New Delhi: After having fixed the rates of the goods and services tax (GST) on almost all commodities and services, the powerful federal tax body GST Council is trying to ensure that businesses pass on any tax reduction benefit to consumers when the new indirect tax regime comes into force on 1 J…
Tag: Competition Commission of India (CCI)
To ensure success of Start Up India, Digital India, regulators must encourage innovation
There has been a flurry of developments in India’s innovation landscape since the country announced its National IPR Policy, earlier last summer. The policy document rightly underscores the government’s recognition of the importance of strong intellectual property rights for fostering innovation …
Currency Switch Impact | SIMA suggests measures to overcome demonetisation impact
The Southern India Mills’ Association (SIMA) has sought certain remedial measures to enable the industry to mitigate the challenges posed by the cash crunch created by demonetisation. SIMA has suggested enhancing the working capital limit by 50 per cent and increasing the existing NPAs peri…