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BusinessEconomic Times ·

Israel's 2019 lunar mission made history as first privately funded moon landing attempt

In 2019, Israel launched its first mission to the moon. The spacecraft, named Beresheet, was a historic endeavor as the first privately funded mission attempting a lunar landing. It successfully orbited the moon but ultimately crashed during its landing sequence. The mission was a collaborative project involving the non-profit SpaceIL and Israel Aerospace Industries.

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BusinessEconomic Times ·

GST Council Allows Tax Credit on Employee Health and Life Insurance

The GST Council, led by Finance Minister Nirmala Sitharaman, has approved a key change in tax rules. It now permits businesses to claim Input Tax Credit on health and life insurance premiums paid for employees. This decision was made during the Council's 53rd meeting on June 22, 2024, in New Delhi. The move aims to reduce the cost of providing such benefits and is expected to lower overall business expenses.

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BusinessEconomic Times ·

Susan Dell's Philanthropy Extends Beyond Support for Trump Campaign

Philanthropist Susan Dell's charitable giving has been reported to include donations beyond her support for Donald Trump's political campaign. Her philanthropic activities cover a range of causes, as documented by The Economic Times. This broader scope of donations highlights the extent of her personal and family giving. The report clarifies that her support for Trump is one part of a wider philanthropic portfolio.

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BusinessEconomic Times ·

Builder cancels flat after Rs 23 lakh payment, consumer court rules for buyer

A consumer court in Bengaluru has ruled in favor of a flat buyer against a real estate developer. The developer had canceled the buyer's apartment booking after receiving Rs 23 lakh in payments. The court ordered the developer to refund the full amount with 9% annual interest. The ruling also directed the builder to pay Rs 50,000 in compensation for causing mental agony and legal costs.

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BusinessEconomic Times ·

Iran to respond to US Middle East peace proposal within days

Iranian officials will deliver a formal response to a US-backed peace plan for the Middle East within the coming days. The proposal was presented to Tehran recently, though its specific details were not disclosed. This development follows ongoing diplomatic exchanges between the two nations regarding regional stability. The response is anticipated to shape the next phase of negotiations on the matter.

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BusinessEconomic Times ·

India to introduce GST reforms and other economic measures, holds policy rates steady.

The Indian government has announced eight major economic reforms focused on providing GST relief to taxpayers. These measures will not include cuts to key policy interest rates. The decisions were reported by the Economic Times, though a specific announcement date was not provided. The reforms are intended to address economic concerns and ease compliance under the Goods and Services Tax regime.

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BusinessEconomic Times ·

GST Council retains current tax rates, offers relief on multiple fronts

The GST Council, chaired by Finance Minister Nirmala Sitharaman, concluded its meeting without restructuring the main tax slabs. Instead, it announced a series of measures providing relief to various sectors and taxpayers. Key decisions included waiving interest and penalties on tax demand notices issued between 2017 and 2020. The Council also exempted services like hostel accommodation and railway platform tickets from GST. These moves aim to reduce litigation and address specific taxpayer grievances under the current rate framework.

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BusinessEconomic Times ·

Dasgupta Says GST Benefits West Bengal

Former MP Gurudas Dasgupta stated that the Goods and Services Tax (GST) is advantageous for West Bengal. He made these remarks in an article for The Economic Times. Dasgupta, a veteran parliamentarian, emphasized the tax system's positive impact on the state. His comments come amid ongoing national discussions about GST's effectiveness.

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