The government could turn less ambitious on the invoice-matching mechanism, one of the crucial anti-evasion measures in the goods and services tax (GST) regime, as it now reckons that cost of complying with then system to taxpayers and the tax department far outweighed the potential gains by way of plugging revenue leakages.
Number of workers affected due to strikes and lockouts in the January-October period of 2017, however, exceeded the respective numbers of 2016 and 2015
The state government has pulled out all the stops preparing for the two-day Uttar Pradesh Investors Summit 2018, beginning February 21.
The Delhi Mumbai Industrial Corridor and Development Corporation (DMICDC), after successfully awarding more than Rs 15,000-crore packages in the first phase of construction in Maharashtra, Gujarat and Greater Noida, is in an advanced stage of awarding two big multi-modal logistic hubs, valued at Rs 10,200 crore, in Uttar Pradesh and Haryana by the end of June.
Saying that Maharashtra a key role in making India make it to the top 50 target on the World Bank’s Ease of Doing Business index, NITI Aayog CEO Amitabh Kant praised the state for playing a stellar role in lifting country’s rank to top 100.
Chief Minister Devendra Fadnavis today said for Maharashtra to become a USD 1-trillion economy by 2025 it needs to grow at a 15.4 percent per annum.
Suresh Prabhu informed that government has called a meeting of all state ministers to discuss on the export strategy.
Investments would come in almost every sector, including aerospace, logistics and electric vehicle manufacturing and services industry, he added.
The Goods and Services Tax (GST) Council, headed by Finance Minister Arun Jaitley, is likely to meet next week to decide on ease of compliance in filing the GST returns.
The prospect for FY19 is not bright either as at least six states are implementing farm loan waivers and most are to factor in Pay Commission-induced salary increases for their staff.
After UDAY was implemented in November 2015, AT&C losses at the national level had fallen 1.8 percentage points to 23.9% in FY16.
Modi noted his government has taken a slew of steps to ensure all-round development of India with an ecosystem omprising a development-friendly, investor-friendly governance with minimal governmental interference.
The BJP-led government’s budget reforms have created a new work culture and are transforming the socio-economic landscape of the country, Prime Minister Narendra Modi said here today.
Modi at Global Investors’ Summit: In his speech, PM Modi said, “This event is a brilliant example of competitive cooperative federalism.” He highlighted the good work being done in various states of India regarding attracting investment. He said, “There is great competition between states to encourage investments. All state governments are focussing on it.”
Parrikar was admitted to Lilavati Hospital in Mumbai on February 15 for mild pancreatitis. He is doing well and under observation at the hospital.
Implementation of the Goods and Services Tax (GST) has had a positive impact on the logistics of businesses, while glitches in the GSTN portal, cumbersome procedures and cost of compliance remain major areas of concern, industry body Ficci said on Sunday, citing its survey in this regard.
With an aim to propel the Centre’s e-mobility initiatives, the government is likely to restructure two apex bodies — the National Council for Electric Mobility and the National Board for Electric Mobility — to ensure better inter-ministerial coordination.
With the Budget session of the Goa Legislative Assembly beginning tomorrow, industry is expecting the state government to make its stand clear on the crisis-hit mining sector and creation of employment for locals.
In this regard, consumers urged the involvement of the Department of Consumer Affairs’ Legal Metrology Division to ensure that this practice by e-commerce sites and retail stores is put to an end.
High rentals and difficulty in retaining experienced staff are key challenges faced by the restaurant industry in Mumbai and Bengaluru, said the survey titled ‘Bon Appetit – Emerging trends, opportunities and challenges in Indian restaurant industry’.
Crisil said it has sought clarity from PNB to understand the timeline and quantum of crystallisation of this contingent liability, prospects for recovery, estimated provisioning, potential impact on capitalisation ratios and expectation of additional capital support, among others.
MSCI, the provider of index services, in a statement issued late on Thursday termed the decision by Indian stock exchanges not to provide Indian indices or the data including the price of Indian securities to foreign exchanges as disruptive and harmful to international institutional investors in Indian equities.
In a bid to reduce litigation in matters related to indirect tax, the finance ministry said it has compiled 63 cases where the Central Board of Excise and Customs has accepted the orders of various courts and tribunals so that identical pending cases can be expeditiously decided.
The Centre has decided to launch more than one schemes to ensure that farmers receive at least the MSP rate for their crops, and states will be given the freedom to adopt a plan.
The real estate sector has started showing signs of revival. According to the FICCI-NAREDCO-Knight Frank India’s latest survey findings for the period of October-December 2017, the realty sector is slowly but surely coming out of the doldrums.
Insolvency proceedings can be started against a company even if the winding up petition against it is pending in a high court, the principal bench of the National Company Law Tribunal
The Trump administration on Friday said it would offer the largest oil and gas offshore auction in US history on March 21 for areas in federal waters off the Gulf Coast.