AMN / MUMBAI Civil Aviation Minister Suresh Prabhu has said that the NDA Government is working on a blueprint for the domestic manufacturing of aircraft and also looking at aircraft financing from within the country. Talking to media at the Global Aviation Summit 2019 in Mumbai on Tuesday, Minister said, the country needs 2,300 new … Continue reading Govt working on domestic aircraft manufacturing policy: Suresh Prabhu
WEB DESK The Indian Rupee today plunged by another 13 paise to close at one-month low of 71.05 against the US dollar amid strengthening greenback and surging crude oil prices. At the Interbank Foreign Exchange, the rupee opened weaker at Rs 70.79 then lost further ground and fell to a low of 71.15 against the … Continue reading Rupee plunges further, settles below 71-level against Dollar
SUDHIR KUMAR / NEW DELHI Communist Party of India (Marxist) has opposed what it called the harmful exercise of merger of banks and calls upon the government to desist from such moves. It has expressed deep concern over the ‘un-seemly haste’ with which the government of India has been going ahead with the merger/amalgamation process … Continue reading CPI (M) asks Govt to Stop Merger of Public Sector Banks
AMN / NEW DELHI Inflation based on wholesale prices fell to an 8-month low of 3.80 per cent in December 2018, on softening prices of fuel and some food items. The Wholesale Price Index (WPI)-based inflation stood at 4.64 per cent in November 2018, and 3.58 per cent in December 2017. According to the government … Continue reading Wholesale inflation falls to 3.80% in December
AMN Bihar Deputy Chief Minister Sushil Kumar Modi will head the seven-member Group of Ministers (GoM) to look into the revenue shortfall being faced by states following the roll out of Goods and Services Tax (GST). The GST Council, headed by Finance Minister Arun Jaitley, had decided to set up the GoM at its meeting … Continue reading Sushil Modi to head GoM on GST revenue shortfall faced by states
AMN / Mumbai Vice President M. Venkaiah Naidu inaugurated the 25th edition of Partnership Summit 2019 here today. Governor of Maharashtra C. Vidyasagar Rao and Union Commerce Minister Suresh Prabhu, and other dignitaries were present on the occasion. New India Rising to Global Occasions is the theme of the inaugural session of the Summit. In … Continue reading VP Naidu inaugurates 25th edition of Partnership Summit 2019
WEB DESK Former bureaucrat Ashok Chawla Friday evening resigned as chairman of the National Stock Exchange with immediate effect, the bourse said, hours after the CBI said the Centre has granted sanction to prosecute him in the Aircel-Maxis case. “Mr. Ashok Chawla has resigned as Public Interest Director/Chairman of the Board of Directors of the … Continue reading Ashok Chawla quits as NSE chief; CBI to prosecute him
Kerala Allowed to Impose 1% Cess for 2 Years. GST Council doubled GST exemption limit to Rs 20 lakh for north eastern states and Rs 40 lakh for the rest of the country AMN / NEW DELHI In a bid to lessen the burden on small businesses, the GST Council today doubled the exemption … Continue reading Govt Doubles GST Exemption Limit for SMEs
AMN / NEW DELHI While appreciating the Union Finance Minister Arun Jaitley for leading the GST tax reforms in the Country today’s decision of GST Council are remarkable and ample testimony of the fact that the Government is alive to the problems of small traders and sincerely & seriously wish to resolve the same-said the … Continue reading CAIT welcomes today’s decision on GST
Revenue will augment-consumers will take bills AMN / NEW DELHI On the eve of GST Council meeting, the Confederation of All India Traders (CAIT) in a communication sent today to Union Finance Minister Arun Jaitley has suggested to levy three stage GST instead of current multi-stage GST and the taxes subsumed in value of … Continue reading CAIT pitches for three stages GST taxation system
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