The Federal Reserve, the central bank of the United States, is driving blindfolded. Thatâs my single most important takeaway from its policy announcement last week. On the predictable side, the Fed kept policy rates in a range of 4.25-4.5%, and the rate-setting committee pledged to slow the pace at which itâs allowing securities to roll…
Attempts to justify this by arguing that it helps control an epidemic of sugar-fuelled obesity weaken on considering the inconsistent approach taken to taxing sugar confectionery, which falls under HSN Code 1704. Taxation is not uniform: some items, like elaichi dana, chikki, gajak etc, attract 5% GST; others like âboiled sweetsâ attract 12%; while the…
Mumbai: The government needs to explore options such as tax benefits to encourage individuals to keep more money in bank deposits, said Ashwini Kumar Tewari, managing director of State Bank of India, adding to the chorus on Indiaâs worst deposit crunch in two decades. âWe have to think through various things, what are the options….
