Investors lost Rs 2 trillion as Sensex crashed on Tuesday.
'I don't know how long the small-scale handmade sector can survive,' a shoemaker from Hisar tells Geetanjali Krishna.
As freebies/gift vouchers attract GST, retailers are opting for straight discounts this festive season.
He also pointed out that the home ministry was neither consulted, nor did it give the necessary security clearance
Indian economy about to take-off
For his first Budget in July 2014, Jaitley inherited a fiscal deficit target of 4.1 per cent of GDP. From 4.1 per cent, the fiscal deficit came down to 3.4 per cent by 2018-19, with two slippages from the budgeted targets, in 2017-18 and 2018-19, the former due to introduction of the GST, says Arup Roychoudhury.
Govt looking for common ground on GST; hopes to pass it soon.
Maharashtra has the opportunity to solve all these problems by voting for the Congress and NCP, he said.
The Modi government's array of economic policy has been impressive.
According to the global financial services firm, FY16 would be a notable year for India with gradual improvement in economic growth and declining inflationary pressures amid falling global commodity prices and policy initiatives.
It would also be the last policy of Rajan
Finance Minister Arun Jaitley to discuss state-level issues before finalising GST.
The BJP leadership is understandably mulling all options on the roll-out of the GST.
The broad trends of GST collections will make you wonder if indeed the biggest indirect tax reform in the country has led to a real improvement in revenues, notes A K Bhattacharya.
The government is looking to plug loopholes in the Indian customs law provision that allows tax exemptions for gifts up to Rs 5,000 and trade samples up to Rs 10,000 sent to India from abroad.
To meet the yearly target, each of the next five months has to yield Rs 1.107 trillion GST collections.
The entire Budget-making exercise will be advanced by 3-4 weeks so as to complete the legislative part of financial business before April 1, the start of a financial year
GST Council extends anti-profiteering authority's tenure, sends rate cut on EVs to fitment panel and also extended the date for filing annual returns under the GST by two months to August 30.
Hasmukh Adhia to present revenue dept's performance over past year & plan for current financial year
GSTN said those who do not want to give their Aadhaar numbers would have to undergo physical verification.
Defence outlay alone will jump 22 per cent
The Bill provides comprehensive legislation to prohibit unregulated deposits, with punishment for those promoting such schemes or defaulting on repayment.
The president also pitched for simultaneous elections to Parliament and state assemblies, saying there was a need to discuss and build a consensus among all parties on the possibility of holding simultaneous polls.
For India, it is business as usual with the government muddling along.
Finance Minister Arun Jaitley said government would continue reforms by taking executive actions.
'The market position from here on is expected to go up'.
Consensus building is likely to be the biggest casualty.
The government plans to raise resources to finance capital spending beyond the Rs 3.10 lakh crore budgeted for 2017-18 through higher borrowing or divestment receipts.
Now, in many cases, they give no old jewellery but the bills they get show gold as provided by them, the jeweller's making charge and the GST on that.
'The RBI is not releasing Rs 2,000 notes for the last 10 days; probably they have stopped printing it.'
After enduring volatility for the first two months of calendar year 2016 (CY16), global equity markets have recouped some of the losses in March. Jigar Shah, chief executive officer, Maybank Kim Eng Securities, believes the next triggers for the rally will come from a soft landing in China and no recession situation in the US.
The Modi administration has been unable to initiate key reforms.
The government had lately issued an ordinance on the insurance sector and introduced a Constitution amendment Bill on a national goods and services tax.
The transition to a single, nationwide tax on goods and services will streamline business and boost the economy by tearing down barriers between 31 states and union territories.
Vasanthakumar, who started his career as a salesman, today owns a retail empire.
A Dubai trip plus Apple iPhone 12 is cheaper than buying the phone in India. Various models of the iPhone 12 Pro and Max are cheaper in Dubai by up to Rs 35,000 owing to higher GST, Customs duty in India.
BJP would observe the next 10 days -- from Sunday to September 17, the birthday of the PM -- as 'seva parva'.
Ruptures in the opposition unity emerged barely a week after 17 parties joined hands to put up a joint candidate against the ruling National Democratic Alliance nominee for the July 17 presidential election.
The government wants to introduce a nationwide goods and services tax to revive its stalled reform programme.
FMCG, durables, pharma firms say they remain unclear about transition gains and losses
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