An extended timeline to meet the capital needs under the norms would provide the necessary breather to banks to lend more while they grapple with several issues, it said.
It is unlikely that the government would want to tinker with the GST structure and introduce any slab higher than 28 percent. But if it decides to bring it under GST, it will be at a huge cost.
India's nationwide GST taxed bunker fuel sales at 18 percent when it was implemented on July 1. The GST replaced state value-added taxes that were typically between zero and 5 percent.
The latest results are critical for investors, marking the first quarter since the rollout of a national goods and services tax (GST) on July 1 and coming amid a wider retreat in share markets on investor concern about stocks being overvalued.
Nearly all deepsea drilling rigs are imported while a bulk of ones used in shallow waters to drill wells to probe and produce oil and gas are also of foreign origin.
जीएसटी से छोटे कारोबारियों को टैक्स नियमों के जाल से मुक्ति मिलेगी और वे एक ही टैक्स कोड के तहत आसानी से अपने सभी रिटर्न फाइल कर सकेंगे।
The Prime Minister’s Economic Advisory Council (EAC-PM) will hold its first meeting on Wednesday, amid a sense of urgency about the state of the economy. The mandate of the council is to analyze all critical issues, economic or otherwise, and advise the PM accordingly.
Consumer inflation is forecast to have risen to 3.60 percent in September from a year ago, above August's 3.36 percent, the poll of 36 economists showed.
The International Monetary Fund yesterday also lowered India's growth projection to 6.7 per cent in 2017, 0.5 percentage points less than its previous two forecasts and slower than China's 6.8 per cent.
The latest IMF report lowered India's growth projection to 6.7 per cent in 2017, 0.5 percentage points less than its previous two forecasts and attributed it to demonetisation and introduction of the GST.
As a result, growth is expected to slow from 8.6 per cent in 2015 to 7.0 per cent in 2017. Sound policies around balancing public spending with private investment could accelerate growth to 7.3 per cent by 2018, the World Bank said in its South Asia Economic Focus, a biannual economic update.
Disruptions arising from Demonetisation and GST (Goods and Services Tax) have further delayed the capex or capital expenditure by companies till FY20, according to a report by India Ratings and Research.
The GST law provides for constitution of anti- profiteering authority. "A mechanism has been put in place in Haryana to check any unauthorised profiteering committed by taxpayers in the name of GST," he further said.
Speaking at the India Energy Forum by CERAWeek, he said the country's expanding middle class represents a growing source of demand, not just for energy but for goods and services from around the world.
India can become a much cleaner and bigger economy among the emerging economies as it has the capacity to implement bold decisions and scale them up efficiently, Finance Minister Arun Jaitley said.
Small business may be languishing on the ground but suddenly it has become the most potent constituency.
Jaitley, who is on a week-long visit to the US to attend the annual meetings of the International Monetary Fund and World Bank, said under the GST the government has unveiled attractive schemes to ensure that the non-compliant in India become compliant.
Given the robust growth and increase in input prices, there could be a surge in prices for the cars to that extent going forward, according to Mahindra & Mahindra's Group Chief Financial Officer V S Parthasarathy.
"With the Goods and Services Tax (GST) in place, giving separate exemptions to anyone is not possible," the government source said.
According to DBS, incoming high-frequency data are likely to improve. The index of industrial production for August -- due this week -- is poised to extend gains from July's 1.2 per cent, said DBS in its daily economic report today.
Twitteratti took a slice of fun out of the GST relaxation announcements on various items by Finance Minister Arun Jaitley on Friday
The decision to protest was taken as last minute negotiations with the government did not materialise, Harish Sabharwal, Additional Vice President (North) of the All India Motor Transport Congress (AIMTC), told News18.com.
A look at top cues from domestic and international cues that could have a bearing on D-Street.
The GoM will also look into the proposal to reducing GST rates on air-conditioned restaurants from 18 percent to 12 percent.