The 53rd Goods and Services Tax (GST) Council in its meeting on June 22 approved several compliance measures, aiming at reducing tax litigation and enhancing ease of business across the sectors. Watch the video to find out the top highlights.

The 53rd Goods and Services Tax (GST) Council in its meeting on June 22 approved several compliance measures, aiming at reducing tax litigation and enhancing ease of business across the sectors.

53rd GST Council meet outcome | No tax on railway services, 12% GST on milk cans & more

Adani Enterprises Ltd, the flagship company of the ports-to-energy conglomerate helmed by billionaire Gautam Adani, is likely to see consolidated revenue grow at a CAGR of 17.5 per cent and net earnings by 45.8 per cent over 2023-24 fiscal year (FY24) and FY27, a report said.
AEL is one of India's largest listed incubators which has conceived, grown, matured and demerged many successful businesses, including ports company Adani Ports & SEZ, city gas distributor Adani Total Gas, power transmission company Adani Energy Solutions, renewable energy firm Adani Green Energy, Adani Power, and commodities firm Adani Wilmar.
The company is incubating airports, manufacturing solar modules and wind turbines, green hydrogen, road construction, data centre, and copper.
"Adani Enterprises Ltd (AEL), the incubator of many successful industry-leading businesses, is ambitiously diversifying into green hydrogen and its ecosystem to drive future growth," Ventura Securities said in the ...

The company is incubating airports, manufacturing solar modules and wind turbines, green hydrogen, road construction, data centre, and copper

Company says it is to avoid being mistaken for the government authority in the same space, which is Dharavi Redevelopment Authority (DRA)

Researchers at Indian Institute of Management (IIM) at Lucknow, Amritsar and Kashipur have combined to develop a new framework to guide the country's capital market players and banking sectors in adopting technologies that would enable them to use software without installing them.
Referred to as Software-as-a-Service (SaaS) technologies, these are cloud-based services that deliver software applications over the Internet, eliminating the need for organisations to install and maintain software on their own servers.
While SaaS is widely used globally, its adoption in India, particularly among regulated industries, has been slow.
The research delves into the reasons for this hesitation and offers insights into how firms can assess risks involved in adopting SaaS. The research has been published in the prestigious Journal of Organisational Computing and Electronic Commerce.
"Popular SaaS applications include Google Drive and Microsoft 365. While SaaS offers cost savings and flexibility,

While SaaS is widely used globally, its adoption in India, particularly among regulated industries, has been slow

Artificial intelligence (AI) transitioned from a temporary trend to a widespread reality, gaining traction across industries due to its potential to enhance efficiency, generate revenue and create entirely new roles, yet concerns around its use and impact on jobs remained.
Gone are the days when it was merely a buzzword; AI has now become an integral part of business strategy across various sectors. But its full impact on jobs is little known and so is the issue of intellectual property, data ownership and its privacy implications, and liability - who is liable if an accident or mishap occurs due to the use of AI.
As technology becomes increasingly human-like and pervasive, organisations are now striving to unlock business value through innovative methods to engage customers and employees, enhance operational efficiencies, and generate new revenue streams, Wipro CIO Anup Purohit said.
"We are working towards a future where AI is integrated seamlessly into everyday operations beyond

As technology becomes increasingly human-like and pervasive, organisations are now striving to unlock business value through innovative methods to engage customers and employees

The airport, which is currently under construction, will start international operations by July next year, said Arun Bansal, chief executive officer (CEO), AAHL

India will host the World Audio Visual Entertainment Summit (WAVES) for the first time in February next year which will be a global platform for its creative talents, fostering collaborations and showcasing the country's potential as a hub for world-class content creation.
Prime Minister Narendra Modi spoke extensively about the WAVES Summit in his monthly 'Mann ki Baat' Radio address on Sunday.
Comparing the WAVES to global events like the World Economic Forum in Davos, Modi said the leaders from the media and entertainment industry as well as creative minds from across the globe will gather in Delhi for the Summit being held from February 5-9.
"This Summit is an important step towards making India a hub of global content creation," he said.
The prime minister emphasized the pivotal role of young creators in the preparations for WAVES, reflecting the dynamic spirit of India's creative community.
He expressed pride in the enthusiasm of the country's youth and their contribution to

He expressed pride in the enthusiasm of the country's youth and their contribution to the burgeoning creator economy, a key driver as India advances toward becoming a five trillion dollar economy

Industry body CII in its budget suggestions for 2025-26 has recommended lowering the excise duty on fuel to boost consumption, especially at the lower income level, arguing that fuel prices significantly drive inflation.
The budget could also consider reducing marginal tax rates for personal income up to Rs 20 lakh per annum. This would help trigger the virtuous cycle of consumption, higher growth and higher tax revenue, said CII.
Asserting that the gap between the highest marginal rate for individuals at 42.74 per cent and the normal Corporate Tax Rate at 25.17 per cent, is high, it said, inflation has reduced the buying power of lower and middle-income earners.
"The central excise duty alone accounts for approximately 21 per cent of the retail price for petrol and 18 per cent for diesel. Since May 2022, these duties have not been adjusted in line with the approximately 40 per cent decrease in global crude prices. Lowering excise duty on fuel would help reduce overall inflation and

Further, it urged the government to raise the annual payout under the PM-KISAN scheme from Rs 6,000 to Rs 8,000. Assuming 10 crore beneficiaries, this will entail an additional expenditure

Communications Minister Jyotiraditya Scindia has met Finance Minister Nirmala Sitharam to discuss India Post's path to profitability, an official release said on Saturday.
Scindia, along with officials from the Department of Posts, presented their capital expenditure demands to the finance minister to make it a profit centre by 2029.
Scindia aims to make India Post globally competitive and has been leading Department-wide efforts to drive higher customer acquisition, retention and operational efficiency.
During the meeting with the finance minister, Scindia presented a new development plan for India Post and said the department is working on rationalising costs and aiming to make most processes digital.
The minister hopes to make the department a profit-making logistics company with a focus on customer satisfaction, as per the release.
He also mentioned that the ongoing Business Process Re-engineering (BPR) exercise will benefit a lot from the investment from the finance ministry.

Scindia, along with officials from the Department of Posts, presented their capital expenditure demands to the finance minister to make it a profit centre by 2029

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53rd GST Council meet outcome | No tax on railway services, 12% GST on milk cans & more

The 53rd Goods and Services Tax (GST) Council in its meeting on June 22 approved several compliance measures, aiming at reducing tax litigation and enhancing ease of business across the sectors. Watch the video to find out the top highlights.

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