Page 995 - Economy & Policy News

Govt watchful, mindful of impact of declining rupee on imports: Sitharaman

Depreciation of rupee makes India's imports costlier, while on the other hand exports become attractive.

GST had serious defects which worsened over last 5 years: Chidambaram

Asserting that the GST had serious "birth defects" which became only worse over the last five years, the Congress on Friday said the GST laws and their implementation have "wrecked the economy"

Property registrations in Mumbai up 21 per cent YoY, the best in a decade

Property registrations in Mumbai increased by 21 per cent YoY in June to 9,525 units, a report by Knight Frank said

India's power consumption grows 17.2% to 134.13 billion units in June

Power consumption in the country grew by 17.2 per cent year-on-year to 134.13 billion units (BU) in June, amid severe heat and spurt in economic activities

India needs to fix its economy, generate employment to become a superpower

If the country wants to play a bigger role in its region and in the world, it will first need to fix its economy

Govt slaps export tax on petrol, diesel; windfall tax on domestic crude oil

The government on Friday slapped a Rs 6 per litre tax on exports of petrol and ATF and Rs 13 per litre on exports of diesel

PMI Manufacturing: June factory growth at 9-month low as inflation bites

While the Manufacturing Purchasing Managers' Index remained resilient, it fell to a nine-month low of 53.9 in June from May's 54.6

Single-use plastic ban comes into effect: List of banned daily-use items

In a bid to implement the ban on single-use plastic smoothly, the Union environment ministry said that the state governments will initiate an enforcement campaign

GST rule change for small businesses a game-changer for ONDC: Goyal

Goyal said another big advantage is for the small retailers who are very keen to engage with ecommerce

GST tweak on food items to plug revenue leakages, says CBIC chief

Says it will build a robust tax system without being intrusive

5 years of GST: How far has it lived up to promise of simple tax regime

Goods and Services Tax: Here's a look at the journey so far

Five years of GST: Taxing time for relations between Centre and states

Shrinking fiscal space has brought states on a collision course with the Centre

Five years of GST: Chidambaram to Sitharaman, the people behind the reform

The benefits of GST will positively ensure it to be 'Good and Simple Tax' for citizens of India, says Prime Minister Narendra Modi on the eve of the GST launch

GST: What lies ahead for India's most ambitious indirect tax reform?

The continuation of a business-as-usual approach can undermine the GST's ability to either raise revenues for the government or improve the ease of doing business

Five years of GST: The still good, but not-so-simple indirect tax

The GST is still paying the price for govts talking the talk of a good and simple tax on July 1, 2017, but not walking the walk thereafter

Five years of GST: Collections up, but filings decline, shows data

A Business Standard analysis found that returns filed under GSTR-3B declined 13.8 per cent YoY in FY22

Five years of GST: Mistakes that have made the regime a disappointment

Addressing mistakes made while introducing the tax and getting back to a revenue-neutral rate(s) constitute the agenda that awaits attention

Top headlines: 5 years of GST and what lies ahead for the tax reform

In the last five years, since its launch in July 2017, the GST journey has been difficult for both economic and political reasons. Read more on five years of GST in our top headlines

PSBs back on growth path as India's economic recovery gains traction

While the impetus to double-digit credit growth was from wholesale lending, retail credit growth continued to be robust

Want to support 'Make in India', says Israel, but flags IP concerns

Naor Gilon, Israel's Ambassador to India, said here on Wednesday that we are all interested in Make in India' and we see an immense potential for cooperation with India