Trucking industry in need of a lifeline, not just GST rate cut, say players

‘Only an all-round recovery of the economy can revive demand’ Even as the auto industry clamours for fiscal relief in the form of a GST rate cut, truck operators say there is no real benefit from such a move. GST... Read more

Industry insiders expect better occupancies in coming quarter after GST tax cut

NEW DELHI: Hospitality industry insiders are expecting better occupancies and growth in the upcoming festive and winter season following the reduction in GST rates on luxury and premium hotels in the country. The GST Council had on Friday slashed room rates for hotels with... Read more

Centre looks to cut GST rates as car sales slump persists in August

New Delhi: The Union government has finally decided to bite the bullet on a tax cut for the automobile sector, on a day the industry reported the worst August for passenger vehicles in 18 years. Dispatches to dealerships during the month plunged... Read more

Trump says economy would take off like ‘a rocket ship’ if Fed cut rates, ending tightening policy

President Donald Trump said Friday the U.S. economy would climb like “a rocket ship” if the Federal Reserve cut interest rates. Commenting after a strong jobs report for March, Trump said the Fed “really slowed us down” in terms of economic... Read more

China, Moving to Cut Emissions, Halts Production of 500 Car Models

Smog on a main thoroughfare in Harbin, China, in November. Officials are under intense pressure to rein in dangerous air pollution. CreditTao Zhang/Getty Images Want the latest climate news in your inbox? You can sign up here to receive Climate Fwd:, our new email... Read more

South Korea’s Powerful Family Business Ties Could Be Tough to Cut

Lee Jae-yong, center, vice chairman of Samsung Electronics, arriving for questioning in the corruption scandal that brought down President Park Geun-hye, at the office of the independent counsel in Seoul on Feb. 13. CreditPool photo by Jung Yeon-Je Forget Machiavelli,... Read more

Supermarket giant Tesco ‘in line for £105m business rates cut’

It is estimated Tesco will save upwards of £100m over the next five years Supermarket giant Tesco is in line for a £105m cut in business rates on its biggest stores, while small firms are set to be hit with... Read more

Middle-Income Wage Earners Need a W: Cut Business Taxes First

And reconciliation can be whatever you want it to be. After the breakdown of health-care reform, both President Trump and the Republican Congress need a W — a win. And not just any win, but one that will play into... Read more

The #DeleteUber campaign just forced Uber’s CEO to cut ties with Trump

Travis Kalanick, CEO of UberPhoto by Mike Windle/Getty Images for Vanity Fair Where technology and economics collide Uber CEO Travis Kalanick has withdrawn from Donald Trump’s economic advisory council, according to reports by the New York Times and Recode. The... Read more

Twitter India head Rishi Jaitly quits amid slowdown, job cut worries

File photo. Last August, Rishi Jaitly was also appointed as the vice-president of media for Asia-Pacific and Middle East North Africa markets at Twitter. Photo: Abhijit Bhatlekar/Mint Bengaluru: Twitter Inc.’s India head, Rishi Jaitly, announced that he is leaving the... Read more