GST Council to consider rate changes only once a year: FM Sitharaman
Finance Minister Nirmala Sitharaman said the GST Council will consider changes to tax rates only once a year. No rate changes were announced at the 57th GST Council meeting on Thursday. "The rate structure is settled, so the Council has turned to how the tax works day to day," Sitharaman said in a post-meeting press conference.
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News By: Mansi Agarwal
06:42 pm Thursday, 08 October 2026
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Finance Minister Nirmala Sitharaman said the GST Council will consider changes to tax rates only once a year. No rate changes were announced at the 57th GST Council meeting on Thursday. "The rate structure is settled, so the Council has turned to how the tax works day to day," Sitharaman said in a post-meeting press conference.
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News By: Mansi Agarwal
06:42 pm Thursday, 08 October 2026
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Banks paying 3% IGST on gold imports since April 2026: Revenue Secretary
Banks have been paying 3% Integrated Goods and Services Tax (IGST) on gold and precious metal imports since April 1, 2026, Revenue Secretary Arvind Shrivastava said. The move aims to ensure tax parity on gold and other metal imports through different routes, he said. Banks were exempted from IGST on gold, silver and platinum imports in 2017.
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News By: Mansi Agarwal
06:59 pm Thursday, 08 October 2026
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Banks have been paying 3% Integrated Goods and Services Tax (IGST) on gold and precious metal imports since April 1, 2026, Revenue Secretary Arvind Shrivastava said. The move aims to ensure tax parity on gold and other metal imports through different routes, he said. Banks were exempted from IGST on gold, silver and platinum imports in 2017.
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News By: Mansi Agarwal
06:59 pm Thursday, 08 October 2026
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Which health cover should mid-30s people choose, ₹10 lakh, ₹1 crore or unlimited?
Choosing health insurance in one's mid-30s depends on family size, age, health needs, location and budget. Unlimited cover can remove the overall sum-insured ceiling, while a ₹1-crore plan may offer substantial protection at a lower premium, depending on the policy. Experts caution that even unlimited-cover policies can have room-rent limits, sub-limits, co-payments and standard exclusions.
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News By: Mansi Agarwal
03:01 pm Thursday, 08 October 2026
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Choosing health insurance in one's mid-30s depends on family size, age, health needs, location and budget. Unlimited cover can remove the overall sum-insured ceiling, while a ₹1-crore plan may offer substantial protection at a lower premium, depending on the policy. Experts caution that even unlimited-cover policies can have room-rent limits, sub-limits, co-payments and standard exclusions.
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News By: Mansi Agarwal
03:01 pm Thursday, 08 October 2026
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NPCI considers delaying UPI MDR fee rollout: Reports
The National Payments Corporation of India (NPCI) is considering delaying the rollout of a 0.4% MDR on UPI person-to-merchant transactions above ₹2,000, according to multiple reports. The fee, scheduled to take effect from October 15, could be deferred until January 2027. Industry bodies have reportedly sought more time to adapt to the change and avoid impacting festive demand.
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News By: Mansi Agarwal
11:02 am Thursday, 08 October 2026
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The National Payments Corporation of India (NPCI) is considering delaying the rollout of a 0.4% MDR on UPI person-to-merchant transactions above ₹2,000, according to multiple reports. The fee, scheduled to take effect from October 15, could be deferred until January 2027. Industry bodies have reportedly sought more time to adapt to the change and avoid impacting festive demand.
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News By: Mansi Agarwal
11:02 am Thursday, 08 October 2026
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'Is Ambani real boss of India?' asks Elon Musk after govt debunks his 'oligarchs' claim
Trillionaire Elon Musk reacted after the government called his "Starlink blocked by certain oligarchs" remark baseless. "Starlink is licensed in over 165 countries and has spent five years complying with every single law and requirement of the government of India, so why still no license?" Musk asked. "Is [Mukesh] Ambani the real boss of India?" he added.
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News By: Bhawana Chaudhary
07:56 pm Thursday, 08 October 2026
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Trillionaire Elon Musk reacted after the government called his "Starlink blocked by certain oligarchs" remark baseless. "Starlink is licensed in over 165 countries and has spent five years complying with every single law and requirement of the government of India, so why still no license?" Musk asked. "Is [Mukesh] Ambani the real boss of India?" he added.
