If the thoroughbred breeding industry is back in the US following the collapse triggered by the global financial crisis, then a striking ghost-white specimen named Tapit is the symbol 

If the thoroughbred breeding industry is back in the US following the collapse triggered by the global financial crisis, then a striking ghost-white specimen named Tapit is the symbol - and more importantly, the DNA - of that rebound. Bloomberg's Mason Levinson has more on 'Bottom Line'.

Meet Tapit, America's new big stud

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The GST Council, in its meeting on Saturday, is likely to decide on reducing tax rates on life and health insurance premiums, but a decision on big-ticket rate rationalisation, including a higher tax on sin goods, may be deferred.
The GoM on GST rate rationalisation had proposed rate rejigs in 148 items in its recommendations, but sources said that consensus is needed to be built on some of the tax changes that the panel has suggested and some more time may be needed for that.
The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, is also likely to deliberate on bringing Aviation Turbine Fuel (ATF), a major component for airline industry's operation cost, in the Goods and Services Tax (GST) fold.
The GST rate is also proposed to be cut on food delivery platforms like Swiggy and Zomato, to 5 per cent (without input tax credit), from the current 18 per cent (with ITC).
However, the Fitment Committee (comprising tax

Also, the Group of Ministers (GoM) on GST compensation cess is likely to get a six month extension till June, 2025, to submit its report. The compensation cess regime comes to an end in March, 2026

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Meet Tapit, America's new big stud

If the thoroughbred breeding industry is back in the US following the collapse triggered by the global financial crisis, then a striking ghost-white specimen named Tapit is the symbol

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