Prior to the rate rationalisation, coal attracted 5% GST and compensation cess of ₹400 per tonne. The GST Council recommended to end the compensation cess and hence the rate has been merged with the GST. Thus, there would be no…
Globally, ultra-long bonds have come under renewed pressure as fiscal worries resurface across major developed markets, with a shift away from longer maturities by institutional investors such as insurers and pensions. US Treasury yields for the 30-year maturity are close…
Shares in Japan, Australia and South Korea gained at the open. Equity-index futures for the S&P 500 and the Nasdaq 100 edged higher after both gauges advanced. Australian bonds tracked Wednesday’s moves in Treasuries, with yields on the 10-year declining…
West Texas Intermediate traded near $63 a barrel, after global benchmark Brent closed below $68.
Post the job openings data, the probability of a 25 basis points rate cut by the US Federal Reserve at its upcoming policy meeting on September 16-17, increased to 97%, according to the CME FedWatch tool.
With the reinsurance exemption and inverted duty structure still not fixed, policies will get cheaper for a policyholder by close to 15% if all the benefits are being passed on. However, every policy will increase the cost for insurers by…
Stock Market Live Updates: Today is the first weekly expiry of the BSE contracts after the new rules took effect. However, that could take a backseat as most of the focus will be on the GST rate rationalisation announcements made…
The GST Council’s new two-slab structure under “GST 2.0” is set to reshape consumption trends and drive stock market opportunities. Sectors like fertilisers, renewable energy, textiles, and apparel are among the key beneficiaries of lower tax rates.
Stocks in focus today include Swiggy, which hiked its platform fee to ₹15 per order, BHEL after a ₹2,600 crore equipment order, and Poly Medicure on its ₹188 crore overseas acquisition. RailTel, UCO Bank, Religare, and Muthoot Microfin also announced…
With this decision, gold and silver continue to attract a 3% GST on value and a 5% GST on jewelry making charges. The decision provides clarity for bullion and jewelry traders ahead of the festive season.