PTI | January 19, 2018 12:51 AM
Sharma said while addressing Internet and Mobile Association of India’s (IAMAI) 12th (rpt) 12th India Digital Summit. Sharma added that the time was ripe for entrepreneurs to create products in India for the local market.
FE Online | January 19, 2018 1:05 PM
The GST Council, in the 25th meeting on Thursday, announced tax rate cut on 29 items, while increased on 2. These 29 items include second-hand vehicles, confectionery and bio-diesel. Here’s the complete list
Pragya Srivastava | January 18, 2018 7:47 PM
Finance Minister Arun Jaitley said that the Council will choose the best possible options from those presented in the meeting today. The decision on the simplification of the GST returns is likely to be taken at the next meeting.
PTI | January 20, 2018 12:32 AM
Budget 2018: The forthcoming Budget should provide several policy measures to give a stimulus to the troubled agricultural sector, which in turn would help the cash-straved fertiliser companies, says a report.
FE Online | January 18, 2018 7:06 PM
The GST Council, in its 25th meeting on Thursday, decided to cut rates on as many as 49 items, while the E-Way Bill, which was approved in the last meeting for an early roll-out, was also discussed.
FE Online | January 18, 2018 6:31 PM
In the 25th GST Council meeting on Thursday, tax rate cut on 49 items was recommended, including 0% tax rate on handicraft products.
GST Council meet: Simplification of returns filing not finalised; to discuss in next meeting in 10 daysFE Online | January 18, 2018 6:16 PM
The 25th GST Council meeting on Thursday ahead of the Union Budget did not finalise simpler GST returns filing, however, Uttarakhand Finance Minister Prakash Pant said that there will another meeting in the next 10 days in which the decision of the simplification may be taken.
PTI | January 20, 2018 12:33 AM
Budget 2018: Ind-Ra, an affiliate of US-based Fitch, said it expects greater allocation of funds to farm and rural sectors in Budget 2018-19, which is unlikely to be a populist one despite the impending 2019 general election.
GST Council meet underway; Andhra FM says states facing Rs 1.3 lakh crore revenue shortfall; compensation not enoughFE Online | January 18, 2018 5:36 PM
Andhra Pradesh Finance Minister Yanamala Ramakrishnudu, who is a part of the ongoing GST Council meeting on Thursday, has said that states are facing Rs 1.3 lakh crore revenue shortfall on account of the GST and the compensation from the Central government is not enough
FE Online | January 20, 2018 12:33 AM
Budget 2018: Finance Minister Arun Jaitley is scheduled to present the last full Budget of the government on February 1, and according to a report by Reuters, the government is poised to raise its public health spending by 11% to $8.2 billion (Rs 52,353 crore).
FE Online | January 18, 2018 4:33 PM
Just days after Reserve Bank of India (RBI) Deputy Governor Viral Acharya Banks warned banks on their weak risk management culture, other Reserve Bank deputy governor NS Vishwanathan on Thursday asked the lenders to put in place proper risk-pricing mechanism, especially for funding long-gestation infra projects, if they want to prevent an encore of the present bad loan pile-up.
Sushruth Sunder | January 18, 2018 3:58 PM
After the government on announced its decision to cut additional borrowing requirement to Rs 20,000 crore, global credit rating agency Moody’s Investor Service said that it will not affect India’s sovereign rating given. We explore key reasons behind the same.
PTI | January 18, 2018 2:30 PM
The government is likely to stick to the medium-term fiscal consolidation plan by targeting 2018-19 fiscal deficit at 3 per cent of GDP, a Deutsche Bank report says.
Budget 2018: Agriculture to be top priority; why Modi government should follow the Amul distribution modelDevanjana Nag | January 20, 2018 12:35 AM
Budget 2018: AIAI claimed that the government has started procuring crops at MSP but, procurement centres have not been set up in the affected areas. Even in the areas with existing procurement centres, farmers still face delay in selling their goods due to lack of required documents.
PTI | January 18, 2018 1:54 PM
India Ratings and Research today projected the country’s economic growth to improve to 7.1 per cent next fiscal from 6.5 per cent this year, buoyed by robust consumption demand and low commodity prices.
A shot in arm for Modi government on demonetisation move as digital transactions pass 1 billion mark in DecemberFE Online | January 18, 2018 12:12 PM
The rise in digital transactions in December 2017 has come as a shot in the arm for the Narendra Modi government that introduced demonetisation exercise in November 2016. In December last year, online payment transactions touched a new high in terms of volume, NPCI data said.
FE Online | January 18, 2018 5:04 PM
The Goods and Services Tax (GST) Council, headed by Finance Minister Arun Jaitley, will hold its 25th meeting in New Delhi today, nearly 10 days ahead of the Budget 2018 and is likely to take decisions of key issues, besides brainstorming on the Union Budget 2018.
FE Online | January 18, 2018 10:54 AM
Eyeing introduction of uniformity across the states for seamless and easy inter-state movement of goods, e-way bill system will be implemented by the government from February 1. The e-way bill for the inter-state movement has been advanced to February 1 from April 1.
FE Bureau | January 18, 2018 5:52 AM
Detailed invoice-level filings are important because it is only after these details are available that GST authorities can check the levels of tax evasion.
FE Bureau | January 18, 2018 5:47 AM
Divan further said Aadhaar has given the state a “switch” that can cause the “civil death of a citizen”. “The collection of biometric data was patently illegal, and that could not have been corrected by passing the Aadhaar Act.
FE Bureau | January 18, 2018 5:39 AM
The decision was announced after the meeting of DAC, chaired by defence minister Nirmala Sitharaman, on Tuesday. The amended ‘Make in India’ procedure reduces the total time from in-principle approval to placing of order by 50 % and the estimated time to finish the whole process has come down to 69 from 103 weeks
FE Bureau | January 18, 2018 5:36 AM
Modi said the e-way bill which was originally supposed to be launched in April 1 this year, has now been preponed to February for inter-state movement of goods. The e-way bill for the intra-state movement of goods will be from June.
FE Bureau | January 18, 2018 5:27 AM
A special purpose vehicle, Bhor Sagar Port, was earlier formed to build the port and the Centre has estimated an investment of Rs 12,000 crore to create infrastructure such as rail and road connectivity.
Shobhana Subramanian | January 20, 2018 12:19 AM
Budget 2018: The government should make it easier for prospective buyers by tweaking the rules if necessary, such as those in Section 79, to facilitate the transfer of assets. If even a handful of companies move to stronger promoters, the mood in corporate India will change completely.
PTI | January 17, 2018 9:48 PM
“For rolling out e-way bill system, separate IT infrastructure has been put in place for registration and processing which is being managed by NIC,” GSTN CEO Prakash Kumar said.
PTI | January 17, 2018 8:46 PM
GST evasion by dealers by suppressing turnover has caused a revenue slump under the composition scheme in the last two months, Bihar Deputy Chief Minister and GST network panel head Sushil Kumar Modi said here today.
PTI | January 17, 2018 8:40 PM
The GST Council will tomorrow consider a host of proposals to simplify procedure for filing of returns, registration of large entities and take stock of the GSTN’s readiness for e-way bill rollout from February 1.
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