Applied Materials, the US-based semiconductor equipment manufacturer, is in discussions with the Karnataka government to establish a Center of Excellence for innovation and an R&D lab in Whitefield, Bengaluru, emphasizing the importance of chemicals, gases, and ease of doing business in the semiconductor ecosystem.

The GST Council, chaired by Union Finance Minister Nirmala Sitharaman, has decided to delegate the taxation of Extra Neutral Alcohol (ENA) to states and has reduced levy rates on millet flour and molasses. These changes aim to streamline taxation and benefit various sectors, including sugarcane farmers.

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