Wednesday, August 22 2018

November 11, 2017

GST council took key decisions to reduce tax rates

The 23rd meeting of GST Council in Guwahati has decided on a comprehensive overhaul of GST. Several items that were under the 28% tax slab have been brought into lower tax slabs.Tax on restaurants has undergone a major change. Now all restaurants AC, non AC and irrespective of turnover will be taxed at 5% and they will not be eligible for Input Tax Credit.Traders and consumers in Mumbai have welcomed the announcement that will make eating out cheaper.

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November 10, 2017

NITI Aayog releases proposal for a quick pilot on EV charging infrastructure in Delhi

NITI Aayog Vice Chairman, Dr. Rajiv Kumar released a proposal to develop electric vehicle charging infrastructure in Delhi. The proposal for the quick pilot could be used to provide a structure for EV infrastructure rollout in the Gurgaon-IGI-South Delhi-Noida corridor.This proposal for developing the pilot includes 55 locations with 135 charging stations of which 46 are DC quick charging stations and 89 are slower AC charging stations. This deployment would require co-operation with state governments, selected government authorities and companies

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November 9, 2017

IT raids Jaya TV and its associates over suspected tax evasion

Income Tax officers have raied over 190 locations across four states in connection with the AIADMK-owned Jaya TV and its associates in Chennai over suspected tax evasion as part of ‘Operation Clean Money’.Also, the allegation covers aspects like shell companies, dubious investments, fund flow and fudging of accounts.Searches also cover the premises of Midas Distilleries and Jazz Cinemas, I-T officers said. The two entities are perceived to be associated with some of those linked to Jaya TV.

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November 9, 2017

GST Council to review the progress of the new tax regime

The meeting of GST Council in Guwahati will review the impact of the new tax regime in the first quarter of its implementation. Council meeting got underway to review the progress of the new tax regime, three months after it was rolled out.The Council will also deliberate to bring the real estate sector under GST for fixing standard rates in the entire country.A formal briefing will take place tomorrow after the conclusion of the meeting.

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November 9, 2017

Delhi reenforced the odd even rule from the 13th to the 17th of November

Govt of Delhi has re-enforced the odd even rule from the 13th to the 17th of November.Delhi NCR continues to struggle with toxic air quality for the third day. With pollution reaching dangerous proportions National Green Tribunal admonished government and civic agencies.It banned construction and industrial activities causing emissions till November 14. Even National Human Rights Commission sent notices to the Centre and governments of Delhi, Punjab and Haryana in view of “life-threatening” pollution levels.

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November 9, 2017

External Affairs Ministry rejects China’s objection to Defence Minister visit to Arunachal Pradesh

India rejected China’s objection to Defence Minister Nirmala Sitharaman’s recent visit to Arunachal Pradesh.External Affairs Ministry spokesperson Raveesh Kumar said, Arunachal Pradesh is an integral part of India and any Indian national can visit the state.Asked about Indo-Pak talks, Mr Kumar said, there is no change in New Delhi’s stand. He said there should be a conducive environment free of terrorism for the talks to take place.

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November 7, 2017

Finance Ministry : 83 per cent effective currency in circulation today

New Delhi- In a tweet Finance Ministry said, the total currency in circulation has come down to almost 15 lakh crore rupees as of 4th August from around 18 lakh crores.Only 83 per cent is the effective currency in circulation today with remonetisation. Detailing other benefits of demonetisation for the economy, said Ministry.It said, the move has also helped in expanding tax base, converting non-formal economy into a formal one and making money accountable. The Ministry added that the decision

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November 7, 2017

Investigations in cases of ‘Paradise Papers’ to be monitored through reconstituted Multi Agency Group

New Delhi-Revelations made in the media under the name ‘Paradise Papers’ based upon expose done by the International Consortium of Investigative Journalists indicate that out of 180 countries represented in the data of offshore entities held by persons of different nationalities, India ranks 19th in terms of number of names. 714 Indians reportedly appear in the tally. The Paradise Papers include nearly 7 million loan agreements, financial statements, emails, trust deeds and other paperwork over nearly 50 years from inside

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November 6, 2017

Surat gets Best City Bus Services Award

Surat Municipal Corporation has been chosen for the ‘Best City Bus Services Award’ by the Union Ministry of Housing and Urban Affairs for succeeding in attracting 87% of the private vehicle and auto rickshaw users to use city buses. Mysuru’s Public Bicycle Sharing has won the ‘Best Non-Motorised Transport’ Award while Kochi (Kerala) has been chosen for the ‘Best Urban Transport Initiative’ Award for completing its Metro Rail Project in a quick time besides integrating the metro with other modes

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November 5, 2017

Ek Shaam Ganga Ke Naam in New Delhi

New Delhi-River Ganga has been an unceasing source of livelihood for more than 40 percent of India’s population. It has been unconditionally providing for our needs and has been the very essence of spirituality. In order to acknowledge the river’s importance and celebrate its magnificence, National Mission for Clean Ganga (NMCG) organised a cultural evening – “Ek Shaam Ganga ke Naam” yesterday in New Delhi. On this date in 2008, Ganga was declared as the National River of India. Intended

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