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Industry News
 
  • India-US defence relations: Four takeaways from Ashton Carter's talks with Manohar Parrikar
  • Tata Sky picks IBM's mobile solutions for its mSales app
  • Finance Ministry brings out new 3-page income tax forms; last date of filing returns extended to August 31
  • India signs global pact to exchange information on financial accounts
  • India leads emerging economies in growth chart: World Bank
  • Why 'Make in India' should be complemented with participation in global art shows & upgrade of design ecosystem
 
Policy Update
 
GST beneficial to States, Centre (Chief of empowered panel of finance ministers says he is hopeful of meeting April 2016 deadline)

"The Goods and Services Tax will be mutually beneficial for both the states and the Centre. I am hopeful of all stake-holders arriving at an amicable negotiated decision on the implementation of the GST regime within the 1, April, 2016 deadline", said Kerala's Finance Minister K M Mani, the newly appointed chairman of the empowered committee of state finance ministers on GST.

I look forward with hope. I am aware that most of the states are aware of the benefits they will get from GST. Of course, there is also different perspective as far as the producing and non-producing states are concerned. But all stake-holders are also aware that the GST will help the states that have, otherwise, no powers to levy taxes on services and the Centre which has no powers to levy sales taxes.
 
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Awards 2015