 29, 2026
Business Standard
Pramerica promoters look to sell major stake
Promoters of Pramerica Life Insurance, a joint venture between an arm of Piramal Finance and Prudential International Insurance Holdings, have approached multiple life-insurance companies for selling their entire stake, multiple sources told Business Standard.
2 mins
January 29, 2026
Business Standard
SBI Life’s profit rises 5%
SBI Life Insurance on Wednesday reported a nearly 5 per cent year-on-year (Yo-Y) increase in net profit at %577 crore in the third quarter of 2025-26 (Q3FY26), weighed down by an increase in expenses, although premium income grew robustly.
1 min
January 29, 2026
Business Standard
Recalibrating the tax framework for sovereign wealth funds
With right incentives, they could be cornerstones of Indian growth
3 mins
January 29, 2026
Business Standard
'India's outlook in 2026 looks better than in 2025'
Q&A Patterns from last year are continuing, with global markets across asset classes-equities, gold, silver, even Bitcoin-rising, while Indian markets lag, says Ashish Gupta, chief investment officer, Axis Mutual Fund. In an interview with Abhishek Kumar and Samie Modak in Mumbai, Gupta says India's outlook this year is better than in 2025 on earnings improvement and valuation moderation. Edited excerpts:
2 mins
January 29, 2026
Business Standard
‘Volume growth improving with most firms’ sequential improvement’
Marico expects consumption trends to remain stable. In a video interview, Saugata Gupta, managing director and chief executive officer, talks with Sharleen D'Souza about the company’s plans on its latest acquisition and margin improvement. Edited excerpts:
3 mins
January 29, 2026
Business Standard
30% duty reduction on imported wine offered to make sector competitive
India’s free trade agreement (FTA) with the European Union (EU) protects the country’s alcoholic beverages (alcobev) industry and will help it to become competitive as import duties are gradually reduced on select wines, said industry officials on Wednesday.
1 mins
January 29, 2026
Business Standard
CSB Bank profit falls; shares plunge 16%
Thrissur-based CSB Bank has reported a marginal rise in net profit during the third quarter of the current financial year (Q3FY26) to %153 crore, as against %152 crore during the same period in FY25.
2 mins
January 29, 2026
Listen
Translate
Change font size

