Auto industry GST slabs: First-time buyers, middle-income families to gain; sector seeks clarity on cess

The Goods and Services Tax (GST) Council reduced tax rates on vehicles. The automobile industry leaders welcomed this decision. They said it would boost demand and affordability. The new tax structure includes 5% and 18% slabs. Shailesh Chandra and C S Vigneshwar expressed positive sentiments. Sudarshan Venu said the cut would turbocharge growth.

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Illegal trading platform made Rs 800cr profit in India in just 9 months

The ED is investigating OctaFX, an illegal online trading platform, for laundering thousands of crores from India through transcontinental operations involving cryptocurrencies and international payment gateways. This platform alone generated Rs 800 crore in nine months, with funds layered via fake import services. Indians lost over Rs 22,800 crore in similar financial frauds in 2024.

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Narrow escape for schoolchildren in Bhojpur

A school bus carrying about a dozen children narrowly escaped a serious accident on the Ara-Patna four-lane road near Koelwar bridge. The bus collided with a truck, resulting in minor injuries to two children and serious leg fractures for the bus driver. The driver was freed with local and police assistance, and the accident caused…

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