Synopsis
The GST Council’s meeting, the first this year, comes at a time when the country is reeling under the second wave of coronavirus infections that have derailed the economic recovery. Though the council is required to meet once every quarter, the last meeting was held in October last year.
Agencies
Recently, Sitharaman had clarified that doing awaywith the 5 percent GST on the vaccines will negatively impact the prices as manufacturers would be denied input tax credit who will, in turn, pass on this to the consumers as a cost .
The GST Council on Friday left taxes on COVID-19 vaccines and medical supplies unchanged but exempted duty on import of a medicine used for treatment of black fungus.
Covid has strengthened our health systems
February 18, 2021
A sense of purpose This year’s Budget has made a strong push for health and wellbeing - PUNIT PARANJPE
A sense of purpose This year’s Budget has made a strong push for health and wellbeing - PUNIT PARANJPE×
The response to the pandemic offers valuable lessons in the fight against old enemies like malaria
As the curtains dropped on a rather unforgettable year, the World Malaria Report 2020 brought cheer for India. Reported malaria cases were down by 46 per cent in 2019 compared to 2018. India accounted for the largest decline in malaria cases in the South-East Asia in 2000-19. The National Vector Borne Disease Control Programme (NVBDCP), which has been relentless in driving the malaria elimination goal, deserves much of the credit.
Stocks in the news: HUL, Axis Bank, Kotak Bank, Indiabulls Realty and GAIL
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Last Updated: Jan 27, 2021, 07:40 AM IST
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PNB Housing, Nippon LIfe Asset Management and India Cements are among companies which will announce their December quarter results on Wednesday.
ThinkStock Photos Kotak Mahindra Bank s consolidated profit after tax (PAT) grew 11 per cent to Rs 2,602 crore in the third quarter ended December.
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Nifty futures on the Singapore Exchange traded 110.5 points, or 0.78 per cent, higher at 14,191.50, after falling considerably in Tuesday s trade. Domestic bourses, which were closed on Tuesday on account of Republic Day, would play a catch up on Wednesday. Here are a few stocks which may buzz the most in today s trade:
January 27, 2021
A Group of Ministers has advised against the BSNL–MTNL merger, Business Standard reported. This essentially ends any prospect of the merger between the two debt-ridden telecom operators from happening; the Union Cabinet is reportedly set to formalise a recommendation that the merger be averted. The combination is a part of a ₹29,000 crore revival plan for the state-owned telcos, which have just completed implementation of a Voluntary Retirement Scheme to reduce their payroll expenses.
The GoM reportedly said that merging BSNL and MTNL would burden the larger telco’s finances heavily. MTNL operates almost exclusively in the national capital and Mumbai, and abroad in Mauritius. The revival plan also reportedly involves monetising both telcos’ assets and merging the telcos’ networks, with many staff moving to BSNL from MTNL.