He also pointed out that the home ministry was neither consulted, nor did it give the necessary security clearance
Govt looking for common ground on GST; hopes to pass it soon.
Indian economy about to take-off
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.
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.
It would also be the last policy of Rajan
To meet the yearly target, each of the next five months has to yield Rs 1.107 trillion GST collections.
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.
GSTN said those who do not want to give their Aadhaar numbers would have to undergo physical verification.
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.
The Bill provides comprehensive legislation to prohibit unregulated deposits, with punishment for those promoting such schemes or defaulting on repayment.
Hasmukh Adhia to present revenue dept's performance over past year & plan for current financial year
Defence outlay alone will jump 22 per cent
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
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.
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.
The sector seems set for a rally that may be somewhat temporary.
Five years after demonetisation, which sought to curb black money and reduce cash circulation in the economy, 70 per cent of respondents said they paid a large component of the total payment towards a real estate transaction in cash. About 16 per cent said they paid over half the amount in cash, observes Shyamal Majumdar.
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.
'The RBI is not releasing Rs 2,000 notes for the last 10 days; probably they have stopped printing it.'
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.
Finance Minister Arun Jaitley said government would continue reforms by taking executive actions.
While seven of the suspended MPs belonged to the TMC, six were from the DMK, three from the Telangana Rashtra Samithi, two from the Communist Party of India-Marxist and one from the Communist Party of India.
For India, it is business as usual with the government muddling along.
BJP would observe the next 10 days -- from Sunday to September 17, the birthday of the PM -- as 'seva parva'.
'The market position from here on is expected to go up'.
Consensus building is likely to be the biggest casualty.
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.
The Congress leadership has become stunted, it does not understand agriculture and the party is trying to mislead farmers for its own vested interests, said Union Agriculture Minister Narendra Singh Tomar.
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 Modi administration has been unable to initiate key reforms.
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.
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.
Vasanthakumar, who started his career as a salesman, today owns a retail empire.
The budget underscores government's previous emphasis on capex to sustain near-term recovery from the pandemic, while simultaneously paving the way for longer-term restructuring of the economy, it stated. But the various spending initiatives are not offset by any significant announcements related to further increase revenue generation; rather, the announced revenue-related measures are aimed at other objectives such as fostering startup innovation, ensuring more equitable treatment for cooperatives and state employees, and promoting tax compliance through simplification, Christian de Guzman, a senior vice-president, sovereign risk group, Moody's Investors Service, said.
FMCG, durables, pharma firms say they remain unclear about transition gains and losses
The government wants to introduce a nationwide goods and services tax to revive its stalled reform programme.
All you need to know about the Winter session of Parliament.
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