Bhubaneswar: The government has taken a major decision to remove GST from the dairy products like the packaged milk. During this time of crisis in the world economic scenario the government has tried to release the burden of the common people to some extent by providing them pure milk with a lower price. Milk is…
Bhubaneswar: The Repo Rate has been increased to 40 bps by the Monetary Policy Committee (MPC) of the Reserve Bank. So it has reached 4.4 per cent. Notably, Repo Rate is the rate at which loans are granted to the commercial banks of the RBI in case of a shortage of funds. It is also…
Bhubaneswar: After coming to power at the centre in 2014, the government led by the Bharatiya Janata Party ( BJP), formed the National Institute for Transforming India by disabling the planning commission. This has been operating as the highest think tank organisation and policymaker of the government of India for seven years. This organisation aims…
Kolkata: For the very first time in its 118 years of history, the World Congress of Accountants (WCOA) would be hosted in India by the Institute of Chartered Accountants of India (ICAI). The prestigious event, popular as the `Olympics of the Accountancy Profession’ or the `accountants’ kumbh’ in Indian parlance, would take place at the…
Kolkata: All India Mobile Retailers Association (AIMRA), an apex body representing 1.5 lac plus mobile retailers in India, has warned that unethical, discriminatory and monopolistic business practices by online sales platforms is jeopardizing the future of 1.5 lac mainline mobile phone retailers across India. Hundreds of mobile phone retailers and top members of the Association from…
Bengaluru: Following the success of its GST Billing & Accounting Software myBillBook, the Bengaluru based fintech FloBiz today has announced the launch of its Point-of-Sale Billing solution for retailers and franchises. The retail industry accounts for 10% of India’s GDP. Keeping the scale and the specific needs of this industry in mind, the solution has…
BHUBANESWAR: Foreign liquor whether made in India or not will cost more in Odisha as VAT on it has been enhanced from 20 percent to 35 percent. The Odisha Value Added Tax (Amendment) Bill, 2017 which was passed in the assembly proposed increase in VAT on foreign liquor and five other items as these are…
Bhubaneswar: The Odisha legislative assembly on Friday (19th May’17) passed the Goods & Services Tax (GST) Bill, 2017 and the Value Added Tax (VAT) Bill, 2017, preparing the ground for transition to the new taxation system. Both the Bills were unanimously passed in the assembly through a voice vote. Though all political parties backed the…
Bhubaneswar: Naveen Patnaik today raised concerns over the implementation of inter-state water projects including Polavaram and the ongoing construction of activities in the Mahanadi river in Chhattisgarh. Participating in the 11th meeting of the Standing Committee of the Inter-State Council here, Patnaik said the Union government has not adopted principles of fair play in declaring Polavaram…
