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GST Council told to revisit products under 28% slab

Sunday, 18 Jun 2017 | PTI | New Delhi | in Sunday Pioneer

A day before the GST Council meet, traders’ body CAIT on Saturday demanded re-visiting the items put in 28 per cent slab and confine the top tax bracket to only luxury and demerit goods. The all powerful GST Council, headed by Union Finance Minister Arun Jaitley and comprising state finance ministers,...

Assocham to Jaitley: Defer GST rollout as IT network not ready

Sunday, 18 Jun 2017 | PTI | NEW DELHI | in Sunday Pioneer

Industry chamber Assocham on Saturday demanded postponing GST implementation, saying that taxpayers will find it difficult to comply with the provisions of the new indirect tax regime as the IT network is not yet ready. In a letter to Finance Minister Arun Jaitley, Assocham said existing assessees have not yet migrated...

Textile industry for lower GST on man-made fibre

Sunday, 18 Jun 2017 | PTI | NEW DELHI | in Sunday Pioneer

The textile industry on Saturday asked the GST Council to consider reducing the tax rate on man-made fibres, filaments and yarns to 12 per cent from 18 per cent. The Southern India Mills’ Association (SIMA) also demanded inclusion of garments in the 5 per cent bracket under the Goods and...

Task Force on employment data to submit report soon

Sunday, 18 Jun 2017 | PTI | New Delhi | in Sunday Pioneer

The task force on employment data headed by NITI Aayog Vice-Chairman Arvind Panagariya is likely to finalise recommendations next week, an official said on Saturday. The Prime Minister’s Office last month constituted the task force to suggest solutions for having timely and reliable employment data for policy making. The Prime...

Tata Sons to buy out Tata Steel’s stake in TMs

Sunday, 18 Jun 2017 | PTI | New Delhi | in Sunday Pioneer

Tata Sons will acquire Tata Steel's around 2.85 per cent stake in the group’s auto venture Tata Motors (TMs) on or after June 23. Tata Sons will buy about 8.36 crore shares of Tata Motors held by Tata Steel at or around the prevailing price of the stock on the...

Complete consensus sought before GST implementation by J&K Government

Sunday, 18 Jun 2017 | PTI | SRINAGAR | in Sunday Pioneer

The Jammu and Kashmir Government on Saturday termed GST as a ‘good tax reform’ but said it will not push for its implementation till the time there is complete consensus on the issue. “Government is willing to introduce GST in the state with ample safeguards as this tax reform will...

‘Common man will not be burdened under GST’

Sunday, 18 Jun 2017 | PTI | KAKINADA | in Sunday Pioneer

Andhra Pradesh finance minister Yanamala Ramakrishnudu on Saturday said the forthcoming uniform tax regime GST will not lead to any additional burden on the common man but will in the long run help the Centre and the states to increase revenue. “Adequate measures have been taken to ensure that...

RBI initiates PCA against BoM as NPA mounts

Sunday, 18 Jun 2017 | PTI | NEW DELHI | in Sunday Pioneer

The Reserve Bank has initiated Prompt Corrective Action (PCA) against Pune-based Bank of Maharashtra (BoM) in view of high level of bad loans and negative return on assets. BoM has become the sixth state-owned lender to be put under the PCA. This is to inform that the Reserve Bank of...

CM: Rs700 cr worth of Momentum Jharkhand proposals implemented

Sunday, 18 Jun 2017 | PTI | JAMSHEDPUR | in Sunday Pioneer

Out of the Rs3 lakh crore investment proposals that came during the Momentum Jharkhand investors meet in February, Rs700 crore have already been implemented on the ground, state Chief Minister Raghubar Das said here on Saturday. “MoUs worth Rs3 lakh crore was signed during the Momentum Jharkhand’ meet. Out of which,...

‘Mobile data consumption rose 142% in last 3 yrs’

Sunday, 18 Jun 2017 | PTI | NEW DELHI | in Sunday Pioneer

Mobile data consumption per subscriber in India has risen by 142 per cent in the last three years, NITI Aayog CEO Amitabh Kant on Saturday said. “Significant progress in digital access: During 2014-17, India has seen a 142 per cent year-on-year increase in mobile data consumption per subscriber,” Kant...


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One more farmer commits suicide

24 Jun 2017 | Staff Reporter | Bhopal

A farmer committed suicide in Chhatarpur district, allegedly due to over burdened with debt. While the family of Raghuvir Yadav, (27) alleged that he took the extreme step due to his mounting debt, the police said a family dispute led him to end his life...

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