DoT to take up Rs 36,000 crore ITC refund with finance ministry
As proposed by Committee of Secretaries, GST Council to take final call. Input tax credit worth some Rs 18,000 crore for Reliance Jio, about Rs 10,000 crore for Bharti Airtel and roughly Rs 8,000 crore for Vodafone Idea are currently stuck with the finance ministry.
DPIIT received some complaints of e-commerce firms offering deep discounts: Piyush Goyal
"Some representations have been received in this dep...
Govt eases input tax refunds for exporters
Delay in the issuance of refunds has been a sore point for exporters since the switchover to goods...
NHAI is now giving FASTags free of cost to encourage switch to e-tolling
The road transport and highways ministry had earlier this year announced December 1 as the deadline to switch all toll lanes across national highways in the country to electronic toll collection (ETC). “NHAI has set up point of sale (PoS) on several toll plazas across the country, and they are giving out FASTags free of cost,” Nitin Gadkari said.
Karnataka Govt plans ePlatform to trade TDRs like equity
The TDR scheme was introduced by the state government in 2006, but failed to take off.
IEPFA launches investor helpline
Corporate affairs secretary Injeti Srinivas said that the helpline was set up was a major step to address the concerns of various claimants, according to a government release. The helpline was an initiative by the IEPFA with the help of Common Services Centre (CSC) e-Gov SPV under the IT and electronics ministry.
Should mutual fund investors worry about rising valuations?
Some advisors and investors have started focusing on the P/E ratio of mutual funds to assess their attractiveness. However, the concept of P/E ratio works differently in mutual funds and stocks.
Pakistan’s double speak on Afghanistan: US State Dept
The report took note of India’s long stand on terrorist groups like LeT and JeM, which are located in Pakistan, and often conduct terrorist attacks on India. The report claimed that the Pak govt failed to limit these terrorist groups from raising money, recruiting, and training in Pakistan but also allowed their candidates overtly to contest the July 2018 general elections.
E-bus suppliers quote high prices for tenders under FAME II scheme
Owing to payment security risks in states with weaker transport departments and tough bidding conditions, Electric bus suppliers in variosu states are quoting higher prices in tenders. The lowest quote received by Dehradun Smart City Ltd for 12-metre buses in the recent tender is Rs 90.90 per km and Rs 73.80 per km for a 9-metre bus.
Vodafone Idea presses for Rs 7,000 cr tax refund; I-T dept hesitant in view of fresh liability
The I-T dept is caught in a bind as Voda Idea has to pay Rs 44,150 crore to govt in past statutory dues.
Jamaat-e-Islami promotes terrorism & radicalism in South Asia: US lawmaker
Congressman Jim Banks stressed that there is a lack of awareness and action by the US against the activities of the JeI. It may be pointed out that JeI leaders in Bangladesh were opposed to independence movement in 1971 and were part of Pakistan Army’s crackdown against innocent civilians in erstwhile East Pakistan.
Bugatti plans E-car for less than 1M euros
The potential second model line would be an electric-powered grand tourer or crossover that could seat up to four people and would cost between 500,000 and 1 million euros.
Forever optimistic that things will improve but it could be wishful thinking also: Dilip Piramal, VIP Industries
We cannot be too aggressive in marketing expenditure as profits go down if volumes do not rise.
SC should have given 5 acres for temple elsewhere, says Jamiat Chief
The Supreme Court should have given the five acres of alternate land to the Hindu side to build a temple elsewhere and the verdict is completely opposite to what the evidence pointed to, Jamiat-e-Ulama-e-Hind president Syed Arshad Madani has told ET.
Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service