In a major top-level bureaucratic reshuffle, Arun Kumar Panda, a 1984-batch IAS Officer from Orissa cadre, has taken charge as the new Micro, Small and Medium Enterprises Secretary, as earlier appointed by the Appointments Committee of the Cabinet. Panda comes in place of K K Jalan, a 1982-b…
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Textile industry infused with zero-defect, zero-effect: PM Modi
Prime Minister Narendra Modi on June 30 inaugurated Textiles India 2017 Exhibition and Summit organized at Mahatma Mandir in Gandhinagar, and asserted that the textile industry is being infused with the mantras of skill, scale, speed’ and ‘zero-defect ,zero-effect’ policy. Addre…
GST Timeline: A look at the 17-year journey of historic Goods and Service Tax
GST rollout: India is all set to rollout the historic Goods and Services Tax (GST) during a special joint midnight session of Parliament today. For 17 years, the idea of ‘One Nation, One Tax’ witnessed several delays, heated politics and more. But the time of GST has now arrived. Prime Minister N…
GST for SMEs: Four advantages & four concerns
Goods and Service Tax (GST), a broad indirect taxation regime, is only a few hours away from its rollout, and Small and Medium Enterprises (SME) will be the ones most directly impacted by GST implementation. Its impact will be constructive as well as unfavourable in ways more than one. It will br…
GST Rollout: People have nothing to fear; everyone will be benefited, says Hasmukh Adhiya
With the government all set to roll out Goods and Services Tax (GST) today midnight, Revenue Secretary Hasmukh Adhiya has said that people should not believe in any false information and that everyone will benefit from it. “People should not believe in any misinformation as it is a tr…
Parliament is being decked up for midnight GST launch
Standing on a long wooden table, Manoj is putting the finishing touches to Red Fort — a painting showing an elaborate gathering of people turning up for an Independence Day event. Just behind him, labourers are busy carrying the dark green coloured carpet, broken chairs, old upholstery and dilapi…
GST rollout: A mixed bag of pains & gains for SMEs
India has an estimated five crore small and medium enterprises (SMEs) that form the backbone of the economy. How will the implementation of the goods and services tax (GST) impact the sector, which contributes 50 per cent of the industrial output and constitutes India’s 42 per cent export earning…
Star-studded GST launch: Here is full guest list for Midnight bash at Parliament
GST rollout: After years of inputs and months of speculation, the Goods and Services Tax or GST rollout will finally take place today during a midnight session in Parliament’s Central Hall. The hall itself is of historic significance as the last time it hosted a midnight event, it was in 1997 on …
GST Rollout: P Chidambaram says India underprepared for new tax regime
While the Centre is ready to launch the ambitious Goods and Services Tax (GST) on a grand note on July 1, former Finance Minister P Chidambaram feels that the country is underprepared to come up with this new tax regime. A day ahead of the special midnight June 30-July 1 meeting convened by the N…
GST Rollout: How GST will affect businesses that don’t pay tax
Rakesh Sachdeva sells auto parts in a busy market in central Delhi, just a few miles from Prime Minister Narendra Modi’s office. Yet despite having a flourishing business he does not pay any tax. Until now, his rundown premises and small scale operation has kept the business below the radar of In…