The initial revenue shock following the rollout of the goods and services tax (GST) seems to have abated, with states steadily improving collections aided by relaxations in deadline, waiver of late payment fee and steps to encourage compliance, showed data from the GST Council.Average shortfall in GST revenue collected by states narrowed to 17.6% in October from a high of 28.4% in August.
The next rejig of goods and services tax will likely focus on the lower end of the rate slabs, as the country seeks to further streamline the structure by converging multiple rates into two or three.Simplification of laws, rules and procedures in line with industry’s feedback is also likely to top the GST Council’s agenda in the next few meetings.
The Delhi government has called-off the odd-even scheme after the National Green Tribunal (NGT) refused to exempt anyone from the car rationing regulation. Delhi transport minister Kailash Gahlot made the surprise announcement on Saturday, hours after the NGT gave its conditional nod to the AAP government to implement the policy from November 13 to 17.
Indian Railways and Chhattisgarh govt JV to build Rs10,000 crore rail corridors. This JV will build two fully electrified rail corridors—the Katghora-Dongargarh and Kharsia-Naya Raipur— to cater to the coal and cement belts of Korba and Raigarh
The India Government Mint (IGM) has neither minted nor issued any currency coins above the denomination of Rs 10 for circulation in the country, unlike what is being claimed in some social media posts, it was disclosed in response to an RTI application.
The Supreme Court on Friday refused to entertain a plea seeking minority status for Hindus in seven states, including Mizoram and Punjab. The plea, filed by Bharatiya Janata Party leader Ashwini Upadhyay, claimed that minority rights were being drawn off “illegally and arbitrarily” to the majority population. The court asked the petitioner to approach the National Commission for Minorities.
(The New Indian Express)
The new pay hike for central government employees would come into effect from 1 April next year, according to a report.
“Only 50 items to face 28% rate,” Bihar finance minister Sushil Modi told reporters on the sidelines of the ongoing meeting in Guwahati. There was unanimity that in 28% category there should be only sin and demerit goods, he added. “So, today the GST Council took a historic decision, that in the 28% slab there will be only 50 items and the remaining items have been brought down to 18%.”
If you were to walk into the dairy cooperative at Vandaraguppe village, off Bengaluru-Mysuru highway , in Ramanagara district, and ask for a few litres of milk, the clerk there is likely to refuse to accept the payment in cash. He might ask you to pay by your card or cheque. The village, about 55 km from Bengaluru, has a vibrant dairy economy. About 200 farmers supply milk to the dairy cooperative, and the dairy credits their payment to individual bank accounts.
UP chal pada hai (UP has started to progress), Niti Aayog vice-chairman Rajiv Kumar told UP CM Yogi Adityanath on Thursday while reviewing the progress made by the state on an action plan prepared by the body in May.