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State GST Act will continue in Jammu & Kashmir for the time being: Experts

Later, the UT GST Act has to be made for Ladakh and state GST Act for J&K

FM Nirmala Sitharaman takes on P Chidambaram over Budget numbers

Chidambaram had said that projections given in the Budget were unrealistic considering the past trends

GST mop-up less than Rs 1 trillion in August; Council to meet this month

This was the second month in the current fiscal year that the collections could not hit the Rs 1-trillion mark, the first being June

Fiscal deficit crosses 77% of budgeted target in first four months of FY20

The deficit stood at 8.8 per cent of gross domestic product (GDP) in the first quarter of FY20 (Q1FY20)

GDP data confirms demand slowdown; consumption expenditure at 17-qtr low

Consumption expenditure, reflecting demand, grew only 3.14% in Q1FY20

Production of pulses, paddy and soybean likely to decline, says Skymet

In its outlook for kharif crop in 2019-20, Skymet said the rice production is expected to fall 12.4 per cent year-on-year to 88.66 million tonnes

Horticulture production in 2018-19 to be 314 million tonnes: Govt

Onion production is expected to remain flat at 23.48 mt, according to the third Advance Estimates of horticulture crops

Govt should use funds from RBI to stimulate economy, says ADB chief

The visiting ADB president supported the RBI's approval to the fund transfer and said the country should come up with more such ideas to support growth

Mini Budget: FPI surcharge rolled back; no angel tax for start-ups

PSBs get Rs 70,000 crore; home, auto loans to become cheaper

Moody's cuts India's GDP growth to 6.2% for 2019 amid economic slowdown

The cut in growth rates for India was sharper for both the years than the other seven economies

Unprecedented financial sector crisis in 70 years, says NITI Aayog

NITI Aayog Vice-Chairman Rajiv Kumar also said there was no business of the government to hold back payments to companies.

Govt offers resolution for pre-GST disputes with tax authorities

There will also be an amnesty scheme. Under this, the assessee will have to voluntarily disclose the due taxes

At 1.08%, WPI inflation rate slips to over two-year low in July

Inflation rate in food items remained elevated even as it inched down to 6.15 per cent in July

Exports post marginal recovery in July; trade deficit narrows to $13.43 bn

Exports of employment-intensive leather and products saw a fall of 3.7%

New labour code will scrap wage board for journalists: Here're the details

The Code on Minimum Wages passed by Parliament provides only for floors on wages to be set by the Centre

Govt to review CSR criminal penal provisions: FM Nirmala Sitharaman

Less than 1% of large corporates pays corporation tax at 30%, with the rest at 25%

FM Sitharaman hints at corporation tax cut, silent on FPI surcharge

Promises simplifying tax laws

Income Tax dept relaxes assessment and scrutiny norms for start-ups

In cases where start-ups are recognised by the DPIIT but scrutiny involves wider issues, the I-T dept has asked its field formations not to pursue the issue of angel tax during assessment proceedings

Tax dispute limits doubled for appeals in high courts, Supreme Court

The limits for filing appeals in the Income Tax Appellate Tribunal (ITAT) have been more than doubled

Sitharaman's first Budget gives breather for delay in payments towards GST

The current mechanism of filing returns is being replaced by simplified forms that would come into operation in phases