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GST relief for farmers as tax on retreaded tractor tyres cut to 5% from 1 November

New Delhi: As the winter crop sowing season gathers pace, the government has notified changes to goods and services tax (GST) rules that could offer relief to farmers.According to finance ministry notifications issued on 27 October, the measures include a 5% tax rate on retreaded tractor tyres and clarification on the tax treatment of certain fertilizers and seaweed-based products. The…

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India, Mexico launch negotiations for preferential trade agreement

New Delhi: India and Mexico have formally launched negotiations for a preferential trade agreement (PTA), signing the terms of reference that define the scope and framework for talks aimed at expanding bilateral trade and investment, according to a press statement from the commerce ministry.The move is part of India’s broader efforts to forge bilateral trade deals to bolster exports at…

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Vijay-led Tamil Nadu govt hikes autorickshaw fares: Check new rates, waiting charges, night-time fares here

The Tamil Nadu government, led by Chief Minister Vijay, hiked auto-rickshaw fares after a 13-year hiatus. The revised rates were notified in the Tamil Nadu Government Gazette on Tuesday, October 28, under Section 67 of the Motor Vehicles Act, 1988.The fare structure was revised for contract carriage autorickshaws operating in the Chennai Metropolitan Area and other regions of the state,…

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