After initiating stern action against 331 companies, the market regulator seems willing to revoke its stringent restrictions for some entities.
Steps such as safeguard duty in the works to plug the route
The clarification comes amid reports that sweet shops have discontinued chocolate barfis and chocolate sandesh.
Kenneth Rogoff, professor of public policy and economics at the Harvard University, tells Dilasha Seth on the sidelines of the Delhi Economics Conclave that public sector banks will need to take a one-time haircut to address non-performing assets.
The window for registration is open up to September 30
The GST Network's chairman Navin Kumar speaks to Dilasha Seth and Indivjal Dhasmana on various aspects of the new tax regime.
In July alone, 2.5 tonnes of gold coins were imported so far from South Korea under zero-duty facility
A new solution to raise deal speed is expected to avoid hiccups in trading when launched on August 1
Good monsoon, farm loan waiver -- the two key reasons behind more customers in jewellery shops
Close to 202,000 new entities have registered under the GST Network
Maharashtra raises vehicle registration fee, Tamil Nadu ups entertainment tax
It takes eight to nine months for developing a robust software from the time the rules are decided, warns Bharat Goenka, managing director of Tally Solutions, one of the entities entrusted as a 'Suvidha Provider' with developing ready software for customers to get them ready for the coming Goods and Services Tax.
In India 24-carat gold is used mostly in coins and bars
The proposed bullion bank can help settle gold loan accounts in gold terms, and promote existing gold schemes, along with launching schemes including gold-recurring deposits.
The move is expected to create space for more budding entrepreneurs in the country to be eligible for self-certification, relaxed public procurement norms, rebate in patent filing, start-up funding, investment and easier closure compliance.
"The government feels the industry needs some government oversight and can't be left unregulated. A panel of bureaucrats will soon submit their recommendations on the subject," said an official.
The framework also envisages amendments to the Prevention of Corruption Act to exempt commercial decisions by PSBs from scrutiny by investigating agencies. Both the amendments are likely in the monsoon session of Parliament.
Underlines need to reduce human interface; wants tax e-assessment in more cities
Hasmukh Adhia to present revenue dept's performance over past year & plan for current financial year
BIS proposes compulsory registration for selling hallmarked jewellery. This will kill business of online sales as BIS registration is given only to physical premises.
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