NEW DELHI: The withdrawal of GST compensation cess on cigarettes from next month will be matched by an increase in excise, and pan masala will face a health and national security cess. While govt had announced the changes earlier, the date for the tax rejig, from Feb 1, was notified late Wednesday, sending cigarette stocks…
MUMBAI: Soon, banks will be able to independently sponsor funds for managing National Pension System (NPS) assets, as PFRDA on Thursday approved in principle a framework that seeks to remove regulatory constraints that had thus far limited banks’ participation in the pension fund management business. “PFRDA board has approved, in principle, a framework to permit…
MUMBAI: UPI payments closed 2025 at a new high extending the steady gains seen through the year. UPI transactions grew 5.7% to 2,163 crore in Dec over the previous month, while payments value climbed 6.3% to nearly Rs 28 lakh crore. The previous high was in Oct with 2,070 crore transactions worth Rs 27.3 lakh…
Top stocks to buy (AI image) Stock market recommendations: According to Bajaj Broking Research, the top stock picks for January 2, 2026 are Canara Bank, and Nykaa. Here’s its view on Nifty and Bank Nifty:Index View: NiftyNifty is expected to remain range-bound with an upward bias, oscillating within the 25,700–26,300 corridor in the near term….
MUMBAI: Deposit outflows during the first half of Dec, which was largely attributed to tax payments, widened the gap between credit offtake and deposit accretion at scheduled banks, highlighting a growing structural imbalance in the system. According to RBI data, on a year-on-year basis, deposit growth continued to lag credit expansion during the fortnight ended…
NEW DELHI: Helped by tax cuts and a healthy monsoon, the Indian passenger vehicles market is on course to end 2025 with record sales, with companies ranging from Maruti Suzuki, M&M, to Toyota and Kia reporting all-time high demand. In 2025, Tata Motors overtook Hyundai to emerge as the second largest player in the domestic…
NEW DELHI: GST collections rose 6.1% to Rs 1,74,550 crore, driven by a surge in levies on imports. The numbers, that do not include compensation cess, which has been withdrawn for all goods barring tobacco and pan masala, provide confidence to govt that the mop up (for sales in Nov) has increased despite an overhaul…
NEW DELHI: In a relief for highway commuters, toll on under expansion stretches – from two-lane to four-lane – will soon be halved during construction period and user fee on partially opened expressways such as Delhi-Mumbai and Amritsar-Jamnagar will be same as that of other NHs. At present, the toll on expressways is 1.25 times…
NEW DELHI: An employee who loses a job is set to receive funds for reskilling within 45 days of retrenchment, the draft rules published under Industrial Relations Code, 2020 said. The amount – equivalent to 15 days of the worker’s last drawn wages – has been introduced under the new Industrial Relations Code as a…
Draft rules released for public review NEW DELHI: Gig and platform workers need to be engaged for at least 90 days with an aggregator within a financial year to avail social security benefits formulated under the new Social Security Code, draft rules released for public comment have proposed. For workers engaged with multiple aggregators, the…
