Author: MoorningTimes

New Delhi: The net revenue shortfall from GST rationalisation is estimated at 0.1 per cent of GDP for this fiscal year, to be cushioned by the higher RBI dividend transfer, a report said on Friday, adding that the GST rationalisation is a timely and positive step to support economic momentum, particularly amid persistent external headwinds.  By increasing disposable income, it is expected to stimulate private consumption while simultaneously easing inflationary pressures. “We estimate that GST rationalisation could lower CPI inflation by 70-90 bps annually under the current CPI basket, assuming the pass-through to the consumers,” said the CareEdge Ratings report.…

NEWYou can now listen to Fox News articles! Reverend Franklin Graham, one of the nation’s most prominent Christian voices, is standing behind Vice President JD Vance after his profane rebuke of senators in a heated social media post over Health and Human Services Secretary Robert F. Kennedy Jr. In an exclusive statement to Fox News Digital, Graham acknowledged that while he admired Vance’s stand, the Vice President’s “salty” choice of words could have been better.Graham said in the statement: “We have had many Vice Presidents who have used salty language, but the point Vice President Vance was making is correct. Could…

IE 11 is not supported. For an optimal experience visit our site on another browser.Now PlayingIsraeli missiles destroy Gaza City high-rise00:51UP NEXTIsrael strikes purported safe zone in Gaza, killing at least seven children00:37Israel Kills Hamas Spokesperson; Expands Offensive Into Gaza03:04Israel strikes Gaza City as Trump considers turning enclave into ‘riviera’02:00Israel launches new deadly attacks on Gaza City01:39Israel launches new assault in famine-gripped area inside Gaza01:39At least four Israeli munitions were fired at Gaza’s Nasser Hospital02:39‘I hope we die and get relief’: Families displaced as Israel attacks Gaza City01:24Reuters: IDF ‘fully aware’ of location of journalists killed in Gaza attack01:28‘I entered…

Keir Starmer is battling to get a grip on the crisis that has engulfed his government, with his deputy prime minister Angela Rayner forced to step down after breaching the ministerial code over her tax arrangements.The prime minister brought forward a major cabinet reshuffle in an attempt to restore order and get back on the front foot after a damaging few days, with Yvette Cooper, David Lammy and Shabana Mahmood all moved to prominent new roles.However, the fallout from the controversy over Rayner, who as housing secretary underpaid about £40,000 stamp duty on her seaside flat, is likely to further…

New Delhi: Industry leaders welcomed the recently announced GST reforms, which reduce the number of tax slabs, stating that it will make tax compliance easier while also directly benefiting consumers through lower prices. Jharkhand Chamber of Commerce Joint Secretary Navjot Alang Rubal said that the reduction of the number of slabs from four to two under the new GST structure is a highly positive step. According to Rubal, this reform will greatly benefit the middle and lower-income groups as the tax reductions on essential items of daily use will bring a noticeable drop in prices. He further added that the…

NEWYou can now listen to Fox News articles! Department of Justice officials have had several internal meetings about putting limitations on transgender people’s ability to purchase firearms, Fox News Digital has learned.The DOJ officials’ conversations are in an early stage and no concrete steps have been taken, according to conversations with multiple sources.But the discussions surrounding two hotly contested issues for Republicans — preserving Second Amendment rights and tightening policies related to transgender people — are happening.One source pointed to a “pattern” of shootings carried out by transgender people, including the recent tragedy at a Catholic Church in Minnesota. Robin…

WASHINGTON — If a peace deal between Russia and Ukraine ever comes together, the United States could take the lead role in monitoring a large buffer zone inside Ukraine envisioned as a way to protect the country from Russia, according to four people familiar with a plan that military officials from Ukraine’s allies, including the United States, have been discussing. The buffer zone would be a large demilitarized area — the borders of which have not yet been decided — inside what is now Ukraine, dividing Russian and Ukrainian territory within the country. In part because of its technological capabilities,…

New Delhi: Union Finance Minister Nirmala Sitharaman on Friday said that India will continue purchasing Russian oil, stressing that decisions will be guided solely by national interest. “Whether it is Russian oil or anything else, we will take a call based on what suits our needs in terms of rates, logistics or whatever. Where we buy our oil from, especially it being a big ticket foreign exchange related item, is a call we will take based on what suits us best. So, we will undoubtedly be buying Russian oil,” she said in an interview with News18. The Union Minister reiterated…

“Up for an adventure” a sign declared outside the Birmingham National Exhibition Centre. You certainly need to be. After navigating a half-hour queue to get through security, a group of us were told we needed to go back outside, walk 10 minutes and then go through security again to reach the media centre.Which would have been fine except the staff at the new entrance had been given instructions not to admit the media, and told us to go back to where we had started and queue for security a third time. The theme for this year’s Reform party conference is…

NEWYou can now listen to Fox News articles! FIRST ON FOX: Ohio Republican Sen. Bernie Moreno is introducing legislation aimed at penalizing companies who outsource jobs and operations overseas while at the same time providing financial support to avenues that create American jobs. The bill, introduced on Friday and known as the “Halting International Relocation of Employment Act” or “HIRE Act”, creates a 25% tax on “outsourcing payments” which are defined as any money paid by a U.S. company or taxpayer to a foreign person whose work benefits U.S. consumers.The bill also includes anti-abuse language to prevent tax avoidance via U.S.…