-The Times of India State Bank of India (SBI) has revised service charges on ATM (Automated Teller Machine) withdrawals for users of its mobile app "SBI Mobile Buddy", as well as for various other cash and online transactions, effective from June 1. The country's largest lender will start charging customers Rs 25 per transaction for withdrawing money from an ATM through its mobile wallet app from Thursday. The SBI mobile wallet allows...

-Livemint.com The GST Council has fixed a 12% GST rate on fertilizers, up from the current 4-8% rates, depending on raw materials used and in which states the products are sold New Delhi: India’s landmark tax reform, the goods and services tax (GST), may not be good news for farmers. Retail prices of commonly used fertilizers and micronutrients are likely to increase, not only raising the cost of cultivation but also leading...

-The Telegraph New Delhi: An umbrella organisation of publishers of educational books has pointed out that a 12 per cent tax has been levied on children's colouring books whereas "semi-pornography" books have been exempt under the goods and services tax, drawing attention to the perceived contradictions in the new Levy regime. "Semi-porn for free, but pay for colouring books," the Federation of Educational Publishers in India (FEPI) has titled its short media...

-PTI New Delhi: Joining the debate on taxing agriculture income, Chief Economic Adviser Arvind Subramanian today said states, which have the option to Levy the tax, should make a distinction between rich and poor farmers. “The legal situation is...nothing prevents state governments from taxing agriculture income. The constitutional restriction is on central government taxing agriculture income. “There too, one could make a case that this is a choice open to 29 state governments...

-The Hindu Business Line Proposes single trading licence, single-point Levy of market fee New Delhi: The Agriculture Ministry has come up with a new model Agricultural Produce Market Committee (APMC) Act proposing single-point Levy of market fee across a State and a united single trading licence for cost-effectiveness of transactions. It has also suggested abolition of fragmentation of market with the State/Union Territory by removing the concept of notified market area insofar as...