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The Goods and Services Tax (GST) panel is mulling various methods to boost revenue collections, among which one suggestion is to raise the 5 percent tax slab to 6 percent, as per a Business Standard report. The slab-restructuring is expected to bring in additional revenue of Rs 1,000 crore per month, amid dismal collection numbers, the paper added. The panel may meet in mid-December to consult with states and GST officials. Moneycontrol could not independently verify the report. Other suggestions include bringing goods and items formerly taxed under either value-added tax (VAT) or purchase tax, increasing compensation cess for cigarettes and aerated drinks, and removing exemption list items that attracted some form of taxation in the pre-GST regime. According to the official data, the 5 percent slab accounts for close to 5 percent of GST collection, 60 percent from the 18 percent slab, 13 percent from the 12 percent slab and 22 percent from the 28 percent slab. The auto sector is not … [Read more...] about GST Panel to raise 5% slab to 6% to boost revenues: Report

Xiaomi’s Mi 9 Pro and Mi Note 10 are arguably two of the company’s best smartphones. The Mi Note 10, which debuted with a 108-megapixel Penta-camera setup on the back, is yet to make its way to Indian markets but that still hasn’t stopped Xiaomi officials from announcing its next flagship.Although there’s no official confirmation from the company; Xiaomi co-founder and president Lin Bin confirmed the Mi 10 Pro through a reply to a user’s post on Chinese social media platform Weibo.While no details about the phone have been disclosed, we now know that the company will launch more than one Mi 10 variant.Close The Chinese smartphone maker launched the Mi 9 and Mi 9 SE in February last year, while the Mi 9T followed in June and the Mi 9 Pro didn’t arrive until September. This time out, Xiaomi will likely launch at least three to four versions of the Mi 10 series, including a possible standard, mid-range, Pro and 5G models. related news Huawei … [Read more...] about Xiaomi Mi 10 Pro confirmed by company co-founder on Weibo

Motorola has stepped up their smartphone game in 2019. The brand has delivered handsets that offer better value than previous generations, including the Moto G8 Plus, Moto One Zoom, and Moto One Hyper. Moving past the mid-range smartphone market, Motorola also dabbled into Foldable smartphones and bringing back the fan-favourite Moto Razr in a new foldable attire.However, even the foldable Razr, like all other Motorola handsets, packs mid-range specs, falling several miles short of a flagship. But the company is gearing up to leap to the next level in 2020. At the Qualcomm Tech Summit in Hawaii, Motorola announced it would be bringing back top-tier, premium flagship smartphones.According to Motorola, the phones would be powered by the Snapdragon 865 and Snapdragon 765 chipsets, all but guaranteeing 5G connectivity. Motorola also confirmed that its upcoming premium smartphones would feature advanced camera prowess.Close Sergio Buniac, Motorola Mobility President, said, “Thanks to … [Read more...] about Motorola confirms flagship 5G smartphones with advanced camera performance in 2020

Less than a month after the Supreme Court's contentious verdict in the land dispute case. The 27th anniversary on Friday of the Babri Masjid's demolition in Ayodhya is likely to be a low key affair with both Hindu and Muslim religious leaders downplaying the occasion and tight security measures being in place.The 27th anniversary on Friday of the Babri Masjid's demolition in Ayodhya is likely to be a low key affair with both Hindu and Muslim religious leaders downplaying the occasion and tight security measures being in place.In the early hours of the day, life went on as normal in different parts of the city with school children and morning walkers taking to the streets and shops and businesses opening at their usual time.Close While right-wing Hindu organisations in the past 'celebrated' the day when a mob had pulled down the mosque on the disputed site in 1992, this year the Vishwa Hindu Parishad (VHP) has decided against observing 'Shaurya Diwas'. related news … [Read more...] about Babri anniversary: Ayodhya remains calm; tight security measures in place