Region·6d ago
Banks get major relief as Karnataka High Court rules that minimum average balance in account not liable for service tax
The Karnataka High Court has ruled that banks are not liable for service tax related to the maintenance of a Minimum Average Balance (MAB) in customer accounts. The court stated that maintaining an MAB is merely a contractual condition and does not constitute payment for services rendered by banks. This decision quashes previous notices issued to several banks regarding this issue, affirming that penalties for not maintaining the MAB do not equate to consideration for services.
The Hindu - India · The Hindu - Karnataka
Region·7d ago
New multi-specialty hospital for Yadgir approved in Karnataka Cabinet meeting
The Karnataka Cabinet, led by Chief Minister D.K. Shivakumar, has approved the construction of a multi-specialty hospital in Yadgir, with ₹100 crore allocated for the project as announced in the budget by former Chief Minister Siddaramaiah. The hospital will provide essential medical services, including MRI scanning, and is expected to benefit the local population significantly.
The Hindu - Karnataka
Local·6d ago
Indians among 13 dead in Qatar explosion, says Qatar Minister
An explosion at the Barzan local gas supply facility in Ras Laffan Industrial City, Qatar, resulted in the deaths of at least 13 individuals, including Indians and Pakistanis, and injured 66 others. The incident occurred during the start-up of operations on June 21, 2026, prompting an immediate response from emergency teams to control the fire. The Indian Embassy in Doha is coordinating with local authorities to assist the affected families.
LiveMint - News · The Hindu - India