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Entries invited for contest on showcasing GST reforms on video, graphics

Top prize of Rs 1 lakh, four runners-up to get Rs 50,000 each; GSTN releases a series of themes on which the entries could be based

Chidambaram seeks opposition unity to beat two farm bills in Upper house

Calls the bills anti-farmer, says they don't enforce private purchasers to pay at least MSP to the cultivator

FM Sitharaman asks Asian Development Bank to step up lending to India

Sitharaman said India has the absorptive capacity to receive about $4 billion a year from sovereign operations, and about $1.5 billion annually from the private sector financing window

No easing GST rate, automakers should cut royalty payments: FinMin sources

They say companies should cut royalty payments to parents abroad instead of asking GST cut to tide over Covid crisis

OECD raises prospects for global economy, scales them down for India

Finds scope of further monetary and fiscal stimulus limited in the country

Whatever the calculation, India's Q1 GDP contraction is severest among all

Irrespective of whether it is sequential or year-on-year, the inference remains the same; South Africa's 50% contraction is "annualised" and is incomparable to India's 24% fall

Retail prices of tomatoes, onions, potatoes rise due to supply disruptions

This could be result of continued supply-side disruptions, say experts

Customs to raise vigil on electronic items from FTA countries from 21 Sept

Finance ministry sources said misuse of the FTA route has been on the rise for the last few years to escape customs duty on imports

AAR says GST be imposed on wellness centres depending on services offered

Case, relates to applicant Oswal Industries; authority observes that three types of rooms are offered by the applicant and therapy is strictly on residential basis

Make system of advance tax ruling more comprehensive: SC to Centre

The apex court gave this suggestion while hearing the case of the National Co-operative Development Corporation (NCDC)

Covid-19 impact: India's economy to contract 9% in FY21, says S&P

It assessed that impact of the rising Covid-19 cases on private spending and investment will be for a longer period than what was expected earlier

Govt seeks parliamentary approval for additional Rs 1.67 trn expenditure

The additional requirement includes Rs 40,000 cr for works under MGNREGA and Rs 20,000 cr for bank recapitalisation

GST compensation options: 13 states opt for offer, 6 to decide soon

The Centre had last month offered two options to states to compensate them under GST regime

GST compensation row: States' revenue fell 18% in first quarter, shows data

Details suggest the states' tax receipts (including the Centre's devolution) fell 32.1 per cent and non-tax revenues declined 27 per cent in this period

No discussion on GST borrowing options at parliamentary panel meet: Report

Sources in know of the matter said that during the meeting of the parliamentary panel there was only a discussion on the CAG report on GST collection for FY19

Experts advise caution on stagflation fears amid 24% GDP contraction

Say Centre, RBI should ensure their policies don't stoke inflation

Centre's ranking on state business reforms dated, says Odisha govt

The state govt said the state implemented significant reforms in the past two years

FinMin bans creation of new posts in govt in major austerity drive

Expenditure curbs also include re-fixing fee of consultants, reviewing their hiring; protocols on printing and functions

Faceless approach in taxation to bring down compliance cost: Finance secy

The finance secretary said that the tax system was going to be entirely data-driven and seamless tax reforms would change the way taxes are paid in the country

Need to re-orient policy mix to rebuild economy in post-Covid world: Finmin

Ministry asserts India is on V-shape recovery path from Q2 onwards; says GDP plummeted most because of severest lockdown measures taken against pandemic