Earlier dates for submitting bids was May 2 and inquires was April 4. The department added that any further changes to dates will be communicated to interested bidders. The government has set $10 billion minimum net worth as one of the eligibility criteria for bidders, while explicitly excluding public sector units having 51% government ownership from the bidding process.
Collection of direct tax for the just-concluded fiscal 2020 is expected at Rs 10.1 lakh crore, well short of the government’s most recent estimate of Rs 11.7 lakh crore, officials in the know said.
Extension of several time limits related to direct and indirect tax filings have been extended to June 30, so has the date for passing of order or issuance of notice by tax authorities under various direct taxes and Benami Law.
The finance ministry also clarified that there is no change in the financial year. "There is no extension of the Financial Year," said a finance ministry statement, clarifying that the notification issued by the department of revenue pertained to amendments in the Indian Stamp Act.
Mobile phones will be charged 18% GST from April 1, compared to 12% earlier, while all kinds of matchsticks will be charged a 12% GST versus a range of 5% to 18%. Maintenance and repair operations (MRO) services required for aircraft will be charged 5% GST, lower from the earlier rate of 18%, with full input tax credit.
Department of investment and public asset management (DIPAM) completed strategic disinvestment of GOI stake of 66.67% in Kamarajar Port Ltd .
The government sold its 74.49% stake in THDC India Ltd for Rs 7,500 crore.
IRPs appointed under the Insolvency and Bankruptcy Code (IBC) have approached the finance ministry, seeking clarity on several aspects regarding the Central Board of Indirect Taxes and Customs (CBIC) notification issued on Saturday and a follow-up circular on Monday, people familiar with the development said.
Under the PM Garib Kalyan Ann Yojana, 80 crore poor people, covering about two-thirds of the country’s population, will get 5 kg rice or wheat each month for the next three months free of charge, in addition to the 5 kg they already get. Each household will get 1 kg of dal of their choice, for next three months, also free of charge.
Asia Pacific region not even moving in the right direction, UN body on Sustainable Development Goals
The real GDP per capita growth in the Asia-Pacific was more than double the world average in 2017, and at the same time, at least 18 countries in the region are experiencing less income inequality, the study noted. ESCAP warned that the region was unlikely to meet any of the 17 SDGs by 2030 without concerted and extra efforts from all stakeholders.
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