In a reply to an unstarred question in the Rajya Sabha, Rajeev Chandrasekhar, minister of state for electronics and IT, said that the companies are being persuaded to deposit the tax amount/ interest/ penalty as applicable
Earlier this month, while presenting the state budget for this fiscal, Siddaramaiah allocated an amount of Rs 24,166 crore for the Gruha Lakshmi scheme for this fiscal.
The Fitment Committee has recommended that the medicine, which costs Rs 36 lakh, should be exempted from GST as patients and families usually raise money through crowdfunding to buy it.
RBI’s latest circular will allow customers to change the card network (e.g. RuPay, Visa, Mastercard, etc.) on their prepaid, debit and credit cards
The survey said 80 per cent of business leaders in India have expressed that the time is ripe for the next phase of GST regime reforms for enhanced ease of doing business (EoDB) and sectoral growth in the next few years.
Last month, Raghuram Rajan, in a LinkedIn post, questioned the outcome of the PLI scheme for mobile phones as companies continue to import most of the components
The official added that the GST Council may not consider any major rate rationalisation exercise, including slashing of GST rate on cement.
On Monday, the apex court said since the Delhi government is currently formulating a policy for granting licenses to taxi aggregators, the High Court's stay on the notification banning bike taxis in the capital was not required at this point in time.
Gruha Jyothi scheme is one of the five poll guarantees that the Congress party had proposed in its election manifesto. The guarantee offers up to 200 units of electricity free of cost to domestic consumers.
Buch, while opening the Association of Mutual Funds (AMFI) in India’s new office at Mumbai's Bandra-Kurla complex, said if the AMFI fails to adopt self-regulation measures, Sebi will have step in to ensure investor protection.
In its annual report, the central bank said: "During 2023-24, the RBI aims at expanding the ongoing pilots in CBDC-Retail and CBDC-Wholesale by incorporating various use cases and features."
According to a Finance Ministry notification, an Indian resident can remit money abroad up to a maximum of $2.50 lakh per annum without the authorisation of the RBI. Any remittance beyond that in foreign currency would require approval from the RBI.
California-headquartered Sequoia Climate Foundation, which was set up in 2020, basically focuses on bold and ambitious strategies that are needed to avoid dangerous climate tipping points in a world powered by clean energy.
As per WHO, syrups exported by Indian manufacturers, Maiden Pharmaceuticals Ltd and Marion Biotech, were contaminated by lethal toxins
New measures announced by the leaders during the May 19-21 meetings will target sanctions evasion involving third countries, and seek to undermine Russia's future energy production and curb trade that supports Russia's military.
Director general of ISpA, Lt Gen (Retd) Anil Kumar Bhatt says an early approval of the Space Activity Bill would be the next logical step in ensuring a global acceptance of the Indian space sector
Before the Covid lockdown, IRCTC used to grant concession in the fares of Male Senior Citizens of minimum of 60 years and Female Senior Citizen of minimum of 58 years. The concessions were discontinued during Covid in order to stem the spread of the disease.
Gold tariff rate quota (TRQ) will be allocated to old and new applicants as per the revised simpler eligibility norms and lesser compliance burden for Indian importers, DGFT Santosh Sarangi said on Thursday.
Rahul Gandhi's plea dismissed: It said that the power to suspend or stay convictions must be exercised with caution or it could have a serious impact on the public perception on the justice delivery systems and “shake public confidence in judiciary”.
Issues related to crypto have emerged as a major point of discussion among G20 countries and there is unanimity among member nations about the urgency to regulate this sector. India currently holds the rotating annual presidency of G20 countries.
DGGI officials have sent out summons and notices to these intermediaries in the last 15 days. At least 120 insurance intermediaries and aggregators from across the country are under scrutiny.
Copyright©2023 Living Media India Limited. For reprint rights: Syndications Today