“Manufacturing could be a bigger deal in India. If you are talking about the rest of the world then it is quite foolish to imagine
Day: July 8, 2017
GST Council: Traders dig out loopholes to pay less, avoid tax – The Economic Times–08.07.2017
A Chennai shopkeeper has begun to split the bill for a pair of shoes, selling each separately. A garment dealer is selling the quintessential dupatta
Gujarat HC frowns over directive asking banks to initiate bankruptcy proceedings, RBI on back foot–Economic Times–08.07.2017
The Reserve Bank of India agreed to amend its June 13 press release after the Gujarat High Court expressed surprise at the document’s wording,
Next cyber-attack could cost insurers $2.5 billion – The Economic Times–08.07.2017
Cybercrime insurers largely avoided costly claims from the recent attacks that hit businesses around the globe. The next global virus could change that. “It’s exceptionally
Market share is expected to see a shift away from unorganised players as GST provisions come into play – The Economic Times–08.07.2017
The goods and services tax regime may help organised players in consumer goods gain market share from their unorganised rivals, according to analysts, as the
Anti-profiteering sleuths visit retailers, wholesalers, malls–Economic Times–08.07.2017
The government has deputed top officials across cities and small towns as sleuths to identify businessmen, wholesalers and retailers violating the anti-profiteering rule that lies
How to make a claim on multiple health insurance policies–Economic Times–08.07.2017
A policyholder having multiple policies has the right to prefer claims from other policies for the amounts disallowed under the earlier chosen policy. Not many
Is GST India’s biggest economic reform?–Economic Times–08.07.2017
Some speculate that the goods and services tax (GST) has been India’s biggest piece of economic reform. Without doubt, it is a very major reform.
GST: Penalty, including jail, for manufacturers for not reprinting revised MRP on unsold goods–Economic Times–08.07.2017
Manufacturers will face penalty, including jail, for not printing revised price on unsold and new products under a new GST rule. The Centre on Friday
GST impact: Pile up of export goods weighs heavy on govt | Business Standard News–08.07.2017
The government is moving fast on combating growing cases of export consignments stuck nationwide, owing to operational difficulties post the implementation of the goods and
Loan waiver, GST rates to push tractor sales to all-time high in FY18 | Business Standard News–08.07.2017
With multiple tailwinds helping them, tractor makers Mahindra and Mahindra (M&M) and Escorts are set to post strong sales in FY18. Reduction in goods and
GST: Supply chain intermediaries not ready for transparency, accountability | Business Standard News–08.07.2017
With most of the goods transport associations not having their members registered under the Carriage by Road Act, 2007 and its rules under Carriage by
Don’t take coercive steps against farmers for loan recovery: SC to banks–Business Standard–08.07.2017
Financial institutions should not resort to coercive action for recovery of loans from farmers in case of crop failure and the government should intervene in
Strong pricing in western India drives gains for Ambuja Cements | Business Standard News–Business Standard–08.07.2017
Ambuja Cements recently announced it had secured limestone supplies in Maharashtra. The estimated limestone resource (reserves) stands at 42 million tonnes (mt), which Ambuja secured
GST impact on rates: There should be a single rate for everything, says Bibek Debroy–Financial Express–08.07.2017
Exemptions mean loss in revenue. In FY16, such concessions/incentives on excise duty had a revenue impact of Rs 2,24,940 crore. What is a good and
Cyber attacks leave firms scrambling for cover | Business Line–08.07.2017
One insurer sees 15% rise in enquiries by corporates for cyber insurance Given the recent spate of ransomware attacks around the globe, Indian companies are
GST benefits will emerge shortly, says Shaktikanta Das–Business Line–08.07.2017
The benefit of Goods and Services Tax (GST) will become apparent in a couple months as manufacturers and businessmen realise the advantage of input tax
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