GST council may propose a faster refund procedure, deferment of electronic way bill, further simplification of composition scheme
'So far, the government has sanctioned more than Rs 300 billion as GST refunds,' Ansh Bhargava and Aditya Singhania point out.
Sales of gold coins and bars should be curbed after reaching around 300 tonnes
'The sooner Pakistan and India face these geopolitical realities, the better it will be for their own security and prosperity,' observes Ambassador M K Bhadrakumar.
As per the bill, the salary and allowances of legislators have been raised from Rs 55,000 to Rs 1,05,000 per month, an increase of 90.91 per cent.
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
The steep depreciation of rupee will not give an immediate advantage to the country's exporters.
Experts believe that under-reporting is likely to cause an underestimation of the spread of the disease.
To improve compliance, govt may introduce lottery reward for filing GST. The Consumer Welfare Fund, where anti-profiteering proceeds are deposited, will be used to reward the lucky winners on monthly and annual bases. The prize money, yet to be fixed, may run into several lakhs of rupees for the annual draw, and about Rs 50,000 for monthly draws.
The BCCI made a surplus of Rs 111.83 crore in the last fiscal, a dip of over Rs 55 crore as compared to the previous one, said its Treasurer Anirudh Chaudhry. "In the year under consideration, the surplus of income over expenditure was Rs 111.83 crore as against Rs 166.87 crore in the earlier year," stated Chaudhry in his annual report for 2015-16.
'The CEA suggested that could be as high as 19 per cent.'
GST rates on under-construction houses maybe reduced from 12 pc with input tax credit to 5 pc without ITC. Similarly, the rate for under-construction affordable houses could come down to 3 per cent without input tax credit, from the current 8 per cent.
The CAG has found that the Union government in the very first two years of the GST implementation wrongly retained Rs 47,272 crore of GST compensation cess that was meant to be used specifically to compensate states for loss of revenue.
Special Economic Zones are likely to be central to realising Prime Minister Narendra Modi's ambitious Make in India agenda.
Accounting for the first Advance Estimates for 2017-18, an additional planned borrowing of Rs 200 billion, the fiscal deficit could come in at 3.35 per cent of GDP.
India is the second largest buyer of Iranian crude, after China.
A bunch of CEOs in their mid-30s and early 40s are trying to rectify the scenario where shady lending applications trap hapless borrowers with astronomically high interest rates and even bodily harm if the money was repaid. Anup Roy reports.
Interestingly, India had objected to the establishment of a UNHCHR when it was proposed by the US at the Vienna Conference on Human Rights in July 1993 and the whole proposal was remitted to the General Assembly in New York because India and others said that the whole issue should be examined in detail, says Ambassador T P Sreenivasan, who had led the Indian delegation for negotiating the terms of the HCHR.
Economists polled in a recent survey by Ficci unanimously felt that the rupee will continue to be under pressure in 2018-19
'You cannot fight a disease as complex as COVID-19 without a carefully calibrated, localised response.'
The BCCI agreed to pay around USD 200,000 to the ICC in exchange for increasing the staging centres of this year's Champions Trophy.
All international passengers will henceforth be screened at airports, Health Minister Harsh Vardhan said at a press conference. Earlier, travellers from only 12 countries were screened at airports for the disease that has claimed over 3,000 lives and infected more than 90,000 worldwide.
The Board of Control for Cricket in India paid the International Cricket Council around Rs 2.4 crore for various charges incurred for the Indian squad carrying "additional team members" during the World Cup earlier this year.
Sharad Sharma, co-founder and governing council member at iSPIRT, on Tuesday admitted using anonymous accounts to troll on social media those who raised questions on Aadhaar and its applications by the government.
India's low passion, very cautious, relationship with Iran of the last 36 years awaits transformation, says Lieutenant General Syed Ata Hasnain (retd). Prime Minister Modi's visit cannot be a negotiating event; it is a symbolic one to strengthen the politico-diplomatic relationship.
The Centre on Thursday said that the expression 'office of profit' has not been defined in "any law".
Bidders have to deposit a security fee of Rs 25 crore as well as minimum guarantee fee.
Switzerland has come under international pressure, including from India, amid concerns that black money is stashed in Swiss banks.
Embraer cannot escape Indian laws just because it has struck a settlement with American authorities, Parrikar said.
The finance ministry has put out a revised draft in public domain.
Finance Minister P T R Palanivel Thiagarajan has proclaimed his determination to set Tamil Nadu's fiscal house in order in five years, and Friday will show how he plans to go about it when he rises to present the Stalin government's maiden budget, says N Sathiya Moorthy.
Presently director at the Indian Council of Agricultural Research's Sugarcane Breeding Centre in Coimbatore, Bakshi Ram's next target is to improve both cane yields and sucrose content in cane varieties cultivated beyond the Vindhyas in Tamil Nadu and Karnataka, as also Maharashtra.
Advertising industry watchdog ASCI upheld complaints against 82 campaigns in June for misleading ads, including those of Flipkart, Uber, Snapdeal, Vodafone.
Clamping down on the delays in repatriating foreign exchange earnings, the Reserve Bank of India (RBI) has tightened norms for special economic zones (SEZs), asking them to realise and bring back full value of goods and services to India within a year from the date of export.
Industry asked the government to be 'brave and bold' and said that it will rise to the occasion.
With exporters' claim for over five months still pending, liquidity has been wiped out and the process of finalising new contracts has been held up.
The Reserve Bank of India (RBI) has liberalised the procedure for facilitating the import of rough diamonds (termed roughs in the trade).
Rejecting IMF and World Bank's "unduly" pessimistic projections, Prime Minister's key economic advisory council chairman C Rangarajan on Thursday exuded confidence that the growth would be around 5.5 per cent in the current fiscal.
Inter-state supply may come under GST composition
