No GST to be paid for penal charges levied by banks on borrowers: Nirmala Sitharaman

No GST to be paid for penal charges levied by banks on borrowers: Nirmala Sitharaman

Dec 21, 2024 10:10 PM IST The 55th meeting of the GST council In Jaisalmer, Rajasthan also made revisions to rates applied on fortified rice kernels and gene therapy. Finance minister Nirmala Sitharaman on Saturday said that the Goods and Services Tax (GST) would not be imposed on penal charges levied on borrowers by banks…

Business News Live Today December 21, 2024: Starbucks strike: Why are the company’s employees in the US protesting?

Business News Live Today December 21, 2024: Starbucks strike: Why are the company’s employees in the US protesting?

Latest news on December 21, 2024: Former employees and supporters join unionized Starbucks employees as they carry signs in support of a strike, outside of a Starbucks store in Arlington, Virginia, on November 16, 2023 Business News LIVE Updates Today: Follow for stories on Bill Gates, Elon Musk, Mukesh Ambani, Gautam Adani as we bring…

Mukesh Ambani dominates Pakistan’s 2024 Year in Search list: Here’s what people Googled about the billionaire | Trending

Mukesh Ambani dominates Pakistan’s 2024 Year in Search list: Here’s what people Googled about the billionaire | Trending

Google released the data of 2024 searches by Pakistanis, and Mukesh Ambani is the Indian who made it to the list under the “most searched people” category. The queries were not just about the net worth of Asia’s richest man but also about his family. Indian billionaire and Asia’s richest man Mukesh Ambani appeared under…

Insurance, plane fuel might get cheaper as GST Council mulls lowering taxes

Insurance, plane fuel might get cheaper as GST Council mulls lowering taxes

The 55th GST Council meeting which is expected to decide on reducing tax rate on health and life insurance, besides considering rate rejigs on 148 items began here on Saturday. Union Finance Minister Nirmala Sitharaman chairs the 55th meeting of the GST Council, in Jaisalmer(PTI) The GST Council, chaired by Union Finance Minster Nirmala Sitharaman…

Starbucks strike: Why are the company’s employees in the US protesting?

Starbucks strike: Why are the company’s employees in the US protesting?

Some members of the Starbucks workers’ union which represents more than 10,000 baristas across 525 stores in the US, walked off their jobs in multiple cities on Friday, December 20, 2024, as part of a protest. Former employees and supporters join unionized Starbucks employees as they carry signs in support of a strike, outside of…

Google counters bid by US to force sale of Chrome, calls proposed remedy extreme

Google counters bid by US to force sale of Chrome, calls proposed remedy extreme

Alphabet Inc.’s Google called a US Justice Department plan to force it to sell its web browser “extreme” and at odds with the law, urging a federal court judge to take caution lest he stifle innovation and future investment. A Google logo is seen at Google’s Bay View campus in Mountain View, California on August…

The future of data extraction: How AI will improve OCR accuracy across industries

The future of data extraction: How AI will improve OCR accuracy across industries

Optical Character Recognition (OCR) technology has significantly advanced data extraction by converting printed text into machine-readable formats. From historical manuscripts to contemporary administrative documents, OCR has streamlined tasks across various sectors. Despite its widespread use, OCR accuracy remains a challenge, especially when dealing with complex layouts, handwritten text, low-quality images, and diverse font styles. The…

Google exec says job which doesn’t need a college degree is in high demand

Google exec says job which doesn’t need a college degree is in high demand

Data analytics is a profession high in demand that could pay six-figure salaries without requiring a traditional college degree, according to a Moneycontrol report which cited Lisa Gevelber, Vice President at Google and founder of the Grow With Google program. Data analysts identify trends from raw data and interpret them to create insights which can…

GST Council postpones decision to cut tax on life and health insurance

GST Council postpones decision to cut tax on life and health insurance

Dec 21, 2024 01:47 PM IST 18% GST will continue on premiums paid for policies with health insurance cover of over ₹5 lakh. The GST Council on Saturday postponed a decision on cutting tax rate on life and health insurance premiums, officials said. Revenue Secretary Sanjay Malhotra attends a GST Council meeting with Union Finance…