GST rollout: Assam to close all check gates within 45 days
Jul 03, 2017, at 03:20 am
Guwahati, July 2 (IBNS) : After Goods and Services Tax (GST) rollout, Assam government has decided to close all check gates in the state within next 45 days.
GST: Hero MotoCorp reduces prices by upto Rs 1800 across models
Jul 02, 2017, at 11:32 pm
New Delhi, July 2 (IBNS): Automobile major Hero MotoCorp has welcomed GST regime and even announced slashing of prices by upto Rs 1800 across models.
We are ready for Goods and Services Tax: SBI chairman
Jul 02, 2017, at 03:58 am
New Delhi, July 1 (IBNS): Within a day after the launch of one taxation system, State Bank of India chairman Arundhati Bhattacharya said the bank is ready for the Goods and Services Tax (GST) on Saturday.
Tata Motors passenger vehicles sales impacted by consumer sentiments pre-GST
Jul 02, 2017, at 02:17 am
New Delhi, July 1 (IBNS): Mixed consumer sentiments in June 2017 towards the implications of GST have impacted the passenger vehicles business sales, while the commercial vehicles business grew on month-on month basis, due to BS4 production ramp-up, Tata Motors said on Saturday.
Maruti Suzuki passes on GST benefits on vehicles to customers
Jul 01, 2017, at 10:15 pm
New Delhi, July 1 (IBNS): Car manufacturer Maruti Suzuki India Limited on Saturday announced that the company has passed on the entire benefit of GST rates on vehicles to its customers.
GST rate on fertilizers reduced in the interest of farmers, says minister Ananth Kumar
Jul 01, 2017, at 10:05 pm
New Delhi, Jul 1 (IBNS): Union Minister for Chemicals & Fertilizers, Ananth Kumar, said on Thursday that it was decided to reduce the GST rate of fertilizers from the existing 12% to 5% at the18th meeting of the GST Council, held on June 30, 2017 .
Maruti Suzuki India sells 394571 units in the quarter April-June
Jul 01, 2017, at 10:02 pm
New Delhi, July 1 (IBNS):Car manufacturer Maruti Suzuki India Limited, leader in passenger vehicles, on Saturday said it sold a total of 394571 units in the quarter April-June 2017, growing 13.2% over the same period of last fiscal.
President Pranab Mukhjeree, PM Modi roll out historic GST reform
Jul 01, 2017, at 05:45 am
New Delhi, June 30 (IBNS): Stating that India is all set to embark on a new journey, President Pranab Mukherjee and Prime Minister Narendra Modi on Friday midnight rolled out the historic Goods and Services Tax (GST) regime in the Parliament.
Introduction of GST is a momentous event for the nation: President Pranab Mukherjee
Jul 01, 2017, at 05:38 am
New Delhi, June 30 (IBNS): Indian President Pranab Mukherjee on Friday said the introduction of the GST is a 'momentous event' for the nation.
GST to give a fillip to country’s economy: Assam CM
Jul 01, 2017, at 03:25 am
Guwahati, June 30 (IBNS) : Assam Chief Minister Sarbananda Sonowal said the Goods and Services Tax being rolled out at 12.01 am tonight would bring about a paradigm shift in the entire indirect tax system by replacing most of the indirect taxes of Centre and States with a single point single tax which would benefit the consumers of the country as well as Assam.
Investments worth $291 bn needed to plug water demand-supply gap in India: Study
Jul 01, 2017, at 03:16 am
New Delhi, June 30 (IBNS): The widening gap between demand for water and its supply is estimated to reach as high as about 50 per cent by 2030 and plugging this huge gap would need an additional investment of about $291 billion (bn), noted a just-concluded ASSOCHAM-PwC joint study.
Pave way for domestic participation on corporate bond market: ASSOCHAM study to SEBI, RBI
Jul 01, 2017, at 03:15 am
New Delhi, June 30 (IBNS): Market regulator Securities and Exchange Board of India (SEBI) should pave way for more domestic participation in the Indian debt market which may witness less of foreign investors' interest, following hike in rates by the US Federal Reserve, according to an ASSOCHAM Study on Bond Market.
GST on fertilizer reduced from 12pct to 5 pct, says govt
Jul 01, 2017, at 02:59 am
New Delhi, June 30 (IBNS): In a major decision, the government on Friday decided to reduce fertilizers from 12% to 5% & on exclusive parts of tractors from 28% to 18%.
Yes Bank launches ‘YES GST’ program to assist MSMEs become GST-Ready
Jul 01, 2017, at 02:12 am
Mumbai, June 30 (IBNS): Yes Bank along with YES Global Institute has launched ‘YES GST’ program for MSMEs under its MSME CSR initiative, ‘Say YES to Sustainable MSMEs in India’.
