'This is not a case of tax evasion but the result of long-standing ambiguities in GST rules and unawareness.'
We expect the outlook of Union Budget 2010-11 on retail sector be positive. The much needed industry status grants to retail industry will boost the industry in many aspects.
The sixth edition of 'Logistics Summit 2007,' to be held in Chennai in September, will push for granting industry status to the estimated $73 billion sector in the country, summit chairman H R Srinivasan said on Wednesday.
The apex body of express companies, engaged in movement of goods through documents and parcels, on Friday demanded industry status and an independent regulator for the Rs 2,493-crore (Rs 24.93 billion) sector.
Business chamber Assocham has asked the government to accord industry status to organised retail sector, which would improve investment inflows into the sector and increase its share in this segment. The move would increase the share of organised retail in the overall sector to 20-22 per cent from the current 3 per cent, Assocham said.
The organised retail sector clamors for Industry Status, removal of service tax on rentals, permit FDI in retail and usher in GST regime
'Prior to release, we heard only exemplary things about the film, so the failure came as a complete shock to my father.'
In a bid to propel the hospitality industry to contribute to the country's economic growth, Hotel Association of India has asked the government to rationalise tax structure and grant 'infrastructure industry' status to hotels
Demand among several pre-Budget representation by BSE Brokers' forum
A non-strategic investor like Poonawalla brings in not only capital but also creative freedom. Indian cinema needs more investors like him, reports Vanita Kohli Khandekar.
Indian food services sector is expected to grow at a CAGR (compounded annual growth rate) of 8.1 per cent between 2024 and 2028 on the back of rapid urbanisation, robust GDP growth, a rising younger population, and greater exposure among consumers, said a new report. The India Food Services Report-2024, brought out by the National Restaurants Association of India (NRAI), states that the sector contributes 1.9 per cent to India's GDP and is projected to grow to Rs 7.76 trillion by 2028 from Rs 5.69 trillion currently.
Restoration of Article 370 and Jammu and Kashmir's statehood as well as implementation of the autonomy resolution passed by the erstwhile assembly in 2000 are among the National Conference's 12 guarantees announced in its manifesto for the upcoming polls.
The real estate sector wants "high-impact" measures, like special schemes and tax breaks for developers, to revive the fortunes of the affordable housing segment in the country, multiple executives told Business Standard. This segment has been struggling since the Covid-19 outbreak, in contrast to larger and costlier homes which have been selling like hot cakes. The demand comes at a time when the government is taking suggestions from industry players before tabling the General Budget in the Parliament next month.
'People have got into the habit of sitting at home (and watching films).' 'They don't want to watch movies in theatres because they do not want to waste as much as Rs 1,000 on tickets.' 'They feel there is no point in watching a film on the big screen because it will anyway come on OTT in a month's time.'
Real estate is a sector which generates second highest employment and contributes approximately 5% of the GDP of the country.
It is the fastest growing sector with ever growing concerns.
During 2023, the Indian real estate sector - both housing and commercial - witnessed buoyancy fuelled by demand, supply, and absorption, and the sector is banking on the upcoming Budget to keep the momentum going. Mumbai-based Sattva Group wants the government to focus on the critical pillars for long-term growth. The company emphasised on the infrastructure boom with increased allocation, lower goods and services tax (GST) rates, incentives for affordable housing and single-window clearance to fast-track projects and support liquidity.
The retail companies are hoping that the Finance Minister Pranab Mukherjee would accord industry status to the sector and allow unrestricted foreign direct investment inflow.
Retail companies in the organised sector want the government to take a series of initiatives in the forthcoming Budget that would boost consumption, and have sought 'industry status' as well as abolition of the service tax to beat back the slowdown.
In a representation to the ministry of finance, it has demanded that labour-intensive security agencies should no longer be enlisted under the category of service providers and brought under the category of auxiliary service providers so that they could avail of tax benefits.
To generate ample private sector interest, there is a need to introduce market-linked tariff rates.
It is the most potent symbol of India's soft power -- more perhaps than the IT industry and our managerial skill, notes Vanita Kohli-Khandekar
NABARD gets Rs 5,000 crore to finance warehouses, godowns, silos and cold storage.
And income tax exemption to be increased to Rs 3lakhs.
Retail sector seeks industry status, which can reduce the cost of capital and to allow FDI in retail that can increase investments and global competitiveness.
The retail sector seeks industry status, which can reduce the cost of capital and to allow FDI in retail that can increase investments and global competitiveness
She had struck a chord with Bollywood personalities, and they took to social media to pay their last respects.
Apple farming - one of the major sources of revenue in the strife-torn Jammu and Kashmir - is in a grave crisis these days.
Sugar industry is plagued by falling realisations, rising costs, huge carry over stocks leading to liquidity problems and huge losses.
Ajit Balakrishnan on the emerging crisis in the tech world.
Brokers also want tax rebates, removal of additional tax on dividends, streamlining of GST...
India has an urban housing shortage of about 18.7 million units, with 95 per cent of this shortfall in the low-cost housing segment, and 43.7 million in the rural belt.
The Make in India Week has become a platform for two Bharatiya Janata Party (BJP)-ruled states to jostle for the number one destination in India for investor funds.
After exporters, real estate companies are demanding a priority sector tag for loans to the low-cost housing sector.
Hailing clear majority for Narendra Modi-led BJP in the polls, real estate experts on Friday said a stable government at the Centre will help revive the property market.
Priyanka Chopra, Irrfan Khan and Nawazuddin Siddiqui make a global statement on the power of Indian cinema, says Vanita Kohli-Khandekar.
Single window clearances for realty must.
A look at the top tweets from your favourite Bollywood celebrities.
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