GST compensation law allows for imposition of cess on certain luxury goods like tobacco, high-end cars and aereated drinks to create a corpus for compensating states for any loss of revenue in the first five years
Several passengers have been complaining on social media as domestic airlines have decided not to give refunds in cash for cancelled flights due to the lockdown and instead issue credit for future travel.
Four decades of federal evolution made India more secure, but coronavirus is reversing that. Modi's central government has tasted power again and is unlikely to give it up, notes Shekhar Gupta.
Singapore is the most favoured destination for people living in India, Indonesia, Thailand, Hong Kong and the Philippines when it comes to post-lockdown travel.
According to estimates, if the companies are not allowed to raise petrol rates at least Rs 5 a litre by the first fortnight of September, they might begin to suffer underrecoveries on this decontrolled auto fuel, too -- for the first time this financial year.
US aircraft manufacturer Boeing has asked Air India to avoid flying its Dreamliner planes near thunderstorms as it enhanced the risk of icing on engines and the airline has changed its operating procedures accordingly.
Uncapped left-arm spinner Zafar Gohar has joined the test squad from the Pakistan A team currently in Hamilton.
It is Air India's only profitable subsidiary. In 2016-17, it clocked a profit of over Rs 33.4 crore, earning Rs 620 crore in revenues from its handling operations.
The panel suggested inclusion of alcohol and petroleum products in GST, as is being demanded by the Congress.
'During the lockdown if you terminate your employee, then you will face action under the NDMA.' 'This will be the first time something like this will happen in the history of India.'
As the Congress juggernaut rolled on in Karnataka, 12 ministers of the Jagadish Shettar cabinet, including Deputy Chief Minister K S Eshwarappa, fell by the wayside, rubbing salt into the wounds of the vanquished Bharatiya Janata Party.
The move will help address apprehensions as well as potential disputes on various computational and transitional issues such as the loss of input credits and pricing that were bound to arise on account of the change.
The government propagandists should refrain from premature celebrations and misplaced euphoria: Congress.
BSNL will now offer free roaming from this month onwards.
Following the October 24 Supreme Court order, the department of telecom estimated that the total liability of 15 telecom companies, including penalties and interest, would be Rs 1.47 lakh crore.
Revenue jumped 54.5 per cent to Rs 156,291 crore.
Centre meets target of 18,000 villages but household metering remains a challenge
The sops sanctioned by J Jayalalithaa on her first day in office could cost the exchequer up to Rs 8,000 crore annually.
The disagreement between the Centre and states continued over administrative powers.
There are indications or signs of the economy picking up -- collection of GST and consumption of electricity, said former RBI governor, C Rangarajan.
The Department of Telecommunications (DoT) has initiated discussions with banks to address financial stress in the telecom sector, particularly Vodafone Idea Ltd (VIL) that urgently requires fund infusion to stay afloat. There was a meeting of DOT officials and senior bankers on Friday on the issue of Vodafone, sources said, adding that banks have been asked to look for a solution within the prudential guidelines. According to sources, senior officials from the country's biggest lenders State Bank of India and Bank of Baroda were also present among others in the meeting. More such meetings are expected to take place in the coming days, they said.
A large percentage of total tourism business activity of India, which is estimated at $28 billion+ in forex and upwards of Rs 2 lakh crore in domestic tourism activity will be at economic risk through the year.
The list of governmental and corporate intervention based on information technology is growing all the time.
The GST's significance for the BJP's politics is as important as its implications for the Indian economy, says A K Bhattacharya.
The Comptroller and Auditor General's report on the 2G spectrum scam has been tabled in Parliament. The report was tabled in the Rajya Sabha by Minister of State for Finance (EB&I) Namo Narayan Meena. The report was placed in the Loks Sabha by Minister of State for Finance (Revenue) SS Palanimanickam.
The losses in state elections in Rajasthan, Madhya Pradesh, and Chhattisgarh have put the ruling party under pressure to announce swift measures aimed at addressing rural distress and lack of employment.
For the first time in seven months, state-run fuel retailers are making losses on selling diesel and together with negative returns on petrol, LPG and kerosene, the companies may lose Rs 38,700 crore (Rs 387 billion) in revenues this year.
The United States survived a fright from little Latvia on Saturday before winning 3-2 in a Fed Cup qualifier as Serena Williams suffered her first career singles loss in the team event. Switzerland, Spain, Belgium, Slovakia, Germany, Russia and Belarus also moved through to the inaugural 12-nation showdown in Budapest.
'The competition between the two is definitely going to be of great interest to the Indian market.'
'I had digested all the humiliation that Fadnavisji had heaped on me, but I had never seen somebody stooping so low to prove one's dominance in any political party.'
News of all that's transpired on and off the football field.
The erstwhile Bahujan Samaj Party government's decision to transfer over 500 acres of land to the Noida Authority in 2009 has resulted in a whopping Rs 2,600 crore loss to the state exchequer, the Comptroller General of India has pointed out.
'We are hoping by March, the government allows us to export and give it to the private market.'
Stock crashes 6.5%; top 5 firms lose Rs 33,883 crore in market cap
"If we are not getting anything then I think it is end of story for Vodafone Idea," Kumar Mangalam Birla said at the HT Leadership Summit when asked about the future of Vodafone Idea in absence of a government relief on payment of Rs 53,038 crore dues.
After the Opposition, now Punjab Congress chief Sunil Jakhar and two MLAs of the party have questioned their government's decision of giving jobs to sons of two legislators and urged Chief Minister Amarinder Sigh to roll back the 'ill-advised' move.
In India, it is not easy to fight it out with the large banks which are nimble-footed and technology-savvy and are continuously innovating on the retail turf with newer products for customer acquisition.
The oil-to-telecom conglomerate reported an 8.8 per cent rise in its consolidated net profit to Rs 10,251 crore, or Rs 17.3 per share, in the third quarter ended December 31, 2018.
