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GST RollOut: India Against The World

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The year was 1954. In an attempt to reduce tax evasion, France introduced a new scheme which since has been adopted by more than 160 countries, the Goods and Services Tax.  With an aim to introduce the concept of One Nation, One Tax, India recently joined the GST bandwagon to unite indirect taxes under one umbrella. In light of India’s newest entry, let’s take a look at how the GST taxes are levied around the world.

Just like the Indian Constitution, the GST has also drawn inspiration from other countries. The dual GST system which allows both levels of the Government to levy and collect taxes is similar to that applied in Canada and Brazil. In Canada, the Goods and Service tax is levied by the Federal government while the State levies the Provincial sales taxes ranging from zero to ten percent. Brazil also follows a similar structure with the Federal tax imposed by the center varies from 17% to 18% and the State tax varies between 4% and 255.

In India, however, GST is broken into four slabs between 5,12,18 and 28 percent but there are seven categories of taxes in total. While 75% of goods and services fall under the blanket tax of 18% certain commodities and services can be charged with 28% tax rates. In a majority of the countries around the world, a single central GST tax is levied sticking to the concept of One Nation, One Tax. Singapore, Malaysia, New Zealand, Thailand, Australia, Denmark, Germany, Indonesia, Mauritius, South Africa and the United Kingdom to name a few have only one tax rate across the country.

A strong reason behind India having a dual GST structure lies in the irregular distribution of finances with the majority of the population still living in rural areas. Another notable difference is the GST is payable at the final point of consumption meaning that current taxable events such as manufacturing of goods and rendition of services will not be relevant under the new regime.

The United States of America, despite being a major economy in the world does not have GST as States have high autonomy in taxation. Australia had one of the most smooth implementations of GST in 2000 with a rate fixed at 10%. Malaysia joined the GST bandwagon with 6% rate in 2015, after 26 years of debate. France levies GST at the rate of 19.6%  today, while the GST rate in the United Kingdom is 20%. 

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Piyush Anchliya Joins Cashfree Payments as CFO Amid Expansion in India’s Fintech Sector

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Cashfree Payment - StartupStories

Cashfree Payments has appointed Piyush Anchliya as its new Chief Financial Officer (CFO), effective April 15, 2025. Anchliya brings over 15 years of experience in investment banking, corporate finance, strategy, and mergers and acquisitions, with senior roles at Barclays, Bandhan Group, and most recently as CFO of Bandhan AMC. He holds an MBA from IIM Ahmedabad and a B.Tech. from IIT Kharagpur.

In his new role, Anchliya will lead Cashfree’s financial strategy, optimize operations, and support the company’s next growth phase. He will report to CEO and Co-founder Akash Sinha, who highlighted Anchliya’s expertise as vital for sustainable scaling and strengthening the company’s financial foundation. Anchliya succeeds outgoing CFO Vikas Guru, who will assist during the transition.

Founded in 2015, Cashfree Payments processes over $80 billion annually for more than 800,000 businesses. The company recently raised $53 million in funding led by KRAFTON and Apis Growth Fund II and secured key RBI licenses, positioning it for accelerated growth in India’s fintech sector. Anchliya’s appointment comes at a pivotal time as Cashfree aims to expand its leadership in digital payments.

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Flipkart’s Jeyandran Venugopal Likely to Join Reliance Retail as CEO

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Jeyandran Venugopal, the outgoing Chief Product and Technology Officer of Flipkart, is set to become the CEO of Reliance Retail Ventures (RRV), the retail arm of Reliance Industries. His appointment, expected to be finalized in May after his exit from Flipkart, signals Reliance’s push to strengthen its retail business with a technology-first approach.

Venugopal brings extensive experience from leading roles at Flipkart, Myntra, Yahoo, Snapdeal, and Amazon, where he focused on scaling technology platforms and driving innovation. At Flipkart, he managed product, engineering, data science, and more, helping build robust systems and improve user experience.

His move comes as Reliance Retail undergoes transformation, including cost-cutting and a renewed focus on digital growth. Venugopal’s leadership is expected to accelerate Reliance’s ambitions in omnichannel and tech-driven retail, positioning the company for continued dominance in India’s evolving market.

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Delhivery’s Acquisition of Ecom Express: A Major Consolidation in Indian Logistics

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Delhivery, one of India’s leading logistics companies, has announced its acquisition of Ecom Express in an all-cash deal valued at ₹1,407 crore. This strategic move marks one of the largest consolidations in the logistics sector and is expected to enhance Delhivery’s scale, profitability, and operational efficiency.

Background

Ecom Express, founded in 2012 and headquartered in Gurugram, has faced significant financial challenges recently. The company canceled its IPO plans in 2024 and laid off hundreds of employees due to operational setbacks, including losing a major client, Meesho, which shifted to its in-house logistics service Valmo. These struggles led to a distressed sale, with private equity investors like Warburg Pincus and Partners Group exiting their stakes entirely.

Strategic Benefits for Delhivery

  1. Enhanced Scale: The acquisition will strengthen Delhivery’s network reach and infrastructure, enabling better service delivery across India.
  2. Operational Synergies: Combining operations with Ecom Express will improve efficiency and reduce costs through economies of scale.
  3. Competitive Edge: With Ecom Express as a subsidiary, Delhivery solidifies its leadership position in the logistics space by offering broader coverage and faster services.

Challenges Addressed

The acquisition mitigates risks from Ecom Express’ financial struggles while addressing past disputes between the two companies over inflated shipment volumes reported by Ecom Express during IPO filings.

Future Outlook

The deal is expected to close within six months after regulatory approval from the Competition Commission of India (CCI). Post-acquisition, Ecom Express will operate as a subsidiary of Delhivery, unlocking new growth opportunities such as advanced logistics technology integration and expanded customer reach.

With ₹5,488 crore in cash reserves as of September 2024, Delhivery is well-positioned to finance this acquisition without compromising financial stability. This move underscores Delhivery’s commitment to innovation and efficiency in India’s rapidly evolving logistics landscape.

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