Gold traders and jewellers continued their strike for the 17th day today in protest against the 1 per cent excise duty on non-silver jewellery announced in the Budget.
Inching towards rolling out of GST, the GST Council on Saturday approved a law to compensate states for any loss of revenue from the implementation of the new national sales tax but deferred approval for enabling laws to next meeting.
Pharma body wants all excisable goods used for R&D purposes should be exempted from central excise duty.
The manifesto, on the lines of the party's promise in Delhi in 2015, also says the AAP government will set up Aam Aadmi canteens at sub-division and district levels where one time meal will be available for Rs 5, and reduce the power tariff to half for usages up to 400 unit.
All but written off after a string of injuries wrecked havoc on his career four years ago, enigmatic boxer Akhil Kumar staged a remarkable comeback to make the 10-member Indian men's team for the Asian Games, in Incheon, South Korea.
Only after its recommendations will the central GST, integrated GST and state GST Bills be taken up
The opposition parties vehemently criticised the new 'one nation, one tax' system having four different rates instead of a single rate adopted in some countries including the UK and Singapore.
The government plans to implement the single rate GST, which would subsume central excise, service tax and other local levies, from April 1, 2016
Releasing its 70-point programme, Kejriwal called party's manifesto 'holy'.
The key proposals from the IT industry that were not addressed included removal of dual levies on software products
Jet fuel constitutes over 40 per cent of an airline's operating costs and the price increase will raise the financial burden on cash-strapped carriers.
GST compensation law allows for imposition of cess on certain luxury goods like tobacco, high-end cars and aereated drinks to create a corpus for compensating states for any loss of revenue in the first five years
As the MAMI film festival kicks off, Aseem Chhabra picks the must watch Indian movies.
'Till now, we were under tremendous stress. The economy was not recovering, the financial cycle was not moving and the banks were not supporting.' 'With the government pumping in money to the banks and asking the NBFCs to give priority to the MSME sector, there will be a revival.'
Biennial elections are being held for 58 Rajya Sabha seats across several states and by-poll for one in Kerala.
Boosted by handsome royalty from oil facilities at Barmer, the Rajasthan government has spent nearly Rs 30,000 crore on various social welfare schemes in the last four-and-a-half years. Chief Minister Ashok Gehlot tells Business Standard's Mayank Mishra that the state's better performance on various socio-economic indices is a result of that. The excerpts:
Frozen mutual funds and shares worth Rs 86.72 crore belong to Choksi and his group, and the rest are owned by the Modi group.
Jauhar is a recurrent theme in the history of that period. And Khilji was hardly the only Muslim invader whose onset forced women to self-immolate. Nearly the entire Mughal clan, including the benevolent Akbar, forced jauhar on the defeated, says Vikram Johri.
Common items between Centre and states - bread, eggs, milk, vegetables, cereals, books and salt - will continue to be exempted.
Boost to dairy sector will generate jobs
'In practice, GST will increase the pain of compliance, if not the cost, a lot.' 'It also has clauses that offer scope to create a single market for corruption,' warns Devangshu Datta.
Manchester United have deposed Real Madrid as the world's richest soccer club after revenue grew to a record $735 million in 2015-16, according to Deloitte's annual Money League published on Thursday.
The airline is gearing up to come out with an initial public offer.
The British were in India for over 300 years but they never became Indians. The East India Company sent all its loot back to London and the British empire continued that tradition. On the contrary, the Mughals did not send a single rupee outside India. So by what right does one call them traitors, asks A Ganesh Nadar.
Some of the players in the GST race are Payworld, Dell, Tally Solutions
In Mumbai, jet fuel costs Rs 71,940.36 per kl as against Rs 73,306.89 per kl previously, IOC said.
Sounds good? This is science fiction but the science quotient is, so to speak, being enhanced, as the grasp of genetics improves, says Devangshu Datta.
Overseas airlines can operate unlimited number of flights into and out of India.
Online companies would look forward to an integrated and uniform approach for tax laws and regulatory policies
Since end-May there has been volatility in the foreign exchange market.
Jet fuel (ATF) prices have been hiked by a steep 6.9 per cent, taking the rates to lifetime high of Rs 75,031 per kilolitre.
'Many theories are doing the rounds on how to declare unaccounted income.'
'One of the more interesting ideas I have heard,' says Harsh Roongta, 'is that the tax payer can state that he found the currency notes in a bag on the street.'
Aviation Turbine Fuel, or ATF, price at Delhi was cut by Rs 3,025.34 per kilolitre, or 4 per cent, to Rs 71,800.21 per kl, according to Indian Oil Corp, the nation's largest fuel retailer.
A government report revealed that fake companies floated with fake addresses, issued fake GST invoices and generated fake e-way bills, with fake vehicle registration details without supplying any goods causing huge loss to the exchequer.
Tata Sons has moved the Supreme Court against an estimated Rs 300-crore (Rs 3-billion) sales tax demand from the Maharashtra state government.
The loss on diesel sales has inched up marginally to Rs 8.37 a litre even as a surge in international oil rates and a weakening rupee wiped out gains from a 50 paise increase in the price of the fuel.
"At present, there are two main rate slabs under which sa majority of goods are covered -- five per cent and 12.5 per cent -- which will now increase to three (five per cent, 12 per cent and 18 per cent).Will this result in multiple litigations is anybody's guess."
It suggested reforms in the real estate sector.
GST impact: Higher lease payouts may hit airlines, cab aggregators.
Jewellers on Monday decided to continue their pan-India strike for an indefinite period against the Budget proposal.
