After reducing tax rates on over 200 items in the last meeting, the goods and services tax (GST) Council is set to meet again on
Author: Anil R Tikotekar
Growth for job creation | Business Standard Column
Job creation is considered to be the most serious development challenge that India faces. It is a major source of contention in the political space.
States face revenue shortfall of ₹39,111 crore from GST: Mitra | Business Line–15.12.2017
Four months after the rollout of the Goods and Services Tax, States are facing a revenue shortfall of over ₹39,000 crore even as solutions are
NPA mess: Govt asks banks to reveal asset quality review impact | Business Line
The government has signalled that it will leave no stone unturned in cleaning up the banking system. It has now asked banks to disclose the
Will FRDI Bill mean a throwback to the tumultuous pre-1960s? | Business Line–15.12.2017
Between 1913 and 1960, 1,600 private banks closed down operations and depositors lost all their money The Finance Ministry sought to allay apprehensions of savers/depositors
Revival risks: On economy woes – The Hindu–15.12.2017
The Centre’s bid to dispel the pall of gloom over the economy has been helped in recent weeks by a sovereign rating upgrade from a
Cheque bounce cases: Cabinet clears amendment to law for payment of interim compensation – The Financial Express–16.12.2017
The Cabinet today approved an amendment to a current law to allow for payment of an interim compensation in cheque dishonour cases with a view not to
Government to replace GST ordinance with bill – The Financial Express
The GST Council in its 20th meeting held in August had recommended an increase of 10 per cent to 25 per cent in the maximum
GST Council to meet tomorrow; discuss roll out of e-way bill – The Financial Express–16.12.2017
The all-powerful GST Council will meet tomorrow to discuss early implementation of e-way bill as well as ways to plug tax evasion. Headed by Finance
Stressed assets cases: Do not allow promoters to bid in NCLT; why did they not pay up if they could? – The Financial Express
Media reports suggest the government may remove the blanket ban on corporate guarantors of failed businesses bidding for stressed assets during the resolution process; the
Foreign Trade Policy: More than sops, promote exports as growth engine – The Financial Express
The recent mid-term review of foreign trade policy (FTP) promises to scale up exports, as the government believes exports are the engine of growth, and
Exports jump 30% to $26 bn in November; trade deficit at $13.8 bn | Business Standard News–16.12.2017
India’s exports rose 30.55% to $26.19 billion in November, reversing the decline witnessed in October, helped by robust growth in shipments of gems and jewellery
Govt ignored warnings from private companies over GST rollout: Sources | Business Standard News–16.12.2017
The Indian government ignored several warnings from private companies that the complex technology required for a nationwide goods and services tax (GST) to work smoothly
No MDR charges on debit card payments up to Rs 2000, govt to reimburse banks | business-news | Hindustan Times–16.12.2017
The merchant discount rate (MDR) charges on transactions up to Rs 2,000 made through debit cards, BHIM UPI or Aadhaar-enabled payment systems will be borne
Credit Rating: Forget credit rating, your social media posts may decide whether you will get a loan or not – The Economic Times–13.12.2017
The credit information bureaus are operating with specified legal framework and have well-defined work. Loan officers at Kotak Mahindra Bank are spending more time in
Unitech wants Supreme Court to stay NCLT order immediately – The Economic Times–13.12.2017
Unitech on Tuesday urged the Supreme Court to immediately stay the National Company Law Tribunal’s (NCLT) order directing the government to takeover the builder’s management.
MRP: Govt may allow pre-GST stocks to have revised MRP stickers till March – The Economic Times–13.12.2017
The government is expected to allow use of stickers to display revised maximum retail price (MRP) on unsold pre-GST stocks for three months until March
Bank union threatens strike if FRDI Bill not amended – The Economic Times–13.12.2017
All India Bank Employees Association (AIBEA) has threatened to go on strike if FRDI Bill is not amended to safeguard interest of depositors even as
thirdwatch: Catch me if you can: For ecommerce fraudsters it may be the end of the game – The Economic Times
Despite having multiple checks and balances in place, etailers continue to regularly fall prey to the machinations of fraudsters. Name of the Company: ThirdWatch Name
Errant taxpayers may face audit – The Financial Express–13.12.2017
The taxpayers can revise their credit claims till December 27 in the same form, the government said. The government on Wednesday warned that the taxpayers