India introduced the Goods and Services Tax (GST) in 2017 to simplify the tax structure and reduce the tax burden. Recent data shows that the gross GST collection for October 2024 rose by 9% to ₹1.87 lakh crore, a record second-highest figure. However, a recent proposal by the Group of Ministers (GoM) on GST Rates Rationalisation suggests a new 35% GST slab on products like aerated drinks and tobacco, which has raised concerns. The proposal aims to target 'sin' products such as thos

On Thursday, Bihar Chief Minister Nitish Kumar launched a new mobile application, Hamara Bihar Hamari Sadak, aimed at enabling citizens to report poor road conditions in even the remotest areas of the state. The app was introduced at the Chief Minister's official residence, with Minister for Rural Works Ashok Choudhary and Chief Secretary Amrit Lal Meena also present for the occasion. The initiative is intended to utilize state-of-the-art technology for better maintenan

Bangladesh's interim government has accused Adani Power of breaching a multi-billion-dollar agreement related to the supply of electricity from its coal-fired plant in India. The dispute centers on Adani Power withholding tax benefits that the power plant was entitled to under the agreement. The Indian company signed a deal with Bangladesh in 2017 to supply power from the Godda plant, but Dhaka claims that Adani Power failed to pass on the tax exemptions it received from the Indian govern