Despite GST rate cut, Karnataka Hotels Association flags inability to reduce prices — here’s why

The Karnataka State Hotels Association have expressed the inability to pass on goods and services tax (GST) rate cut benefits to consumers due to unchanged taxes on LPG and property rent. The industry body urged the government to reduce GST on property rent to help hotels remain competitive, news agency PTI reported. The association has…

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Mint Explainer | Indian shrimp industry stares at another US levy. Can exporters survive the double whammy?

As if the 50% tariff imposed by the US was not debilitating enough, Indian shrimp exporters are staring at an additional levy—a potential anti-dumping duty of as much as 40%. Mint looks at the implications of these measures on exporters and the 16 million people dependent on the seafood sector, and whether India can diversify…

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S&P assigns ‘BBB’ credit rating to Bank of Maharashtra, signals growing stability

S&P Global Ratings on 24 September assigned ‘BBB’ long-term and ‘A-2’ short-term credit rating to Bank of Maharashtra (BOM), underlining the lender’s growing stability and appeal to investors. “Our ratings reflect extraordinary support from the government of India if needed. The long-term rating on BOM is one notch above our assessment of its stand-alone credit…

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