GST rollout heralds dawn of cooperative federalism: Dr Jitendra Singh
Jul 01, 2017, at 02:03 am
New Delhi, June 30 (IBNS): Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh said that GST midnight rollout heralds the dawn of cooperative federalism, at an interactive programme of Healthcare Leaders’ here on Friday.
Dena Bank reduces Marginal Cost Based Lending Rate
Jul 01, 2017, at 01:24 am
Mumbai, June 30 (IBNS): Dena Bank, India’s trusted family bank has reduced Marginal Cost Based Lending Rate (MCLR) by 5 basis points for 3months, 6 months & 1 year tenors from July 1.
GST is a transformational structural reform which will have multiple benefits: Kochhar
Jul 01, 2017, at 12:51 am
New Delhi, June 30 (IBNS): Chanda Kochhar, MD and CEO, ICICI Bank on Friday said implementation of GST will have multiple benefits.
Jul 01, 2017, at 12:44 am
Mumbai, Jun 30 (IBNS): While the nation eagerly waits for the unrolling of the GST at the stroke of midnight on Friday, the Indian market ended higher, with the BSE Sensex up 64.09 points at 30921.61 and the NSE Nifty up 16.80 points at 9520.90.
ICICI Bank authorised to collect GST
Jul 01, 2017, at 12:28 am
Mumbai, June 30 (IBNS): ICICI Bank, India’s largest private sector bank by consolidated assets, today announced that it has been authorised by the Ministry of Finance to collect Goods and Service Tax (GST).
GST will create a single national market says KPMG Chairman Arun Kumar
Jun 30, 2017, at 10:25 pm
Kolkata, Jun 30 (IBNS): GST is a historic tax reform, which will create a single national market by replacing multiple indirect taxes levied at different levels, said Arun Kumar – Chairman and CEO at KPMG in India, on Friday.
GST roll out: Looking back at how it all happened
Jun 30, 2017, at 10:06 pm
New Delhi, Jun 30 (IBNS): The Union Finance Ministry on Friday called the GST roll out a complete transformation of the Indiret Tax landscape and gave details of how it happened.
Jun 30, 2017, at 04:46 am
Mumbai, June 29 (IBNS): Yes Bank has been adjudged as the 'Best Trade Finance Bank in India' at The Asian Banker Transaction Banking Awards 2017.
Jio launches new submarine cable system
Jun 30, 2017, at 04:03 am
Mumbai, June 29 (IBNS): Reliance Jio Infocomm Ltd. (Jio) has announced the launch of the Asia-Africa-Europe (AAE-1) submarine cable system.
Job loss stares at 1700 as 43 Delhi outlets of McDonald's shut down
Jun 30, 2017, at 03:05 am
New Delhi, June 29 (IBNS): Largescale job loss stares at 1700 odd people in the national capital with the report of 43 outlets of McDonald's in Delhi shutting down owing to a feud between Connaught Plaza Restaurants Pvt. Ltd (CPRL) and the global burger and fast food restaurant chain, said media reports.
Payback partners with Archies to expand its reach in gifting space
Jun 30, 2017, at 02:19 am
New Delhi, June 28 (IBNS): Payback, a multi-brand loyalty program, announced its partnership with Archies, the all-time popular gifting brand in the country to expand its offerings into gifting category.
Whirlpool ropes in chef Kunal Kapur for endorsing its built-in appliances
Jun 30, 2017, at 01:10 am
Kolkata, June 29 (IBNS): Whirlpool of India, a subsidiary of Whirlpool Corporation and home appliance company, has signed on Chef Patron Kunal Kapur for endorsing their built-in appliances.
Tata Steel flags-off ‘Doors of India’ campaign in West Bengal
Jun 30, 2017, at 01:00 am
Kolkata, June 29 (IBNS): Tata Steel on Thursday flagged off the `Doors of India’ Campaign in West Bengal, under the brand `Pravesh’.
Dun & Bradstreet India MSME survey: GST a game-changer; implementation a challenge
Jun 29, 2017, at 11:36 pm
Kolkata, Jun 29 (IBNS): Dun & Bradstreet, the world’s leading provider of global business information, knowledge and insights, in association with SAP, on Thursday, concluded a pan-India survey on GST readiness among MSMEs.
Coca-Cola announces the reduction of price for Packaged Drinking Water
Jun 29, 2017, at 11:10 pm
Kolkata, June 29 (IBNS): As India gets ready to implement the Goods and Services tax (GST), Coca-Cola India, on Tuesday, announced its pricing strategy, which will provide better value for money and a range of choices to its consumers, according to the company.
Indian benchmark indices close positive on Thursday
Jun 29, 2017, at 10:25 pm
Mumbai, Jun 29 (IBNS): The Indian market managed to claw back into positive territory on Thursday, a day before scheduled roll out of the Goods and Services Tax (GST).