May 04, 2021 07:28 PM IST
Many states, including Delhi, Punjab and Chhattisgarh, want GST to be exempted temporarily on devices such as ventilators, concentrators, and life-saving drugs like Remdesivir.
- May 03, 2021 08:06 PM IST
While drugs like Remdesivir, Tocilizumab, Favipiravir and others are exempt from customs duties as well as IGST, there is still no clarity on the GST they would attract when manufactured in India.
- May 03, 2021 07:20 PM IST
In the recent state elections, the BJP's tally in West Bengal has been restricted to 77 out of the total 293 seats. It also failed to win a seat in Kerala and had a worse- than-earlier result in Assam, winning 60 seats. But the party won a series of by-elections in seats across Karnataka, Gujarat, Madhya Pradesh, and Maharashtra. along with four seats in Tamil Nadu.
- April 30, 2021 05:40 PM IST
In January, the United Nations Conference on Trade and Development had said that India's FDI inflows had jumped 13 percent to $57 billion in calendar year 2020, mostly boosted by investment in digital economy and start-ups.
- April 30, 2021 05:26 PM IST
However, after posting contraction in as many as eight months of FY21, the cumulative output of the core sector industries fell by 7 percent in the previous financial year.
- April 30, 2021 05:13 PM IST
The council noted that India could successfully produce two vaccines and there are many candidates at the various stages of approval and induction. More than 16 crore vaccinations have been done as on date.
- April 30, 2021 04:38 PM IST
The loans include Rs 5,000 crore to incentivise states to monetise their assets and divest their PSUs.
- April 30, 2021 01:44 PM IST
The crisis began in late 2020 due to a sharp mismatch in import and export volumes, port congestion across the Asia Pacific region due to Covid-19, and restrictions on trade
- April 30, 2021 08:51 AM IST
The developed economies have not involved the private sector in their vaccination programmes
- April 29, 2021 11:02 PM IST
The IMC Chamber of Commerce and Industry is organizing the 2-day Indo-US Partnership Vision Summit 2021 with participation from industry and government of both countries.
- April 29, 2021 06:16 PM IST
Somanathan, Economic Affairs Secretary Ajay Seth, DFS Secretary Debashish Panda and DIPAM Secretary Tuhin Kanta Pandey are all from the 1987 batch of the Indian Administrative Service. But Somanathan had a higher rank in his batch, when he stood second in the All India exams. This is a deciding factor between officers of the same batch.
- April 29, 2021 02:20 PM IST
A massive logistics operation is underway at Delhi, Mumbai and other airports to quickly facilitate the large amount of incoming bilateral aid from all over the world. Sources say more assistance is expected to be announced by other nations over the next few days.
- April 27, 2021 03:43 PM IST
Customs authorities are running the extra mile to quickly clear emergency medical equipment to help stressed hospitals that are running out of oxygen supply. Clearance is much faster now, even though many importers say customs procedures remain very cumbersome.
- April 27, 2021 01:10 PM IST
As a deadly second wave of COVID-19 continues, Nepal has also requested ventilators, oxygen cylinders and medical supplies from India. Though Nepal has approved a Chinese vaccine, it is not recognised by the WHO and there are concerns over its safety and efficacy.
- April 25, 2021 06:46 PM IST
Former CEA Arvind Subramanian said that centre should bear entire cost of vaccine procurement by state. Other economists partly agree and say that part of the Rs 35,000 crore vaccination budget should be shared with states
- April 23, 2021 03:27 PM IST
Industry tells government that more handholding is required to clear tax related confusion on the ground. Also calls for tax compliance deadline to be extended.
- April 20, 2021 05:54 PM IST
Official figures show that in just the first three quarters of 2020-21, 9294 MT of oxygen was exported from the country, more than double the 4502 MT exports in the previous year. The vast majority of Oxygen headed to neighboring nation Bangladesh.
- April 16, 2021 04:17 PM IST
The difference of opinion has especially widened on whether the dire situation at hand requires the government to provide direct funding to the largest vaccine maker in the world.
- April 16, 2021 12:29 PM IST
The regulator also plans to allow subscribers who join after 60 years of age to continue their NPS accounts till 75.
- April 15, 2021 07:15 PM IST
Taking into account March figures, India's cumulative exports in 2020-21 are now expected to be $290.63 billion, down from $314 billion in the previous financial year.
- April 15, 2021 02:10 PM IST
The government’s net indirect tax revenues jumped 12.3% in 2020-21 despite the economic contraction in the first half of the fiscal year.
- April 15, 2021 12:41 PM IST
Fuel inflation jumped by 10.2 percent jump in March, after rising just 0.6 percent in February. Further pushed up by a 7.3 percent rise in manufacturing prices and a continuing uptick in food prices, wholesale inflation reached near-record levels in March.
- April 13, 2021 12:32 PM IST
Moody's further predicted that the GDP was still likely to grow in the double digits in 2021, given the low level of activity in 2020.
- April 13, 2021 12:18 PM IST
Out of the total provisional indirect tax collections, custom duty collections came in at Rs 1.32 lakh crore, excise and service tax collections came at Rs 3.91 lakh crore, while the net GST collection for the centre stood at Rs 5.48 lakh crore.
- April 12, 2021 05:36 PM IST
The combined food price inflation rose to 4.94 percent in March, as compared to 3.87 percent in February.