The Goods and Services Tax law will boost domestic demand, create more opportunities for domestic business and drive job creation, Prime Minister Narendra Modi said today.
Zee Media Bureau
New Delhi: The government is likely to announce the much awaited Dearness Allowance for government employees just before Diwali.
The Euro 7.87 billion deal inked by India and France for the purchase of Rafale aircraft cannot be bettered, government sources reiterated, rejecting allegations that New Delhi paid an excessive price for the multi-role fighters.
Using the analogy of surgical strikes, Prime Minister Narendra Modi on Saturday wondered what would have happened if the government had adopted similar strategy in the recent campaign against blackmoney, which unearthed Rs 65,000 crores.
India hopes to reach a deal with Britain for facilitating short-term visas for Indian students, academicians and businessmen during Prime Minister Theresa May’s visit, Acting High Commissioner to the UK Dinesh Patnaik has said.
Morocco`s state-owned Office Cherifien de Phosphate (OCP) and the Indian firm KRIBHCO have announced the construction of a new $230 million fertilizer plant in Andhra Pradesh, the media reported on Saturday.
In a move aimed at checking any possibility of leakage of information through hacking of communication devices, Union ministers have been asked not to carry mobile phones in Cabinet meetings.
Pitching for making India an important commercial arbitral centre, Finance Minister Arun Jaitley on Friday said efforts are being made to revive the arbitration centres in Mumbai and national capital with a view to expedite contractual dispute resolution at lesser cost.
Quoting sources in the Finance Ministry, media reports said that the committee is waiting to be called by Jaitley for submission of its reports.
Multilateral lending agency World Bank and India on Friday signed a USD 650-million loan agreement for the Eastern Dedicated Freight Corridor (EDFC).
Railway Board officials briefed a Parliamentary panel on the implications of the government's decision to merge the railway budget with the general budget.
Global airlines' body IATA has sought an "abated" rate of GST on flight tickets, saying the tax burden on the aviation sector was already high and the GST regime should conform to global standards and principles.
Government will soon come out with a comprehensive capital goods policy to create an ecosystem for a globally competitive sector leveraging concepts such as smart manufacturing, automation and IoT.
Campaigns calling for boycott of Chinese products have impacted sales of those items by up to 40 percent here with many people preferring to buy India-made products only during their festive shopping.
For 50 percent of the seats of flights under UDAN, the fare cap will be Rs 2,500, and the rest will be market-based pricing.
The Directorate General of Central Excise Intelligence (DGCEI) has detected and seized massive records of black money to the tune of Rs 2,300 crore at a secret office of a Kanpur-based iron and steel products maker.
Underlining the need to improve the business environment in India in order to ensure greater investment inflow, US Trade Representative Michael Froman on Thursday said certain areas in the Indian economy like retail and financial services needed further opening up.
Future Group CEO Kishore Biyani and other retailers on Thursday demanded a level-playing field for brick-and-mortar stores vis-a-vis e-commerce players.
The proposed 4-tier GST structure may hit the common man as it is likely to result in higher taxes on various items including kitchen staples such as edible oils, spices and chicken.
Moody's Investors Service on Thursday said PPP model in India's infrastructure needs to be developed further to attract more private investment for the sector that would help propel growth.