The Centre and states are looking to further tighten the GST registration process and legal measures to deal with the rising cases of fake invoicing. A meeting of the law committee of the GST Council has been convened on Wednesday to discuss these issues, finance ministry sources said. The committee, comprising senior central and state tax officers, would also discuss the GST fake invoice frauds, further tightening of the GST registration process and work out other legal measures including necessary law amendment required in the GST Act to curb the menace of fake invoicing, they added. Also the provisions related to deemed registration under Goods and Services Tax (GST) law may be tightened to prevent the misuse of such provisions by fake dealers and the provisions related to suspension of registration may also be streamlined to make the procedure of suspension and cancellation of registration more efficient and faster, so that such fraud operators can be prevented in time from continuing to pass on fake credit down the chain.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Karsanbhai Patel's risk-taking abilities are on display once again.
A summary of Ranji Trophy matches played on Thursday.
'Short term volatility is likely due to various factors, global and domestic; investors may use this as an opportunity to increase the allocation to equities.'
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
About 27,420 tonnes of Maggi noodles will end up in furnaces.
Coal and steel were only two sectors that saw some growth.
Hiring for management professionals with greater than 16 years of experience witnessed a spike of 66% compared to last year.
Removal of this status means India can now enhance customs duties to any level on goods coming from Pakistan.
Apple Inc is commencing assembly of its iPhone 12 model in the country, a move that is expected to help the US tech giant further consolidate its position in the burgeoning smartphone market in India. Apple has partnered with third-party manufacturers like Foxconn and Wistron to make some of its phones in India. These include iPhone SE, iPhone 10R and iPhone 11.
Core sector companies have seen volumes drop to single digit in the first nine months of FY16.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
From small restaurants to mighty software companies, it is businesses, not the government, that create jobs. Yet, in a cruel irony, they have to fight extortive and brutal State power every step of the way, says Debashis Basu.
Falling incomes and longer winter to translate into lower demand for at least some months.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
India Inc's quarterly net profit reached a record high of Rs 1.64 trillion in the third quarter ended December 31, 2020, mainly due to gains from higher commodity prices and a big swing in banks' earnings. The combined net profit of 3,323 listed companies that have declared results so far was up 68.6 per cent year-on-year (YoY). In comparison, earnings were up six times (534 per cent) in the second quarter and 6.5 per cent in the corresponding period last year.
The output had expanded 1.8 per cent year-on-year in January.
Markets and blue chip stocks may see a downward correction in short-to-medium term.
As Covid-19 cases surge in India, companies have realised it's a tightrope walk between maintaining production and ensuring employee safety.
The six core infrastructure industries -- crude oil, petroleum refinery products, coal, electricity, cement and finished carbon steel-- had registered a growth rate of 3.6 per cent in January 2008.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
'Kerala isn't as dependent on agriculture like Bihar or Odisha or even other southern states.' 'Economic losses would not be too intense, unlike other states.' 'The floods could, at best, impact India Inc's earnings for a quarter or two.'
Within IIP, the capital goods sub-index has contracted for seven continuous months, suggesting investment demand continues to be weak.
'The Indian cement sector is the most energy-efficient worldwide, mainly due to modern technology used in the plants but also because of efficient monitoring of a plant's performance on a daily basis, focusing on energy savings and carbon dioxide emission reductions.'
The eight core sector industries have a weight of 37.9 per cent in the overall Index of Industrial Production.
'Will you declare MSP for 100 odd crops that the farmers of India grow?'
From the pandemic shocks to state polls to global trends, a raft of sentiment drivers are expected to steer the Indian stock market in 2022 after a historic year of massive investor returns and milestones. The Union Budget, which will be closely watched for further reform moves, and quarterly earnings of corporates will be among the developments on investors' radar amid global central banks moving towards tighter interest regime in the wake of inflationary pressures. The year 2021 was rewarding in a big way for equity investors.
Premiumisation, improving demand aid realisation growth at most large firms
Geopolymer concrete features greater corrosion resistance, substantially higher fire resistance (up to 2400 degree F), high compressive and tensile strengths, a rapid strength gain, and lower shrinkage.
The growth rate was much higher a year ago at 8.7%.
TCS was the top gainer in the Sensex pack, rising around 4 per cent, followed by ONGC, ICICI Bank, HDFC Bank, Dr Reddy's, HDFC and HCL Tech. NSE Nifty advanced 76.65 points to 14,581.45.
It is developing ash parks at Varanasi, Raipur, Pune and Cuttack, to make it available to ash-based product manufacturing units at these centres. It recently signed an agreement with NHAI for supply of ash for use in road construction.
India's harsh lockdown has left companies grappling with temporary closure, chaotic supply chains and depressed demand. Consequently, business plans have been modified.
Except for crude oil, natural gas and fertilisers, all other segments registered healthy growth.
It hit more than a year's low of 1.8 per cent.
Govt to issue ownership rights of 15 coal mines on Mar 23.
The core industries that also include coal, electricity, cement, petroleum refinery products and finished steel, and carry 37.9 per cent weight in the Index of Industrial Production, had grown by 5.8 per cent in May last year.
Ajit Mishra answers reader queries on the stock market.
ndia has become the world's second largest market of asbestos as the government backed by powerful corporate lobby turns a blind eye to diseases related to the use of the hazardous chemical.
