Delhi Chief Minister has given a perverse twist to the debate on freebies, says FM
The GST Council is likely to meet towards the end of this month or early September and discuss the report of the Group of Ministers (GoM), the sources added.
Dependence on cess and surcharge must come down
Among other things, making the direct tax regime less confusing and bringing in expenditure reform are crucial challenges for the central government
The banks' lobby group has been asked to assist with the preparation of the viability plan for RRBs
RBI asked banks to put in place additional arrangements for export and import transactions in Indian rupees in view of increasing interest of the global trading community in the domestic currency.
The Central Board of Indirect Taxes and Customs (CBIC) has clarified that the Goods and Services Tax (GST) is not levied on inns run by religious or charitable trusts.
Extending compensation is a topic that has remained a sticking point in India's federal structure, with not only opposition states but also BJP-governed states speaking about it
Govt spells out two-pronged strategy to improve numbers; but industry warns of low interest in India
Privatisation of state-owned firm held up after money laundering case against top bidder
There is no love lost between the Centre and the states, particularly those ruled by the Opposition parties on various issues
Financial market dominance over central banks is a huge problem and challenge, former RBI deputy governor Viral Acharya says
Also, there is no GST on crematorium, funeral, burial, or mortuary services, the minister said and explained the Goods and Service Tax has been levied on the construction of new crematoriums.
Sitharaman informed the Rajya Sabha that the RBI is continuously monitoring the local currency and intervening only if there is volatility.
In Rajya Sabha, Sitharaman said GST tax on food items such as rice, wheat flour and curd was agreed to by all states and that such a levy pre-existed on one or the other daily essentials in 22 states
She also said the government has contained prices of tomato, onion, and potato, while comparing rates with those prevailing in November 2013.
FM Sitharaman was replying to supplementaries during Question Hour
Most of the dubious apps are originating from one particular country and as a result a lot of borrowers are harassed and money is being extorted from by these apps, she said
The government is looking into cases of alleged tax evasion by three mobile companies of China and notices have been given to them, FM Nirmala Sitharaman informed Rajya Sabha
Zomato is on an internal rebranding exercise by moving to a multiple chief executive structure for its businesses that will be housed under a larger organisation called Eternal