India’s retail inflation eases to 1.54% in June
New Delhi, July 12 (IANS) India’s retail, or consumer price index (CPI) based, inflation in June fell to 1.54 per cent, as compared to 5.77 per cent in the same month of last year, official data showed here on Wednesday. The June retail inflation rate fell even as compared to May when it prevailed at […]
Assocham seeks review of GST rates for agricultural inputs
New Delhi, July 12 (IANS) Industry lobby Assocham on Wednesday urged the government to lower the Goods and Services Tax (GST) rates for select agricultural inputs, failing which use of chemical fertilisers will get a boost. “Higher GST in this segment will directly promote chemical use, thereby leading to an increase in green house gas […]
Airtel plans Rs 2,000 cr customer interactivity programme
New Delhi, July 10 (IANS) Leading telecom operator Airtel has launched ‘Project Next’, a digital programme which, it says, will transform customer experience across all its services, with an investment of Rs 2,000 crore over the next three years. “We plan to invest Rs 2,000 crore over the next three years to launch several digital […]
Nepali delegation to visit India for GST talks
Kathmandu, July 10 (IANS) Concerned about the apprehended impact on Nepal’s commercial and trading activity due to the introduction of the Goods and Services Tax (GST) in India, a high-level government delegation from Nepal will be holding talks with Indian government officials in New Delhi on Tuesday. A 15-20 member team, led by Ravi Shankar […]
Sensex off record highs in range-bound trade
Mumbai, Jul 7 (PTI) The benchmark Sensex today retreated from its record high by ending lower by 9 points in a range- bound session but recorded gains for the week on GST boost and monsoon progress. The 30-share BSE index, which had closed at a record high of 31,369.34 yesterday, traded in the negative terrain for […]
GST: KTM cuts prices of its models by up to Rs 8,600
Bajaj Auto on Thursday said its Austrian arm KTM has reduced the prices of bikes in India by up to Rs 8,600 to pass on the GST benefit to customers. Ex-showroom prices of the sub 350cc KTM range including the 200 Duke, RC 200 and 250 Duke have been reduced by up to Rs 8,600 […]
Real benefit of GST will be visible in 12-18 months
The goods and services tax (GST) has caught the nation’s fancy — which is somewhat unprecedented for a change in tax regime. However, despite all the efforts made by the government to demystify GST, people continue to be anxious (and confused) about whether the tax will be a game changer for every household. My aim […]
GST not to affect U-17 World Cup ticket prices
Kolkata, July 4 (IANS) While the sports sector overall has been impacted by the July 1 rollout of the Goods and Services Tax (GST) with equipment cost and price of entry tickets for tournaments attracting up to 28 per cent tax, the FIFA U-17 World Cup tickets would not be affected, according to Local Organising […]
GST shouldn’t impinge upon trade with India: Nepal
Indo Asian News Service Kathmandu, July 4 : Expressing concern that the revolutionary Goods and Services Tax (GST) regime adopted by India will adversely impact trade and transit between Kathmandu and New Delhi, land-locked Nepal — majorly dependent on bilateral trade with India — has sought guarantees that the new tax system does not impinge […]
Sensex cheers GST, up 300 points after India’s biggest tax reform
July 03, 2017 The BSE Sensex rose nearly 1 per cent on Monday heading for a third straight session of gains. The Sensex zoomed 300.01 points to close at 31,221.62; Nifty gained 94.10 points to 9,615. This comes in the backdrop of India on Saturday rolling out its biggest tax reform, replacing more than […]
