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India secures a USD 350 million loan from the Asian Development Bank (ADB) to bolster its logistics sector. This funding, part of the Strengthening Multimodal and Integrated Logistics Ecosystem (SMILE) program, will support policy reforms aimed at enhancing efficiency, attracting private investment, and improving supply chain resilience. The program will also promote sustainable economic growth and job creation.
The 55th GST Council meeting unveiled several important decisions that will have a lasting impact across various sectors, from healthcare and finance to the automobile industry. While some changes, such as the increase in GST for used EVs and the new popcorn tax structure, have sparked concerns about complexity and cost, others, such as the exemption for gene therapy, have been widely welcomed by experts.
When popcorn is mixed with sugar (caramel popcorn), its essential character changes to that of a sugar confectionary, and would therefore be classifiable under HS 1704 90 90 and attract an 18 per cent GST, as per the clarification.
The GST council met on Saturday. It decided to not tax gift vouchers. Used cars purchased by businesses will face an 18% tax. This includes electric vehicles. The tax on fortified rice kernels is reduced to 5%. A decision on insurance product tax rates is postponed. The council clarified tax rates for different types of popcorn.
Document-heavy workflows slow down productivity, bury institutional knowledge, and drain resources. But with the right AI implementation, these inefficiencies become opportunities for transformation. So how do you identify where to start and how to succeed? Learn how to develop a clear, practical roadmap for leveraging AI to streamline processes, automate knowledge work, and unlock real operational gains.
The initiative, launched in November 2020, covers 14 key sectors and has already delivered milestones. The program has catalyzed investments worth Rs1.46 lakh crore (USD 17.5 billion), spurred production and sales of Rs12.50 lakh crore (US$150 billion), and boosted exports to Rs4 lakh crore (USD 48 billion).
The regulatory authority has levied financial disincentives of Rs 33,31,000/-, Rs 5,93,000/-, Rs 8,14,000/-, and Rs 6,82,000/- for the quarters ending March 2023, June 2023, September 2023, and December 2023, respectively.
The regulatory authority has levied financial disincentives of Rs 33,31,000/-, Rs 5,93,000/-, Rs 8,14,000/-, and Rs 6,82,000/- for the quarters ending March 2023, June 2023, September 2023, and December 2023, respectively.
Representing Maharashtra in the pre-Union Budget meeting held in Jaisalmer, Minister Aditi Tatkare on Saturday assured that Maharashtra would play a pivotal role in India's journey towards becoming a $5 trillion economy.
Generative AI (GenAI) systems that rely on large datasets and complex algorithms, can become targets for cyberattacks such as data breaches, adversarial attacks, and exploitation of model weaknesses. Cybercriminals may attempt to manipulate AI models or steal sensitive information, which can lead to significant financial losses, reputational damage, and legal repercussions.
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