A major respite could be on the way for trade and industry trapped in the GST maze. A law panel tasked to suggest changes in the GST law to make it simpler could recommend complete overhaul of rules to ease compliance burden.
Plan and Policy
Plan & Policy
Farmers in Punjab want government to cut the stubble and take away the residues as it is not economically viable and they want to give it for free.
“Why shall we burn the residues if we can sell it in market, this is the basic question someone should ask before blaming farmers for the pollution,” said an angry Baldev Singh, 50, a farmer from Sangrur district in Punjab.
Singh was in the capital for the two-day farmers’ rally organised by All-India Kisan Sangharsh Coordination Committee (AIKSCC).
Seeking minimum support price at 50 per cent over cost of production for their crops and a loan waiver scheme, thousands of farmers from across the country walked down 3.5 km from historic Ramlila Maidan in Delhi and now pledged to take their fight to Parliament if the government does not accept the two demands.
The Congress today alleged that the government was "avoiding" the Winter Session of Parliament in view of the Gujarat assembly elections and to evade discussion on issues the opposition want to raise like scams of ministers, Rafale deal, GST and note ban.
The opposition party alleged the Modi government is working under its model of "bypass, bulldoze and betray", which is an "attack on democracy".
FMCG companies, including ITC, Dabur, HUL and Marico, today said they have cut prices of various products to pass on the benefits of GST rate reduction to end-consumers.
Implementation of the goods and services tax (GST) and the last year’s note-ban have not only created liquidity issues for the real estate sector but also impacted investment and development prospects of the cities, thereby pulling down their rankings, a report has said.
As per a survey conducted jointly by the Urban Land Institute and consultancy PwC, the initial effects of demonetisation and GST reforms reflected in the investment and development prospects of the country’s cities, which have moved out from the premier positions of last year.
India Uniper Power Services (IUPS), the 50:50 joint venture between India Power Corporation (IPCL), a Kanoria Foundation entity, and Uniper of Germany, is betting big on prospects of technology intervention and data analytics in thermal power sector in the country.
Indian bond yields fell sharply on Monday after the Reserve Bank of India (RBI) announced scrapping its plans of selling bonds worth Rs 10,000 crore via open market operations (OMO) following Moody’s rating upgrade on India. In addition, supply pressures eased as the central bank trimmed the state bond loans sale, boosting sentiments.
The yield on the benchmark 6.79 per cent bond due in 2027 dropped 16 basis points to 6.89 per cent on Monday, the biggest fall in a year. It had climbed to 7.10 per cent on November 16, the highest since September 2016.
China has strongly objected to President Ram Nath Kovind’s visit to Arunachal Pradesh, saying India should refrain from “complicating” the border dispute when bilateral relations are at a “crucial moment”.
President Kovind visited Arunachal Pradesh on Sunday. For India, this is the state is where the sun first rises each day, and from here light is spread across the country, Kovind said inaugurating the new state assembly building. He also remarked on several steps taken by the federal government to advance the state’s transport links.
Sonia Gandhi and Arun Jaitley on Monday clashed over the delay in convening the Winter session of Parliament with the Congress chief accusing the Modi government of sabotaging it on “flimsy grounds”