GST rate cut on this item expected at next council meet on January 10; details here

The GST Council is slated to meet on January 10 to discuss lowering GST on under-construction flats and houses to 5 per cent, as well as hiking exemption threshold for small and medium enterprises.

Economy News

CBIC again defers e-sealing on deposit, removal of goods from customs warehouses

The customs department has deferred the implementation of mandatory electronic sealing for deposit and removal of goods from customs warehouses for the fourth time.

Economy News

India’s retaliatory tariffs to hit US exports worth USD 900 mn: Congressional report

India's proposed retaliatory tariffs against US agricultural products including apples, almonds and lentils will have an adverse impact on American exports worth nearly USD 900 million, according to t

Economy News

Indian alcohol companies may become victims of farm loan waivers: Explained

States are expected to hike taxes on liquor -- one of the top three revenue sources -- as they need to plug the fiscal hole arising from bearing the burden of farm-loan repayments.

Economy News

Economic activity slows down! December PMI shows manufacturing growth eases despite price cuts

Manufacturing PMI December data: Despite easing in December compared with November 2018, the manufacturing activity in the month ended on a higher note as companies continued to expand production and

manufacturing sector, manufacturing industry News

Modi says demonetisation forced Nirav Modi, Vijay Mallya to flee, curbed black money

Several warnings were issued to the black money holders in advance, Prime Minister Narendra Modi said.

Economy News

Amid trade war with US, China eyes newer markets; seeks talks with Indian govt to push Asia trade pact

China has sought talks with India to allay concerns on a regional free trade pact it is spearheading, two people familiar with the matter said, as Beijing seeks newer markets amid the ongoing trade wa

Economy News

Power for All: Modi govt misses deadline to electrify every home; over 10 lakh homes still in dark

Indian Prime Minister Narendra Modi’s government missed a self-imposed target to electrify every home, delaying the success of a marquee $2.3 billion development goal that his party plans to showcas

Economy News

PMJAY Ayushman Bharat: Nearly 7 lakh provided treatment in first 100 days

NHA plans to issue about five crore beneficiary cards to inform people and generate hospitalisation demand from rural population.

Economy News

GST revenue drops: Collections at Rs 94,726 crore in December

We should also expect more enforcement and investigations cases in next few months.”

Economy News

Government waives late fee for non-filers of GST returns between July ’17-Sept ’18

The government has waived late fees for non-filers of summary and final sales returns for the July 2017-September 2018 period by businesses registered under the goods and services tax (GST).

GST, late fee for gst, CBIC, GSTR-4, CGST, GSTR-1, GST Council  News

Government notifies new annual GST return forms

The government has notified new annual GST return forms, which are required to be filed by businesses registered under the Goods and Services Tax regime by June 30, 2019.

GST return forms, new annual GST return forms, ITC benefits, GSTR-9C, GSTR-9, CBIC News

India remains fastest growing economy ahead of China despite ups, downs

India remained ahead of China to retain the tag world's fastest growing large economy withstanding several ups and downs, spike in oil prices and global trade war like situation during 2018. Indian ec

indian economy, china, gdp growth, rajiv kumar, niti aayog, US china trade war, Urjit Patel, RBI act News

Ayushman Bharat a ‘game changer’; 6.85 lakh patients treated in 100 days, says Arun Jaitley

The total number of hospitals covered by this scheme are both Government hospitals and private hospitals presently numbering 16,000 and increasing steadily.

Ayushman Bharat, Arun Jaitley, 100 days of Ayushman Bharat, narendra modi, Pradhan Mantri Jan Aarogya Yojana News

Modi government misses GST collection target in December, earns Rs. 94,726 crore

The lower than expected GST collections pose a big challenge for the government, which has already overshot its fiscal deficit target by 15% in the first eight months of the financial year.

GST collection, GST collection target in december, arun jaitley, gst council, IGST, latest news on GST News

Both BRICS and MERCOSUR groupings will remain on track, says Brazilian envoy Andre Aranha Correa da Lago

Since the time President Jair Bolsonaro was elected as the new President of Brazil, there have been concerns related to BRICS as well as MERCOSUR. And how important will India be in the foreign policy

BRICS, MERCOSUR, Jair Bolsonaro, india brazil ties, foreign policy, Andre Aranha Correa da Lago, ambassador of Brazil to India News

India cuts duty on crude, refined palm oil imported from ASEAN

The government has cut import duties on crude and refined palm oil effective Tuesday to comply with preferential trade pacts with Southeast Asian nations.

import duties on crude,  refined palm oil, CBIC, ASEAN, Southeast Asian nations News

India remains fastest growing economy ahead of China despite up and downs

India remained ahead of China to retain the tag world's fastest growing large economy withstanding several ups and downs, spike in oil prices and global trade war like situation during 2018.

Economy News

PSU share sale hits record high of Rs 77,417 cr in 2018; AI sale next on agenda

The government raised a record Rs 77,417 crore from sale of its stake in public sector units in 2018, and the disinvestment programme is headed for another blockbuster year in 2019 with planned privat

Economy News

RBI vs Govt in 2018: A ‘husband-wife’ relation that turned stormy

The relation between the Reserve Bank and the government is akin to that of 'husband and wife', former Prime Minister Manmohan Singh once famously said but that bond turned sour in 2018, leading to un

Economy News

Future tense: Will 2019 Lok Sabha polls stall Indian economy’s forward march?

While softer crude could correct macro imbalances, growth impulses not strong enough to jumpstart the economy; politics a risk factor too.

Economy News

Universal basic income for all: Jharkhand, Odisha come up with their own versions

While the Centre is weighing the pros and cons of a universal basic income scheme for the poor akin to Telangana’s Rythu Bandhu policy, Odisha and Jharkhand have come out with their variants of such

Economy News

Goods & Services Tax gaffe: Govt gives two vastly different numbers on GST evasion

In two different replies to Lok Sabha questions made within a gap of a fortnight, the government came out with two vastly different numbers on goods and services tax (GST) evasion.

Economy News

‘NHAI ordering to slow down, land costs to remain stable till 2020’

With limited ordering in road projects projected for the next few years, the cost of land acquisition, too, is expected to remain stable in a range of Rs 3-3.5 crore per hectare till 2020.

Economy News

Seci invites bids for 2,400 MW renewable energy generation plants

This is the sixth tranche of competitive bidding held by Seci for wind power.

Economy News

RBI sees banks’ gross NPA ratio falling to 10.3%

If macroeconomic conditions deteriorate, 10 out of 11 PSBs under PCA may record capital to risk assets ratio (CRAR) below 9% under severe macro stress scenario, and a total of 13 banks may have CRAR b

Economy News

PCA curbs helped bring down extent of contagion losses by banking system: RBI report

The total solvency losses incurred by the banking system if the 11 PCA banks fail simultaneously have declined from Rs 73,500 crore to Rs 34,200 crore.

Economy News
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