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Govt likely to unveil Rs 2,600 crore incentive package for leather industry

Govt likely to unveil Rs 2,600 crore incentive package for leather industry

With a view to boost manufacturing, exports and job creation in India, the government is likely to unveil Rs 2,600 crore incentive package for the labour intensive leather and footwear sector. The expenditure......

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Coal cess to contribute to GST Compensation Fund: Piyush Goyal

Coal cess to contribute to GST Compensation Fund: Piyush Goyal

Power and Coal Minister Piyush Goyal has said the coal cess will contribute to the Goods and Services Tax (GST) compensation fund meant to compensate states for five years for loss of revenue from implementation......

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GST a win-win situation for all, will expand tax net: Finance Minister

GST a win-win situation for all, will expand tax net: Finance Minister

Describing newly implemented Goods and Services Tax (GST) as a win-win situation for all, the Finance Minister Arun Jaitley has said that it will expand the tax net, end 'inspector raj' and bring down......

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Government rules out GST exemption for the textiles sector

Government rules out GST exemption for the textiles sector

Ruling out demand of textile traders to exempt fabrics under the new indirect tax regime, the government has said that a zero percent GST on fabrics will make imported items cheaper and disrupt the existing......

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GST council increases cess applied on cigarettes by as much as 31%

GST council increases cess applied on cigarettes by as much as 31%

In view of the reduction in tax on the demerit good under the new indirect tax regime, the Goods and Services Tax (GST) Council, at its 19th meeting headed by Finance Minister Arun Jaitley, decided to......

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Commerce ministry to set up 4 additional centres for global trade, investment issues

Commerce ministry to set up 4 additional centres for global trade, investment issues

The Department of Commerce under the commerce and industry ministry is setting up four new additional centres to develop expertise for handling contemporary and future requirements like international trade......

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Inflation outlook to remain muted till festival season: ASSOCHAM

With India set to reap a record foodgrains production and the industry not enjoying any pricing power, the industry body, Associated Chambers of Commerce & Industry of India (ASSOCHAM) in its latest......

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Communications Ministry to consult finance minister in case of genuine problems

On concern raised by the telecom operators on higher GST rates, the Telecom Minister Manoj Sinha has said that Communications Ministry will “analyse” the impact of Goods and Services Tax (GST) on telecom......

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GST will severely dent the liquidity of the exporter and increase the compliance cost: FIEO

The Federation of Indian Export Organisations (FIEO) has raised concern over implication of the Goods and Services Tax (GST), and said that it will severely dent the liquidity situation of traders and......

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Govt mulling PSBs consolidation to create 3-4 global-sized banks

The government is actively working towards consolidation of public sector banks (PSBs) with a view to create 3-4 global-sized banks and reduce the number of state-owned lenders to about 12. In the medium......

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RBI to take up bad loans worth Rs 8 lakh crore for resolution by March 2019: Assocham

The industry body, Associated Chambers of Commerce and Industry of India (Assocham) in its latest report has said that the Banking Regulation (Amendment) Ordinance has empowered the Reserve Bank of India......

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India's exports up 4.39%, trade deficit widens to $12.95 billion in June

Extending further the growth momentum since September 2016, India's exports grew by 4.39% for the tenth straight month to $23.56 billion in June, 2017, on the back of improvement in shipments of chemicals,......

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India will remain the fastest growing G20 economy: OECD

Hailing the several initiatives taken by the new government, the latest edition of the OECD's economic outlook report on India has said that economic growth is projected to remain strong and India will......

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June WPI inflation at 0.90%, lowest level since July 2016

Coming in line with the decline in retail inflation, India's annual rate of inflation based on wholesale prices too eased in the month of June to record low level since July 2016, on account of easing......

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Growth of coal consumption in India may remain tepid: India Ratings

India Ratings (Ind-Ra) has said that growth of coal consumption in India may remain tepid as plant load factor of thermal power plants (PLF) is likely to drop in the current fiscal. It has estimated that......

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