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Goods and Services Tax (GST) Council on Saturday decided to slash GST on millet flour food preparations from the current 18 per cent GST to 5 per cent, reported ANI citing sources. The fitment committee of the GST Council had earlier recommended the exemption on powdered millet.

CNBC-TV18 has reported. As per the report, both grain-based and molasses-based ENA will be exempted from GST. The report further added that the council also agreed to exempt ENA from VAT when supplied for industrial purposes.

New Delhi: The implementation of 28% goods and service tax (GST) on online gaming, horse racing and casinos will informally figure in discussions at Saturday’s GST Council meeting as the Centre is keen to see the new regime takes effect without hassles, said a person informed about Centre-state discussions. The idea is to see how far states have put their legislative changes in place for the contentious tax regime change which had dragged for several months before a divided GST Council cleared the new regime at its meeting on 2 August.

Sharad Pawar faction of the NCP has asked the Election Commission of India (ECI) to not freeze the party symbol or name till the entire process of hearing the dispute of who is the real NCP is decided by the poll body. The development came during a hearing at the EC in New Delhi where Ajit and Sharad Pawar argued why their factions should be recognised as the real NCP. The Ajit Pawar camp, however, in its affidavit to the EC has asked it to rule in its favour highlighting the EC's order earlier this year when it gave the Shiv Sena name and party symbol to the Eknath Shinde faction as it had more MLAs and MPs than the Uddhav Thackeray faction of the Shiv Sena. On Friday, the Sharad Pawar camp again argued that there was no split in the party and that the main NCP remains intact and is with the senior Pawar.

New Delhi: The Supreme Court is set to rule whether the government can be considered a secured creditor when an insolvent company has not paid its dues. The judgment is expected to have a bearing across the bankruptcy resolution spectrum, since treating such dues on par with loans from secured creditors will diminish the payouts to the latter. Under India’s Insolvency and Bankruptcy Code (IBC), secured creditors such as banks and financial institutions get priority in getting repaid through the resolution process, while unpaid dues to vendors, suppliers and government dues are treated as operational credit, and they fall lower in the so-called waterfall mechanism.

New Delhi: Ahead of festivals, the Food Safety Standard Authority of India (FSSAI) has directed sweet manufacturers to follow FSSAI guidelines, follow good manufacturing practices and purchase raw materials like milk, khoya and paneer from licensed vendors in FSSAI lists. The idea is to lower the risk of food adulteration commonly found in sweets during festivals. “Around 150 sweet manufacturers and associations attended the meeting held at FSSAI and directed them to ensure safety and good quality of edibles and raw materials especially milk and its products which are more susceptible to adulteration and contamination due to its high demand.

Raghav Chadha may lose the Type VII government bungalow allotted to him, as a Delhi court on October 6 reportedly lifted the interim stay imposed on the dispossession order issued by the Rajya Sabha (RS) Secretariat earlier this year. The RS Secretariat had in March sent a notice to Chadha to vacate the Type VII bungalow allotted at Pandara Road, New Delhi, in July 2022. In its place, another bungalow of a relatively lower grade was to be allotted to him.

Walt Disney Co. is holding preliminary discussions with potential buyers for its India streaming and television business including billionaires Gautam Adani and Kalanithi Maran, according to people familiar with the matter. The US entertainment giant’s senior executives have also gauged the interest of private equity funds considering the company is exploring a range of options, which could involve selling part of the Indian operations or a combination of the unit’s assets including sports rights and regional streaming service Disney+ Hotstar, the people said, asking not to be identified because the discussions are private. Asset-sale talks have already been held with Reliance Industries Ltd., controlled by Asia’s richest person, Mukesh Ambani, Bloomberg News reported earlier on. Disney has been weighing strategic options for its business in India including an outright sale or setting up a joint venture, Bloomberg News reported in July after the unit lost its streaming rights to the Indian Premier League cricket tournament to Viacom18 Media Pvt.

Canadian diplomatic staff in the country to a level on par with the number of Indian diplomats in Canada. Canadian Prime Minister Justin Trudeau had sparked a diplomatic crisis last month after claiming that there were ‘credible allegations’ linking Indian government agents to the June murder.

₹300 a kg in many parts of the country a few weeks ago, did not call for a response from monetary policy. By last month, with the arrival of fresh harvest, tomato prices had crashed to less than ₹5 a kg in farmer markets such as in Maharashtra.

