The Centre is preparing a host of incentives, including relief in input credit to big traders similar to exporters and incorporation of more services under the GST composition scheme.
Plan and Policy
Plan & Policy
Supreme Court on Monday once again denied bail to Unitech promoter Sanjay Chandra, asking the real estate company to deposit Rs 1,000 crore out of the Rs 1,865 crore required to refund 4,776 homebuyers awaiting the money.
Cricket icon and Rajya Sabha member Sachin Tendulkar has sanctioned Rs 2 crore from his Members of Parliament Local Area Development Scheme (MPLADS) fund for revamp of rail foot overbridges in Mumbai in the backdrop of the Elphinstone Road station stampede. On September 29, 23 people were killed in the rush-hour stampede on a narrow foot overbridge (FOBs) linking Elphinstone Road and Parel suburban stations during heavy rain.
The government’s push for a change in the method of price calculation methodology for new drugs can lead to non-essential drugs coming under price control, a senior pharma industry body executive said.
The chemicals and fertilisers ministry in a statement issued last week had said that the department of pharmaceuticals (DoP) is considering a change in the method of approving prices of new drugs.
As many as 331 infrastructure projects, each worth Rs 150 crore or above, have seen a cost overrun of Rs 1.72 lakh crore because of various reasons including delays, according to a government report. The ministry of statistics and programme implementation monitors infrastructure projects worth Rs 150 and above.
The government will likely need to cut expenditure by Rs 1.1 trillion in the financial year ending March to meet the budgeted fiscal deficit target even after meeting the asset sale target for the first time in eight years.
The Rajasthan government on Monday tabled a controversial bill that seeks to protect public servants and judges from prosecution and bar the media from reporting on allegations against them without its prior sanction sparking a legal challenge and protests inside and outside the Assembly.
In a fresh move for peace in Jammu and Kashmir, the Centre on Monday announced a “sustained dialogue” process with all stakeholders in the Valley and appointed a former Intelligence Bureau director as its special representative.
An inter-ministerial panel headed by Finance Minister Arun Jaitley today finalised the launch date and quantum of issuance of 'Bharat 22' Exchange Traded Fund (ETF).
According to sources, Bharat-22 comprises of 22 scrips of Public Sector Units, banks and those entities in which the government holds a minority stake.
It is likely to be launched next month after the launch of IPO of New India Assurance, they said.
Exporters can soon start claiming refunds for GST paid in August and September as GSTN will this week launch an online application for processing of refund, its Chief Executive Officer Prakash Kumar said today.
GST Network (GSTN), the company handling IT infrastructure for the indirect tax regime, has from October 10 started issuing refunds to exporters for Integrated GST (IGST) they paid for the month of July, after matching GSTR-3B and GSTR-1.