SALON BILLS DECREASE
GST on salon services & health clubs: Did your beauty treatment get cheaper?
Good news for salon-goers! The GST Council has slashed the tax on beauty and wellness services, including salons and health clubs, from 18% to 5%. This reduction aims to make these services more affordable for consumers. Additionally, GST rates on personal care products like soaps and shampoos have also been reduced to 5%, easing the financial burden on households.
Real-money game over, battle will now shift to the old field
Following the real-money game ban in India, traditional gaming studios anticipate growth as RMG players migrate to casual gaming. This shift is expected to attract investment and talent, with developers focusing on in-app purchases and subscriptions. An industry association has formed to engage with regulators, seeking support and incentives for the gaming sector's continued development.
How Jaipur-based AU Small Finance Bank plans to plug a $400 billion credit gap
India’s largest small finance bank has recently bulked up and is now looking to utilise its heft to increase its presence in MSME lending. How successful would it be, is the billion-dollar question.
Board rejig at Aakash; govt tables data bill in Lok Sabha; and Zomato delivers maiden profit
Happy Friday! US hedge fund Davidson Kempner has started reconstituting the board of Byju’s crown jewel, Aakash Educational Services Ltd (AESL), in an effort to turn around and improve the governance at the crisis-hit edtech company. This and more in today’s ETtech Morning Dispatch.
Future of work: What to expect after coronavirus crisis blows over
Factors will determine if your job profile will evolve. However, don’t expect a change where the business-efficient alternative is to replace you to save nonproductive costs or deal with change in customer behaviour.
