Producers should get a tax refund for the expenses incurred during exploration and production of natural gas till the time the fuel comes under the GST net, Baru said in his letter.
The Reserve Bank of India is soon likely to issue clarifications on the guidelines for peer-to-peer (P2P) lending platforms relating to the lending limits, trusteeship and other operational norms.
More than four months after the launch of GST, the industry has pitched for an inclusion of natural gas in the new indirect tax regime so as to help producers contain cost and aid in moving towards a gas-based economy.
Suresh Prabhu on Thursday expressed confidence that exports will gather momentum going forward as the economy is on course to double to USD 5 trillion and become the third largest in the world, over the next few years.
The product offers Rs 2 lakh to Rs 50 lakh, across only 4 variants.
The government has prepared a proposal to offer 200 basis points cut on the GST payable in all for business-to-consumer (B2C) transactions that take place digitally to push digital transactions under GST regime.
The general insurance company has a major portion of the business coming in from motor.
The Central Board of Excise and Customs (CBEC) last month said that businesses with turnover up to Rs 1.5 crore are exempt from deducting Goods and Services Tax (GST) on advance payment for supply of goods.
Jaitley made this comment before a gathering of investors while highlighting various achievements like ease of doing business ranking by the World Bank.
After excluding large education projects of over 10,000 units, the market still grew 10.9 per cent year-on-year, IDC said.
While demonetisation dampened petrol demand growth to 3 per cent in the January-March quarter, slowest in the past decade, the growth will recover in the first quarter of 2018 to around 9 per cent, said the research and consultancy firm.
According to Flexing It, a platform for independent consultants and flexible management talent in India and South East Asia, 'mature leaders' with 16-20 years of professional experience command highest payouts, with 50 per cent charging over Rs 23,000 per day and 25 per cent charging as high as Rs 74,000.
Now exporters of services who paid IGST and those making zero rated supplies to SEZ units as well as those merchant exporters who want to claim refunds for input credit can approach their jurisdictional commissioner with their refund form.
"Opening of exports of all types of pulses will help the farmers dispose of their products at remunerative prices and encourage them to expand the area of sowing," IT and Law Minister Ravi Shankar Prasad said, who briefed the media after the Cabinet meet chaired by Prime Minister Narendra Modi here.
"Therefore I believe that, now that the monsoon has also been good, the food prices may come down rather than further rise," the former governor of the RBI told PTI.
While the Centre said that the price of sanitary napkins would increase if they are exempted from GST, the court gave the Centre one month's time to respond.
Paytm customers can get access to instant credit for everyday use-cases ranging from movies to bill payments to flights to physical goods
Addressing investors at the Morgan Stanley annual conference here on 'India: Structural Reforms and Growth Path Ahead', Jaitley talked about the "massive" economic reforms undertaken by India.
All the consuming states are showing revenue shortfall of around 25 percent. Once that gets compensated as the system stabilises, we expect a much better revenue performance in the months to come, Haseeb Drabu, Finance Minister, J&K told CNBC-TV18.
According to the plan, a total of Rs 15,000 crore will be invested in the first phase which is expected to create more than 1.5 lakh jobs.
The Oil Ministry said it has received multiple complaints about non-credit of LPG subsidy amount to their bank accounts.
The benchmark yield closed 3 basis points down at 7.02 percent after having ended Tuesday at a 14-month high of 7.05 percent.
SEBI chairman Ajay Tyagi on Wednesday called for bringing more farmers into the futures trading by linking them with commodity exchanges.
If bindi, sindoor and kajal are kept out of the ambit of the GST, why cannot the sanitary napkins, which is an essential item be exempted, the Delhi High Court on Wednesday asked the Centre.
With lower GST rates coming into force from Wednesday, Consumer Affairs Minister Ram Vilas Paswan directed state enforcement officers to ensure that benefits are passed on to consumers.