GST

India's largest cookie-maker Parle may cut up to 10,000 jobs amid economic slowdown

A sharp drop in Parle's biscuit sales means the company may have to slash production, which may result in layoffs of 8,000-10,000 people.

Aug 21, 2019

cars, car sales, domestic car sales, gst on cars, auto industry, traffic

Auto industry may further cut production

The slowdown, which is a culmination of high GST tax rates, farm distress, stagnant wages and liquidity constraints, has led to the month-on-month sales de-growth.

Aug 4, 2019

Tata Nano at manufacturing plant in Gujarat

India's automobile industry to bleed 1 million jobs due to persistent slowdown

The job losses are happening in the major hubs, including Gurgaon-Manesar belt of Haryana, Pune, Jharkhand's Jamshedpur and some parts of Madhya Pradesh's Pithampur.

Jul 25, 2019

FACT CHECK: PM Modi beats Trump, Xi, Putin, becomes 'world's most powerful leader 2019' in UK magazine poll

The leading UK-based British Herald magazine described PM Modi as a key figure in the Asian region who has played an active role in implementing his "act east policies".

Jun 22, 2019

BJP 2.0 and markets: Investors with long-term view to reap great returns

After BJP's triumph in the Lok Sabha elections 2019, the market has given initial reaction to the political outcome and it may last for another couple of days.

May 27, 2019

GST rate cut: Real estate sector eyes massive demand spurt

Widening of 'affordable housing' category and rate reduction expected to give a push to Narendra Modi government's 'Housing for All 2022' programme.

Feb 25, 2019

2019 Lok Sabha election: Online survey shows Narendra Modi will return to power

Around 30 percent of those surveyed said that the popularity of Rahul Gandhi has increased.

Feb 21, 2019

Reversing declining trend, GST revenue Rs 1,02,503 cr in January

The January collection was also 14 per cent higher than last year's collection in the same month, the Finance Ministry said on Saturday.

Feb 2, 2019

tax collection data, indirect taxes, direct taxes, income tax, corporate tax, modi govt, budget 2017, arun jaitley

Massive tax benefits on the cards? Jaitley could double IT exemption limit to Rs 5 lakh

The BJP-led government might offer relief to tax payers considering that it has been able to widen the tax net in the years after demonetisation.

Jan 15, 2019

Director General Chandrajit Banerjee at a business meeting with CEOs of the Confederation of Indian Industry (CII)

India will see strong economic growth in 2019: CII

"The positive outlook is buttressed by strong drivers emanating from the services sector, infrastructure structure including construction equipment and better demand conditions arising out of election spending," CII said.

Dec 31, 2018

Sensex, Nifty turn cautious on mixed global cues

Breaking its three-day winning streak, the 30-share index turned choppy and was trading 25.93 points, or 0.07 per cent, lower at 35,903.71.

Dec 14, 2018

IMF chief economist throws his weight behind Narendra Modi

Maurice Obstfeld, however, supports the RBI, saying the central bank's independence is a must for ensuring financial stability.

Dec 10, 2018

FinMin extends deadline for filing GST annual returns till March 31

The annual returns form in which businesses registered under the GST have to provide consolidated details of sales, purchases and input tax credit (ITC) benefits accrued to them during 2017-18 fiscal was notified in September.

Dec 8, 2018

Cargo containers are seen stacked outside the container terminal of Jawaharlal Nehru Port Trust

Modi govt plans rationalisation of customs duty structure

Regulations will mirror GST and reduce interaction between traders and officers with online clearance facility

Dec 3, 2018

Tax evasion of Rs 29,088 crore detected in 1,835 cases during April-October 2018

The total number of cases where service tax was evaded stood at 1,145 involving Rs 22,973 crore. In the case of central excise duty, the DGGI detected 119 cases where tax evaded was worth Rs 1,553 crore.

Nov 21, 2018

Chidambaram responds to PM Modi's challenge, lists non-Gandhi Congress presidents

On Friday, Modi had slammed Congress after MP Shashi Tharoor's remarks that a "chaiwala" (tea-seller) became the Prime Minister because of Jawaharlal Nehru's commitment to democracy.

Nov 17, 2018

Bengaluru: Rs 1,200 crore GST fraud busted; 3 held for creating fake invoices

GST officials in Bengaluru have arrested three people for their involvement in creating fake GST statements of Rs 1,200 crore and for invading a tax amount of Rs 200 crore.

Nov 15, 2018

GST-based calculation confusing? Here are the new Casio calculators for India

Christened MJ-120 GST and MJ-12 GST, the calculators have been designed for the Indian market and priced at Rs 398 and Rs 475, respectively.

Nov 12, 2018

PM Modi hailed as 'most influential statesman of modern India'; But is Modi-fication really working?

A Chinese daily says how people perceive Modi's policies will decide the course of the 2019 general elections and the direction the country will take.

Aug 4, 2018

Who is Vijay Ratnakar Gutte? The Accidental Prime Minister director arrested for Rs 34 crore GST fraud

The director of The Accidental Prime Minister, Vijay Ratnakar Gutte, has been booked under the CGST Act, which pertains to "wrongful availment" of input tax credit using bills and invoices issued without any supply of goods or services.

Aug 3, 2018

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GST