Finance Minister Nirmala Sitharaman has launched doorstep banking services by public sector banks. The services will be rendered by doorstep banking agents deployed by selected service providers at 100 centres across the country. This is part of EASE — Enhanced Access and Service Excellence — reforms that Department of Financial Services undertook in 2018. … [Read more...] about Big Story | FM launches doorstep banking facility; how will this move benefit customers?
Why custom duty is indirect tax
For instance, the Advanced Ruling Authority (AAR), Maharashtra, held in the case of VServ Global that back office support services do not qualify as export and hence liable for 18 percent GST. It was upheld by the Appellate Authority for Advance Ruling, Maharashtra. … [Read more...] about Industry seeks government intervention on disputes on classification of IT-BPM services as ‘intermediary’
The continued regulatory reforms in bond markets ensure improved ease of access for investors. There are tax exemptions to ‘Sovereign Wealth Funds’ and ‘Pension Funds’ for Infrastructure investment. FDI into India rose by 20 percent in 2019. This when global FDI inflows fell by 1 percent. This shows the success of our FDI regime. All of the above steps will ensure a brighter and more prosperous tomorrow. They will also contribute to a stronger global economy. … [Read more...] about Full text of PM Modi’s speech at US-India Strategic Partnership Forum
Another clause, which could have significant impact on private train operations, is the establishment of a regulator for fare disputes. While bidders have been asking for an independent regulatory authority, IR continues to pooh-pooh the need for any such authority. Responding to a bidder’s query on this issue, IR has once again said that in the private train project, the concessionaire will have the right to determine the fare/any other charges to be paid by users. … [Read more...] about Private trains: Now, a single bidder can win all 12 train clusters
Goyal also assured that India will always protect its agriculture, dairy, MSMEs and domestic local industries and "do a balanced (trade) deal". India's exports to the US are growing rapidly and withdrawal of export incentives by the US under GSP (Generalised System of Preferences) has not impacted the country's outbound shipments to America. … [Read more...] about India has given very good, balanced offer to US for proposed limited trade deal: Piyush Goyal