Finance Minister
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Cabinet notifies constitution of GST Council
The Cabinet has cleared the process, formation and functioning of the Goods and Services Tax (GST) Council, which will decide on the rate of tax under the new indirect taxation regime.
The Cabinet, headed by Prime Minister Narendra Modi, has approved the...
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The earlier GST bill is passed, the better for states: Arun Jaitley
Government on Tuesday urged the Rajya Sabha to pass the GST bill expeditiously to enable states get a share of the Service Tax which is not shared under the provisions of 14th Finance Commission.
"As per the 14th Finance Commission,...
Latest News
CAIT for 'less cash' economy instead of cashless economy
In the wake of recommendations of SIT on black money seeking a total ban on cash transaction of above Rs. 3 lakh and further recommending an upper limit of Rs.15 lakh for cash holding, the Confederation of All India...
Retail
Gujarat to levy tax on e-commerce transactions
With an aim to provide a level playing field for traders and retailers in the state, the state of Gujarat on Thursday passed a bill to levy an entry tax on goods purchased through e-commerce portals.
The tax, levied on the entry of...
Shopping Centres
General Budget and What it means for the Retail Real Estate Industry
Where real estate is concerned, the Finance Minister (FM) has proposed some pragmatic and much required changes in FDI policies for the real estate sector in the maiden Union Budget 2014-15. Towards that, the minimum requirement of the built...
Retail
Partial excise rollback fails to bring relief
Referring to the 10 per cent excise levy on the branded apparel, Finance Minister Pranab Mukherjee has now proposed a revised 10 per cent excise duty on 45 per cent of the MRP for all the branded apparel, instead...
Fashion & Lifestyle
Duty Drawback Rates
The Apparel Export Promotion Council (AEPC) said that the industry is deeply disappointed by the 15 percent reduction in duty drawback rates. In the Union Budget for 2010-11, there was a sharp increase in duties on most input materials...
Retail
Finance minister inaugurates MobileStore in Karaikudi
Union Finance Minister P Chidambaram today inaugurated The MobileStore in Karaikudi in Tamil Nadu.
Speaking to media at the launch, Rajiv Agarwal, CEO and director of The MobileStore, said: “Our entry in Karaikudi indicates the growth trajectory of the economy...
Retail
Food prices will come down soon: Chidambaram
“Food prices will come down sooner than others... we expect food prices to moderate," Finance Minister P Chidambaram told media on the sidelines of a an event organised by the Federation of Karnataka Chambers of Commerce and Industry. "Inflation...
Retail
Kamal Nath supports import duty cut for luxury items
“Luxury is not a product, but an emotion that has aspirers and admirers. India will be a huge market for luxury goods and it will engage the world in terms of globalisation,” said Union Commerce and Industry Minister Kamal...
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The Luxottica report card for 2022
A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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