Date : Aug 04, 2016 RBI Governor launches Website ‘सचेत‘ to curb Illegal Collection of Deposits “Initiating quick follow up and taking cases to logical conclusion by punishing the guilty is paramount to deter entities in future from carrying out unlawful activity. I hope ‘Sachet’ would help regulators in doing this as much as it… Read More »
Schemes for Promotion of FPIs For promotion and development of food processing sector in the country, the Ministry of Food Processing Industries is implementing a number of Central Sector Schemes, namely (1) Scheme for Mega food Parks; (2) Scheme for Modern Abattoirs; (3) Scheme for Integrated Cold Chain and Value Addition Infrastructure; (4) Scheme for… Read More »
Poor saving habit A survey by HSBC (Hong Kong and Shanghai Banking Corporation Limited) named ‘Generations and Journeys’ observed that “a large number (47 per cent) of working age people in India have either not started saving for their retirement or have stopped or faced difficulties while saving for their future.” The report also observed… Read More »
Defence University bill goes online The idea of a National Defence University was first conceived in 1967. It was later recommended by Kargil Review Committee and Group of Ministers in 2000. Land for setting up of the Defence University was acquired at Manesar in Dist Gurgaon in September 2012. Part infrastructure development has commenced on… Read More »
Lok Sabha to consider the Constitutional Amendment bill relating to GST next week Constitutional Amendment bill passed with huge consensus in Rajya Sabha Rajya Sabha passed 5 Bills and Lok Sabha2 bills during the week The passing of the Constitution (One Hundred and Twenty Second Amendment) Bill, 2014 relating to Goods & Services Tax (GST)… Read More »
Goods and Services Tax Council ( As per Proposed ARTICLE 279A of Constitution) Time for Constitution of Goods and Services Tax Council The President shall, within sixty days from the date of commencement of the Constitution (One Hundred and First Amendment) Act, 2016, by order, constitute a Council to be called the Goods and Services Tax… Read More »
Theoretically GST can be introduced by October: Arun Jaitley, Finance Minister In an exclusive chat with Supriya Shrinate of ET Now, Finance Minister Arun Jaitley says so far the empowered committee has exhibited good leadership, it has functioned well and once it converts itself into a GST Council, things should become better. Edited excerpts Supriya… Read More »
GST to push up inflation in the short term While the finance ministry has sought to allay fears that the implementation of the goods and services tax (GST) will have an impact on inflation, analysts remain sceptical. “Implementation of the GST in the near term could bring some upturn in inflation,” said Morgan Stanley in… Read More »
Shield for Aam Aadmi in GST? The government could consider an anti-profiteering clause to ensure the benefits of the goods and services tax (GST) are passed on to consumers and prices don’t spike once the levy is rolled out, Finance Minister Arun Jaitley said. The matter will have to be discussed in the GST Council… Read More »
Proposed GST Rate at 18% to Boost Luxury Retail, Hospitality Sectors Hospitality and luxury industry experts have said implementation of GST (goods and services tax) will benefit the sectors by lowering costs for consumers and facilitating seamless movement of products across the country. The Rajya Sabha on Wednesday voted to approve a constitutional amendment that… Read More »