A deepening payment paralysis in Telangana's liquor industry is beginning to choke manufacturing units and strain supplies, employment, and the broader investment landscape, industry bodies have warned, as unpaid dues accumulate to levels they describe as "unprecedented" and "severe".
In 2024 alone, South India saw the highest rise in sales in the luxury segment, with Tamil Nadu reportedly registering a 19.3 per cent increase in premium car registrations from 2022-23
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Work has to be done on a war footing from now to implement the GST regime.
The five southern states source 10-15 per cent of their revenue from excise duty on liquor but account for nearly half of the total consumption, says a report. The financial position of these states is precarious as the coronavirus lockdown completely dried up this crucial liquidity tap for them in April.
Common use products like hair oil, soaps and toothpaste will be charged with a single national sales tax or GST of 18 per cent instead of present 22-24 per cent
With car penetration of around 22 per 1,000 population, India continues to be a big opportunity to sell cars, especially in rural areas.
The GST will be a national sales tax that will be levied on consumption of goods or use of services
This year, both rural and urban markets have reported around 18 per cent fall in the first quarter. However, most auto majors expect that by January, there would be a pick up.
The entire range of Hyundai's diesel cars - from compact ones to SUV models, including the soon-to-be-launched Aura - will be eco-friendly.
Let alone a discount, they might not even get the model, variant or colour of choice in BS-IV-compliant vehicles.
While customers in metro cities are still buying cars, quick growth is likely only from upcountry markets, where highways and roads are being built, and discretionary income and aspirations are rising.
The company has not indicated the exact rise in prices of its models
In absolute terms, the fiscal deficit -- the difference between expenditure and revenue -- was Rs 6.12 lakh crore during April-November 2017-18
Hyundai Motor India Ltd (HMIL) on Monday said prices of its vehicles across models will go up by up to Rs 5,000 from November 1.
Companies are predictably working overtime to cash in on the boom. LG, Samsung, Panasonic, Videocon have all lined up new models of both HDTV-ready and full-HDTV sets for the world cup this year.
"Goss, 53, will have overall responsibility for the National Sales Company operations of the Jaguar and Land Rover brands in the United States and Canada," the company said in a statement.
Analysts believe the GST could boost India's economic growth by up to 2 percentage points
This festive season is expected to be a happy one for consumer durables companies, with most expecting to clock a sales growth of 40 per cent - double the amount achieved last year.
According to a Lancet study an estimated 15.6 million abortions took place in India in 2015, of which about half of the pregnancies were unintended.
The exercise part of drive to combine operations under single firm.
"After the meeting which took place in Srinagar last week, it is safe to say that GST will be levied across the country starting July 1," Gangwar told ANI.
Both will be powered by the company's Revotron 1.2-litre turbo-charged petrol engines.
States will have exclusive control over all dealers up to a revenue threshold of Rs 1.5 crore in a year
Most of the major car makers in India, including Maruti Suzuki and Hyundai, do not sell cars through internet but use the online medium to convert queries into offline sales through dealerships.
It is also learnt that Deutche bank has initiated a search for a new head of its private wealth management business in India
Manufacturing taxes, VAT will come down, assures Jaitley
Inching towards rolling out of GST, the GST Council on Saturday approved a law to compensate states for any loss of revenue from the implementation of the new national sales tax but deferred approval for enabling laws to next meeting.
The GST rates for all but six items were finalised at the first day of the two-day meeting of the GST Council, headed by Union Finance Minister Arun Jaitley and comprising state representatives.
Now STPs or variable SIPs can earn better returns than vanilla SIPs.
India's economic growth accelerates to 7.4% in Sept quarter
The one national GST unifies the country's $2 trillion economy and 1.3 billion people into a common market, an exercise that took 17 tumultuous years.
Japanese car major Nissan on Tuesday said will hike the prices of its vehicles, including hatchback Micra and sports utility vehicle Terrano in India, by up to 4 per cent from next month in order to offset the impact of rupee depreciation and escalating input costs.
The price increase is marginal and the company is confident that the customers will appreciate its efforts to offer globally renowned products at affordable prices.
Though the sum was nowhere close to the big-ticket monthly purchases seen during the 2004-2008 bull run, it is significant, as it confirms the reversal of a selling spree that began in September 2013.
During 2013-14, the number of investor folios for equity schemes fell by 40 lakh.
Though the intent has been hailed as good for the economy, teething problems remain with a five-rate structure for various goods and services
The Centre is against giving any shock in the first year of the rollout by bringing in new services.
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