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CGST 5% Applicable Only for Branded, Trade Mark Products

CGST rate of 5% will not be applicable on the supply of goods unless the brand name or trade name unless the brand name or trade name is actually on ...

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GST Council Forms 18 Sectoral Groups for GST Roll-out

As decided in the 14th Meeting of the GST Council held on 18th-19th May, 2017 in Srinagar, 18 Sectoral Groups have been constituted representing various sectors of the economy in ...

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GST Council to Meet on Sunday to Finalise GST Roll Out

The Union Minister for Finance, Defence and Corporate Affairs, Mr Arun Jaitley will chair the 16th Meeting of the GST Council scheduled to be held on Sunday, 11th June, 2017 ...

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Govt to Review State-Owned Banks’ Performance

The Union Minister for Finance, Defence and Corporate Affairs, Mr Arun Jaitley will chair a meeting of CMDs/CEOs of the Public Sector Banks to review their performance on 12th June, ...

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Aadhar, PAN Must from July 1, 2017 with One Rider

The Supreme Court in its judgement has upheld Section 139AA of the Income Tax Act,1961 as constitutionally valid which required quoting of the Aadhaar number in applying for PAN as ...

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40000 Passenger Aircraft Required in Next 20 Years: Airbus Projection

evolving airline business models are driving a need for 34,170 passenger and 730 freighter aircraft worth a combined total of US$5.3 trillion (Airbus)

The world’s passenger aircraft fleet above 100 seats is set to more than double in the next 20 years to over 40,000 planes as traffic is set to grow at ...

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GST Rates on Instant Coffee to be More; Sugar, Tea, Milk Poweder to be Less

Proposed GST Tax rates would be lesser than the prevailing taxes in case of Sugar, Tea and Coffee (other than instant coffee) and Milk Powder; Present incidence of taxes on ...

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Petrol Prices Cut by Rs.2.16, Diesel by 2.10 From Today (May 16, 2017)

Following the global lead in falling fuel prices, the petrol prices in the country will see more than Rs.2 cut after almost six months of steep hike in the domestic ...

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Bangalore Techies in Panic as Recession Trends Begin to Show up

The news of recurrent firing in IT companies of Bangalore is not new but the latest thrust in news of almost all IT companies lining up their firing squads has ...

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Rating Agencies with ‘Poor Standards’? Questions India’s Chief Economic Advisor

India’s chief economic advisor Arvind Subramanian today lashed out at the functioning of the rating agencies in India for keeping India at a lower rating than China. Playing on the ...

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SBI Slashes Home Loan Interest Rates to 8.35%

India’s largest bank State bank of India on Monday slashed the lending rates for home loan interest rate to 8.35 percent, from its existing 8.6 percent. The other home loan rates ...

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Singh Brothers May Sell Fortis Majority Stake to TPG+GA Combine: Report

Erstwhile Ranbaxy brothers who had sold it for a whopping amount to a Japanese firm, are now planning to sell off majority of their stake in corporate hospitals chain Fortis ...

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Disinvestment of State-Owned 3 Major ITDC Hotels Begins

The Cabinet Committee on Economic Affairs on Wednesday approved the disinvestment of hotels of the India Tourism Development Corporation Ltd. (ITDC) to enable running and managing hotels on professional lines. ...

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Ujjivan Reports Decline in Profit Due to Non-Repayments Post-Demonetisation

Ujjivan Financial Services has reported 64.76% decline in its net profit which stood at Rs.19.35 crore in the quarter ended March 31, 2017. Last year, it reported a net profit ...

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New $50 Million Investment Fund Created by Water.org

WaterEquity, a WaterCredit Investment Fund 3 (WCIF3), with $50 million social impact investment fund, has been created by Water.Org to invest in enterprises serving water and sanitation needs among the ...

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IMF Brings Down India Forecast Post-Demonetisation

IMF Managing Director Christine Lagarde on Thursday said India growth forecast has been revised down to 7.2 percent for 2017 due to the impact of demonetisation, which had affected the ...

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New Lease of Life for Spandana Sphoorty Microfinance, Raises $270 Million

After 7 years of virtual hibernation, Hyderabad’s Microfinance lender Spandana Sphoorty Financial Ltd has raised $270 million of funding, to bail it out from the corporate debt restructuring cell (CDR). ...

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Inditrade Forays Into Wholly Digital Microfinance, Opens Solapur Branches

Microfinance is catching the attention of major investors ranging from Ratan Tata to Ananya Birla and now a fully integrated tech-based microfinance provider is appearing in the horizon promising only ...

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UP Govt Waives off Farmer Loans From Banks up to Rs.1 Lakh

The UP government under BJP has waived off crop loans taken from banks with a cap of Rs. 1 lakh for the fiscal year 2016-17. The ruling Bharatiya Janata Party’s ...

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Tax Collections Exceed Target, Thanks to Demonetisation

The total tax revenue targets of the revised estimates for 2016-17 for both Direct and Indirect Taxes was Rs. 16.97 lakh crore of which 8.47 lakh crore was for Direct ...

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