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The Goods and Services Tax (GST) Council in its 50th meeting recommended taxing casino, horse racing, and online gaming at the uniform rate of 28% on full face value. The Council also recommended bringing down rates from 18 percent to 5 percent on 4 items - Uncooked, unfried & extruded snack palettes, fish soluble paste, LD slag to be at par with blast furnace slag, and imitation zari thread. The Council also recommended to exempt cancer-related drugs, medicines for rare diseases and food products for special medical purposes from GST tax., Economy News, Times Now

The Indian market's valuation has corrected from a PE of 24-25 to 20-21 times earnings. The market is currently hitting an all-time closing high as valuations have corrected and party typically starts after a PE of 22-23, making the equity party not overheated in any significant way. Although Patanjali Foods promotes a homegrown FMCG brand with extensive distribution, it still needs to prove its worth in the market. However, its relatively positive corporate governance front makes it more attractive.

The winner will also need to write a 500-word review of the movies, containing their personal thoughts on both movies as they relate to each other.

Analysts suggest, the RBI is essentially trying to remove any regulatory arbitrage that a wallet/ non-bank PPI may have versus a bank.

“I expect midcap indices to be more volatile both on the upside as well as downside. Among large caps, some of the new companies will probably take over from some of the older names in the Nifty in the next one year.”