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Economy

No initial impact of GSP withdrawal on exports to US; but need to watch for clear trend: EEPC India

No initial impact of GSP withdrawal on…

New Delhi, July 30 (KNN) The termination of the Generalised System of Preferences (GSP) by the US in the first week of June does not seem to have an "overly…

To become a $5 trillion economy, India needs greater engagement with the US, says Minister Hardeep Puri

To become a $5 trillion economy, India…

New Delhi, July 30 (KNN) For becoming a $5 trillion economy, India needs greater engagement with the US, said Hardeep Puri, Minister of State for Commerce…

Hiring of electric buses by local authorities exempted from GST

Hiring of electric buses by local authorities…

New Delhi, July 27 (KNN) The Government has exempted hiring of electric buses by local authorities from Goods and Service Tax (GST), said Finance Ministry.

Export related charges will be revised; charges to be bifurcated for MSME and non-MSME customers: SBI

Export related charges will be revised; charges…

Bengaluru, July 26 (KNN) The country’s largest public sender lender, State Bank of India (SBI) has revised their export related service charges in…

Rajya Sabha sitting extended till Aug 7

Rajya Sabha sitting extended till Aug 7

New Delhi, July 26 (KNN) Budget session of Parliament, which was to end on Friday, has been extended till August 7 to help transact essential government…

Limit for collateral free lending should be increased to Rs 20 lakh for MSMEs, SHGs: RBI Committee

Limit for collateral free lending should be…

New Delhi, July 25 (KNN) A Committee constituted by Reserve Bank of India (RBI) has recommended revision of collateral free lending limit for Micro Small…

India at 52nd position in Global Innovation Index 2019

India at 52nd position in Global Innovation…

New Delhi, July 24 (KNN) The Union Minister for Commerce and Industry Piyush Goyal has launched Global Innovation Index (GII) 2019. It has ranked India…

No tax invoice required for goods brought back to India within 6 months post export promotion events

No tax invoice required for goods brought…

New Delhi, July 23 (KNN) Entities taking goods out of India on consignment basis for exhibitions or other export promotion events will not have to generate…

 Changes made in GSTR-3B return filing

Changes made in GSTR-3B return filing

New Delhi, July 22 (KNN) The Ministry of Finance has updated the GSTR-3B form as the taxpayers, while filing the return in FORM GSTR-3B for a given tax…

Banks drag govt to court over GST charge of Rs 18,000 crore

Banks drag govt to court over GST…

New Delhi, July 22 (KNN) Majority of banks have dragged the Government to the court for levying service tax and GST (goods and services tax) on services…

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