The Council, which has state finance ministers as members, in its meeting last month, had referred the issue relating to Goods and Services Tax (GST) concessions on electric vehicle, electric chargers and hiring of electric vehicles, to an officers committee.
Income Tax Return (ITR) Filing 2019-20 Last Date, Penalty: Anyone who misses filing the ITR before their respective deadline will have to pay a penalty. While earlier there was no fine on delayed ITRs, the government in 2017 announced a fine for the same.
Ease of getting registered on the GeM platform has to be ensured so that public sector banks, PSUs, ministries and departments of the state governments and local bodies at the district level are able to procure from GeM easily and smoothly, according to the minister.
With this, the Sensex has fallen 818 points in the last two days, largely on the FPI tax worries. On Friday, led by a sell-off in auto and banking stocks, the 30-share index plunged 560.45 points or 1.44 per cent to settle at 38,337.01.
In a paper presented at the India Policy Forum in New Delhi, Subramanian begins by arguing that in the period between 2011 and 2016, the Indian economy was hit by a series of shocks which should have negatively impacted economic activity.
While replying to a discussion on the Finance Bill, Sitharaman said the Budget proposals will promote Make in India and a ‘less-cash’ economy. The Bill was later passed by the Lower House by voice vote.
A top policy maker in the NDA government told The Indian Express that the surcharge will have the “most deleterious” impact on investments in the country and push out unicorns and discourage the inflow of high quality human capital that India was just beginning to attract.
Chinese leaders have stepped up spending and bank lending to keep growth within this year's official target range of 6% to 6.5% and avert politically dangerous job losses. But they face an avalanche of unexpectedly bad news including plunging auto sales.