The Central Statistics Office data shows that India grew at a rate of 7.2% in the December quarter (Q3) as compared to 6.3% in the second quarter (July-September) due to picking up growth in manufacturing and Service sectors. The number is a respite for an economy recovering from after effects of note ban and GST …
Finance Minister Shri Arun Jaitley presents general Budget 2018-19 in Parliament. Budget guided by mission to strengthen agriculture, rural development, health, education, employment, MSME and infrastructure sectors. Government says, a series of structural reforms will propel India among the fastest growing economies of the world. IMF, in its latest Update, has forecast that India will …
At the OECD Headquarters in Paris, Mahess Rawoteea of the Ministry of Finance and Economic Development of Mauritius, signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the MLI) in the presence of Douglas Frantz, OECD Deputy Secretary-General. Based on expressed reservations at this point in time, …
The Indian economy is expanding at a fast pace, boosting living standards and reducing poverty nationwide. Further reforms are now necessary to maintain strong growth and ensure that all Indians benefit from it, according to a new report from the OECD. The latest OECD Economic Survey of India 2017 finds that the acceleration of structural …
This is the first time in Indian history that Union Budget has been announced one month in advance. This decision is made to complete the legislative process for approval of annual spending plans and tax proposals in chartered accountant firms in mumbai before beginning of the new financial year on April 1. -Govt. proposes …
Government is trying its every best to make India “A digital Economy”. It seems as India is on the edge of a massive digital revolution. Promotion of a digital economy is an integral part of Government’s strategy to clean the system and weed out corruption and black money. There are not many changes in current …
As per notification issued by Ministry of Labour and Employment dt. 22nd December, 2016, in exercise of the powers conferred by section 95 of the Employees’ State Insurance Act, 1948, the Central Government, after consultation with the Employees’ State Insurance Corporation, hereby makes the following rules further to amend the Employees’ State Insurance (Central) Rules, …
India’s success in making firms such as Samsung, Xiaomi, and Micromax to locally produce phones could become a cropper, once the Goods and Services Tax (GST) comes into effect, as the new expats taxation regime could neutralise the cost benefits to make these phones in India in taxation services for expatriates Since the last two …
A mid currency crunch, the government is mulling over bringing in an ordinance to amend the payment of wages Act for allowing business and industrial establishments to pay salaries through Cheques or by electronic modes. “The government may bring an ordinance to amend Payment of Wage Act, 1936, to nudge employers of certain industries to …
Ravi Shankar Prasad, minister of electronics and information technology, has given a week to mobile telephone service providers for a plan on how to increase cashless transactions, sources said. At a meeting on Friday, Prasad apparently met representatives from Jio, Airtel, Idea, Vodafone and BSNL, among others. Apart from promoting of digital payments, the minister …