Prime Minister Narendra Modi spoke with Israeli Prime Minister Benjamin Netanyahu regarding the Israel-Hezbollah conflict, expressing India’s commitment to supporting peace efforts in West Asia. Modi emphasized the importance of preventing terrorism and regional escalation, as well as ensuring the safe release of all hostages. India remains steadfast in adhering to these principles for promoting peace and stability in the region.
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GST Council may increase tax on old and used vehicles, including EVs, to 18%
The GST Council's Fitment Committee has proposed raising the GST rate on old and used electric vehicles from 12% to 18%, aligning with the existing tax structure for larger vehicles and SUVs. This potential increase could make second-hand EVs less appealing to buyers and lead to higher overall taxation on second-hand vehicle sales, potentially impacting the resale market. The council is set to discuss this recommendation at their upcoming meeting in December in Jaisalmer, Rajasthan....
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