The minister said that the government will speed up refunds of taxes paid by exporters and making incentives for exporters more attractive.
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Tag: Ministry of Finance
GDP growth to be 7% plus in 2018-19, says Economic Affairs Secretary
New Delhi: The 2017-18 Union Budget charts a story that is consistent with the policies of Government in the last couple of years, is predictable in its approach and is shorn of unnecessary surprises for the industry and society, said Ashok Lavasa, Finance and Expenditure Secretary, Ministry of F…
Currency Ban Impact | Online Vendors Association writes to FinMin over revenue loss
India’s leading online sellers said the demonetisation of Rs 500 and Rs 1,000 notes has badly hit their business with total orders down by almost 80 per cent. All India Online Vendors Association (AIOVA), a group of 1,500 online sellers, said the country’s e-commerce industry is depen…
President gives nod to GST Bill; 60 days’ countdown to GST Council begins
Turning years of wait into reality, the Constitutional Amendment Bill on Goods and Services Tax (GST) received Presidential assent on September 9 and turned into a law. The consent has moved the government a step closer to do away with indirect taxes. Next on agenda is formulation of the GST Coun…
PSU Banks asked to focus on niche areas, infra sharing
The Ministry of Finance (MoF) is keen that public sector banks should carve out a niche in some specific banking sectors and also share the infrastructure. “Have the banks started carving out a niche for them in some specific banking sector such as retail, SME, project finance and geographies so …