Page 32 - Latest Updates on Nirmala Sitharaman
Rupee relatively better placed than other global currencies against USD: FM
The rupee breached the psychologically significant level of 79 per dollar level for the first time ever on Wednesday and has also hit a series of new lows this month
 "Rupee relatively better placed than other global currencies against USD: FM")
Andhra, Gujarat 'top achievers' in govt survey on reforms for business
The latest fifth edition of the Business Reforms Action Plan (BRAP), 2020, by the industry department did not rank states on the ease of doing business measures undertaken by them
 "Andhra, Gujarat 'top achievers' in govt survey on reforms for business")
LIVE: PM Modi congratulates Shinde on being sworn in as Maharashtra CM
Modi says Shinde has rich political, legislative, administrative experience
 "LIVE: PM Modi congratulates Shinde on being sworn in as Maharashtra CM")
GST Council meet: The Goose Point Theorem for rate rationalisation
The real issue before taxation lies in identifying the Goose Point and the way goes through 'neutral goods'
Assessing & delivering bad news on economy no longer taboo in FinMin
Change in mindset has been brought on by Chief Economic Advisor V Anantha Nageswaran who has ensured that discussions on the economy are now much more data-driven and without bluster
 "Assessing & delivering bad news on economy no longer taboo in FinMin")
Small traders to gain in GST relief for e-commerce sellers, transport
For the transport sector, the council lowered GST to 5 per cent from 18 per cent on ropeways, renting of goods carriage, including fuel cost
 "Small traders to gain in GST relief for e-commerce sellers, transport")
GST council meeting takes no decision on extending compensation to states
New rates for some items, removal of exemptions with effect from July 18
 "GST council meeting takes no decision on extending compensation to states")
GST Council defers tax on casinos, lottery; GoM to re-deliberate by July 15
The GoM will have to submit report by July 15 and then the Council will meet either on August 1 or in the first week of August, says FM Sitharaman
 "GST Council defers tax on casinos, lottery; GoM to re-deliberate by July 15")
Next stage for GST
Rate rationalisation will be critical
 "Next stage for GST")
About a dozen states seek extension of GST compensation; no decision taken
With two years being lost in the pandemic, states have sought an extension of this compensation mechanism
Rate tweaks to make up for inefficiencies in value chain: FM Sitharaman
Stating that all states are aware of the potential impact of rate rationalisation on inflation, Sitharaman said any increase in tax rates will also make up for the tax burden.
 "Rate tweaks to make up for inefficiencies in value chain: FM Sitharaman")
Top headlines: GST on casinos deferred; marketing freedom to oil producers
Briefing reporters about deliberations at the two-day meeting of the GST Council, Finance Minister Nirmala Sitharaman said finance and other ministers of 16 states spoke on the compensation issue
 "Top headlines: GST on casinos deferred; marketing freedom to oil producers")
Tamil Nadu to host GST Council meeting in August, says FM Sitharaman
The next Goods and Services Tax (GST) Council meeting will be held in Tamil Nadu's Madurai in August, Union Finance Minister Nirmala Sitharaman said on Wednesday.
47th GST Council meet: Here's what became expensive after Tuesday meeting
The GST Council today is expected to take up extending compensation to the state
 "47th GST Council meet: Here's what became expensive after Tuesday meeting")
GST Council: Stormy discussion around states' compensation likely today
States will demand an extension of the compensation period or a change in the GST revenue distribution formula
GST Council tilts towards rate hikes, drops exemptions for many items
Okays removing the exemption on mass consumption items
GST Council clears proposal to remove tax exemptions on some items
The Council also cleared a host of compliance procedures for GST-registered businesses along with a GoM report on high-risk tax payers to check evasion
Amit Mitra asks Centre to take decisions at GST council by consensus
In a two-page letter to Sitharaman, the Principal Chief Adviser to Chief Minister Mamata Banerjee and the Finance Department, Dr Amit Mitra, cited a recent judgment of the Supreme Court in this regard
 "Amit Mitra asks Centre to take decisions at GST council by consensus")
Sensex, Nifty end flat after volatile session; metal, energy stocks shine
CLOSING BELL: M&M, Tech M, Dr Reddy's Labs, Reliance Industries, HCL Tech, and Tata Steel were the top gainers on the 30-pack index
 "Sensex, Nifty end flat after volatile session; metal, energy stocks shine")
GST Council meet: Easier e-comm supplier registration, tax tweaks on cards
The council will also clear levying the highest tax of 28 per cent on online games, casinos and horse racing, besides, discussing a report of a GoM on high-risk taxpayers under GST to curb evasion.
