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  Business   Economy  24 May 2017

Business, Economy, 24 May 2017

Govt nod to public procurement policy for local goods

20 per cent margin of purchase preference for local suppliers in procurement of more than Rs 50 lakh.

24 May 2017 8:18 PM

Realtors differ over GST's impact on housing prices

Exemption from service tax on construction of low-cost houses not being continued under GST.

24 May 2017 8:10 PM

Govt abolishes FIPB, new mechanism for FDI approval on anvil

India embarked on its first market reforms in 1991, in a departure from decades of socialist planning.

24 May 2017 7:02 PM

I-T dept unearths 400 benami deals, attaches Rs 600-cr properties

Crackdowns form part of tax dept's efforts to implement new Benami Act to ensure visible outcomes.

24 May 2017 6:49 PM

GST impact on air travel to be marginal: ICRA

GST on business class air travel has been announced to be 12 pc, which is 3 pc more than the existing service tax rate.

24 May 2017 5:40 PM


GST Council may review steep levy on hybrid cars

Incidence of GST on mid and large-sized hybrid cars has been kept at same level as passenger cars.

24 May 2017 4:56 PM

GST execution from July 1 a challenge for industry: Assocham

GST will provide a huge fillip to the industry in the medium to long term as the tax compliance.

24 May 2017 4:36 PM

Sorman calls demonetisation a 'successful political coup'

Prime Minister Narendra Modi on November 8 last year had announced demonetisation of Rs 1,000 and Rs 500 notes.

24 May 2017 4:20 PM

3 yrs of Modi govt: Digital economy to cross $1-trn mark

IT Minister Ravi Shankar Prasad says main focus would be on services and offerings in digital space.

24 May 2017 3:56 PM

GST to add 40 bps to growth rate; won't stoke inflation: HSBC

New GST regime is expected to make the Reserve Bank of India more relaxed about lingering inflation fears.

24 May 2017 3:36 PM


Moody's cuts China credit rating over rising debt

Chinese economic growth fell from 14.2 per cent in 2007 to 6.7 per cent last year.

24 May 2017 1:23 PM

Decision on 30 pc House Rent Allowance likely today

Empowered Committee of Secretaries to discuss today allowance structure for central govt employees.

24 May 2017 1:15 PM