The National Highways Authority of India (NHAI) was able to achieve Rs 9,600 crore as the enterprise value (EV) payout from Macquarie; this implies an EV to sales multiple of 13 times.
At present, the Central GST (CGST) Act defines RCM as the provision where the registered recipient of goods and/or services is liable to pay GST instead of the unregistered supplier.
Work on transmission corridors has not taken off; could force agencies to slow down future bids
"States have gained an additional Rs 37,426 crore due to the implementation of GST and hike in crude oil prices."
Of global HNW investable wealth of $26.4 tn, Indians hold $0.6 tn
We have agreed to work on resolution of various issues and address the concerns of either side: Suresh Prabhu
Better margins are expected after the entry of a number of private players in the dairy products space, even though dairy sector is dominated by dairy cooperatives and milk unions, it said.
The expected transition towards electric mobility necessitates attention and action by several sectors and stakeholders, according to a latest EY report on the building blocks for a sustainable EV ecosystem.
The seizure is being seen as a significant one given that all India seizure of Ketamine during the calendar year 2016 was 68.06 kgs only, the DRI said.
“Considering the evolution and internationalisation of the capital markets, it would be worthwhile to consider facilitating companies incorporated in India to directly list their equity share capital abroad and vice versa,” said a Sebi statement.
The UIDAI, in April, launched the virtual ID facility to generate a 16-digit virtual identification for Aadhaar holders.
A ministry statement said that this would boost the overall construction activity in housing sector which would have a “cascading effect on core sectors like cement, steel, machinery and other allied sectors”.
While the RBI hasn’t yet indicated any relaxation of its circular, the finance ministry, sources said, will soon write to it and other stakeholders, including power producers, convening a meeting to find a resolution.
Two-wheelers slowed down significantly, clocking in only 9.2% growth y-o-y as against a stronger 16.9% y-o-y in April.
The dedicated fund will operate as a non-banking financial company (NBFC) with 49 per cent government stake.
The ministry is also planning to launch new surveys including Annual Survey of Service Sector Enterprises, the Annual Survey of Unincorporated Sector Enterprises, the Time Use Survey and the Economic Census, it said.
The Department of Industrial Policy and Promotion (DIPP) and the NPPA are also documented as having given similar assurances in subsequent meetings.
The CBIC asked exporters and traders to visit their jurisdictional GST office or Customs House/Port and settle pending claims during the Special Refund Fortnight from May 31 to June 14, 2018.
A consortium of 18 banks have an exposure of over Rs 2500 crore to Videocon Telecommunications, which has defaulted on loans and bank guarantees since January 2018.
“The inevitable consequence of this would be that the market itself will discover solutions,” Jaitley said.