Page 2599 - Economy & Policy News

GST rate cut impact: Synthetic textiles to be 5-7% cheaper from August

GST Council allows input credit, to reduce effective rate on fabric to 5% now from 12% earlier

Cross-border insolvency rules: Govt mulls adopting UN legal model

IBC has sections pertaining to cross-border insolvency matters but they are yet to be made operational

Statsguru: World economy to maintain its growth momentum, says IMF

Emerging economies are expected to grow at 4.9 per cent in 2018, up from 4.7 per cent in 2017

GST rate cut gets mixed response as some manufacturers gain, others lose

Fridge, washing machine, and paint makers are expected to cut prices shortly, while TV, aircon, and sanitary napkin makers are a disappointed lot

Draft changes to GST regulations

Mostly, these are taxpayer-friendly measures and correction of inadvertent errors

Trai recommends no auction for walky-talky service spectrum allocation

PMRTS is a niche service used only by limited institutional clients in certain pockets

Rafale deal: Jet secrecy pact renewed in March, cost details already known

Experts say the scope of that pact - i.e. the 'exchange of classified and protected information between the two countries'

GST rate cut, return simplification to increase revenue, compliance: CII

So far, businesses with turnover of up to Rs 15 million were permitted to file returns quarterly

GST slabs may come down to 3 from 5 in coming days, says Sushil Kumar Modi

The BJP leader said that states were not paid full compensation amount

CBDT directs Income Tax dept to add 12.5 million fresh filers this year

The directions have been issued also as a part of the government's drive to widen the tax base

Yogi Adityanath govt to build blockchain architecture for data security

Yogi Adityanath government intends to implement the blockchain technology in other departments as well

After big rate cuts by GST Council, only 35 goods left in 28% tax bracket

After the latest rounds of rate cuts by the GST Council on July 21, only 35 items are left in the 28% tax slab

Major ports see over 19% rise in thermal coal imports in first quarter

As far as coking and other coal are concerned, handling recorded a jump of 6.85 per cent during the first quarter of the current fiscal at 13.03 mn tonnes

GST rates cut for aam aadmi: Peak rate basked snipped; returns made easier

Rates on several items reduced; more sweeteners likely for MSMEs in Aug 4 meet

Redundant mobile apps of various govt agencies slowing Digital India drive

A majority of over 2,000 apps have seen downloads in single or double digits only

$1.6-bn respite for Indian polyester fibre and yarn manufacturers

Govt raises import duty to restrict its import, domestic producers breath easy

E-visa fee hike may hit India's plan to double tourist arrivals in 3 years

In 2017, India received 10.18 million foreign tourists, an increase of 15.6% over the previous year

Milk price hike to hit dairy companies' profit margins

Dairies to cut margins of distributors and retailers without raising their product prices

Rs 217-billion naval chopper to be first 'strategic partner' procurement

Defence ministry sources say the delay stems from the need to draft separate selection criteria for each equipment category

SC order to bring down gap between vehicle ownership and insurance

The problem at the moment is that insurers have to rethink the structure of their products