New Delhi: The GST rate on garments priced above Rs 2,500 per piece has been increased from 12% to 18%, a move that industry bodies warn will raise prices and affect middle-class affordability. The Retailers Association of India (RAI) and the Clothing Manufacturers Association of India (CMAI) welcomed the new two-slab GST structure and the...
Over the last two decades, Indian cricket team jersey sponsors have frequently changed—but what’s more striking is the seemingly consistent pattern of companies reaching their peak while sponsoring the Men in Blue, only to suffer significant setbacks soon after. From Sahara to Byju’s and Dream11, the trend has sparked debates about whether cricket’s most sought-after...
Finance Minister Nirmala Sitharaman will present the Centre’s proposal on GST rate rationalisation before the Group of Ministers (GoM) during a two-day meeting starting August 20 at Vigyan Bhawan, New Delhi. The meeting, chaired by Bihar Deputy Chief Minister Samrat Choudhary, will take place on August 20 and 21, beginning at 12 noon, according to...