-PTI SC had said that the government cannot enforce sale of mineral water on their MRPs in hotels and Restaurants as the Standards of Weights and Measures Act, 1976 does not apply The government will file a review petition in the Supreme Court against an order allowing hotels and Restaurants to charge higher price than the MRP on mineral water, Consumer Affiars Minister Ram Vilas Paswan said on Saturday. "In relation with the...
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Bank depositors' interests will be protected, assures PM
-The Hindu Business Line Blames UPA for NPA mess; says industry bodies should have been more vigilant New Delhi: Prime Minister Narendra Modi did not mince words when he addressed industry captains at the 90th Annual General Meeting of the Federation of Indian Chambers of Commerce and Industry here on Wednesday. In a speech that lasted slightly over 45 minutes, Modi put to rest all concerns pertaining to use of individuals deposits for...
More »GST rate cut: Union Cabinet gives nod, monitor will guard against profiteering -Aanchal Magazine
-The Indian Express The authority will have the power to cancel registration of any entity or business if it fails to pass on the benefit of lower taxes under the GST regime to consumers. New Delhi: THE UNION Cabinet on Thursday approved the setting up of a National Anti-Profiteering Authority, a body with an overarching mandate to ensure that the reduction in tax rates under the new Goods and Services Tax (GST)...
More »With Prices Rising Post-GST, Has the Government Taken the Public for a Ride? -Arun Kumar
-TheWire.in The Goods and Services Tax (GST) is awfully complex and has confused not only businesses and the public, but also the government. Have prices of goods and services risen because the implementation of the Goods and Services Tax (GST) is faulty or because it was not designed properly? Eighteen percent GST is levied on the food in a Restaurant. This has raised the cost of eating out. Is this what was...
More »Govt bans practice of dual MRP at airports, malls -Bella Jaisinghani
-The Times of India MUMBAI: The Union ministry of consumer affairs on Thursday decided to ban the 'dual' MRP policy, a practice through which sellers charge a higher MRP for their products in certain spaces like malls, airports and hotels. As per the order, which comes into force starting January 1, 2018, companies will not be allowed to charge a different price for water, soft drinks or snacks at premium locations. The decision...
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