Ministers are exploring plans to hand ownership of the Post Office to thousands of sub-postmasters across the UK, sources have told the BBC. The proposal is in its early stages and is one of many under consideration. The Department for Business and Trade has asked management consultancy BCG to explore the possible ownership model, as […]
New Delhi: The funding momentum bounced back for the Indian startup ecosystem this week, with 39 startups raising around $449 million across 29 deals — an over 300 per cent jump from the $135 million raised last week. This week saw 12 growth-stage and 16 early-stage deals. The seed funding stood at $26.5 million, a […]
NEW DELHI, State-owned UCO Bank on Saturday said it is planning to raise up to Rs 2,000 crore through share sale during the December quarter. The plan to come out with Rs 1,500-2,000 crore qualified institutional placement in the current quarter as part of the strategy to meet minimum public shareholding (MPS) norms, UCO Bank […]
New Delhi: In a significant development, the Group of Ministers (GoM) on Saturday agreed upon some Goods and Services Tax (GST) rate revisions that are likely to bring in an additional Rs 22,000 crore revenue. The GoM, headed by Bihar Deputy Chief Minister Samrat Chaudhary, suggested raising GST rates on several luxury items, including high-end […]
A Macy’s store is seen at Herald Square on December 11, 2023 in New York City. Michael M. Santiago | Getty Images Inflation may have cooled, but retailers are still staring down a holiday season with plenty of uncertainty. Several hard-to-predict factors will influence consumers’ spending, as they deck the halls and look for the […]
GST On Health Insurance Premium: The Group of Ministers (GoM) is expected to recommend exempting goods and services tax (GST) on term life insurance premiums and health insurance premiums paid by senior citizens. However, the Official’s premiums paid for health insurance coverage of above Rs 5 lakh will continue to attract 18 per cent GST. […]
NEW DELHI: The Group of Ministers (GoM) on Saturday decided to exempt the Goods and Services Tax (GST) on term life insurance premiums and health cover premiums paid by senior citizens, according to news agency PTI citing official sources.“GoM members are broadly on board for cutting rates on insurance premiums. A final decision will be […]
The GoM on GST rate rationalisation has decided to exempt GST on premiums paid for health insurance with coverage of Rs 5 lakh for individuals. The GoM proposes to reduce rates on several items and hiking on many, and the overall rejig is expected to yield a revenue surplus of Rs 22,000 crore. The GoM […]
Surveys have shown significant number of women prefer taking life and financial advice from other women in their proximity. In India, women constitute nearly half of the population, yet their economic contributions remain limited to 18% of the GDP. In India, women constitute nearly half of the population, yet their economic contributions remain limited to […]
HDFC Bank has declared its Q2 financial results. HDFC Bank Q2 Results: Net profit rises 5.28 per cent to Rs 16,820.97 crore, compared with Rs 15,976 crore a year ago. HDFC Bank on Saturday reported a 5.28 per cent rise in its net profit to Rs 16,820.97 crore for the second quarter ended September 30, […]