Business Finance

GST Council Approves Simplified Tax Slabs

By BPN News Desk
In the 56th GST Council meeting, Finance Minister Nirmala Sitharaman announced a new, simplified Goods and Services Tax structure. The overhaul reduces GST to two main slabs—5% and 18%—alongside a 40% rate for certain high-end or “sin” goods. Changes Aimed At Simplification And Relief The restructuring shifts hundreds of items, including everyday essentials like packaged
Business

EU Fines Google €2.95B Over Adtech Practices

By BPN News Desk
The European Union has fined Google €2.95 billion (about $3.5 billion) for abusing its dominance in the digital advertising technology sector. This is the fourth major antitrust action taken by the EU against the tech giant. Self-Preferencing Allegations Investigators concluded that Google unfairly favored its own advertising services, including AdX and DFP, while
Op-Eds Opinion

Delhi Bans Rummy but Shuffles the GST Deck

By BPN News Desk
The irony is too perfect. The Indian government banned online rummy, poker, and fantasy sports calling them “gambling,” thereby forfeiting nearly ₹20,000 crore in annual tax revenue. And yet, at the same time, it has embarked on its own gamble — GST 2.0 — giving up another ₹50,000–70,000 crore in revenues, all while running a […]

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