The panel decided to omit the reverse charge mechanism (RCM) clause from the GST law under which registered taxpayers buying from unregistered taxpayers have to deposit the GST.
Almost 30% or a third of the agriculture ministry's budget, is spent on premium for the PMFBY every year
The central government wants to impose the levy; many states are opposed - at least, to the Centre doing so
At the bottom of the water index for 2016-17 are Odisha, Bihar, Jharkhand, Uttar Pradesh (UP), and Haryana, which are major producers of paddy, wheat, along with a host of horticulture crops.
After helping the government in policymaking since October 2014, Chief Economic Adviser Arvind Subramanian is returning to academics and will be teaching at Harvard Kennedy School on a visiting position. In an interview to Dilasha Seth and Somesh Jha, he says the ease of doing business agenda needs to move forward and India must try to integrate with the global value chains. Edited excerpts.
Home Minister Rajnath Singh said that the decision could cost the government roughly Rs 15,000 crore.
GSTN is planning a disaster recovery drill and hence services will not be available for 12 hours, between 9am and 9pm, on July 1, and has requested the taxpayers to plan GST-related activities on the portal accordingly.
The provision of consultation with the states has further created confusion on MSP
Reaching a consensus might also get tougher, as already seen with issues like inclusion of natural gas in GST and imposition of a sugar cess, both central proposals being resisted.
Monsoon revival over weekend likely, but second-half rainfall may be muted. If the rains become scarce after mid-August, the standing kharif crops might be impacted
'Where is the spirit of Team India?' asks Chandrababu Naidu.
Installed at a cost of Rs 450 crore in Pune and Noida, the two supercomputers are set to fundamentally alter the weather forecasting scenario in India by enabling the IMD to forecast severe weather conditions up to the sub-district or block level.
'The package is for the distressed farmers who are committing suicide due to the severe drought,' Nitin Gadkari tells Arup Roy Choudhury and Sanjeeb Mukherjee.
The core stir issues of remunerative prices and a basic income for farmers has taken a political turn with three major agrarian states of Madhya Pradesh, Rajasthan and Chhattisgarh going to the polls in the next few months
The ambiguity arose after notices were sent to lenders for non-payment of service tax under the pre-GST regime
Experts said many of the programmes started in the last one year have been dogged by poor implementation, something which the state seriously needs to answer as it faces a tough electoral battle in the months ahead.
Experts point out that National Anti-profiteering Authority does not have the power to advise companies on depositing amounts voluntarily.
The law will be applicable not only to crops but also livestock, dairy and poultry products
Under the Bhavantar Bhugtan Yojana, the state pays a portion of the loss incurred by farmers for selling below the MSP, capped up to a limit.
India studied the Malaysian model, which was scrapped on Wednesday, before implementing the GST and borrowed the anti-profiteering clause to ensure GST benefits are passed on to the end-consumer by the industry
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