Economy

GST: Manufacturers assured Taxes on manufactured goods will be brought down under the Goods and Services Tax (GST) from as high as 30% at present taxation regime, Finance Minister Arun Jaitley has assured manufacturer. He said the bill had enough...

GST: Frequently Asked Questions Source: India Inc. The Ministry of Finance has listed out frequently asked questions on Goods and Services Tax (GST) on Aug 3, 2016. To read it full, please click on the dropbox link - https://www.dropbox.com/s/kzx7e4m8hnz7aln/GST-FAQ.pdf?dl=0. Following are the answers to the various frequently asked questions relating to GST:...

GST: A long road ahead, #DBS Seen as a barometer of India's reform process, the bill on Goods and Services Tax related constitutional amendments received unanimous support from the upper house of parliament on August 3, 2016. This indirect tax...

#GST: Next Steps The Indian parliament passed the GST bill on August 3, 2016. The government has issued a roadmap to implementing GST, which was passed by parliament on August 3, 2016. THE ROADMAP TO Goods and Services Tax: •...

Pressured banks Banks in India and China will continue to face pressures on their asset quality, profitability, and capitalization over the next 12-24 months, says a report by S&P Global Ratings on August 2, 2016. The report "Economic Woes Cast...

Corporate India leads Source: IndiaInc. India's top companies are set to outperform their Chinese peers despite the country's infrastructure bottlenecks, according to reports published by S&P Global Ratings. The reports published today are “India's Top Companies Set To Gain Even...

Bullish DBS Piyush Gupta: 70 branches if India approves a license for subsidiary. The Development Bank of Singapore (DBS) is bullish on India and plans to open 70 branches if it gets license to set up a subsidiary in the...

Coal target set   Coal India Ltd (CIL) has set a target to produce 598.61 million tonnes coal in 2016-17, up 11.1 per cent from 538.75 million tonnes produced in 2015-16. Announcing the production target in parliament on July 25,...

New Act for e-pharmacy The Government is working towards drafting a new Drugs & Cosmetics Act, 2016 to meet the current regulatory requirements related to safety, efficacy and quality of drugs, said Dr. S. Eswara Reddy, Joint Drugs Controller, Central Drugs...

FICCI calls for FTAs Didar Singh The Federation of Indian Chambers of Commerce and Industry (FICCI) has called for a restart of the Free Trade Agreement between India and the European Union as well as the United Kingdom, saying the...