Service companies such as Infosys, Tata Consultancy Services and Airtel, among others, would be particularly hit.
Initially, private buyers will be able to make bulk purchases on Government e-marketplace, it will subsequently be broadened to small-ticket buying as well.
Rationalisation of rates will be taken up for smaller items that do not have major revenue implications but are commonly consumed at the GST Council meet on Saturday
Some initial reactions to Prime Minister Narendra Modi's announcement of demonetisation of Rs 1,000 and Rs 500 notes with effect from midnight.
Cos ask US treasury to discuss data localisation norms with Indian officials at all platforms the two countries would meet, including G-20, US-India Strategic Dialogue, and IMF Annual Meet.
United Nations proscribed terrorist Lakhvi, 61, who was on bail since 2015 in the Mumbai attack case, was arrested by the Counter-Terrorism Department of Punjab province on Saturday.
SP leader Akhilesh Yadav reacted quickly to the allegation, tweeting that the red caps are a 'red alert' for the Bharatiya Janata Party itself as they will oust that party from power.
The terms are the same as those suggested by a panel headed by Prime Minister's Economic Advisory Council Chairman C Rangarajan for awarding future oil and gas block contracts.
India remains North Korea's 2nd-largest import source after China, according to several estimates by multilateral bodies, says Subhayan Chakraborty.
'It is only natural that in such a national crisis, we should lend a helping hand to the less privileged members of our communities.'
Proposals from the Centre's side include raising the 5 per cent slab to anywhere between 6 and 8 per cent, and doing away with the 12 per cent slab. A few states may oppose such a move because it involves hiking tax on items consumed by the poor. They have instead proposed raising the 18 per cent slab.
US president Barack Obama new initiative to help millions of proud Indian-Americans directly invest in India's future.
The central drug regulator has issued show cause notices to these two importers and asked to stop the import of rapid test kits based on the observation by the apex health research body Indian Council of Medical Research (ICMR).
Concern would kick in if imports stay at or over 100 tonnes a month.
All the details from the meetings of the Committee of Administrators (CoA) held on July 6 and on June 29
However, it is not known why former captain and current national coach Anil Kumble, an equal contributor along with these five during Indian cricket's golden phase, has not been included in the felicitation list.
Modi campaigned on the issue of national security, which cannot be ensured without a strong economy.
The non-oil, non-finance sector of the economy is under severe stress.
The government issued a fresh advisory with a ban on all existing foreign visas, except a few categories like diplomatic and employment, till April 15 in the wake of new positive cases of novel coronavirus in the country.
The Supreme Court Thursday appreciated the Centre's step to grant ex gratia assistance to the kin of those who died due to COVID-19 saying it has to take judicial notice of the fact that what India has done, no other country has been able to do.
In a bid to check the phenomenon of paid news, the Press Council of India on Friday recommended among other things amendment to elections laws to declare any payment for publication of news as a corrupt practice.
Delhi Daredevils will have to cough up Rs. 2 crore despite not getting the services of Indian paceman Mohammed Shami, who has been ruled out for atleast three months from competitive cricket due to a knee injury sustained during the World Cup.
The apex court said that although the legislators are deemed to be public servants, their status is unique and certainly not one of a full-time salaried employee of any person, government, firm, corporation or concern as such.
Restricting the input credit is not a good idea for any sector, particularly real estate which requires more formalisation.
CAIT has attributed its displeasure to the economic downturn, and indifferent attitude of ministers/officials towards domestic trade.
Cash flow-based analysis should throw up businesses better able to survive the transient effects of a working capital crunch, says Devangshu Datta.
Imports too declined 26 per cent to $29.47 billion in August, leaving a trade deficit of $6.77 billion.
Report holds Hitachi responsible for debit card data theft. When the data theft came to light, Hitachi had denied that its systems were compromised.
From small retailers' experiences with e-wallets to digital transaction numbers post demonetisation, Geetanjali Krishna and Karan Choudhury find out where the truth lies.
The Supreme Court-appointed Committee of Administrator chief Vinod Rai was non-committal on being asked whether the COA will ask Team India to participate or allow them to boycott the ICC Champions Trophy, starting in the United Kingdom, on June 1.
Cricketer-turned-politician Gautam Gambhir on Thursday said he will contribute his two years' salary as an MP to the Prime Minister-CARES fund to tackle the coronavirus pandemic sweeping through the country. The BJP's Lok Sabha member from East Delhi made the announcement on his Twitter page, urging people to come forward and donate generously.
GST collections in March slipped below the psychological Rs 1 lakh crore-mark for the first time in four months to Rs 97,597 crore as the Covid-19 lockdown that shut most businesses compounded tax collection woes in an already sluggish economy. Goods and Services Tax (GST) mop-up in March recorded a 8.4 per cent decline over March 2019 collection of Rs 1.06 lakh crore. The collections were lower on account of dip in revenues from domestic transactions as well as imports.
Move after the North Eastern Council failed to make viability payments to the carrier.
The GST will also be applicable on the non-compete amount given by an employer to an outgoing employee, report Indivjal Dhasmana and Sudipto Dey.
The government is also considering mandating payments beyond a prescribed threshold only in card/digital mode.
Taxation and intellectual property rights issue are some basic starting point impediments for US businesses in India, a top Indian-American CEO said on Monday.
Are "dubious" new categories and "shady" new brands, financed and funded by avaricious investors trying to change the contours of the Indian marketplace forever, asks Sandeep Goyal?
The concept of gold as an asset capable of getting anytime money is evaporating.
Replying to the notice issued, the Central government said that ex-gratia amount cannot be paid due to financial constraints and other factors.
Sectors with positive growth during the month include rice, iron ore, oil seeds, oil meals, meat, dairy and poultry products, pharmaceuticals, coffee, engineering goods, and plastic.
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