Business, Economy, 13th Jul 2017, News & Stories from India

Tuesday, Apr 23, 2024 | Last Update : 12:50 PM IST

Business Economy 13 Jul 2017

Business, Economy, 13 Jul 2017

Revenue Department clarified that sale of old jewellery as well as old vehicles by individuals will not attract any GST. (Representational Image)

No GST on sale of old jewellery, cars by individuals

However, if an unregistered supplier of gold ornaments sells old jewellery to a registered supplier, it will attract GST.

13 Jul 2017 8:26 PM

Prime Minister Narendra Modi (Photo: PTI)

Modi to meet key ministries to streamline FDI inflows

Meeting assumes significance as government is considering relaxing FDI norms in several sectors.

13 Jul 2017 6:14 PM

GSTIN not necessary for import or export of exempt goods

GSTIN is a 15 digit unique code which is assigned to each registered business or trader.

13 Jul 2017 5:54 PM

Railway Ministry to improve infrastructural pace: Suresh Prabhu

Only 42 per cent of electrification has been made so far and will double in next five years plan.

13 Jul 2017 5:39 PM

Demonetisation and government's initiative to promote use of debit and credit cards accelerated growth of digital payment.

Digital transactions shot up due post demonetisation: report

Growth of digital payment reached Rs 70,000 crore level in seven months, said the report.

13 Jul 2017 5:23 PM

Finance Ministry said there is no GST on annual subscription/fees for lodging in hostels under educational institutions. (Representational Image)

Hostel fee charged by school, colleges free from GST: Finance Ministry

It was addressing fake reports claiming there is 18 per cent GST on fee charges by hostels under educational institutions.

13 Jul 2017 4:53 PM

Govt sets up intelligence unit for high-risk areas in Customs, GST

DGARM will use internal and external sources for detailed data mining to generate actionable inputs.

13 Jul 2017 4:42 PM

Union Minister Kalraj Mishra said GST will benefit MSME sector.

GST will benefit MSME; traders should register on GSTN: Mishra

Kalraj Mishra also asked MSMEs to give feedback to the ministry on GST as it will take that up with GST Council.

13 Jul 2017 4:07 PM

Banks face an astronomous $150 bn bad loans to repay.

Insolvency and Bankruptcy Code explained

IBC that was passed in May 2016 replaced three existing laws on insolvency and bankruptcy.

13 Jul 2017 3:14 PM

SBI reduced the NEFT and RTGS charges up to 75 per cent.

SBI: Charges for NEFT, RTGS slashed by 75 per cent

SBI also waived charges for fund transfer of up to Rs 1,000 through IMPS to promote small transactions.

13 Jul 2017 12:56 PM

RBI Guv not to appear again over demonetisation: parliamentary panel

RBI has cut down on holidays to complete counting of the junked currency note.

13 Jul 2017 9:33 AM

Retail inflation captures prices which consumer pay at retail shops.

Inflation drops to 18-year record low

Industrial output slowed down to 1.7 per cent, reviving calls for a rate cut.

13 Jul 2017 4:19 AM

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Aakar Patel