Early analysis suggests that 10 MUVs, produced by 6 makers, namely KIA, Maruti, Mahindra and Toyota are set to see a slight increase in prices. But the announcement has not ruffled many feathers in the auto industry.
Per the FICCI-EY report, India boasts of about 100-120 million real-money gamers, in addition to professional ones. The number of online gamers in India is projected to rise to 500 million in the next 2 years. The move to charge 28% on full-face value of online bets increases the burden of taxation on businesses (up to 1100%) and gamers (up to 300%).
Food and beverages consumed within cinema hall will now be charged a GST of 5%
One of the reasons why equities continue to stay buoyant is sustained foreign fund inflows, anticipation of a favorable earnings quarter coupled with improving economic conditions
The new proposal states that the fund will need to independently develop a robust IT infrastructure, cyber security procedures and dedicated employees within an year of the date since the registration certificate was issued to them.
Small-cap mutual funds are lapping up funds, receiving massive inflows over the last 6 months. But there are not investment opportunities to deploy them effectively.
Over 3/4th of rich India is concentrated only in 8 Indian states, namely Maharashtra, UP, Tamil Nadu, Gujarat, Delhi, West Bengal, Punjab and Karnataka
According to the 2021-22 annual report of insurance watchdog IRDAI, health insurers settled 2.19 crore claims worth Rs 69,498 crores, while the average claim amount was Rs 31,804.
As per media reports, the industry argues that since the ultimate benefit i.e. discount/cashback is available to the customer, there should be no GST levied on transactions made between the bank/payment portal/UPI and the online platform does not exist
The demand for raising this limit comes in light of existing higher guarantee thresholds in the co-lending space. Most partnerships, particularly in the unsecured personal and business loan segment, already have an FLDG cover of over 5%.