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News By: Bhawana Chaudhary
07:56 pm Thursday, 08 October 2026
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India issues advisory after Houthis attack Saudi Arabia
The Indian Embassy in Riyadh urged Indian nationals in Saudi Arabia to remain alert and vigilant, stay indoors when necessary and follow instructions issued by authorities through official channels. The advisory comes after loud explosions were heard across Riyadh following Houthi strikes. It also advised Indians to refrain from circulating or reposting any videos or news related to the attacks.
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News By: Bhawana Chaudhary
08:30 pm Thursday, 08 October 2026
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The Indian Embassy in Riyadh urged Indian nationals in Saudi Arabia to remain alert and vigilant, stay indoors when necessary and follow instructions issued by authorities through official channels. The advisory comes after loud explosions were heard across Riyadh following Houthi strikes. It also advised Indians to refrain from circulating or reposting any videos or news related to the attacks.
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News By: Bhawana Chaudhary
08:30 pm Thursday, 08 October 2026
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Nana Patekar cremated with full state honours at his farmhouse in Pune
Veteran actor Nana Patekar was accorded a state funeral at his farmhouse in Pune. He was given a 3-gun salute during the funeral. The actor suffered a cardiac arrest and was found unconscious at his Goa residence, following which he was rushed to the hospital. Doctors tried to revive him for almost 45 minutes, but there was no response.
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News By: Daisy Mowke
11:40 pm Thursday, 08 October 2026
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Veteran actor Nana Patekar was accorded a state funeral at his farmhouse in Pune. He was given a 3-gun salute during the funeral. The actor suffered a cardiac arrest and was found unconscious at his Goa residence, following which he was rushed to the hospital. Doctors tried to revive him for almost 45 minutes, but there was no response.
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News By: Daisy Mowke
11:40 pm Thursday, 08 October 2026
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What recommendations were made during GST council meeting?
GST Council recommended exempting passenger transportation by helicopter on a seat-sharing basis from/to airports/helipads in Sikkim and West Bengal's Bagdogra from GST. It also recommended exempting services related to the storage or warehousing of seeds meant for sowing. It also proposed exempting agricultural support services related to curing of coffee provided by coffee curers to cultivators.
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News By: Saurav Joshi
10:12 pm Thursday, 08 October 2026
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GST Council recommended exempting passenger transportation by helicopter on a seat-sharing basis from/to airports/helipads in Sikkim and West Bengal's Bagdogra from GST. It also recommended exempting services related to the storage or warehousing of seeds meant for sowing. It also proposed exempting agricultural support services related to curing of coffee provided by coffee curers to cultivators.
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News By: Saurav Joshi
10:12 pm Thursday, 08 October 2026
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What are the key decisions taken by GST Council?
The GST Council approved key compliance changes, including removing GST officers' power to arrest and raising the prosecution threshold from ₹1 crore to ₹5 crore. It recommended faster, automated refunds, cut the general penalty from ₹25,000 to ₹10,000 and removed minimum punishment. It extended inverted-duty refunds to input services and allowed ITC on employer-provided health and life insurance.
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News By: Jessica Rajan
09:43 pm Thursday, 08 October 2026
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The GST Council approved key compliance changes, including removing GST officers' power to arrest and raising the prosecution threshold from ₹1 crore to ₹5 crore. It recommended faster, automated refunds, cut the general penalty from ₹25,000 to ₹10,000 and removed minimum punishment. It extended inverted-duty refunds to input services and allowed ITC on employer-provided health and life insurance.
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News By: Jessica Rajan
09:43 pm Thursday, 08 October 2026
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GST Council announces new reforms, scraps arrest powers for GST officers
The GST Council has decided to remove arrest powers under GST and raise the prosecution threshold from ₹1 crore to ₹5 crore. The general penalty will fall from ₹25,000 to ₹10,000, while courts will decide punishments without mandatory minimums. Late filing, errors and payment delays will attract recovery, interest and proportionate penalties instead of criminal action under the new reforms.
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News By: Anmol Sharma
05:45 pm Thursday, 08 October 2026
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The GST Council has decided to remove arrest powers under GST and raise the prosecution threshold from ₹1 crore to ₹5 crore. The general penalty will fall from ₹25,000 to ₹10,000, while courts will decide punishments without mandatory minimums. Late filing, errors and payment delays will attract recovery, interest and proportionate penalties instead of criminal action under the new reforms.
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News By: Anmol Sharma
05:45 pm Thursday, 08 October 2026
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Study tracks 84-day hair growth journey in men & women: Glenmark
Hair thinning that progresses to hair fall remains a common concern among adults. Glenmark announced that 92% of users noticed visible baby hairs after 84 days of using Bontress Pro+ Scalp Serum in a clinical in vivo study. The serum features Pro Lipo™ Neo Technology, designed to deliver 2.4x better peptide absorption for effective delivery to hair roots, it added.
