Page 2896 - Economy & Policy News

After trimming 28% bracket, here are 5 things GST Council might do today

In the first half of the meeting in Guwahati, the Council decided to trim the 28% bracket to just 50 items, against 227 currently

Siddaramaiah invites Chinese investors, assures faster approval of projects

India-China bilateral trade also had reached USD 70.4 billion in 2015, he added

Hopeful of 8% traffic handling growth in FY18: Kolkata Port Trust head

The Kolkata Dock Complex and the Haldia Dock System together handled about 32 million tonne traffic until Oct 31

Indian labour market shifting towards gig economy, says Indeed report

In addition, 2.8 per cent of all job postings on the site from India are for part-time or contractual roles

Govt expects mineral auction worth Rs 50,000 cr in last 4 months of FY18

Govt has auctioned Rs 1.80 lakh crore worth of minerals for 33 mines during the last two years

Businesses can now make changes to GST transition claim forms: GSTN

F acility to revise TRAN-1 declaration has been enabled for taxpayers who had already filed it

177 items to become cheaper as GST Council decides to trim 28% slab

Only 50 items, mostly demerit, sin and luxury goods, to remain in the highest tax bracket of 28%

EPFO may cut interest rate from 8.65% to 8.5% for FY18 on Nov 23

Last year, the board of trustees had cut the interest rate on PF holdings to 8.65% from 8.8% the year before

Yogi orders crackdown on onion, tomato hoarders as prices rise in UP

The average wholesale price of tomato in November was Rs 2,500-3,000 a quintal

GST story: Snags and impact of 'one nation, one tax' on lifeline sectors

Handlooms, the lifeline of over 2.7 million households, is also being taxed for the first time in independent India

GST Council meet begins: Tax cuts, SME relief, 'benami' crackdown on agenda

Chaired by Arun Jaitley, Council is likely to raise sales ceiling for small businesses from Rs 1 crore to Rs 1.5 crore

GST meet today: Congress FMs will force changes in rates, says Chidambaram

He tweeted: 'Congress FMs letter exposes structural flaws in design and implementation of GST, govt can no longer duck these issues'

GST Council may cut rates today: Restaurants, traders keep fingers crossed

Council expected to cut rates on A/C restaurants from 18% to 12%, deal with the issue of benami properties.

Not just Hinglish: Businesses eyeing India market must ace these languages

Amazon's Alexa speaker can handle requests like, 'Add jeera, atta, haldi to my shopping list', reports Tech in Asia

Hedging facility to be simpler from Jan 1, says RBI

The products covered will be any Over the Counter (OTC) derivative or Exchange Traded Currency Derivative (ETCD)

Good news for govt staff: Now, get up to Rs 25 lakh advance to build homes

The amount central government employees can avail of for building homes has been more than tripled from Rs 7.5 lakh; only 8.5% simple interest will be charged on the amount

Bring petroleum, real estate, electricity under GST: Congress

The Council has an exhaustive agenda for the 23rd meeting; it includes bringing real estate under GST, among other things

Tobacco shopkeepers oppose govt move on FMCG product sale

This is grossly unfair and a draconian suggestion: Akhil Bharatiya Pan Vikreta Sangh

We've suggested affordable housing parks near big cities: Sriram Kalyanaram

Sriram Kalyanaraman plays a key role in fulfilling the government's agenda of providing housing to all by 2021

India's gold demand down 24% in September quarter as GST levy, PMLA bite

WGC reported India's overall gold import during the July-September quarter at 161.4 tonnes, up 62 per cent from the corresponding quarter of the previous year