-The Hindu Business Line Scars on agriculture supply chain remain a pain point for commodity prices Bengaluru: A year after demonetisation, the cash-intensive agriculture sector is yet to fully recover from the impact. Cash continues to be the preferred instrument for rural and farm transactions, while alternatives such as cheques and bank transfers are seen making their presence felt in some quarters. The cautious agri-trade is still seen struggling with inventory management, as the...
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One year after demonetisation: Credit card use up but balance due surges by 39 per cent -George Mathew
-The Indian Express In fact, card outstandings have shot up by 77.74 per cent in the last two years, from Rs 33,700 crore in September 2015. Mumbai: Nearly A year after demonetisation, credit card usage has seen a sharp rise with outstandings rising 38.7 per cent during the 12 months ended September 2017. The total credit card outstandings - money spent by card holders and not repaid to the card company or...
More »Gujarat farmers unlikely to benefit from sops doled out by State govt -Rajalakshmi Nirmal
-The Hindu Business Line Costs, prices, credit issues are a challenge, just as in other States Ahead of the Assembly elections, the Gujarat government has announced a slew of measures to woo rural voters. This includes waiver of GST on equipment used in micro-irrigation, 0 interest on loans up to ?3 lakh for farmers, and a bonus of ?500 per quintal on cotton. But these sops are not likely to make farmers in...
More »Exclusion of farm tractors from category of 'non-transport vehicles' will hit farmers: Swaraj India
-The Hindu Business Line New Delhi: The Centre’s decision to exclude agricultural tractors from the category of ‘non-transport vehicles’ will have “severe implications” on the already distressed farmers of the country, said Swaraj India, a party founded by Yogendra Yadav and Prashant Bhushan, after breaking away from the Aam Aadmi Party. In a memorandum submitted to the Road Transport Minister Nitin Gadakri, the party has demanded more time for submission of objections...
More »Govt planning steps to ease GST compliance burden on SMEs: Hasmukh Adhia -Gireesh Chandra Prasad
-Livemint.com The simplification process may result in some readjustment of GST rates, including a possible reduction in tax of some items that are in the highest tax slab of 28% New Delhi: Policymakers are considering steps to ease the compliance burden related to the goods and services tax (GST) on small businesses and to make product classification for taxation less complicated, said revenue secretary Hasmukh Adhia. The simplification process may result in some...
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