The Council also is learnt to have agreed upon the need to have a proper module and adequate pilot testing in place to ensure that the IT backbone for e-way bill is stable.
Even as the govt is making efforts to make Aadhaar mandatory for schemes and services, experts say that it is necessary put in place safeguards such as secure data security system for a successful unique identity programme.
The actual base rate worked out by one major private sector bank in March 2017 was almost 80 bps higher than suggested by the base rate formula.
An expert panel, which was asked by PMO to examine possibility of excluding such stents from price control as ‘cheaper’ Chinese devices are entering Indian market, has said it has found no data to back the move.
The last GST Council meeting saw some far-reaching measures focused largely on SMEs and exporters.
Government sources said that discussions are underway to raise capital support by another Rs 20,000-25,000 crore for the PSBs.
Through multiple queries, The Indian Express has received responses from some of the firms that were served show cause notices for allegedly not complying with the CSR norms under the Companies Act.
In RRBs, 50 per cent is held by the Central government, 35 per cent by the sponsor banks and 15 per cent by the state government.
Dinesh Kumar Khara, managing director, State Bank of India (SBI), said that the bank had engaged with the subsidiaries with the help of an internet site wherein they were allowed to share any of their concerns. And those concerns were addressed.
Analysts warn against overshooting fiscal deficit goal, but advise well-targeted capital expenditure on medium & small enterprises, roads, railways and urban development
"As far as Aadhaar data is concerned, it is completely encrypted and the Aadhaar Act is very particular that it cannot be revealed for any unauthorised purposes," said Prasad.
Slow processing, popping up of incorrect data in the error report and portal's inability to take a large amount of data in GSTR-1 in one go are some of the issues still being faced by those filing returns
Sebi whole-time member, S Raman, talks about his experience as a commercial banker and how it has helped in his transition to regulation
Portfolios headed by Ministers of State with independent charge drops to 12 from 15 after Sunday’s rejig with crucial ministries like coal, commerce, petroleum and skill development now under ministers with Cabinet-rank
After years of constant denial, it appears that in the draft policy, the government is finally ready to accept that there is a problem with the drugs that are manufactured and sold in India. The Draft Pharmaceutical Policy 2017, prepared by the Department of Pharmaceuticals, has an entire paragraph dedicated to the quality concerns that affect the domestic market.
While Sun Pharma and Glenmark Pharma submitted detailed responses that includes revising standard operating procedures and re-training employees to the USFDA to deal with its adverse observations, others have begun course-correction
Firms hiring apprentices just submit self-declaration with regards to Apprenticeship Rules for first year; DIPP has requested the ministry to raise it to 5 years
Of the total, 162 actively traded companies’ financials show that several firms on the Sebi list have operational businesses and have been reporting quarterly revenues and profits on a regular basis
The MoLE in its advisory in January 2016 suggested states not to inspect start-ups during first 3 years of their existence under six specific labour laws.
Entities face issues such as difficulty in coding items in HSN codes, need for filing service tax returns for each state of operation and likely challenges in matching of invoices under the new indirect tax regime.
After prime lending rate, benchmark prime lending rate, base rate and marginal cost of funds-based lending rate, the central bank is planning to come up with another system to price loans.
Currently, there are four credit bureaus in India — Credit Information Bureau (India) Ltd (CIBIL), Equifax, Experian, and CRIF Highmark. These bureaus provide credit scores and allied reports and services. A Public Credit Registry will complement private credit bureaus by certifying details of collateral.
More than half of respondents feel fast growth, capacity addition and stable commodity prices will be key driver of credit conditions for corporates.
Higher focus on capital-intensive and high-skilled sectors in India has led to fast growth only in segments such as automobile and telecom which do not employ low-skilled workers; as a result of this, vast majority of workers remain concentrated in agriculture and unorganised sectors
In Delhi, on April 2, 2017, around 20 eye patients had to be rushed to AIIMS from the GTB Hospital as they complained of breathlessness, blurred vision, redness, etc after being injected with allegedly Avastin.
Profits deteriorated sharply in the last two years as NPAs spiked and the RBI-mandated asset quality review forced them to make higher disclosures of non-performing loans.
The action plan stated that the UP government, just like MP government, should consider direct and part payment to farmers from whom the seed is procured by the suppliers.
The number of cases under the Insolvency and Bankruptcy Code 2016 went up to 87 in June, compared with 7 in January. On a quarterly basis, 202 cases were admitted in April-June as against 35 in January-March, as per data from NCLT benches
Any person whose aggregate turnover in a financial year exceeds the threshold limit of Rs 20 lakh (Rs 10 lakh for north-eastern states), shall be liable to obtain registration.
GST is expected to significantly boost buyer and investor sentiment which has been subdued for a while.
Students at a driving school in Bihar’s Saran district remain unemployed after undertaking the skill development programme and wait not just for the course completion certificates but also for their commercial driving licences
The DTAB suggested the health ministry that each state’s drug-controlling authority should create an intelligence cell with a nodal officer for market surveillance and conducting investigation related to spurious or adulterated drugs.
While small businesses appear to be benefiting from the Mudra scheme, the absence of a transaction history acts as a major impediment for new borrowers
Former RBI Governor YV Reddy: Any government is well advised to take the technical advise of the RBI more seriously.
The Niti Aayog's report, submitted before the United Nations, acknowledges that anti-poverty programmes like the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) helped weaker sections of the society.
The Nordic country is currently collating database of 2,000 unemployed people who are paid tax-free €560 each a month under a two-year universal basic income experiment started in January.