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Daily Archives: July 12, 2023

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GST council announces many Changes in GST tax rates

Indian Financial SystemBy Surendra NaikJuly 12, 2023

The 50th GST Council Meeting concluded on Tuesday and witnessed significant recommendations regarding changes in GST tax rates, simplification of compliance processes, and measures to facilitate trade. A 28% GST rate has been levied on the full value of gaming, horse racing, and casinos which comes as a drawback to online gaming companies. The tax…

Banks were asked to be extra careful and vigilant in view of the adverse global developments

Reserve Bank Functions and newsBy Surendra NaikJuly 12, 2023

The Governor of the Reserve Bank of India Mr. Shaktikanta Das held meetings with the MD & CEOs of Public Sector Banks and select Private Sector Banks on July 11, 2023, in Mumbai. The meetings were also attended by Deputy Governors, Shri M. Rajeshwar Rao and Shri Swaminathan J., along with a few senior officials…

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