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News By: Roshan Gupta
08:00 am Friday, 09 October 2026
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Hair thinning that progresses to hair fall remains a common concern among adults. Glenmark announced that 92% of users noticed visible baby hairs after 84 days of using Bontress Pro+ Scalp Serum in a clinical in vivo study. The serum features Pro Lipo™ Neo Technology, designed to deliver 2.4x better peptide absorption for effective delivery to hair roots, it added.
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News By: Roshan Gupta
08:00 am Friday, 09 October 2026
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Grab Apple Watch SE 3 at ₹21,999 before price rise*: Big Billion Days
With the new MRP of Apple Watch SE 3 going to ₹29,900, Big Billion Days will be the last chance to avail this at ₹21,999*, said Flipkart. Key features include advanced activity tracking, detailed sleep insights, emergency SOS option, fast charging and seamless Apple ecosystem connectivity. Don't wait and lock in this price on Flipkart before it's gone, it added.
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News By: Roshan Gupta
11:11 am Friday, 09 October 2026
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With the new MRP of Apple Watch SE 3 going to ₹29,900, Big Billion Days will be the last chance to avail this at ₹21,999*, said Flipkart. Key features include advanced activity tracking, detailed sleep insights, emergency SOS option, fast charging and seamless Apple ecosystem connectivity. Don't wait and lock in this price on Flipkart before it's gone, it added.
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News By: Roshan Gupta
11:11 am Friday, 09 October 2026
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Trains arriving at 2 Delhi stations from 4 am-2 pm tomorrow cancelled over CJP protest
Ahead of the Cockroach Janta Party's protest in Delhi on October 10, the Ministry of Railways said that all mail/express trains which were to start at 2 pm on Friday and reach between 4 am and 2 pm at New Delhi and Hazrat Nizamuddin have been cancelled at source. Railways Ministry said intel inputs suggested heavy traffic in the area.
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News By: Shalini ojha
01:00 pm Friday, 09 October 2026
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Ahead of the Cockroach Janta Party's protest in Delhi on October 10, the Ministry of Railways said that all mail/express trains which were to start at 2 pm on Friday and reach between 4 am and 2 pm at New Delhi and Hazrat Nizamuddin have been cancelled at source. Railways Ministry said intel inputs suggested heavy traffic in the area.
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News By: Shalini ojha
01:00 pm Friday, 09 October 2026
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India releases statement on US' green card crackdown against several Indian firms
After the US suspended several Indian IT firms from a programme allowing foreign workers to get permanent residency, the Ministry of External Affairs said US' steps do not advance the shared ambitions of both countries. Criticising US VP JD Vance for calling foreign workers "indentured servants", MEA said, "Such descriptions...ignore the fact that Indian professionals in US are highly educated."
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News By: Shalini ojha
01:20 pm Friday, 09 October 2026
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After the US suspended several Indian IT firms from a programme allowing foreign workers to get permanent residency, the Ministry of External Affairs said US' steps do not advance the shared ambitions of both countries. Criticising US VP JD Vance for calling foreign workers "indentured servants", MEA said, "Such descriptions...ignore the fact that Indian professionals in US are highly educated."
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News By: Shalini ojha
01:20 pm Friday, 09 October 2026
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Noida airport renamed Narendra Modi International Airport
The Noida airport in Jewar, Uttar Pradesh, has been renamed Narendra Modi International Airport. "Under his leadership, India has established a new identity on the global stage while preserving its civilizational values," UP CM Adityanath Yogi said. "Uttar Pradesh Cabinet wholeheartedly acknowledges and appreciates Prime Minister Modi's visionary leadership," he further said.
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News By: Ankush Verma
02:04 pm Friday, 09 October 2026
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The Noida airport in Jewar, Uttar Pradesh, has been renamed Narendra Modi International Airport. "Under his leadership, India has established a new identity on the global stage while preserving its civilizational values," UP CM Adityanath Yogi said. "Uttar Pradesh Cabinet wholeheartedly acknowledges and appreciates Prime Minister Modi's visionary leadership," he further said.
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News By: Ankush Verma
02:04 pm Friday, 09 October 2026
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Indian-origin Navanethem 'Navi' Pillay awarded Nobel Peace Prize
Indian-origin Navanethem 'Navi' Pillay was awarded the Nobel Peace Prize on Friday. The Nobel Committee chose her from 287 candidates, including 208 individuals and 79 organisations. She was chosen for her efforts to promote peace and international law. Notably, US President Donald Trump had pitched for the award, saying, "No president has probably ever settled any wars...I settled eight wars."
