By ADITYA RAJ DAS / NEW DELHI The All India Tax Advocates Forum (AITAF) has urged the Delhi Government to withdraw forthwith the recently introduced revised return forms for assessees filing Value Added Tax (VAT) returns as these sets of new forms are causing untold harassment and difficulties to tax payers. “The recently introduced revised … Continue reading AITAF urges Delhi Govt to withdraw revised return forms for VAT assesses
India has formally ratified the WTO’s trade facilitation agreement, which aims at easing customs procedures to boost commerce. Commerce and Industry Minister Nirmala Sitharaman said in Geneva last night that the move will supplement India’s ongoing reforms to bring in simplification and enhanced transparency in cross border trade in goods. India’s WTO ambassador Anjali Prasad … Continue reading India ratifies WTO’s trade facilitation agreement
Market Regulator SEBI has sought inputs from mediators trading in commodity derivatives on new products as well as widening the markets by bringing in more participants such as foreign investors. In a meeting with commodity brokers and participants held in Mumbai on Friday, SEBI Chairman U K Sinha discussed various issues to deepen the commodities … Continue reading SEBI seeks inputs from mediators trading in commodity derivatives
Our Correspondent Central government has decided to provide subsidy on Tur and Urad for distribution of pulses by States at retail price of not more than Rs.120 per kg. For this, unmilled Tur dal is being allocated @ Rs.66 per kg and unmilled Urad dal @ Rs.82 per kg to the States, providing a subsidy … Continue reading Govt provides subsidy of Rs 25 crores to contain prices of pulses
India has replaced China as the top Foreign Direct Investment (FDI) destination. According to FDI Intelligence, a division of international media company – The Financial Times Limited, India was the highest-ranked country by capital investment last year, with 63 billion dollars-worth of FDI projects announced. The report said, the Make in India campaign and the … Continue reading India replaces China as top FDI destination
Warning against being euphoric about India being the fastest-growing economy, RBI Governor Raghuram Rajan said the country has a long way to go before it claims to have arrived. Stating that the per-capita income of Indians remains lowest among BRICS nations, Rajan said, the country needs to repeat its economic growth performance for 20 years. … Continue reading RBI Guv warns against euphoria over fastest-growing tag
European Union (EU) states have agreed to work towards setting up a joint blacklist of tax havens in the wake of the Panama Paper leaks. At a meeting in Brussels yesterday, 28 EU Finance ministers gave their political endorsement for setting up the list. The ministers also agreed to automatically exchange information on the beneficial … Continue reading Panama Paper: EU agrees to set up joint blacklist of tax havens
Punjab Government today released Rs 2612.50 crore for payment of procured wheat during the current Rabi Marketing Season. Food and Civil Supply Minister of Punjab, Adesh Pratap Singh Kairon said in Chandigarh that all transactions have been electronically documented and payments disbursed. The Minister also said that today onwards the transactions will be done regularly … Continue reading Punjab wheat procurement crosses 65 lakh mt
AMN / New Delhi More than 1 crore LPG consumers have given up their cooking gas subsidies during past one year, informed Petroleum and Natural gas Minister Dharmendra Pradhan here today. The minister said that since Prime Minister Narendra Modi made a call to the rich people to give up the subsidies in March last … Continue reading One crore LPG consumers gave up subsidies
AMN / The Centre has decided to release 10,000 metric tonnes of pulses, mainly Tur and Urad, from buffer stock to ensure their availability at reasonable prices. Food and Consumer Affairs Ministry said in a release that the government has requested States to avail the benefit and utilize the available stocks for managing the prices … Continue reading Centre to release 10,000 metric tonnes of pulses from buffer stock
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