Six early-stage start-ups are already under incubation at the Electropreneur Park, which were selected from nearly 200 proposals received, an official statement said.
‘An adequate dispute resolution mechanism needed for developing nations’, Jaitley said.
The prime minister asked all secretaries of the government to conduct a follow-up discussion in a week’s time with participants from their ministries.
The empowered committee of state Finance Ministers, headed by West Bengal Finance Minister Amit Mitra, will meet traders and industry chambers on August 30.
The latest quarterly survey by Ficci on manufacturing outlook for the second quarter also finds that the interest rate paid by the manufacturers still remains high and sticky.
The committees are set up at the levels of headquarter and zonal regional authority (RA).
It also flagged issues concerning international comparability of fiscal statistics, aligning government's financial year with year for tax assessment and corporate accounting purposes.
Arguments both in favour and against the change abound, Centre forms panel to oversee public view.
Banks to set aside additional provision of 3% on exposure beyond a threshold.
It further noted that a better monsoon, civil service wage hike following 7th Pay Commission, a favorable fiscal monetary policy mix, the recent passage of key reforms and continued FDI inflows should all support growth.
Along with interest rates, other obstacles also need to be looked into: Sitharaman.
"GST bill for the first time recognises Delhi as a state under the new Constitutional amendment to Art 366 - step in right direction finally," Manish Sisodia tweeted.
Three states - Jharkhand, Bihar and Assam-have already ratified the bill.
According to CII, GST rate should be kept at a zero level on those processed food products which are essential for survival of 'poor man'.
Lauding the implementation of GST, he said it was the biggest tax reform which would push the GDP growth by 1.5 to 2 per cent.
The Insolvency and Bankruptcy Code, 2016, seeks to consolidate and amend laws relating to reorganisation as well as insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner.
The move has been effected after discussions with the coal ministry, Railway Board, member traffic Mohammad Jamshed told reporters.
Income Tax Department has already put a Tax Collected at Source on cash transactions
"What UPA government could not do in the 10 years, Modi government did it in less than 2.5 years," said Deputy Chief Minister Nitin Patel.
GST Bill: The ratification of the bill comes in quick succession after the Chhattisgarh assembly passed it unanimously on Monday.
The Goods and Services Tax Network (GSTN) is the special purpose vehicle to set up information technology backbone for rolling out indirect tax regime that will replace myriad local levies.
Suggesting an upper limit of Rs 15 lakh on cash holding, SIT had stated that special permission of the Commissioner of Income Tax of the area should be taken in this regard.
Continuing his predecessor’s efforts at cleaning up PSU banks’ books and controlling the sudden spurt in inflation, are the major issues that will keep the new Governor busy in the near future.
After starting on a higher note at 28,088.07, the Sensex touched the day’s high of 28,143.28 amid sustained foreign fund inflows.
The government has notified monetary policy framework agreement under which RBI will target to contain inflation at 4 per cent with an upper and lower tolerance band of 2 per cent.
Before Chhattisgarh, Himachal, Assam, Jharkhand and Bihar became the first four states to pass the bill.
The chief of Bank of Baroda complained that the government is the largest litigator in the country and most cases keep getting escalated.
D&B expects WPI inflation to be in the range of 4-4.2 per cent.
Economic Affairs Secretary Shaktikanta Das, who himself was said to be in fray for the top post at the apex bank, welcomed the appointment of Patel as the 24th RBI Governor.
Moody's Investors Service said continued reforms to enhance business environment and moderate inflation will help India achieve robust growth.
GST Bill: Bihar, Jharkhand, and Assam became the first three states to pass the bill.
Urjit Patel has been chosen as the successor to Raghuram Rajan as the RBI chief.
Fitch Ratings said a central bank governor doesn’t need to have a rock star status to be successful in reigning in inflation or cleaning up the banking sector.
The aggregate revenue growth for a clutch of 2,349 companies was just about 3 per cent year on year.
Patel will bring to the mix the new global consensus about monetary policy: nothing beats stability and predictability, said economist Meghnad Desai.
The MPC aims to shifts the decision making process from the current system which gives discretion to the Governor, to a panel-based approach where every member's call will count and the Governor will have a casting vote.