GoM to look into GST rates on Covid vaccines, drugs, devices

The domestic equity market saw a stellar run on Friday and reclaimed lifetime highs. And rightly so, the fear gauge, INDIA VIX, is at 17 from levels of 86 back when Covid hit India last year. A lot has changed in the past year: 2020 was the Year of the Unknown with there uncertainty around Covid transmission rate, possibility of vaccine, impact on the economy etc., but this time there is more understanding of the situation.

The start of 2021 was all about technology and PSU growth. Then it transitioned to Special Purpose Acquisition Companies (SPAC), then it moved to Bitcoin and commodities and now we are witnessing some amount of cooling. India Inc undertook a number of cost-cutting measures last year, but now the scene has taken a U-turn.