GST may have single standard rate between 12-18 percent: Jaitley
New Delhi, Dec 24 (IBNS): Union Finance Minister Arun Jaitley on Monday said his government is working towards developing a single national sales tax rate.
Rates of over 100 goods under GST 28 per cent tax rate reduced, more changes expected
Guwahati, Nov 10 (IBNS): The Goods and Services Tax (GST) Council, which has been holding its two-day meeting in Guwahati, reduced the tax rate of nearly 175 items from 28 per cent; however, 50 luxury and 'sin' goods, including tobacco, will remain in the highest slab, according to media reports on Friday.
GST Council reduces rates for 66 items in latest meeting
New Delhi, Jun 12 (IBNS): Items like insulin, cashew nuts, pickles, school bags and several other items are set to get cheaper with the Goods and Services tax (GST) Council reducing the tax of 66 items, according to media reports on Monday.
PM Modi inaugurates African Development Bank Annual Meeting in Gujarat's Gandhinagar
Gandhinagar, May 23 (IBNS): Prime Minister Narendra Modi, on Tuesday, inaugurated the Annual Meeting of the African Development Bank, in Gandhinagar, Gujarat.
Low tax benefits must be passed on to consumer at large, says FM Arun Jaitley
New Delhi, Apr 28 (IBNS): Union Finance Minister Arun Jaitley, while addressing CII's Annual Meeting in New Delhi on Friday said that benefits of the growth should percolate down to the most poor sections of the society.
Five MOUs likely to be inked at the annual meeting of the New Development Bank
New Delhi, Mar 31 (IBNS): The second Annual Meeting of the New Development Bank (NDB) began in New Delhi on Friday with the Meeting of its Board of Directors.
New Delhi, Feb 1 (IBNS): Union Finance Minister Jaitley said that the pace of construction of Pradhan Mantri Gram Sadak Yojana, (PMGSY) roads has accelerated to reach 133 km roads per day in 2016-17, as against an average of 73 km during the period 2011-2014.
Budget 2017: Five new special tourism zones proposed
New Delhi, Feb 1 (IBNS): Finance Minister Arun Jaitley while presenting the Budget 2017 on Wednesday said that five special tourism zones will be created over the next financial year, according to media reports.
Jaitley begins Budget 2017 Speech, says demonetisation will improve GDP
New Delhi, Feb 1 (IBNS): Indian Finance Minister Arun Jaitley began presenting the Union Budget 2017 at 11 am on Wednesday batting for the demonetisation policy of PM Modi after initial confusion on whether the budget would be postponed owing to the death of a lawmaker.
Becton, Dickinson & Co says Union Budget exudes optimism
New Delhi, Feb 29 (IBNS): Varun Khanna, Managing Director- BD (Becton, Dickinson & Co) India, a medical technology company, on Monday said Arun Jaitley's Union Budget exudes optimism and provides some encouraging measures to help India towards rural development, infrastructure, tax reforms, and structural transformation.
Nissan welcomes Union Budget's focus on maintaining fiscal deficit
New Delhi, Feb 29 (IBNS): Guillaume Sicard, President, Nissan India Operations on Monday welcomed Arun Jaitley's Union Budget for it's focus on maintaining fiscal deficit, agriculture, infrastructure development and recapitalizing of PSU banks.