GST fails its biggest promise – formalisation of economy

GST fails its biggest promise – formalisation of economy The report, however, noted that over the long-term, GST will lead to more formalisation of the economyA year into implementation, goods and services tax (GST) has not delivered on the promised formalisation of the economy as yet, while the glitches in the one-nation-one-tax regime has increased […]

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PM pitches for double-digit GDP growth, raising India’s share in world trade

PM pitches for double-digit GDP growth, raising India’s share in world trade Prime Minister Narendra Modi today called for targeting double-digit GDP growth for breaking into the USD 5 trillion economy club and said India’s share in world trade has to more than double to 3.4 per cent. Speaking after laying the foundation stone of […]

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After near three-year probe, Sebi action in NSE colo case in a ‘few days’

After near three-year probe, Sebi action in NSE colo case in a ‘few days’ The exchange, its officials, brokers could face enforcement action The Securities and Exchange Board of India (Sebi) will soon initiate enforcement action against country’s largest stock exchange the National Stock Exchange (NSE) and various other entities involved in an infamous co-location […]

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NSE to introduce corporate governance code stricter than existing laws

NSE to introduce corporate governance code stricter than existing laws The exchange is in the process of creating incentives for listed corporates that adhere to these norms, which will be voluntary The National Stock Exchange (NSE) is in the process of introducing a corporate governance code that will be stricter than the existing laws and […]

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Feb 12 circular gives space for NPA resolution, RBI tells Finance ministry

Feb 12 circular gives space for NPA resolution, RBI tells Finance ministry The RBI made its stand clear at a stakeholders’ meeting, called by the ministry to discuss the circular, the implementation of which was stayed for the power sector by Allahabad High Court. The Reserve Bank on Thursday indicated to the finance ministry that […]

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IBC process to push consolidation in steel industry, says EY

IBC process to push consolidation in steel industry, says EY The Insolvency and Bankruptcy Code (IBC) will accelerate consolidation in steel industry and help many global players who have been struggling to enter India, EY said on Thursday. Many of the cases referred to the National Company Law Tribunal (NCLT), under the IBC process, are […]

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India slaps tariffs on 29 US items; new rates to kick in from August 4

India slaps tariffs on 29 US items; new rates to kick in from August 4 The latest list of tariff hikes has 18 iron and steel items, a potent political reply against Trump’s tariff hikes in the sector. After a week of speculations, India on Thursday finally imposed higher tariff rates on 29 import items […]

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Anti-profiteering body questions FMCG, pharma firms on GST prices

Anti-profiteering body questions FMCG, pharma firms on GST prices The National Anti-profiteering Authority (NAA) is questioning tax heads and CFOs of about 150 consumer goods and pharma companies to find out if their stocks with the distributors and stockists on June 30, 2017 were sold at reduced rates after GST rollout. What happened to the […]

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Govt amends norms for full fledged internet telephony by telecom operators

Govt amends norms for full fledged internet telephony by telecom operators The new amendment allows only authorised licenced holder to provide full fledged internet telephony and not over-the-top players like WhatsApp, Google Duo The government has amended norms to allow full fledged internet telephony by telecom operators which will enable calls from app to app […]

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