While Indian IT industry body Nasscom said that the Goods and Services Tax (GST) Bill is a welcome move, it has also voiced some concerns on the GST Model Law. Nasscom has suggested certain changes to the finance ministry on self-declaration procedures, instead of multiple paper-work for registra…
Tag: GST
All parties except AIADMK supporting GST; voting remains
August 3, 2016: As the debate on GST Bill continues in Rajya Sabha with voting likely to be held late into the night, all parties supported it except for AIADMK. Today in the Rajya Sabha session on GST, main opposition Congress and most other parties, except AIADMK, expressed support, with certai…
‘Alliance for Digital Bharat’ formed to help SMEs digitize
In a bid to develop conducive atmosphere for digitalisation in non-corporate sector, prominent stakeholders of economy have come forward to form the ‘Alliance for Digital Bharat”. The Alliance includes national organisations of traders, transporters, consumers, farmers, hawkers, SMEs, self-…
Govt, Oppn must join hands for GST breakthrough: Assocham
Government and the main opposition party should get the long-stalled Constitutional Amendment Bill on GST passed in the Rajya Sabha in first few days of the monsoon session of Parliament, industry body Assocham has said. “At this point, when macroeconomic risks like rebound in inflation and…
Development of ecommerce good for growth: WTO
Ecommerce can play a pivotal role in fostering growth and raising living standards, particularly for developing countries, the World Trade Organization (WTO) has said. “By reducing the trade costs associated with physical distance, ecommerce allows businesses to access the global marketplac…
Recent FDI Policy a measure to induce additional employment, jobs and spur up Make-in-India: Lavasa
The Finance Secretary, Ashok Lavasa on June 22 reiterated that the recent FDI policy pronouncements are meant to create additional jobs as well as induce employment and spur up the Make-in-India with emphasis on driving investments both foreign and domestic. Addressing the Managing Committee Memb…
Kalraj Mishra takes to twitter to inform MSME Ministry’s key initiatives on #TransformingIndia
On completion of two years of NDA government in office, Union Minister for Micro, Small and Medium Enterprises (MSME) Kalraj Mishra interacted with public on May 26 from 4-5 pm via twitter #AskKalraj. MSME Secretary, KK Jalan was also the part of this interaction. This is part of #TransformingInd…
GST legislation likely to be passed by Rajya Sabha in forthcoming session | Ajay Tyagi
May 25, 2016 | Additional Secretary, Ministry of Finance, Ajay Tyagi said that the government of the day was making all out efforts and trying its best to create consensus for the smooth passage of GST and hoped that the upper house of the Parliament would be able to pass the legislation in the f…
Budget strikes a fine balance between ‘Bharat’, the rural India and 21st century India | Jayant Sinha
NEW DELHI, 8 March, 2016: Jayant Sinha, Minister of State for Finance, today described the Union Budget 2016-17 as one which achieves a fine balance between ‘Bharat’, the informal rural economy and India, the modern 21st century India; between fiscal rectitude and economic growth imperatives an…
Traders unhappy with budget
The Union Budget 2016-17 failed to impress local industrialists as they were hoping for more announcements to boost up the Micro Small and Medium Enterprises (MSME) sector. Industrialists feel Finance Minister Arun Jaitely had stressed on the agriculture sector and they had been neglected. Anurag…