New Delhi: The BJP on Thursday claimed that the “script and dialogue” of Rahul Gandhi’s “vote chori” campaign came from abroad and accused the Congress leader of carrying forward a foreign agenda of interfering with the country’s democracy. The ruling party claimed that “undeniable evidence” has emerged showing that the PowerPoint presentation Gandhi made recently…
New Delhi: Fitch Ratings on Wednesday raised India’s GDP growth forecast to 6.9 per cent for the current fiscal year, from 6.5 per cent earlier, citing strong June quarter growth and domestic consumption-led demand. Fitch is the first global rating agency to have upped India’s GDP growth estimates for the current fiscal year after the…
New Delhi: The government on Tuesday directed manufacturers and importers to declare revised maximum retail prices (MRP) on unsold stock to reflect changes in goods and services tax (GST) rates, with the deadline set for December 31 or until stocks are exhausted, whichever is earlier. The directive comes as the government has reduced GST on…
New Delhi: India deserves a better opposition and better opposition leaders, Finance Minister Nirmala Sitharaman said on Saturday, as she slammed their criticism of the Modi government on the GST reforms as “ill-informed” and untouched by facts leading up to the implementation of the unified indirect tax regime in 2017. In an interview to PTI,…
Shimla: The state government, opposition, and farmers’ body have hailed the decision to slash Goods and Service Tax (GST) on several items and eliminate 28 per cent and 12 per cent slabs, describing it a big relief to people. “The Congress party has been pressing for these reforms for a long time, and finally, the…
New Delhi: Prime Minister Narendra Modi on Thursday hailed GST 2.0 as a double dose of support and growth for the nation and asserted that the series of next-generation reforms to make India self-reliant will not stop. In an interaction with the winners of the National Teachers Awards, Modi said he had promised “double dhamaka”…
New Delhi: The government’s move to cut GST on medicines and medical devices while exempting lifesaving drugs from the levy is a bold step that will bring direct relief to patients and families while significantly reducing financial strain on them, pharmaceuticals and healthcare industry players said on Thursday. The bold reforms will improve accessibility of…
New Delhi: The GST rate reduction on cement will not only support domestic manufacturers but also accelerate the pace of infrastructure development and catalyse industrial expansion in India, industry players said on Thursday. A reduction in GST is expected to enhance the competitiveness of the Indian cement industry by creating a level playing field with…
Mumbai: Benchmark equity indices Sensex and Nifty surged in early trade on Thursday as investors became cheerful after the GST Council approved a complete overhaul of the tangled Goods and Services Tax regime. The 30-share BSE Sensex jumped 888.96 points to 81,456.67 in opening trade. The 50-share NSE Nifty surged 265.7 points to 24,980.75. Common…
New Delhi: India Inc on Thursday hailed the GST Council’s “forward-looking decisions” –moving to two rates of 5 per cent and 18 per cent from 22 September, simplifying refunds and MSME procedures, and exempting individual life and health insurance from the indirect tax regime. Industry bodies said the clarity will ease compliance, reduce litigation, and…