Also Read: World to witness four eclipse events this year, two will be visible in India An annular Solar Eclipse manifests as a partial blocking of the sun's light over a wide region on the earth's surface, spanning thousands of kilometres or miles. This particular annular Solar Eclipse is scheduled for Saturday, October 14, 2023, occurring just 4.6 days after the moon reaches apogee, its farthest point from the Earth.

The Reserve Bank of India's (RBI) Monetary Policy Committee unanimously decided to keep the repo rate- key lending rate- unchanged at 6.5 per cent for the fourth time in a row. The rate-setting panel also left the policy stance unchanged with focus on withdrawal of accommodation. The central bank now sees inflation for Q2, Q3 and Q4 at 6.4%, 5.6% and 5.2%, respectively.

NEW DELHI : Inox Air Products Pvt. Ltd, India’s largest industrial gas producer, is planning to invest ₹300-500 crore to build ultra-high purification facilities and a supply chain for gases used by semiconductor fabrication facilities in India.

NEW DELHI : Remember your first Möbius strip? I don’t. But I remember, every time I made one, a sense of wonder at what was about to happen. A two-sided strip of paper, just like every other, suddenly turns one-sided.

NEW DELHI : The drug regulator said it found 48 critical medicines, meant for domestic consumption, as “not of standard quality" in August. The samples were collected across the country. Some of these drugs are: MOL-PCB syrup given to children for pain relief; Nifedipine sustain release tablets I.P.

NEW DELHI : India’s ₹6,000-crore quantum mission, announced in April this year, will be put in motion “very soon", with the Department of Science and Technology (DST) putting “an appropriate structure for it in place", said Ajay Kumar Sood, principal scientific advisor (PSA) to the Centre. He also said his office is also involved in “making the framework of the mission, and running it." Sood was speaking at industry body Assocham’s Quantum Technology Conclave. The mission, and all the development work around it, will be “crucial in geopolitical strategies," Sood said.

NEW DELHI : The Reserve Bank of India’s (RBI’s) monetary policy committee (MPC) is set to deliver its decision on the policy repo rate today, with the market expecting a status quo despite the surge in prices amid a hardening of bond yields. A pause, nevertheless, would be a challenge. Mint explains: The panel is expected to keep the repo rate unchanged at 6.50% for the fourth consecutive time as core inflation, which excludes food, fuel and light groups, has been below the central bank’s upper tolerance limit of 6% for six months.

New Delhi: The first unmanned trial spaceflight of India’s manned space mission, Gaganyaan, “may be ready for takeoff next month," said Union minister of state for science and space, Jitendra Singh. The first test flight is scheduled to be undertaken by the Indian Space Research Organisation (Isro) by the end of this year—with a second trial, carrying a homegrown humanoid robot, set to take flight next year.

NEW DELHI : The petroleum ministry has increased the LPG distributors’ commission to ₹73.08 per cylinder from ₹64.84 fixed in May last year. In a letter dated 3 October, sent to the oil marketing companies (OMC), the ministry, however, said that the revision in the distribution commission would not result in a revision in retail LPG prices. It said the government approved the “revision of distributor’ commission to ₹73.08 per 14.2 kg cylinder (establishment charges: ₹39.65 and delivery charges: ₹33.43) and ₹36.54 per 5.0 kg cylinder (establishment charges: ₹19.82 and delivery charges: ₹16.72)".

NEW DELHI : Federal indirect tax body the Goods and Services Tax (GST) Council meeting on Saturday will consider relaxing the norms for appointing members to the planned 31 GST appellate tribunals so that these dispute redressal forums can start their work quickly, said a person informed about the development. The tribunals need to be quickly put in motion to sort out growing tax disputes as the new indirect tax regime is now into its seventh year and GST audits have picked up pace recently.

arrest of its senior leader and Rajya Sabha MP Sanjay Singh, in connection to his alleged role in the Delhi liquor policy case. AAP leaders and workers were seen raising slogans and holding placards close to the Bharatiya Janata Party (BJP) headquarters, accusing the Centre-ruling party of “misusing" probe agencies to target its senior functionaries. "I want to challenge the BJP that even if a single rupee of corruption is found from Sanjay Singh's residence, then the proof should be presented before the country.