Punjab has sought a comprehensive review of all exemptions under the goods and services tax (GST) while revising the threshold for such exclusions, signalling a possible
Category: News of interest
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hospitals in india: Healthcare sector may see further consolidation in 2019 – The Economic Times
Healthcare sector may see further consolidation in 2019 with tightening of regulatory environment set to make it difficult for small players to stay afloat in a
Exporters raise concern over China’s hike in VAT refund – The Economic Times
Exporters of steel, wooden items and machinery products have raised concern over China increasing the refund on value-added tax (VAT) on these products without raising the actual tax. Beijing has
Govt forms committee for ‘effective’ implementation of real estate law RERA – The Economic Times
The government has constituted a committee to suggest recommendations to strengthen the real estate law RERA and to remove difficulties in its implementation, an official said on
IBC, tortoise that will beat the hare–Economic Times
It has been over two years since India adopted the Insolvency and Bankruptcy Code (IBC) to swiftly resolve corporate distress and clean up bad loans
PCA framework helped reduce contagion losses: RBI report – The Economic Times
The findings were based on a contagion analysis to assess whether the PCA framework has helped in reducing the systemic footprint of PCA banks. The
reserve bank of india: Bank GNPAs improved to 10.8 pc; net NPAs to 5.3 pc in September: RBI – The Economic Times
The asset quality of banks showed improvement with gross non performing assets‘ (GNPAs) ratio declining to 10.8 per cent in September 2018 from 11.5 per cent in March
Why is the Fed still raising interest rates? | Business Standard Column
Earlier this month, the US Federal Reserve’s policy-setting Federal Open Market Committee (FOMC) voted unanimously to increase the short-term interest rate by a quarter of a percentage point, taking
Entrepreneurship or salaried employment? | Business Standard Column
In “A Bitter-sweet Success”, Business Standard, December 25, 2018, we noted an increase in self-employed entrepreneurs over the past two-and-half years. This growth of self-employed
Some year-end cheer from GST Council | Business Standard Column
A Christmas gift from the Goods and Services Tax (GST) Council was a reduction in the rates on a number of items and simplifying of
A look at how vacancies in judiciary hamper ease of doing business | Business Standard Column
The judicial pyramid has about a hundred courts and tribunals below the Supreme Court where economic and financial issues are adjudicated. In view of increased business, commercial courts have
Fixing input tax credit: Get ready for new GST return filing system in 2019 | Business Standard Column
One of the fundamental principles of goods and services tax (GST) was the concept of ‘self-policing’, wherein the matching concept for claiming input tax credit was introduced. The matching
No plan to repeal The Chartered Accountants Act, say officials | Business Standard News
The central government has no plan to repeal The Chartered Accountants Act, said senior officials at the ministry of corporate affairs. This comes against the backdrop of
₹75-lakh threshold could help over 60 lakh MSMEs escape GST net – The Hindu BusinessLine
May cost exchequer 5,500 cr, but will boost small units by cutting compliance cost Over 60 lakh assessees may come out from the Goods and
Are global oil prices the culprit for burgeoning trade deficit? – The Hindu BusinessLine
The oil import bill is just one of the factors responsible for the rising trade deficit. Non-oil imports cannot be overlooked India’s external account has
Insolvency and Bankruptcy Code has a long way to go – The Hindu BusinessLine
Despite several flaws in the three-year-old bankruptcy code, the Government remains unperturbed It has been an eventful year for the ever-evolving Insolvency and Bankruptcy Code,
India Can Now Hope To Be In Top 50 Jaitley On Ease Of Doing Biz Ranking – BW Businessworld
Enthused by 23 notches jump in the World Bank Ease of Doing Business, Finance Minister Arun Jaitley exuded confidence that India can now hope to achieve the
Jet Airways in talks with SBI for Rs 1,500 crore loan – The Economic Times
Loss-making carrier Jet AirwaysNSE 2.24 % is in discussions with the State Bank of IndiaNSE 0.91 % for raising Rs 1,500 crore short-term loan to meet its working capital
US shutdown: Prolonged US shutdown threatens to unsettle economy – The Economic Times
The paralysis triggered by the US government shutdown could have unexpected consequences, such as muddying economic statistics just as the markets are extremely reactive to any whiff
Clash of the titans: The battle for India’s giant retail market – The Economic Times
by Haresh Chawla Immovable objects. Unstoppable forces. That’s the metaphor that comes to mind when one thinks of the next phase of India’s ecommerce market.
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