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Compensation cess on tobacco likely to be eliminated by December

New Delhi, Sept. 5 -- The vestige of the compensation cess, which will continue on tobacco and tobacco-related items under the new Goods and Services Tax (GST) regime even after September 22, when mos... Read More


Anti-profiteering body not set up as ease of business given priority

New Delhi, Sept. 5 -- The government did not form an anti-profiteering body to penalise non-transmission of GST rate cuts to the consumer on the industry's assurance and in line with the philosophy of... Read More


Comprehensive govt scheme soon to aid exports cope with crisis due to US tariffs

New Delhi, Aug. 31 -- The government is preparing a comprehensive export support strategy with immediate measures to counter the liquidity crisis triggered by 50% US tariffs, after stakeholders identi... Read More


India hopes to resume US trade discussions

New Delhi, Aug. 29 -- India and the US are continuing discussions on several bilateral issues, and New Delhi is hopeful that the two partners will soon resume formal trade talks - once there is a reso... Read More


GST Council to discuss rationalisation of 12%, 18% slabs

New Delhi, Aug. 23 -- A two-day meeting of the Goods and Services Council will be held on September 3-4 in New Delhi to discuss the three-pillar GST reforms proposed by the centre, including ratonalis... Read More


PSBs write off rRs.r12 lakh crore since FY16, NPAs drop to 2.58%

New Delhi, July 23 -- Public sector banks (PSBs) have written off over Rs.12 lakh crore worth of loans since 2015-16, even as they saw their gross non-performing asset (NPA) ratio plunged from 9.11% o... Read More


Parliamentary panel suggests unambiguous income-tax rebate provisions

New Delhi, July 22 -- A parliamentary panel on Monday suggested that the government make income-tax rebate provisions unambiguous and spare small taxpayers from mandatorily filing returns to claim ref... Read More


Indian team in US next week for trade talks

New Delhi, July 11 -- India and the US may soon initiate phase two of their trade talks to conclude the first tranche of a proposed bilateral trade agreement, covering sectors such as services, rules ... Read More


'Won't rush on trade deal to meet deadline'

New Delhi, July 5 -- India will not hurry into signing a free trade agreement under pressure from any deadline, commerce minister Piyush Goyal said on Friday, when asked whether a deal could be reache... Read More


rRs.r95k cr surplus likely in GST compensation fund

New Delhi, June 27 -- The Goods and Services Tax (GST) compensation fund may have about Rs.95,000 crore as surplus at the end of its extended tenure on March 31, 2026, even after paying in full dues o... Read More