Decline in sales ring alarm bells in automobile industry

The Covid-19 pandemic has affected the income of middle-class households. Reports state that automobile sales in India decreased in the fiscal years 2020 and 2021 compared to 2019 with the onset of the Covid-19 pandemic. . With over 295 million registered vehicles in 2019, India’s automotive business was one of the world’s largest, report states. […]

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Indian consumers now subscribe, not buy

Rather than owning products, consumers now prefer to subscribe to them as services.  Subscription economy in India is growing beyond media and entertainment as businesses across industry sectors are now offering subscription services. Change in consumer behaviour has fuelled the growth, with people opting to use these services instead of buying products. India has approximately […]

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India tested negative on trade balance

The trade balance for service sectors stands at 49.50 percent, however, the oil and non-oil trade stands at minus 78.13 percent which increases the price of consumer goods. Bengaluru: While the service trade balance showed a healthy increase after the pandemic, the merchandise trade has a deep fall said the Reserve Bank of India (RBI). […]

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Sewage treatment becomes costlier

Around 15,000 apartments in Bengaluru are mandated to set up sewage water treatment. Residents worry about high tax on installation and operation. Eighteen percent Goods and Services Tax (GST) on water treatment plants is discouraging sewage treatment users in Karnataka.The government has mandated water treatment installation in apartments. The high GST concerns residents. Chandrani Sarkar, […]

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Bengaluru artists bear the brunt of COVID-19

Due to COVID-19, local artists are unable to earn money to buy art materials and afford necessities. Bengaluru artists have lost customers and money due to COVID-19. Customers spent less on art due to the economic slowdown during the pandemic and so artists struggled financially, losing jobs and exposure in the industry. Puttaraju D has […]

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GST council meeting to discuss tax-free covid products today

The 43rd GST council meeting discussed the exemption of Covid-related products from the GST rate slabs. Chandigarh: The exemption of Goods and Services Tax (GST) on Covid-related products was on the agenda of the GST council meeting today, but experts suspect that the exemption might not take place. The Goods and Services Tax Council (GST) […]

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