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Economy

GST Council approves levy of 1% ‘calamity cess’ for Kerala to overcome the effects of flood-hit state

GST Council approves levy of 1% ‘calamity…

New Delhi, Jan 7 (KNN) A ministerial panel under the GST Council approved levy of 1% ‘calamity cess ’ for Kerala to fund rehabilitation work…

Govt is targeting to mop up Rs 11.16 lakh crore as indirect tax collection in Apr-Nov

Govt is targeting to mop up Rs…

New Delhi, Jan 5 (KNN) The government is targeting to mop up Rs 11.16 lakh crore as indirect tax collection from levy of Central and Integrated GST and…

Extension of interest subsidy scheme to merchant exporters will help them promote outbound shipments: Prabhu

Extension of interest subsidy scheme to merchant…

New Delhi, Jan 4 (KNN) Extension of 3% interest subsidy scheme to merchant exporters will help them promote outbound shipments, Commerce Minister Suresh…

CBIC allows businesses to correct error or omission in filing final sales return, ITC benefit

CBIC allows businesses to correct error or…

New Delhi, Jan 4 (KNN) In its latest order, Central Board of Indirect Taxes (CBIC) has allowed businesses to correct any error or omission…

Key achievements and measures taken in year 2018 by govt to push MSME sector

Key achievements and measures taken in year…

New Delhi, Jan 3 (KNN) In a bid to highlight the key achievements and measures taken throughout the year 2018 to push the India’s Micro, Small…

Union cabinet approves three way consolidation of banks

Union cabinet approves three way consolidation of…

New Delhi, Jan 3 (KNN) The Union Cabinet chaired by Prime Minister Narendra Modi has approved the scheme for amalgamating Bank of Baroda, Vijaya Bank and…

RBI allows one-time restructuring of existing debt up to Rs 25 crore for defaulted MSMEs

RBI allows one-time restructuring of existing debt…

New Delhi, Jan 2 (KNN) The Reserve Bank of India (RBI) allowed a one-time restructuring of existing debt up to Rs 25 crore for Micro, Small and Medium…

Traders demand loan waiver in line with waivers to corporates & farmers

Traders demand loan waiver in line with…

New Delhi, Dec 24 (KNN) Prompted by continuous loan waiver of corporate sector and big Industry and now of farmers, the Confederation of All India…

RBI to set up PCR to capture details of all borrowers and willful defaulters

RBI to set up PCR to capture…

New Delhi, Dec 24 (KNN) In order to capture details of all borrowers and willful defaulters, the Reserve Bank of India (RBI) will set up a wide-based…

GST Council slashes rates of 33 items; 28% slab now applicable to only 34 items

GST Council slashes rates of 33 items;…

New Delhi,  Dec 22 (KNN) The Goods and Services Tax (GST)  Council on Saturday slashed the rates of 33 items which includes some consumer…