The Telecom Regulatory Authority of India expects at least 1,000 radio stations in the next 2-3 years following its recommendation of a low entry fee and migration to a revenue sharing regime for the second phase.
He further added that India needs $1 trillion investment in infrastructure during the 12th Five-Year Plan.
The GST Council has set up a Group of Ministers, chaired by Haryana Deputy Chief Minister Dushyant Chautala, to suggest required changes in the law for setting up the GST Appellate Tribunal (GSTAT). The GST Council, chaired by Finance Minister Nirmala Sitharaman and comprising state ministers, had last week decided to constitute a Group of Ministers (GoM) to address various concerns raised by states in relation to constitution of the GSTAT. As per the Terms of Reference (ToR) of the GoM, the panel would recommend required amendments in the GST law to ensure that the legal provisions maintain the right federal balance and are in line with the overall objective of uniform taxation within the country.
Finance Minister Nirmala Sitharaman is likely to strike a fine balance between being fiscally prudent and growth supportive when she presents her fourth straight budget on Tuesday, which is expected to have plans to boost spending to revive investment and create jobs. The Budget for the fiscal year starting April 1, 2022 is likely to raise spending on infrastructure to set the economy on a firmer footing. The stage for the Budget presentation was set by the Economic Survey stating that the government has the fiscal space to do more to support the economy that is forecast to grow at a healthy 8-8.5 per cent growth in the 2022-23 fiscal.
Panel to submit recommendations to the Cabinet for approval.
'China and India have encountered some setbacks in recent years which do not serve the fundamental interests of the two countries and the two peoples'
During a televised address, Kuleba accused Russia of violating the ceasefire agreements and urged it to stop shooting to allow civilians, including foreign students, to evacuate.
Finance Minister Nirmala Sitharaman performed yoga during a mass yoga session at the Jantar Mantar in New Delhi to celebrate the eighth edition of the International Day of Yoga, June 21, 2022.
UK Chancellor of the Exchequer Rishi Sunak has written to his boss, Boris Johnson, to be referred to one of the British Prime Minister's independent advisers to review all his ministerial declarations of interest amid a row around his family's tax affairs. The Indian-origin finance minister, who has been fighting back attacks over wife Akshata Murty's tax arrangements in India and also Opposition allegations around his own finances, said in a Twitter post on Sunday that he is confident the independent review by House of Lords peer Christopher Geidt, the Independent Adviser on Ministers' Interests, will provide "further clarity". "My overriding concern is that the public retains confidence in the answers they are given and I believe the best way of achieving this is to ensure those answers are entirely independent, without bias or favour," Sunak states in his letter to Johnson.
Prime Minister Narendra Modi on Monday chaired a high-level meeting to review preparedness for the hot weather condition in the upcoming summer season and called for preparing separate awareness material for different stakeholders like common citizens, medical professionals, local body authorities and disaster response teams.
The Indian economy has witnessed the creation of 28 unicorns, or startups valued over $1 billion, this year on the back of a series of reforms unleashed by the government, Finance Minister Nirmala Sitharaman said. Addressing a virtual conference organised by the Indian Private Equity and Venture Capital Association (IVCA), the minister said the Indian economy has witnessed a spur of unprecedented growth in the form of startups in the last two decades. The Department for Promotion of Industry and Internal Trade (DPIIT) has recognised more than 56,630 startups across districts throughout India, IVCA said in a statement quoting the finance minister.
Within a week of Shiv Sena Chief Bal Thackeray asking private FM radio channels to air Marathi songs, 94.3 Radio One has decided to have a dedicated weekly show for Marathi music.
Finance Minister Nirmala Sitharaman captivated her audience at the Women Directors Conclave.
Godrej Appliances has launched a music-enabled refrigerator, Godrej Edge SX MuziPlay, with FM radio and MP3 player. The refrigerator has additional facilities such as a mobile charging point with USB port.
The Ministry had disallowed the group from taking part in auction.
Budget forces last minute change in finance minister's plans.
The Union Budget on Wednesday outlined several initiatives to drive India's technology agenda and boost digital infrastructure, including new centres of excellence for artificial intelligence, National Data Governance Policy, and Entity DigiLocker.
Finance minister Nirmala Sitharaman on Monday said windfall tax on petroleum products, crude is not ad hoc, but being charged in regular consultation with the industry. Addressing an event organized online, the minister said it is unfair to call windfall tax as ad hoc, because the tax rate and its resetting are done in complete consultations with the industry. "The very idea was implemented after taking the industry into full confidence," she said at a function organised by Elara Capital.
Finance Nirmala Sitharaman on Friday asked various ministries to try to spend more than their capital expenditure targets as well as explore public private partnerships for viable projects. During a meeting with senior government officials to discuss the infrastructure roadmap, she also urged the ministries and their CPSEs to ensure clearance of Micro, Small and Medium Enterprises (MSME) dues at the earliest. This was the fifth review meeting by the finance minister with ministries and departments on the infrastructure roadmap.
The NSE Nifty closed at 4,575, up 75 points. The market breadth was fairly positive - out of 2,771 stocks, 1,711 advanced, while 958 declined.
Ambika Soni, the new I&B minister, called for a full-presentation on Tuesday on both these issues from senior I&B officials, a day after she took charge of the ministry.
External Affairs Minister S Jaishankar met United States Secretary of State Antony Blinken in Phnom Penh on Sunday and discussed bilateral ties, the raging Ukraine conflict, energy issues, G20 and the situation in the Indo-Pacific, days ahead of a possible meeting between Prime Minister Narendra Modi and President Joe Biden.
Finance Minister Nirmala Sitharaman on Monday said she is awaiting an approval from the Cabinet on bill on cryptocurrency as the proposed legislation is before it. The inter-ministerial panel on cryptocurrency under the chairmanship of secretary (economic affairs) to study the issues related to virtual currencies and propose specific actions has already submitted its report. It has recommended that all private cryptocurrencies, except any virtual currencies issued by state, will be prohibited in India.
Civil avation minister Praful Patel said on Tuesday he would once again take up with the finance minister P Chidambaram the issue of rationalisation of taxes on Aviation Turbine Fuel.
'Three decades of intensive discussions, protocols and Confidence Building Measures were jettisoned one fine morning in 2020.' 'The primary lesson that has been learnt is that that there is no reliability about the Chinese.'
It is learnt that Lavrov is expected to travel to India either on Thursday or Friday after concluding a two-day visit to China.
Big 92.7 FM, which plans to reach 45 cities, 1,000 towns and 50,000 villages, will see the group making an investment of Rs 400 crore (Rs 4 billion) towards transmission equipment, infrastructure and licencing.
Expectations that various sectors and the common man is eyeing in this budget.
Brokers od bothe the Bombay Stock Exchange and National Stock Exchange on Tuesday demanded a single transaction tax on securities for only foreign institutional investors and non-resident Indians and asked Finance Minister P Chidambaram
Most of the members, including Prime Minister Narendra Modi, were seen wearing face masks. However, members had crowded the Lok Sabha chamber, while hardly a handful of others, including union ministers Dharmendra Pradhan and Piyush Goyal, were seen seated in the Rajya Sabha chamber.
'I'm pitching India for the strengths we offer, including the English language, engineers, doctors, nurses, professionals, innovative talent of startups.'
President Pranab Mukherjee said he had no role in Singh's exit as RBI Governor.
The event is set to witness a lot of fireworks as it provides yet another opportunity to a section of ruling party critical of the UPA regime's economic policies.
7 key areas that the Budget must address to re-energise the infrastructure sector, suggests Vinayak Chatterjee.
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