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.
Glenmark’s Q3FY18 operating performance was lower than our estimates. Net revenues at `22 bn were down 13% y-o-y, 0.8% lower than our expectations.
We visited Jindal Steel and Power (JSP)’s Angul, Raigarh and Tamnar facilities. Crude steel production at Angul is gathering pace.
Although volatile & wider vs expectation, trends broadly reflect a strengthening core profitability, peak stress but elevated provision needs.
Two months ahead of assembly elections, Karnataka chief minister Siddaramaiah presented the budget for 2018-19, rolling out sops such as free LPG connections and a universal healthcare plan.
The Yogi Adityanath government on Friday tabled a `4.28-lakh-crore budget for FY19 — 11.4% higher from last year’s — that primarily focuses on infrastructure.
The Uttar Pradesh budget for 2018-19 has projected total receipts of Rs 4,20,899.46 crore in the next fiscal, leading to a deficit of Rs 44,053.32 crore or 2.96 per cent of the state GDP.
With an aim to soon come out with 5G network, government is finalising a foolproof roadmap. India’s 5G roadmap will be unveiled by June this year.
Indian Prime Minister Narendra Modi has big plans for road building, and part of it includes giving weaker infrastructure contractors greater access to the local bond market.