Govt reluctant to extend GST aid to states beyond June 2022
GST compensation transferred to states during FY21 (amounting to over Rs 2 lakh crore) through the cess and the back-to-back loan routes was over 9%...
GST Council LIVE: FM chairs 45th GST Council meeting; might discuss bringing petrol, diesel under GST regime
The meeting will be the first in-person meeting between the Union Finance Minister and State Finance Ministers in two years. GST Council Meeting LIVE: Finance...
High Interest: Rs 6,000-crore investments for white goods PLI
As many as 31 companies have committed investments of about Rs 4,995 crore for AC parts, while 21 have pledged to invest Rs 871 crore...
RBI to remain in liquidity absorption mode: Deputy governor Michael Debabrata Patra
The deputy governor observed that the essence of flexible inflation targeting is to protect growth by minimising the sacrifice of output, which is the ‘price’...
Nirmala Sitharaman LIVE: Finance Minister speaks at 5 PM today; Bad Bank announcement likely
The Finance Minister had earlier this year announced the setting up of a bad bank in her Union Budget 2021-22 speech. (Image: PTI)FM Nirmala Sitharaman...
GST on food aggregators aimed at improving compliance in sector
In this case, restaurants will bill to food delivery apps and collect GST while apps will charge GST on customers.The GST Council fitment committee’s recommendation...
MGNREGA: 100 days of work? Barely a quarter
The government says an average of 51.52 days of work was provided under the scheme in 2020-21, 48.4 days in 2019-20 and 50.88 days in...
India, UK eye interim trade agreement by March 2022
The bilateral trade talks moved at a faster pace after Prime Minister Narendra Modi declared on May 4 the launch of enhanced trade partnership between...
Exports surge 46% in Aug, smart import rebound too
Similarly, core imports (excluding petroleum and gold) rose 37.3% y-o-y and 4.3% from the pre-Covid level.Merchandise exports shot up 45.8% in August to $33.3 billion...
Council to discuss bringing petrol and diesel under GST
These loans are to be repaid via cess proceeds. The cesses on demerit goods are being used for compensating states for revenue shortfall against the...