Govt notifies procedural changes in GST rules, interest to be charged for wrongful credit availment According to Mohan, the manner of calculation of interest on delayed payment of tax has been notified and that would… Updated: July 6, 2022 7:39 pm
Services PMI jumps to 11-year high in June Manufacturing was on solid footing in June quarter, as it has been above the 50-level separating growth from contraction for… July 6, 2022 6:15 am
Govt may save Rs 10K cr on clearing dues to exporters After a Covid-induced 7% drop in FY21 to $292 billion, the country’s exports hit a record $422 in FY23, far… July 6, 2022 1:55 am
FCI to refrain from open market sales this year A decline in production because of heat waves during the flowering stage of the crop is attributed to this fall… July 6, 2022 12:45 am
States must encourage farmers to increase paddy, wheat sowing to boost exports: Piyush Goyal India has currently banned wheat exports as the country’s production and the government’s procurement were impacted because of heat wave… July 5, 2022 8:58 pm
Work needs to be done to prune GST exemption in services, says revenue secretary The slabs of 5 per cent and 12 per cent contribute 10 per cent and 8 per cent of the… July 5, 2022 5:50 pm
Industry body CII pitches for simplification of GST, reduction in tax slabs CII’s President Sanjiv Bajaj on Tuesday pitched for the simplification of Goods and Services Tax structure, and suggested that electricity… July 5, 2022 4:25 pm
Odisha tops state ranking for implementation of National Food Security Act Despite the logistical limitations in these areas, they displayed a high degree of accomplishment in competing with the general category… July 5, 2022 3:12 pm
$12 billion windfall for govt from windfall tax on oil firms On July 1, the government imposed windfall gain taxes on the export of petrol, diesel and aviation turbine fuel (ATF),… July 5, 2022 1:56 pm
Services activity hits 11-year high in June despite mounting cost pressures The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 58.9 in May to 59.2 in June… Updated: July 5, 2022 11:42 am
GST rule changes to help but execution key, say exporters The council has suggested that rule 96 of the Central GST Rules be amended to provide for transmission of Integrated… Updated: July 5, 2022 8:38 am
Top GST slab 28% to stay, other three can be reduced to two, says Tarun Bajaj “I think we will have to continue with 28% as in an developing economy where there is so much income… July 5, 2022 8:31 am
Exports rise to $37.94 bn in June; trade deficit at record $25.63 billion According to the preliminary data released by the commerce ministry on Monday, exports hit $37.94 billion in June, a record… July 5, 2022 8:22 am
Govt to drop windfall tax if oil falls by $40/barrel: Tarun Bajaj “It is a complex thing (when to remove the new taxes)…it will depend on what is dollar to rupee, what… July 5, 2022 8:15 am
Govt mulls over Rs 5,000-crore scheme to develop key districts into export hubs This could be the most significant announcement by the government in the new FTP as far as fiscal assistance is… July 5, 2022 8:05 am
Oil windfall tax to yield Rs 40,000 crore net revenue The profit generated after accounting for cost from producing crude and natural gas from fields, awarded by the government under… July 5, 2022 6:15 am
New FTP likely to roll out CSS Govt mulls Rs 5,000-crore support to develop key districts into export hubs. July 5, 2022 4:15 am
Govt to stick to 6.4% fiscal deficit target for FY23 In FY22, the Centre reined in the fiscal deficit at 6.7% of GDP. It’s planning to reduce the deficit steadily… July 5, 2022 3:15 am
Premium Export bans won’t cure inflation A 5-10% export tax on rice could help recover some of the farm-subsidies Updated: July 4, 2022 9:20 am
State food ministers to discuss PDS and nutritional security on July 5 Union food and consumer affairs minister Piyush Goyal will address the conference. July 3, 2022 5:15 pm
Tentative first steps: RBI’s measures to attract more forex inflows are unlikely to make a big difference
8 Photos Monsoon arrives in Delhi! Brings much-needed respite from heat and also chaos on roads; Enjoy rain pictures 7 days agoJune 30, 2022
8 Photos In Pictures | PM Modi’s warm moments with world leaders during G7 Summit in Germany 1 week agoJune 28, 2022
