Mint Morning Digest: New GST rates, monsoon session, inflation worries Indians

New GST rates from today: Know what became cheap and expensive. Complete list

Customers will have to pay more on certain products and services from today as a series of decisions of the GST Council take effect. Goods and Services Tax (GST) is set to be levied on some items, while the tax expenditure on some items is set to come down as many decisions by the GST Council are effected. read more

Indian family worried about Ukraine conflict, inflation

According to Kantar’s Global Issues Barometer Survey, Indian households are now reporting growing concerns around conflict, the state of the economy and unprecedented high inflation in Ukraine, with fears of a looming COVID-pandemic. read more

How to know if a digital lending platform is fake

Here are some measures that users can take to ensure that they are transacting with a genuine digital lender. read more

Tax breaks that you will forfeit if you fail to file ITR on time

The due date for filing Income Tax Return (ITR) for the Assessment Year 2022-’23 (Financial Year 2021-’22) is 31st July. This time limit is for individual taxpayers who are not required to get their accounts audited. Missing the deadline not only entails a penalty, but you will also have to pay some tax breaks for late filing of returns. read more

HDFC Bank will consider listing of units only after merger

The bank’s managing director and chief executive officer, Shashidhar Jagadeesan, said HDFC Bank Ltd. will consider its brokerage and public listing of non-banking financial company (NBFC) units. read more

Government to introduce 24 bills in monsoon session

The government will introduce 24 bills in the busy month-long monsoon session of Parliament beginning Monday, seeking reforms in the Insolvency and Bankruptcy Code (IBC), the Competition Act, mining regulations and the Special Economic Zone regime. read more

Plan to shift imported coal power plants to Indian fuel

The Center is planning to provide domestic coal linkages to all imported coal-fired power plants and run them largely on domestic fuel to prevent global supply shocks from disrupting power generation, two officials aware of the developments said. read more

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