Business Industry

Coimbatore MSMEs Hope for Lower GST Rates

By BPN News Desk
Micro, Small and Medium Enterprises (MSMEs) in Coimbatore have raised concerns over the impact of high Goods and Services Tax (GST) rates on their operations. Manufacturers and suppliers in sectors such as textiles, foundry, engineering tools, and pump sets argue that current tax slabs have increased input costs and reduced profit margins. Many also point […]
Business Finance

India Plans 2-Slab GST System by Diwali

By BPN News Desk
The government has proposed reforms to simplify the Goods and Services Tax (GST) into a two-slab system, targeting implementation by Diwali to reduce the tax burden on everyday items and benefit small businesses. Proposed Restructuring The Finance Ministry has submitted a proposal to the Group of Ministers to consolidate the existing four-rate GST structure (5%, […]
Business

SBI Suspends Overseas Dealings with Nayara Energy

By BPN News Desk
The State Bank of India (SBI) has suspended all international trade and foreign currency transactions for Nayara Energy, citing concerns over potential exposure to U.S. tariffs and European Union sanctions linked to the company’s partial Russian ownership. Compliance Over Commercial Considerations The decision, taken as a precautionary compliance measure, reflects growing
Business

China Advises Firms Against Using Nvidia’s H20 Chips

By BPN News Desk
Chinese authorities have issued guidance urging public and private entities to avoid using Nvidia’s H20 AI chips, particularly in projects linked to government or national security. The H20, designed as a scaled-down version of Nvidia’s advanced processors to comply with U.S. export controls, is now discouraged in sensitive applications. Concerns Over Security and Push for

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