In order to ensure that the benefits of revised lower Goods and Services Tax (GST) rates reach to the consumers, the Union Cabinet on Thursday approved setting up of the anti-profiteering authority, comprising Chairman and four technical members, under the new indirect tax regime. The move comes a day after the Government notified substantial reduction in GST rates on over 200 items following a decision of GST Council at its 23rd meeting at Guwahati.
Reiterating the government’s resolve of according a high priority to food security, Chief Minister N Chandrababu Naidu on Wednesday said that many initiatives had been undertaken to improve the organic farming in the State.
The focus of the country’s economic reforms and policies is to eliminate poverty and enhance the prosperity of millions of ordinary families, said President Ram Nath Kovind while inaugurating the 37th India International Trade Fair (IITF)-2017.
Four agreements were signed between the two countries, which covered areas of defence, agriculture, small and medium enterprises and tie-up between think-tanks.
Philippines President Rodrigo Duterte on Monday expressed his desire to enhance “defence cooperation” with India, as he met Prime Minister Narendra Modi and the two sides signed a defence cooperation agreement. He was accompanied by five Cabinet-rank ministers from the Philippines side.
Prime Minister Narendra Modi has a packed schedule in Manila on Monday. Day after world leaders, including, Modi, US President Donald Trump, Japanese Prime Minister Shinzo Abe and several other world leaders arrived in Manila on Sunday for the Association of Southeast Asia Nations (ASEAN) summit which is set to extensively deliberate on evolving security challenges facing South East Asia.
Making the biggest change in the four-month-old goods and services tax regime, the GST Council on Friday moved 80 per cent of items in the top 28 per cent tax bracket to lower rates. Starting November 15, eating out could cost up to 13 per cent less than before (GST rate cut from 18 per cent to 5 per cent) and a whole host of consumer products like shampoo, deodorant, chocolates, fans, furniture and sanitary fittings should get cheaper by up to 10 per cent or more.
The GST Council may consider pruning items in the 28 per cent tax slab and slash rates for daily use items, plastic products and hand-made furniture.
The 23rd meeting of the Goods and Services Tax Council Council is scheduled to be convened on Friday in Guwahati, Assam. In a bid to provide relief to consumers, the Council may consider pruning items in the 28 per cent tax slab and slash rates for daily use items, plastic products and hand-made furniture.
President Ram Nath Kovind launched the third agriculture roadmap of Bihar for the period 2017-2022 in his first visit to the state since being elected President in August.
The president also launched nine schemes under the agriculture roadmap in the inaugural event including organic farming corridor, Bihar Fisheries College at Kishanganj, foundation-laying of a 11kV agriculture feeder at Naubatpur block in Patna and three-layer Bihar Vegetable Processing and Distribution Cooperative system among others.
Despite the highest ever budgetary allocation of Rs 48,000 crore for Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) in the current fiscal year, wage payments in over 19 states have been frozen as of October 31, 2017, reported India Spend.
Over 92 million NREGA workers in these states including Jharkhand, Karnataka, Kerela, Maharashtra have not received payments in the past couple of months due to delay in payments of nearly Rs 3,066 crore, an official of NREGA Sangharsh Morcha told the newspaper.
The Global Education Monitoring (GEM) Report 2017-18 which was recently published by UNESCO reveals some key findings around education across the globe.
As per the report, 264 million children around the globe are denied education. UN in its SDG4 aims to provide elementary education to all the children globally by 2030 but the report says that though 83 per cent children go to school, only 45 per cent are able to complete secondary school education.