Tuesday, August 20 2019

July 27, 2019

GST rate on all Electric Vehicles reduced from 12% to 5%

Goods and Service Tax

New Delhi-The 36th GST Council Meeting was held here today Via Video Conference under the chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman. The meeting was also attended by Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Revenue Secretary i Ajay Bhushan Pandey and other senior officials of the Ministry of Finance.

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July 26, 2019

Draft National Policy on e-Commerce prepared

New Delhi-A draft National e-Commerce policy has been prepared and placed in public domain, which addresses six broad issues of the e-commerce ecosystem viz. e-commerce marketplaces, regulatory issues, infrastructure development, data, stimulating domestic digital economy and export promotion through e-commerce. The Department of Commerce initiated an exercise and established a Think Tank on Framework for National Policy on e-Commerce and

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July 23, 2019

Money Collected by Banks on Account of Minimum Balance Penalty

New Delhi-According to Reserve Bank of India guidelines, banks do not have any Minimum Balance requirement for Basic Savings Bank Deposit accounts (BSBD), including accounts opened under Pradhan Mantri Jan Dhan Yojana (PMJDY). As on March 2019, there were 57.3 crore BSBD accounts across the country, including 35.27 crore Jan-Dhan accounts. Hence, for these accounts there are no charges for

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July 22, 2019

India and Russia bilateral trade target of US$ 30 billion by 2025

New Delhi-Russian Deputy Prime Minister, Mr. Yury Borisov, heading an 18-member strong Russian delegation, representing various Ministries, visited New Delhi on 22 July 2019, and met Dr. S Jaishankar, External Affairs Minister. Both co-chaired the India-Russia Intergovernmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation. They held their first inter-sessional meeting since the External Affairs Minister assumed office. With

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