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  • Parliamentary panel asks govt to come up with a separate price index for services sector Pointing that the current price indices fails to capture the ground reality, a Parliamentary panel has asked the government to come up with a separate price index for the services sector, which could accurately factor in and reflect the rising costs of different services in the economy, enabling the... Full Article | 12:39 PM 20-Mar-2017
  • Govt mulling proposal to shuffle heads of some PSU banks In a bid to resolve the issue of bad loans, the government is mulling a proposal to shuffle the heads of some public sector lenders, including IDBI Bank. There is a proposal for exchanging of MD level position in banks which is being looked into. The Appointments Committee of the Union Cabinet,... Full Article | 11:23 AM 20-Mar-2017
  • Revenue department to study impact of GST on inflation In order to minimise price rise after the launch of Goods and Services Tax (GST) regime, the revenue department is going to work out the impact of GST on inflation before the fitment committee starts fixing rates for various goods and services. Besides, the department has said that it will work on... Full Article | 11:18 AM 20-Mar-2017
  • Cabinet to approve GST supporting legislations In order to implement the country’s biggest tax regime from July 2017, the Union Cabinet is likely to take up the approval of four supporting legislations—the Compensation Law, the central GST (CGST), integrated GST (IGST) and Union Territory GST (UTGST) on March 20, which will then be introduced in... Full Article | 10:38 AM 20-Mar-2017
  • Government to consider FDI relaxation in multi-brand retail policy In order to attract more funds and generate more jobs, the government is considering the option of permitting foreign supermarket players to open retail stores but only for sale of ‘Made in India’ products, as it looks to relax the norms for multi-brand retail. The FDI policy also imposes several... Full Article | 09:24 AM 20-Mar-2017
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