State governments not keen to levy GST on exempted goods
“Goods on the exempted list are mass-consumption items. No state will agree to include them,” said the finance minister of a BJP-ruled state. West Bengal FM Amit Mitra also dismissed the GST Council secretariat’s suggestion for a review of the exempted items. The secretariat had shot off a letter to states seeking a revision of exempted items.
What changed for D-Street while you were sleeping
Oil prices edged lower as receding Middle East tensions took some heat out of the market.
Commerce Ministry looking at ways to revamp SEZ policy
It has also discussed ways for implementation of the remaining recommendations of Baba...
Personal Data Protection Bill: Exemptions for government agencies worry experts
The new Bill was cleared by the Union Cabinet last week and shared with Members of Parliament on Tuesday. It is expected to be tabled in the Lok Sabha on Wednesday. The government could exempt its agencies from the law governing processing of personal data, citing national security. The Bill adds that certain provisions will not apply to the govt.
Include national plastic recycling fund, R&D support for zero carbon tech in upcoming Budget: TERI
In a meeting held with Union Finance Minister Nirmala Sitharaman recently, Ajay Mathur, Director General (DG) of The Energy and Resources Institute (TERI), recommended that resource efficiency, waste management and decarbonisation of the economy need to be the key drivers of India's green strategy.
Highways ministry urges RBI to exempt FASTags from KYC norm
Currently, vehicle owners need to give details of the vehicle, including its registration proof, and also relevant documents for individual identity and address to acquire FASTags.
Commerce ministry holds meeting with SEZ players to discuss issues
One of the members of this committee, Srikanth Badiga, said issues related to further improving ease of doing business for these zones were also discussed. The industry demand to extend the direct tax incentives to SEZ units beyond March 31 also figured in the meeting.
Don't impose GST on goods currently exempted from it: Amit Mitra to Sitharaman ahead of Council meet
“Exempted list of items had been arrived at after lengthy deliberations spread over a number of GST Council meetings between the union FM and state FMs,” Amit Mitra said adding that the basic principle behind exempting them was that these were consumed predominantly by poor and underprivileged. Mitra’s letter came ahead of the crucial Council meeting on Wednesday.
Disproportionate asset case: Jagan appears before CBI court for trial
Amid heavy security by Hyderabad police at the CBI court, media persons were restricted to the main gain of the court. People aware of the matter told ET that during nearly two hours of in-camera proceedings in the CBI court, Reddy urged the court to club all the 11 chargesheets CBI filed against him for the trial.
View: The upcoming Budget and other moves will bring the economy back on track
It is time for commentators on the economy to offer their wish lists of reforms to the finance minister.
Startup India tableau in Republic Day Parade
There are 19 components under the Startup India action plan spanning across areas such as simplification and hand holding, funding support and incentives, and industry-academia partnership and incubation.
Violation of drug price control order: Drug cos under NPPA lens for self-exemption from price cap
Pricing watchdog has found that companies such as Lupin and Boehringer Ingelheim launched products bypassing the regulatory framework. The NPPA noted that these drug cos had launched anti-diabetes drugs under para 32 of the DPCO, without submitting the requisite application. This allows the NPPA to exempt certain classes of drugs from price control for a period of five years.
View: Charitable trusts must not exert corporate control
A charitable trust cannot invest money in shares. But that privilege continues for the Tatas and Birlas.
'Mukkabaaz' over Anurag Kashyap movie
The BJP has slammed filmmaker Anurag Kashyap for seeking grant for two of his movies from the Uttar Pradesh government but ET has found that it was the Yogi Adityanath government which approved the script of 'Mukkabaaz', making it eligible for a grant, and had earlier approved 'Saand Ki Aankh' for tax-free status.
Disclosure rules to curb insider trading spook top executives
Lawyers said many transactions are personal & executives are wary of sharing the details.
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