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An analysis of household expenditure pre- and post-GST rollout shows tax rates have come down on 83 items — including food and beverages, and daily use goods like hair oil, toothpaste, soap and detergent. On a monthly spending of Rs 8,400 on these, the tax paid under GST is Rs 510. This, compared to the Rs 830 in tax previously, results in a saving of Rs 320.
ED said on Saturday it has seized assets worth Rs 10.28 crore of Shravan Gupta, former MD of realty major Emaar MGF, in connection with its FEMA probe in the HSBC black money list unearthed a few years ago. The ED said it has seized an agricultural land worth over Rs 10.27 crore in Delhi's Bijwasan area as an equivalent amount of the asset held abroad.
The statement assumes significance amidst a report by the Confederation of ATM industry (CATMi) warning that nearly half of the 2.38 lakh machines run the risk of closing down by March next year due to regulatory compliance changes making the business unviable due to rising costs and dipping or stagnant revenues.
According to the government data released on Friday, food articles witnessed softening of prices with deflation at 3.31% in November, against 1.49% in October. Vegetables, too, became cheaper with deflation at 26.98% in November, compared to 18.65% in the previous month. The WPI-based inflation stood was 5.28% in October and 4.02% in November last year.
"I welcome the judgment of the Hon'ble Supreme Court today summarily dismissing all PILs filed on the Rafale contracts, and conclusively establishing the complete falsity of the wild, baseless and politically motivated allegations levelled against Reliance Group and me personally," Ambani said in a statement following the SC verdict on the Rafale defence deal.