The commerce ministry has called a meeting on Monday to discuss tighter norms amid reports of increased round-tripping of gold
The 47th GST Council meeting that is currently underway is slated to discuss a host of issues, including a mechanism for compensating states for revenue loss, tax rate tweaks in some items and relaxed registration norms for small online suppliers. Further, the meeting of the Council, chaired by the Union Finance Minister Nirmala Sitharaman and comprising state counterparts, will also clear levying the highest tax of 28 per cent on online games, casinos and horse racing, besides, measures to curb tax evasion, especially devising ways to tackle high-risk taxpayers in GST. "The meeting is being chaired by Hon'ble Union Minister of Finance @nsitharaman and many important decisions are expected to be taken at the meet," PIB Chandigarh tweeted.
Double trap shooter Ronjon Sodhi won the individual silver medal and helped Indian team bag the bronze at the Asian Clay Championship.
Lakshya Sen, returning from a break, suffered a first round exit, while Treesa Jolly and Gayatri Gopichand entered the pre-quarters of the Asia Badminton Championship.
Globally, gold declined from the highest level.
There was no let up as the Aussies kept pressing hard from the start, while India hardly enjoyed possession, which was further compounded by an injury to skipper Manpreet Singh.
Regular knock out defeats at global events gives rise to serious questions
Extending losses for the second straight session, both gold and silver today declined in the national capital due to subdued demand from stockists at prevailing higher levels amid a weak Asian trend.
While SA great Lance Klusener hailed Hardik Pandya as one of the best fast-bowling allrounders, he believes Pandya gave up on Test cricket too easily.
Brazil came from behind to defeat the United States 2-1 in a CONCACAF Gold Cup semi-final
Gold struck another historic peak of Rs 18,000 per ten gram in the national capital today on sustained buying by stockists for the current marriage season amid a weakening dollar and reports that more central banks might purchase gold from the International Monetary Fund.
India's best medal hope, five-time World boxing champion M C Mary Kom lived up to expectations as she beat Zhaina Shekerbekova of Kazakhstan to win the gold medal in the flyweight category (48-51kgs) at the Asian Games, in Incheon, on Wednesday.
Gold prices plunged by Rs 410 to trade at over two-week low of Rs 27,790 per 10 grams at the bullion market on Monday.
Multi-asset funds offer exposure to gold, which tends to do well in times of geopolitical tensions and inflationary pressures, suggests Sanjay Kumar Singh.
A market where prices are not likely to go up is excellent for the long-term investor.
Despite the recent imposition of import rule and high duties, the yellow metal continues to attract buyers.
'CWG was not that important to me as my main target is Paris'
The gold medallists on Day 16 of the 2016 Olympic Games in Rio de Janeiro, on Sunday.
Recycling in India fell by 22 per cent to 14 tonnes against 18 tonnes.
Nikhat, Lovlina on course for CWG berth
Rediff.com introduces you to the athletes who have brought India glory in Birmingham.
World number one Rafael Nadal recovered from an upset loss against Belgium's David Goffin to win the deciding doubles match and send Spain into the semi-final of the ATP Cup teams event in Sydney in the early hours of Saturday. Spain will now play host nation Australia in the inaugural event, while Serbia, led by world number two Novak Djokovic, take on Russia.
Poor demand at existing higher levels further dampened the trading sentiment, traders said.
Jewellery traders said the exemption of branded jewellery from excise duty will have a marginal effect on the traders as only few customers buy\nbranded jewellery.
Rahi Sarnobat beat all expectations to become India's first woman shooter with an Asian Games gold and the low-profile wushu players delivered their best ever performance even in defeat on another high-yielding day for the country at the regional showpiece.
For Pinarayi, a victory in Thrikkakara would have come as public endorsement of his development initiatives, including controversial K-Rail project, which has witnessed widespread protest
In the other quarter-final, Thailand Open gold medallist Ananta Chopade (54kg) was knocked out after suffering a 0-4 loss to Kyrgyzstan's Seidekmatov Sanzhai.
The designated women's coach of the Indian team, Anindita Chakraborty, was conspicuous by her absence in the knockout fixture. Instead, men's coach S Raman sat on the courtside as India women's were shocked by Malaysia in the quarter-finals.
In Delhi bullion market, gold fell by Rs 295 to trade at Rs 11,350 per 10 gram in evening trading, a level last seen on January 21, this year.
Traders said sustained selling by stockists in tandem with a weakening global trend mainly kept pressure on precious metal prices.
Govt restrictions on import biting deep; trade petitions for relief with units, workers idling.
India women claim hockey CWG medal after 16 years
At their medal ceremony, the players team sang the Russian anthem over the sound of the Olympic anthem at the Gangneung Hockey Centre despite being barred from having their flag raised or anthem played.
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Gold tumbles by Rs 1,250 to Rs 30,950.
Widening of the tax base, doing away with cess and surcharge, improvement in compliance and moderation in tax for emerging sectors are some of the suggestions submitted to the Finance Ministry ahead of the Budget by Think Change Forum (TCF). Experts are of the opinion that there is a need to grow tax revenues for the government to drive economic growth and make investments in developmental activities, TCF, the think tank said in a statement. Towards this end, poor compliance was identified as a weak link in achieving targeted collections leading to complex issues like overtaxing, complicated tax structures, rising litigation, among others.
Over 300 associations, that consists of over 3 lakh manufacturers, retailers, wholesalers and artisans among others, are participating the nationwide stir.
Indian hockey wrote a historic chapter exactly 46 years ago on this day in Kuala Lumpur when the country lifted its only World Cup title, but the architects of that golden achievement rued the fact that countrymen has gradually forgotten their feat.
Tulsidas Balaram, who passed into the ages last week, was a member of the Indian football team which reached the semis at the Olympics and won an Asian Games gold medal.
India's top player and Asian Games gold medallist Koneru Humpy, who had come back into medal contention after a modest performance on day two, had to settle for the sixth place though she logged eight points.
Borrowers should be careful if the app promises too-quick disbursal, and doesn't provide adequate information on the terms of the loan, such as interest rate, repayment schedule, etc.
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