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Streamlining GST or tax cut: What should the govt choose?

I-T cut would be ill-timed, given the huge shortfall in revenues after the steep cut in corporate tax .


Jan 23, 2020, 01.38 AM IST



CCI approves Amazon.com's investment in Future Coupons

The CCI has given nod to Amazon.com's proposal to acquire about 49 per cent share in Future Coupons.

CCI approves 37.4 pc stake-buy, joint control of Adani Gas by Total Group

"Total Group believes in the initiatives taken by the Government of...

You can build solutions on development platforms at TechGig competition

The fifth edition of coding competition, Geek Goddess 2019, will host...

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  • ED has alleged that Bhushan Power & Steel acquired assets worth Rs 27,559 crore during a period.

    The index formed a bearish candle on the daily chart, with an advance-decline ratio that was skewed in favour of the bears.

    A total of 2,236 entries were received for logo and 4,705 for motto or slogan from people of varied age group and from different parts of the country in response to the open competition.

    mjunction has bagged contracts for e-auction of telecom spectrum for the Department of Telecommunications, e-bidding of oil and gas blocks and more recently, contracts to deploy its e-procurement system at Ordnance Factory Board under the Ministry of Defence and also for all departments of the Government of Bihar – all through open bidding.

    While there are strong views against RCEP, there is equally a large number in favour of access to the largest market of the world. The one common point was that India’s issues and concerns needed a fair hearing by the other 15 RCEP member countries. Eventually, it boiled down to the fact that India’s issues remain unresolved.

    The recommendations made by the Competition Law Review Committee could make the CCI more effective.

    ​​The hotels have previously accused Oyo of contract breaches, arbitrary commission rate changes, stoppage of minimum guarantee amounts and threatening legal notices among other things. Oyo has denied this. FHRAI has also complained to the Competition Commission of India (CCI) against the company.

    The industry body drew parallels between the airlines and telecom sector where both have faced consolidation, price wars and are capital intensive sectors which have high taxes. The letter highlights the impact of AGR dues which if recovered, will impact viability of telcos and other players in the industry.

    It was alleged that GMR owing to its sole control over the Hyderabad airport premises has denied access to Air Works for providing the Line Maintenance Services with an intent to give advantage to GAT at the aerodrome.

    Zomato is currently delivering 1.3 mn orders a day from 150,000 restaurants across India at more than 10 orders per restaurant per day. Swiggy has expanded its services to 500 cities in India, matching rival Zomato's reach. Swiggy, which has added 60,000 new restaurants in the past six months, said in October it would expand to 600 cities by December 2019.

    In a combination notice, CCI said "Welspun Corp Ltd and Laptev entered into a business transfer agreement on 31 March 2019, wherein Welspun has agreed to sell, assign, transfer, convey and deliver, and Laptev has agreed to purchase and acquire the Target Business from Welspun as a going concern on a slump sale basis."

    According to CAIT Secretary General Praveen Khandelwal around 40,000 mobile shops are on the verge of closure by Diwali due to unethical practices of Amazon and Flipkart. A CAIT delegation also met CCI Chairman to apprise him of the situation.

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