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Govt proposes 20% GST on goods, 16% on services

NEW DELHI: The Union Finance Minister, Mr Pranab Mukherjee on Wednesday proposed a three-rate structure for the Goods and Services Tax -- which will simplify the indirect tax regime -- under which goods will attract 20 per cent levy, services 16 per cent and essential items a concessional 12 per cent.

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Munjals realign stake in Hero Honda

MUMBAI: Hero Honda - a joint venture between the Munjals and Japan’s Honda Motor Company – on Tuesday announced realignment in the ownership of stake of its Indian promoters’ holding in the country’s largest two-wheeler maker.

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