The Goods and Services Tax (GST) Council, chaired by Union Finance Minister Nirmala Sitharaman, will likely consider on Saturday a GST rate cut for Covid-19 relief essentials and drugs for treating the black fungus disease and might leave the vaccines untouched. The meeting is being held following a report submitted by a Group of Ministers (GoM) to the GST Council on Monday. The GoM, set up by the Council on May 28, was mandated to look at tax exemption and concessions on various Covid items including vaccines, drugs, and equipment.
The two companies have approached banks to raise up to Rs 8,000 crore as debt to fund their expansion plans.
Deepak Parekh, chairman of Housing Development Finance Corporation (HDFC), India's largest mortgage lender, says the exuberance in industry about the new government is justified but big ideas articulated by the prime minister need speedy implementation.
The government did not tell us why our economy had imploded. The prime minister simply stopped speaking on the subject, asserts Aakar Patel.
A time has thus come when state encouragement for rural students led to empowerment of the socio-economically marginalised sections of the population. It included women. Today, with greater exposure and consequent enlightenment, it has gone beyond 'empowerment' to become 'entitlement', says N Sathiya Moorthy.
71 districts reported Covid case positivity rate of more than 10 per cent in the week from June 23 to 29, the government said, adding that the second wave of COVID-19 is not over.
For now, the concerns over bad loans have taken a back seat; a bigger challenge for the banking community is credit growth, explains Tamal Bandyopadhyay.
NSA Doval, defence top brass brief Union ministers on the deal to help them counter Opposition charges.
HR Guru Mayank Rautela offers practical advice.
Jaitley's Budget has the potential to change the face of Modi's Bharat
India has the potential to achieve 9 per cent growth rate and become a $10 trillion economy by 2034 on the back of concerted efforts by the corporate sector and a constructive role played by the government, a PwC report said on Monday.
RBI Governor Raghuram Rajan has noted the contradiction.
Indian policy-makers must see the choices before them as economic, not moral, ones, says Ajit Balakrishnan.
This was a rare instance when Gandhi raised an issue during the Zero Hour.
Jaitley said inflation has been under control for long and is likely to remain so on the back of good monsoon and unlikely spike in oil prices.
'Without reviving employment, consumer confidence will not go up.'
A total of 3,006 session sites across all states and union territories will be virtually connected during the launch at 10.30 am by Prime Minister Narendra Modi and around 100 beneficiaries will be vaccinated at each session site.
Prime Minister Narendra Modi will flag off the first phase of the pan India roll-out of COVID-19 vaccination drive at 10.30 am via video conferencing.
India needs to fix policy paralysis in order to reach teh top slot in solar power.
Wishlist for new PM includes growth boosters, reining in inflation, faster project clearance and reversal of Land Acquisition Act
In the corresponding period of the last year, there were 614 deals worth $ 27.7 billion.
Kerala floods take a toll on small businesses, NBFCs brace for losses
There is unlikely to be a rush towards the country unless New Delhi is ready with fairly applied regulations.
"Also, 35 per cent deaths were recorded in the age group of 45-60 years, 10 per cent in the age group of 26-44 years and one per cent each in the age group of 18-25 years and below 17 years," the health secy said.
The HAL wants the IAF to buy 80 Tejas Mark I-A to keep the production line occupied from 2020 to 2023-24
No Indian auto brand (including Tata or Mahindra) is well-known globally.
As the government plans to take sector-specific steps to tackle the slump, Finance minister Nirmala Sitharaman will soon hold talks with representatives from various sectors to get and take steps so that the confidence of those sectors can be restored.
ISB professor Tarun Jain talks to Shobha Warrier/Rediff.com about what the government must do to achieve 8 pc growth.
Chief Economic Advisor Arvind Subramanian spoke on a wide range of issues -- from GDP growth and fiscal consolidation to job creation and GST.
Such a move, Obama argued would attract larger foreign direct investment to the US.
K Pandia Rajan, an expert on the employment scene and recruiting speaks on the buoyancy in the Indian economy and what youngsters can look forward to.
WhatsApp has drawn massive criticism from users globally, including India over concerns that data was being shared with its parent company, Facebook. WhatsApp, on its part, has maintained that messages on the platform are end-to-end encrypted and that neither WhatsApp nor Facebook can see the private messages on WhatsApp's platform.
'The term 'pro-growth' must be qualified somewhat because, while a rising tide will lift all boats, it will not necessarily do so equally.'
India has got the money and workforce, but no Indian firm has so far decided to do it
The need for larger investment in infrastructure that is the biggest shortcoming, says A V Rajwade.
The markets, at this point, have rallied on the view that the Fed will not budge from the zero-bound as long as inflation remains subdued
The Rafale will surely be flying in Indian skies next year. But the way the BJP government has botched this will cast a shadow on defence acquisitions in the years to come.
The minister further said state discoms should not give orders for supply of equipment to Chinese firms.
SBI had a tough journey in the last 40 years.
Our large military requirements make for an enormous buyer's leverage, which the defence ministry fritters away in piecemeal purchases
