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E-commerce term may be misinterpreted in GST; fear commodity exchanges may be brought in: ASSOCHAM

E-commerce term may be misinterpreted in GST; fear commodity exchanges may be brought in: ASSOCHAM

The scope of the e-commerce definition as given in the Goods and Services dispensation has been left so wide that it could go well beyond Amazon or Flipkart marketplace platforms and may even cover the commodity exchanges, the ASSOCHAM has said, seeking a clarity from the government so as to remove uncertainty among businesses as the GST is set for a roll out.

826 housing projects in India facing delay of up to 4 years: Report

826 housing projects in India facing delay of up to 4 years: Report

Much to the discomfort of home buyers, as many as 826 housing projects in the country are facing long delays of about three to four years, a study said.

Notes ban to have positive impact on economy: Report

Notes ban to have positive impact on economy: Report

The government's demonetisation move has led to widespread adoption of online payment and is expected to have a positive long term impact on the economy, according to a report.

Enough funds for road building, orders worth Rs. five lakh crore signed, says Nitin Gadkari

Enough funds for road building, orders worth Rs. five lakh crore signed, says Nitin Gadkari

With the National Highway Authority of India having received a mandate from the Budget to raise Rs. 70,000 crore through infrastructure bonds and easy availability of low cost overseas loans for the AAA rated NHAI, the government`s road and highway building programme has enough cash to build the crucial infrastructure, Road Transport, Highway and Shipping Minister Nitin Gadkari has said.

Link BPO promotion scheme with direct tax benefit: ASSOCHAM plea to Govt.

Link BPO promotion scheme with direct tax benefit: ASSOCHAM plea to Govt.

Apex industry body ASSOCHAM has suggested the Union Government to link the India business process outsourcing promotion scheme (IBPS) with direct tax benefit."Government should allow assesses to claim depreciation on assets funded by subsidy under the IBPS," highlighted an ASSOCHAM pre-budget recommendation submitted to the Centre.

Firming of crude prices in global markets will impact fuel prices in India: ASSOCHAM

Commenting on inflation and its impact on fuel prices, industry chamber ASSOCHAM on Monday said the firming of crude prices in the global markets will impact the fuel prices in India.

Digital India? 950 million Indians do not have Internet, says study

Digital India? 950 million Indians do not have Internet, says study

In what could come as a big surprise despite the government's 'Digital India' initiative and the recent pust for digital payment following the demonetisation move, a new study has found that 950 million Indians do not have the Internet.

Prospects of rate cut affected as dollar, crude rise: ASSOCHAM Paper

Prospects of rate cut affected as dollar, crude rise: ASSOCHAM Paper

Due to continuous pressure on rupee against dollar, prospects for cut in the policy rates by the RBI mabe be adversely affected.

 

Rajnath Singh pitches for incentives in defence manufacturing

Rajnath Singh pitches for incentives in defence manufacturing

Israeli and Chinese companies seek to come to India and make investment for the purpose of defence production. 

 Demonetisation:  Assocham urges for higher cash withdrawal limit for transporters

Demonetisation: Assocham urges for higher cash withdrawal limit for transporters

In the wake of the November 8 demonetisation of high value currency, industry chamber Assocham on Sunday urged the government to increase the cash withdrawal limit for logistic and transport fleet owners since they need cash for meeting their expenses.

Bankruptcy Code can potentially free Rs 25,000 cr in NPAs in 5 years: Assocham

Bankruptcy Code can potentially free Rs 25,000 cr in NPAs in 5 years: Assocham

Proper implementation of the Insolvency and Bankruptcy Code, 2016 can potentially free about Rs 25,000 crore capital locked up as non-performing assets (NPAs), or bad loans, over the next four-five years, Assocham said on Monday.

Banks be allowed to hire ex-staff for speedy currency swap: Assocham

Banks be allowed to hire ex-staff for speedy currency swap: Assocham

Government should allow banks to hire retired bank employees on a massive scale for a speedy currency swap and cash withdrawal in the wake of junking of big denomination currency notes, industry body Assocham said.

Overweight kids in Delhi-NCR are more prone to diabetes: ASSOCHAM study

Overweight kids in Delhi-NCR are more prone to diabetes: ASSOCHAM study

As per the findings, about 72 percent urban children don`t exercise regularly. Obesity is also a common factor and it has grown over 65 percent among the children.

India Inc. seeks policy continuity under Donald Trump

India Inc. seeks policy continuity under Donald Trump

Besides congratulating Republican Donald Trump as US President-elect, India Inc. hopes key policies that have bought the two countries closer in recent years will continue under him, with better access to Indian skilled labour and merchandise.

GST rollout: Council asked to remove anomalies across sectors

GST rollout: Council asked to remove anomalies across sectors

A paper submitted to the GST Council, scheduled to meet November 3-4, has suggested that sharp anomalies in the taxation structure across different industries such as telecom, tobacco and textiles should be addressed as the country moves towards the goods and services tax (GST) regime.

Do not levy cess but hike GST rate by 1-2%, ASSOCHAM tells Arun Jaitley

Do not levy cess but hike GST rate by 1-2%, ASSOCHAM tells Arun Jaitley

Industry chamber Assocham has made a pitch to Finance Minister Arun Jaitley not to levy cess, but hike GST rate by 1-2 percent to garner additional resources to compensate states for any revenue loss on rollout of the new regime from April next year.

'Traffic jams resulting in Rs 200 crore fuel loss in cities'

'Traffic jams resulting in Rs 200 crore fuel loss in cities'

Traffic congestion on eve of Diwali costs a bomb in terms of both time and money thereby leading to loss of fuel worth up to Rs 200 crore as vehicular movement comes to a near standstill on roads across major cities in India, noted a quick ASSOCHAM analysis.

Diwali: Ban or no ban, spark goes missing from cracker sales

Ban on import and sale of Chinese crackers has had little or no effect on domestically-made ones as traders across major cities report poor business owing to anti-cracker campaign run by schools, resident welfare associations and others, Assocham said today.

Diwali 2016: Cash, coupons most sought after gifts, says ASSOCHAM study

Diwali 2016: Cash, coupons most sought after gifts, says ASSOCHAM study

While 45 per cent of office workers want cash or gift coupons or vouchers, 35 per cent prefer gadgets, electronic items, home appliances, utensils and other such things for personal use or for their households.

Warned on likelihood of bank card fraud: Assocham

Warned on likelihood of bank card fraud: Assocham

Following the unprecedented security breach reported earlier this week that has "compromised" card data of many private and state-run banks, industry body Assocham on Sunday said it had earlier cautioned about such frauds.