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News By: Shalini ojha
02:40 pm Friday, 09 October 2026
Sent on @inshortschannel Telegram
Indian-origin Navanethem 'Navi' Pillay was awarded the Nobel Peace Prize on Friday. The Nobel Committee chose her from 287 candidates, including 208 individuals and 79 organisations. She was chosen for her efforts to promote peace and international law. Notably, US President Donald Trump had pitched for the award, saying, "No president has probably ever settled any wars...I settled eight wars."
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News By: Shalini ojha
02:40 pm Friday, 09 October 2026
Sent on @inshortschannel Telegram
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Who is Indian-origin Navanethem 'Navi' Pillay, who has been awarded Nobel Peace Prize?
Navanethem 'Navi' Pillay is a human rights advocate who has been awarded the Nobel Peace Prize for promoting international law. Born into an Indian Tamil family in South Africa, she was the first Black woman to serve in the country's High Court and defended opponents of apartheid. She headed UN commission that accused Israel of committing genocide in Gaza.
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News By: Bhawana Chaudhary
03:56 pm Friday, 09 October 2026
Sent on @inshortschannel Telegram
Navanethem 'Navi' Pillay is a human rights advocate who has been awarded the Nobel Peace Prize for promoting international law. Born into an Indian Tamil family in South Africa, she was the first Black woman to serve in the country's High Court and defended opponents of apartheid. She headed UN commission that accused Israel of committing genocide in Gaza.
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News By: Bhawana Chaudhary
03:56 pm Friday, 09 October 2026
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How has Starlink been used for anti-India activities in the past?
Indian intelligence services have flagged national security concerns about allowing Elon Musk's Starlink to enter India, News18 reported. A Starlink Mini was found on a boat carrying drugs worth ₹36,000 crore in the Andaman region in 2024, while in Manipur, Starlink devices linked to insurgents have been recovered. Starlink devices were recovered in Punjab and Gujarat's drug networks too.
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News By: Ashley Paul
03:26 pm Friday, 09 October 2026
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Indian intelligence services have flagged national security concerns about allowing Elon Musk's Starlink to enter India, News18 reported. A Starlink Mini was found on a boat carrying drugs worth ₹36,000 crore in the Andaman region in 2024, while in Manipur, Starlink devices linked to insurgents have been recovered. Starlink devices were recovered in Punjab and Gujarat's drug networks too.
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News By: Ashley Paul
03:26 pm Friday, 09 October 2026
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Why Indian IT stocks rose despite US green card crackdown?
Indian IT stocks, including TCS, Wipro, Infosys and HCLTech, rose on Friday despite the US suspending them from the PERM programme, a key step towards employment-based green cards. Experts said the impact would be limited as firms have reduced H-1B dependence, increased local US hiring and expanded offshore operations. Attractive valuations also boosted investor sentiment, experts said.
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News By: Mansi Agarwal
04:54 pm Friday, 09 October 2026
Sent on @inshortschannel Telegram
Indian IT stocks, including TCS, Wipro, Infosys and HCLTech, rose on Friday despite the US suspending them from the PERM programme, a key step towards employment-based green cards. Experts said the impact would be limited as firms have reduced H-1B dependence, increased local US hiring and expanded offshore operations. Attractive valuations also boosted investor sentiment, experts said.
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News By: Mansi Agarwal
04:54 pm Friday, 09 October 2026
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Investor wealth rises by ₹4 lakh crore as Sensex ends 900 points higher
Investor wealth rose by around ₹4 lakh crore as the Sensex jumped around 900 points to close at 72,472.33 on Friday. The rally came a day after the benchmark index plunged over 1,000 points. IT stocks led Friday's gains, with TCS emerging as the top gainer, rising 4.23%, followed by Infosys and HCLTech, which climbed around 3% each.
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News By: Mansi Agarwal
03:54 pm Friday, 09 October 2026
Sent on @inshortschannel Telegram
Investor wealth rose by around ₹4 lakh crore as the Sensex jumped around 900 points to close at 72,472.33 on Friday. The rally came a day after the benchmark index plunged over 1,000 points. IT stocks led Friday's gains, with TCS emerging as the top gainer, rising 4.23%, followed by Infosys and HCLTech, which climbed around 3% each.
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News By: Mansi Agarwal
03:54 pm Friday, 09 October 2026
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