ECONOMY
In India, an alcoholic beverage manufacturer needs 50 brand registrations to sell 5 products in 10 states!
The process of getting a label registered may take anywhere between 30-60 days.
INDIA
A better farmer-miller relationship can fetch higher prices for sugarcane: Report
"The complicated pricing mechanism has resulted in rising farmer dues. The miller alone cannot be held responsible for this," the report said.
BUSINESS
In India, an alcoholic beverage needs to be registered separately in every state of sale
The report identifies three interconnected sectors – sugar, alcoholic beverages, and tourism. The three specific sectors were chosen as all the three sectors are co-dependent
BUSINESS
India has invited RCEP-negotiating countries to discuss ways for a better trade deal: Piyush Goyal
Commerce and Industry Minister Piyush Goyal said India would keep the interests of its domestic industry paramount before signing a 16-member Asia-Pacific trade pact.
ECONOMY
To plug GST evasion, government may soon launch e-invoice provision
Businesses with a turnover exceeding a particular amount will have to generate electronic invoice either on a government portal or on the Goods and Services Tax (GST) portal.
BUSINESS
April GST collection expected to be highest ever at Rs 1.15 lakh crore
As many as 7.595 million GSTR 3Bs (summary returns) were filed till 31 March for February, against 7.348 million a month.
ECONOMY
Finance Ministry gives approval to set up a board to bring out a comprehensive gold policy
The board will regulate gold, silver, platinum, palladium and various other commodities that the government notifies.
BUSINESS
Cryptocurrency is a ponzi scheme and should be banned: Government official
The government had formed a panel under Finance Secretary Subhash Chandra Garg to draft regulations for cryptocurrencies last year.
ECONOMY
New CEA Subramanian's first Eco Survey may suggest big regulatory changes to solve agrarian distress
This is one of the bigger ideas that the economic survey this year would concentrate on - how to use technology and reduce regulations to bring markets closer to the farmers
ECONOMY
Economic Survey may give policy prescriptions for energy, logistics
This will be the first survey of authored by new Chief Economic Adviser (CEA) Krishnamurthy Subramanian and his team
ECONOMY
US opposition to India's 'developing country' tag unlikely to hold water
US has claimed that several members that have moved up on economic and social ladders are still enjoying preferential trade treatments
BUSINESS
RBI to seek EC nod for replacing quashed Feb 12 circular with new guidelines
The Supreme Court had quashed the earlier NPA resolution rules, also known as "February 12 circular", terming it as "ultra vires". The central bank may bring back previous restructuring programmes like the Sustainable Structuring of Stressed Assets or S4A
POLITICS
Manifestos: A look at how both BJP and Congress are trying to woo middle-class voters with tax proposals
In its 2019 election manifesto, Congress has promised to implement DTC within the first year of forming the government.
ECONOMY
GST: Affordable housing may have multiple definitions to reflect prevailing property prices across states
Council to consider changes after Lok Sabha elections. Some states such as Maharashtra, Delhi and Gujarat wanted the price cap to be raised from Rs 45 lakhs, given property were costlier in these regions
ECONOMY
Finance minister Arun Jaitley says that the government will stick to the fiscal glide path if voted back to power
As per the current medium-term fiscal policy, which is part of the 2019-20 interim budget, the fiscal deficit target for 2019-20 is 3.4 per cent, and 3 per cent for both 2020-21 and 2021-22
BUSINESS
SC verdict on RBI Feb 12 circular: Power Secy sees scope for better resolution of stressed assets
The February 12 circular had asked lenders to institute a board approved policy for the resolution of stressed assets
POLICY
Old debt restructuring schemes like S4A may be brought back: Govt official
"Supreme Court order on RBI's circular does not limit govt powers to give directions to PSU (public-sector undertaking) banks in resolving NPAs (non-performing assets)," the official said.
BUSINESS
Govt to borrow Rs 4.42 lakh crore via G-Secs in H1 FY20
DEA Secretary Subhash Chandra Garg said government will introduce a new seven-year benchmark paper in FY20
INDIA
Government launches blockchain-based marketplace for coffee trading
The blockchain technology is expected to reduce the number of layers between coffee growers and buyers and help farmers double their income.
ECONOMY
Cautious finance ministry takes careful steps to avoid EC ire
The government had scheduled a press conference to announce the H1 borrowing calendar for FY 20, but cancelled it at the last moment because of the model code of conduct
ECONOMY
Industrial policy back to drawing board as disagreements persist
The industrial policy, which was billed as a comprehensive rule book aimed to turn India into a friendlier business destination, was initially set for launch last year
BUSINESS
Fintech companies can help financial inclusion: RBI Governor Shaktikanta Das
Das will also be meeting the heads of payments bank later this week to understand their issues and concerns.
BUSINESS
Naveen Jindal expects steel demand to pick up on global cues
On being asked if Jindal Steel and Power is looking for acquisitions, he said he is not interested in any company at the moment.
BUSINESS
PMO, FinMin and SBI in a huddle as Jet Airways hits deep air pocket
"Banks are trying to work out a way to revive Jet Airways through a change in management," said a top official on condition of anonymity.
