-Livemint.com Tax collections from goods and services tax (GST) have been underwhelming, and the government is set to miss this year’s fiscal deficit target Mumbai: Widening the tax base and collecting more taxes has been a priority for the current government at the centre. This government’s two major economic disruptions—the introduction of goods and services tax (GST) and demonetisation—were justified in the name of raising tax compliance among other things. However, these...
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Make in India has become Assemble in India for Chinese mobile phones -Vineet Sachdev, HT
-ThePrint.in Chinese firms have started assembly in India but as yet import telecom parts substantially from home country, govt study shows. New Delhi: India imported $6.3 billion worth of mobile phones from China in 2014, the year Narendra Modi became the country’s prime minister. This number has declined continuously and reached $ 3.3 billion in 2017 according to a study conducted by the ministry of commerce and industry. This would suggest that the...
More »Host Of Private Companies, Organisations Shut Out Of Aadhaar, But Identity Law Stands -Tish Sanghera & Chaitanya Mallapur
-India Spend Mumbai: Private entities cannot demand Aadhaar data to authenticate identity. Individuals must be allowed to file complaints against the use of their data. Information can be accessed for matters of national security only when a judicial officer such as a sitting High Court judge has sanctioned it. These were the highlights in a series of landmark rulings by India’s Supreme Court as it ruled against the use of an...
More »What ails the Indian banking sector? -Pronab Sen
-Livemint.com The problem escalated due to the government’s focus on infrastructure during 2002-09, especially with the efforts made to promote public-private partnerships The past two years or so have seen rapidly increasing stress in the Indian banking sector, with non-performing assets (NPAs) steadily climbing from under 3% to over 13% of total assets. Loan-loss provisioning for NPAs has seriously eroded the capital base of several banks, limiting their ability to make further...
More »Centre bans 328 combination drugs in setback for pharma companies
-PTI The president of the Indian Drug Manufacturers' Association said the order would have an impact on a market worth an estimated 16 billion rupees a year for such drugs, which are produced by both small and large pharma companies. New Delhi: The Indian government has banned 328 combination drugs in a blow to both domestic and foreign pharmaceutical firms, but the ban has been cheered by health activists worried about growing...
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