Economy News

Fast forward; GST set to transform face of Indian logistics industry

GST has paved the way for ultra-modern storage sites with automated conveyers, RFID-enabled tracking and IT-enabled warehousing management systems.

Jun 30, 2017

GST: Which businesses are exempt from registration and payment of tax?

The goods and services tax (GST) will not be applicable for certain categories of business entities, based on their sales (turnover).

Jun 30, 2017

Closure of tea estates likely due to Darjeeling crisis

"The present disruption could result in a possible sickness and closure of several tea estates which would be difficult to revive," Darjeeling Tea Association's Chairman Binod Mohan says.

Jun 29, 2017

Buy, buy, baby: RBI's checks can make the banks bounce

Guidelines on third party product sales from the banking regulator may not really stop banks from mis-selling.

Jun 29, 2017

GST effect: Mobile phone, broadband services to become expensive from July

The tax rate under GST on services such as telephone will be 18 percent as against the current 15 percent.

Jun 29, 2017

Deadline for depositing DeMo notes with RBI ends on June 30 for NRIs

Non-resident Indians (NRIs) have time till June 30, 2017 to deposit demonetised notes at five offices of RBI.

Jun 29, 2017

H&R Block initiates GST and tax education programme

The first leg of the nationwide initiative was conducted in Pune, in association with the Pune Independent Financial Advisors Association.

Jun 29, 2017

GST effect on two-wheelers: Will bike and scooter prices come down? Everything you need to know

How is the tax on two-wheelers, both scooters and bikes, being calculated under GST? Here is all you need to know about GST on two-wheelers.

Jun 29, 2017

KG-D6 gas output down to a drip, says Reliance

Company says trying to maintain liquid flow, sustain production until future projects are commissioned.

Jun 29, 2017

7th Pay Commission: 7 key things to know about the Rs 31,000 crore bonanza that will benefit 48 lakh employees

The hike in allowances, including HRA, for the 48 lakh employees -- 34 lakh employees and 14 lakh pensioners -- will be effective from July 1, 2017.

Jun 29, 2017

Stage set for GST rollout, says Finance Minister Jaitley

'GST date was decided on consensus by the GST Council, which comprises the Centre and the states'.

Jun 29, 2017

PM Modi looks favourite to score 2 key political points at midnight GST launch

While the ruling party's invitation to Manmohan Singh will leave very little scope for Opposition to act out of sync, the launch of the mega financial reform at midnight will also take PM Modi closer to Jawaharlal Nehru, who had inaugurated India's biggest political reform in 1947.

Jun 29, 2017

7th Pay Commission: Cabinet approves hike in HRA, other allowances for Central govt employees, pensioners; read list of all allowances here

The Union Cabinet retained 108 allowances, deferred decision on 12 and merged 34 with other benefits for Central government employees, almost 20 months after the 7th Central Pay Commission submitted its report. You can read the list of all allowances here.

Jun 28, 2017

GST: Congress to boycott special Parliament session

Apart from objecting to PM Narendra Modi launching the GST, the Congress has to weigh other aspects before deciding whether to attend the June 30 event.

Jun 28, 2017

GST makes India a unified market like EU

Amalgamating several state and central taxes into a single tax would mitigate cascading or double taxation and lead to easier administration and enforcement.

Jun 28, 2017