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28% GST on online gaming could boost revenue collection tenfold [ad_1] The online gaming industry is fuming following the decision of the GST Council to levy 28% GST on the turnover of online gaming. Industry stakeholders have described the decision of the GST Council as “unconstitutional, irrational and egregious” and said that the move is a self-goal that will kill ...

GST on food items in cinema halls reduced to 5% [ad_1] The food served in restaurants inside a cinema complex will attract 5% GST against the 18% levied earlier. The Finance Ministry clarified that “supply of food and beverages in cinema halls is taxable as restaurant service as long as these are supplied by way of, or as part of, ...

Want to pay lower GST? Don’t buy popcorn with movie ticket [ad_1] (This story originally appeared in on Jul 13, 2023) NEW DELHI: Next time you plan to go to a theatre, make sure you don’t go for any combo package that offers food and beverages along with the movie ticket. While the GST Council has decided to lower the ...

Barclays and Yes Bank raise India's inflation forecast as prices jump Surging prices of vegetables and pulses pushed up inflation to a three-month high of 4.81% last month, ending four months of moderation

$590 bn rally since March faces earning reports, retail pull back tests Key gauges in India hit records in July on bets that Asia’s third-biggest economy will stage a strong recovery even with elevated policy rates

Life insurers' Q1 new business premium collections decline 0.9%: Report Life insurers collectively witnessed a 0.9 per cent decline in the first quarter new business premium collections to Rs 73,004.9 crore, mainly due to a massive drop in group premium mop-up led by the market leader LIC, according to a report. Life insurance companies had reported a massive 39.7 per ...

Bank of India opens GIFT City branch, aims $1 bn biz by March 2024 State-owned Bank of India on Wednesday opened its branch in the GIFT City Special Economic Zone in Gandhinagar and expects to achieve a USD 1-billion business through it by March 2024, a senior official said. Bank of India also aims to touch a business of USD ...

Aye Finance allocates Rs 100 cr for credit to women micro enterprises Fintech lender Aye Finance on Wednesday said it has allocated Rs 100 crore for Shakti Loan in current financial year and targets to extend credit to 10,000 women engaged in micro enterprises. Aye said it has developed Shakti Loan in collaboration with CGAP, a global partnership of more ...

RBI looking at additional loans for home buyers of stuck projects A meeting of a committee was held on June 19 to discuss issues related to “legacy stalled projects” in real estate

Startups on Shark Tank India see over Rs 1 billion in investment deals Most startups that appeared on the show during season 1 secured deals 6X greater in value from outside investors within a span of 1.5 years.