KSEAB SSLC 2 Supply Results 2025 OUT! Check Karnataka Class 10 supplementary marks memo at karresults.nic.in
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KSEAB SSLC 2 Supply Results 2025 OUT! Check Karnataka Class 10 supplementary marks memo at karresults.nic.in
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Hans India
4 hours ago
- Hans India
PM unveils next-gen GST reform draft
New Delhi: Prime Minister Narendra Modi announced on Sunday that the Central government has drafted a proposal for the next-generation Goods and Services Tax (GST) reforms and has sent it to the states. He sought the cooperation of state governments to implement the proposal before Diwali this year. Speaking after inaugurating two new expressways in Delhi, Modi emphasised that these reforms would benefit not only the poor and middle class but also both small and large businesses. Modi explained that the proposed changes in the GST law aim to simplify the system and adjust tax rates, which will benefit a wide range of people and businesses. 'This is a major step toward making GST more accessible, especially for businesses and consumers,' he said. The Central government intends to introduce a simplified GST structure and will consider revising tax slabs to reduce the burden on various segments of society. In his Independence Day speech on August 15, the PM had already announced plans for these changes, describing them as a step toward promoting good governance. 'For us, reforms mean moving forward with good governance,' he had said earlier. The Prime Minister reiterated that the government would focus on continuous reforms to make life easier for people and businesses alike. He added, 'In the coming months, we are going to implement several major reforms, and this Diwali, people will get a double bonus from GST reforms.' The draft proposal for GST reforms has already been sent to the states, with the Central government hoping for their swift cooperation. Modi urged the states to complete the process promptly so that the changes could be implemented in time for the Diwali festival. The primary objectives of these reforms are to simplify the GST process and adjust tax rates to benefit a larger section of the population. New GST slabs The Union government has proposed a revised GST system that would streamline the existing tax structure into only two main tax slabs—5% and 18%. The proposal suggests eliminating the current 12% and 28% tax slabs. Additionally, a special 40% tax slab has been proposed for luxury and harmful goods. The new system aims to reduce tax complexity and ensure more efficient compliance.
Time of India
8 hours ago
- Time of India
It's time to buy India, not sell, says Jefferies' Wood
Christopher Wood MUMBAI: Christopher Wood, a leading analyst on emerging markets at global broking major Jefferies, has suggested that India should not bow to US President Donald Trump's pressure tactics relating to higher tariffs. He advised Jefferies' clients to buy India, rather than sell, given the current global situation. Wood also indicated that the way Trump is going against some of the world's largest economies, it would push at least the Brics-the block of Brazil, Russia, India, China and South Africa-towards de-dollarisation. De-dollarisation refers to a trade process, where rather than using the US dollar as the currency for trade between two countries, the partners trade in a non-dollar currency. In his widely read newsletter titled Greed & Fear, Wood said that Jefferies would not view the previously discussed 50% tariff on Indian imports to the US as a reason to sell Indian equities. "Rather, it is probably a reason to buy them since Greed & Fear's view is that it is only a matter of time before Trump backs off the stance, which is not in America's interest. "On this point, it is worth noting that the track record makes it clear that it pays to stand up to the Donald," he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Put Bananas in the Garden and Just Watch Life Wise Hub Undo Wood said Jefferies has almost always been significantly bullish on India in Greed & Fear's various portfolios, most particularly, its Asia ex-Japan long-only portfolio. He mentioned that a recent report by Jefferies India highlighted that the country has just suffered its biggest period of under-performance over the past 12 months in a global emerging market context spread over the past 15 years. "This is not a great surprise tactically, since Korea has ripped higher on value-up while Taiwan has of late been celebrating the massive capex spending by hyperscalers (the leading global tech companies currently on a spending binge). For India the problem has been high valuations and, most importantly, massive equity supply. This is why we have of late been running only a marginal overweight in India in the Asia Pacific ex-Japan relative-return portfolio," Wood wrote in his newsletter. Still, Jefferies India made an interesting point in the report: following previous such periods of under-performance, the Indian market tended to bounce on a relative basis. "Or, in other words, that it is now too late to cut India with valuations now back near the 10-year average 63% PE (price-earnings) premium over emerging market peers," Wood said. The Jefferies strategist also said that one of the principal reasons Brics countries are coming together again is because an effective foreign policy conduct for a major world power requires a conceptual framework and "this is what is conspicuously lacking in the current US administration. The 47th US president certainly has no such framework and is also bereft of an adviser who has one." "This has become only too starkly evident in the past several days as Trump has succeeded in bringing China, Russia, India and Brazil together like never before. Indeed, Brics as a grouping has been regalvanised," he observed in the newsletter. Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .
Time of India
2 days ago
- Time of India
'Once-in-a-lifetime' – FC Goa to host Cristiano Ronaldo and Al-Nassr in September
Al Nassr's Cristiano Ronaldo (AP Photo, file) Cristiano Ronaldo is set to visit India later this year, as Al-Nassr will take on FC Goa in what is being billed as one of the most significant fixtures in Indian club football history. The Saudi Arabian side has been drawn in Group D of the Asian Champions League Two alongside FC Goa, Tajikistan's Istiklol, and Iraq's Al-Zawraa. The top two from each group will progress to the next round when the competition kicks off in September. 'This is truly a once-in-a-lifetime moment for FC Goa,' club CEO Ravi Puskur told The Associated Press. 'Hosting Al-Nassr and Cristiano Ronaldo is arguably the biggest game in our history.' Go Beyond The Boundary with our YouTube channel. SUBSCRIBE NOW! Ronaldo, 40, joined Al-Nassr in 2022 but is still chasing his first major trophy with the Riyadh-based club. The team, which also features Sadio Mane and newly signed Joao Felix from Chelsea, is expected to arrive at full strength. Puskur believes the match has the potential to be a landmark for Indian football, offering a platform to showcase the country's ability to compete on the continental stage. 'This is historic for Indian football. We are here on merit, and matches like this help us become part of the sport's biggest narratives,' he said. Poll Do you believe hosting Al-Nassr will boost FC Goa's popularity? Yes, definitely Maybe No, it won't The timing is significant, as domestic football in India faces uncertainty. The 2025-26 ISL season has been suspended amid a dispute over the league's organising agreement, with several clubs halting salaries or operations. Puskur stressed that beyond the financial benefits, the fixture could drive long-term growth. 'It's an opportunity to attract global attention, generate sponsorship interest, and reignite fan engagement — all of which are vital for the future of the sport here,' he added. Catch Rani Rampal's inspiring story on Game On, Episode 4. Watch Here!
