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‘Inflation spike, CAD concerns easing; govt being watchful’
Despite having to bear additional fiscal burden, the Centre isn’t planning to slash the fertiliser subsidy rates at the moment, the source said. It doesn’t wish to add to farmers’ costs of production at this juncture.
Fri, Aug 12, 2022
Explained: Flying abroad, why Customs wants your PNR data
Airlines have been asked to share 19 passenger data points with authorities such as date of travel, contact details, and payment and billing information. What is the objective of collecting such details? Are there norms when it comes to sharing passenger info?
Thu, Aug 11, 2022
Customs to airlines: Give details of foreign travellers for ‘risk analysis’
Airline officials said the move creates a standardised process of passenger data sharing with the Customs department, given that non-standard requests for passenger data could potentially lead to privacy infringements.
Wed, Aug 10, 2022
Post pandemic, employees reluctant to return, firms take offices to small towns
The IT and software services sector, which is among the top organised sector employers, is seeing companies expanding to some of the smaller towns and cities that are emerging as “talent hubs”, looking beyond the traditional campus centres like Bengaluru, Hyderabad, Pune and Gurgaon.
Tue, Aug 09, 2022
Higher capacity utilisation signals investment revival
“Capacity utilisation in the manufacturing sector is now above its long-run average, signalling the need for fresh investment activity in additional capacity creation,” RBI Governor Shaktikanta Das said in his monetary policy statement.
Sat, Aug 06, 2022
Concern in Delhi over not being part of US-led critical minerals alliance
Given India’s EV and electronics push, rare earth minerals vital to growth.
Thu, Aug 04, 2022
Explained: What lowering of e-invoicing turnover threshold under GST to 10 crore from Oct 1 seeks to achieve
The turnover threshold for e-invoicing has been halved to Rs 10 crore effective October 1 this year under the Goods and Services Tax (GST) regime. What does this signify?
Thu, Aug 04, 2022
Explained: 3 reasons why GST collections continue to surge
Experts say that action against tax evaders, including steps being taken by state authorities, have resulted in better compliance and helped push the growth in GST collections along with economic recovery and higher inflation rate.
Tue, Aug 02, 2022
States, Centre to meet on labour: Modalities of four codes key agenda
Implementing the labour codes not later than 2023 is the aim at the highest levels of government. However, publishing of some or all of the draft rules by the states and finalising modalities is a major challenge.
Mon, Aug 01, 2022
Larger plants, more jobs: Gains of early movers on labour reforms
States which had the necessary ecosystem and an enabling environment for the manufacturing sector to grow could reap the positive impact of changes in labour laws sooner than others.
Wed, Jul 27, 2022
As global crude prices fall, Govt cuts windfall tax on fuel exports
The government also exempted petrol, diesel and ATF from levy of duties when exported from refinery units located in the Special Economic Zones.
Thu, Jul 21, 2022
Explained: Why India has cut windfall tax on diesel, aviation fuel exports
The Indian government has removed the recently imposed cesses and levies on diesel and aviation turbine fuel, and the cess on exports of petrol. What was the reason for the extra levies, and why have they been cut now?
Wed, Jul 20, 2022
Basic pay, wages: Govt open to relook labour code proposals
The Code on Wages proposes to fix a National Floor Level Minimum Wage, and redefine the break-up of wage to increase the share of the basic pay component -- a provision to enable higher provision for social security for establishments, especially in the service sector.
Sat, Jul 16, 2022
India’s demography at crossroads: Elderly may outnumber the youth
States such as Kerala, Tamil Nadu and Himachal Pradesh are projected to see a higher elderly population than the youth by 2036.
Wed, Jul 13, 2022
Retail inflation eases, but still over 7%, IIP hits 12-month high of 19.6% in May
Reacting to the consumer price inflation numbers, Union Finance Minister Nirmala Sitharaman said monitoring of prices will continue to be a part of the government's pointed attack on inflation.
Wed, Jul 13, 2022
Most states frame draft rules, Centre’s push on rollout of labour codes
While early-2023 is being considered a feasible option, the fact that it cuts too close to the 2024 general elections and the possible spillover impact of the farm laws’ debacle is a concern.
Tue, Jul 12, 2022
Explained: Tax rate changes decided by the GST Council
In the changes, which are expected to affect consumers at the most basic level, GST exemption has been withdrawn from ‘pre-packaged and labelled’ retail packs, but items sold loose or unlabelled shall continue to remain exempt.
Mon, Jul 04, 2022
Explained: Why has the Govt imposed a special cess on exports of automobile fuels?
The Govt says the domestic retail prices of diesel and petrol would remain unchanged. At the same time these measures will ensure domestic availability of the petroleum products.
Sat, Jul 02, 2022
Centre imposes extra levies on petrol, diesel exports; hikes gold import duty
A cess of Rs 23,250 per tonne (by way of special additional excise duty) or windfall tax has been imposed on crude. A special additional excise duty (SAED) of Rs 6 per litre has also been imposed on exports of Aviation Turbine Fuel.
Sat, Jul 02, 2022
Explained: Govt’s small savings rate call today – what to expect?
The interest rates on small savings schemes were revised for the first quarter of 2021-22 (April-March) being reduced sharply by 40-110 basis points but the decision was later rolled back.
Thu, Jun 30, 2022
TN Finance Minister Palanivel Thiaga Rajan: ‘Don’t know of a single state that hasn’t asked for extension of compensation… it should be a GST Council decision’
Tamil Nadu Finance Minister Palanivel Thiaga Rajan says the decision on compensation should be taken within the GST Council and there would be a consensus on bringing it if it is decided to be extended. Excerpts from an interview with The Indian Express.
Thu, Jun 30, 2022
At least 12 states say continue GST compensation, no decision taken
States were guaranteed compensation for five years till June 2022 at a compounded rate of 14 per cent (with 2015-16 as the base year) to make up for any losses due to the new tax regime that rolled out in July 2017.
Thu, Jun 30, 2022
No more mandatory GST registration for small online sellers, but with riders
While this move will bring parity between online and offline sellers, it is subject to certain conditions, Finance Ministry officials said.
Thu, Jun 30, 2022
At GST Council meeting today, states to demand compensation regime extension
There was a consensus among the states on Tuesday on rate rationalisation, which includes correcting inverted duty structures and expanding the tax base.
Wed, Jun 29, 2022
Explained: As states push for extending compensation, what to expect on Day 2 of GST Council meeting
While there was a consensus on day 1 among states on the rationalisation of rates, day 2 is set to see states raising demands for extending the compensation regime and uniform rate of 28% for casinos, online gaming and horse racing.
Wed, Jun 29, 2022