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). […]

Continue Reading

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, […]

Continue Reading

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 […]

Continue Reading

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) […]

Continue Reading

Auto firms continue to aid COVID relief in India

Apart from their usual CSR activities, automobile firms in India are lending a helping hand and monetary resources.  Bangalore: BMW Group India stepped up once again to battle COVID19 in India after Toyota Kirloskar Motor announced relief measures for its employees by providing easy access to healthcare. With the previous funding, the BMW India Foundation […]

Continue Reading

Bakeries not a breakfast place during lockdown

Online orders are not enough for the bakery business to survive. Ludhiana: Anubhav Grewal, the CEO at Bake Fresh feels miserable when freshly baked cakes, wrapped in colorful fondant, pastries, puffs and patties remain unsold.  “You won’t really find people in the city waking up early in the morning to step out and buy cakes, […]

Continue Reading

Lockdown brings trouble for Ludhiana hosiery industry

Ninety-five percent of hosiery industries in the city are running in losses. Ludhiana: While people stay indoors in their pyjamas, the people making these pyjamas struggle. The hosiery industry in the city has been suffering losses since the pandemic. Vipul Goel, owner of Makhan Hosiery Works (Goel Industries), said that 95 percent of the hosiery […]

Continue Reading