World Bank says India will grow 7.2% in FY18, GST will deliver substantial gains
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The Bank said the implementation of a multi-tier GST starting 1 July will play an important role in transforming the Indian economy and lead to substantial economic gains. “The fact that India can achieve a major reform of indirect taxes without increasing the burden on the poor is in itself an achievement. Adding to this, the efficiency gains that the tax will achieve and the fact that the information generated through the GST on spending patterns will facilitate enforcement of personal and corporate income taxes, the impact of the GST introduction on equity and poverty should be positive,” it said.
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AstraZeneca's Covid-19 prevention therapy reduced the risk of infection in patients with weaker immunity in a late-stage trial, meeting its primary goal, the drugmaker said on Thursday.
The long-acting antibody therapy called sipavibart showed a "statistically significant reduction" in symptomatic Covid-19 cases among immunocompromised patients, the company said.
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Holding a roadshow in the Odisha capital in support of party candidates, BJP president J P Nadda on Thursday asserted that people of the state have "decided to give rest" to Chief Minister Naveen Patnaik by electing the saffron party to power.
Nadda, who was standing in a saffron-coloured open-hood vehicle flanked by Bhubaneswar's BJP MP and candidate Aparajita Sarangi and Ekamra-Bhubaneswar assembly seat's party nominee Babu Singh, was seen waving at crowds on both sides of the road during the roadshow from Mausina Chhak to Lingaraj temple.
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IT company Tech Mahindra on Thursday said it has collaborated with IBM to assist businesses worldwide in responsibly accelerating the adoption of generative AI (GenAI).
Under the partnership, TechM amplifAI and IBM watsonx will integrate to bring new GenAI and governance capabilities to enterprises, according to a company statement.
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Congress veteran Bhupinder Singh Hooda on Thursday said people are looking at his party with great hope and it is set for a clean sweep in Haryana in the Lok Sabha elections.
The former chief minister said the Congress is receiving overwhelming public support.
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The State Bank of India (SBI) has hiked interest rate on retail term deposits by 25-75 basis points for deposits up to 1 year, giving further push to competition for raising resources.
The revised rates for deposits came into effect from May 15, 2024.
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