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  • Scope for further pruning of GST exemption list: Revenue secy

    Revenue secretary Tarun Bajaj on Tuesday said there is scope for further pruning of the GST exemption list and expressed hope that the "rough edges" in the indirect tax regime will be ironed out in the next 2-3 years.

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  • States borrowing cost remains high at 7.86%

    The borrowing cost for the states continues to remain elevated, sniffing at the 7.9 per cent mark for the fourth consecutive week despite the average cut-off slipping marginally by 2 bps to 7.86 per cent at the latest auction of debt on Tuesday.

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  • Twitter pursues legal review of Indian orders to take down content

    Twitter is seeking to overturn some orders by the government of India to take down content on the social media platform, a source familiar with the matter said, in a legal challenge which alleges abuse of power by officials.

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  • Rupee plunges by 41 paise to record low of 79.36 against US dollar

    At the interbank forex market, the local unit opened at 79.04 against the greenback and witnessed an intra-day high of 79.02 and a low of 79.38. It finally settled at 79.36 (provisional), down 41 paise over its previous close. On Monday, the rupee had closed at 78.95 against the US dollar.

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  • Crypto exchanges hunker down as woes pile up in India

    India’s largest digital assets exchanges are bracing for a drawn-out crypto winter — one with some unwelcome local twists. With token prices plummeting, customers unable to transfer money to their accounts and a dreaded transaction tax on cryptocurrencies just around the corner, exchanges like Binance-backed WazirX have put expansion plans on the back burner.

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