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gst

GST rate rejig helps consumers upgrade

NEW DELHI/MUMBAI: A year after GST rates were cut, automobile dispatches have continued to climb. Several two-wheeler users moved to four-wheelers as price cuts improved affordability, TV buyers have shifted towards larger sets and consumer goods volumes picked up in the Oct-Dec quarter, although they are now under pressure due to the West Asia crisis.Passenger...
tax notice for cash deposits

Retired senior citizen teacher deposited Rs 1.33 crore cash, but filed no ITR; taxman added Rs 48.73 lakh, ITAT quashes reassessment, here’s why

The cash deposits prompted the department to examine whether the senior citizen had any income that had not been disclosed. (Image for representative purpose only) A retired school teacher from Mysore, Karnataka, found himself facing income tax reassessment proceedings after cash deposits totalling Rs 1.33 crore in his bank accounts were flagged under the Central...
1790009182 bank strike

Bank Employees Strike: ‘Resolve issues through dialogue’: Government urges bank employees to call off September 28-30 strike

File photo: Members of United Forum of Bank Unions (UFBU) hold placards during the nationwide strike for various demands (ANI Photo) The finance ministry on Monday urged bank employees to refrain from resorting to strikes and resolve their remaining demands through dialogue, saying most concerns raised by unions had been substantially addressed.The appeal comes ahead...
1790001786 bullet train

India plans to make its own 350 kmph speed bullet trains by 2030 to match Japan’s E10, first B28 trains to run at 249 kmph from 2027; Mumbai-Ahmedabad project cost tops Rs 2 lakh crore

The entire 508-km Mumbai-Ahmedabad High-Speed Rail corridor is scheduled to be completed by December 2030. Even as it builds the country’s first high-speed train set for the first time, Indian Railways has already set the ball rolling for another set of bullet trains that will run at 350 kmph.India is planning to develop and manufacture...
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