Invest in India News

  • Sale of Products after Introduction of GST

    On account of implementation of GST there may be instances where the retail sale price printed on pre-packaged commodity is required to be changed. The Department has therefore issued an order according to which, manufacturers/packers/importers of pre-packaged commodities are to declare the revised retail sale price (MRP), by way of stamping or putting sticker or online printing, as the case may be, on the unsold stock

  • Constitution of Sectoral Groups on GST

    The Goods and Services Tax (GST) Council in its 14th meeting held on 18-19 May, 2017 approved the constitution of eighteen sectoral groups to ensure smooth roll-out of GST.

     

    The Council has received reports from sixteen out of the eighteen sectoral groups. The GST Law Committee comprising of officers of the Central and State Governments have drafted guidance notes based on these reports for some of the sectors.

  • Union Home Minister reviews implementation of the decisions taken during the Annual DGPs Conference

    The Union Home Minister Shri Rajnath Singh here today reviewed the progress of implementation of the decisions taken and directives issued during the Annual Conference of DGPs of State Police, CAPFs and CPOs held at Hyderabad from Nov.25-27, 2016. The MoS (Home) Shri Hansraj Gangaram Ahir, Home Secretary Shri Rajiv Mehrishi, Shri Rajiv Gauba, OSD, MHA, and Director, IB Shri Rajiv Jain attended the meeting along with other Senior Officers.

  • Post GST reduction of incidence of Tax on Coal Consumers

             In pre GST regime there was Excise Duty on Coal @ 6% , Stowing Excise Duty @ Rs. 10 per tonne of coal production, VAT@ 5% (on intra-state sale), Central Sales Tax @ 2% (on inter-state sale, on submission of Form C) .

  • Indian Telecom Market is expected to cross the Rs 6.6 trillion revenue mark by the year 2020-Manoj Sinha

    The Minister of Communications Shri Manoj Sinha today said that the Indian telecom industry has seen a paradigm shift from a voice centric market to a data-centric market. While voice business still contributes a large chunk towards operator revenues, data revenues have shown an exponential growth trajectory over the last few years. Speaking at a Workshop on Telecom India here, the Minister said that by the end of 2016 the number of internet subscribers in India was 391.50 million making India globally the 2nd highest in terms of internet users.

  • Boosting Trade ties with Africa

    Various steps have been taken by Government to enhance trade and commercial relations with African countries. Bilateral trade between India and African countries are reviewed regularly, including through bilateral mechanisms like of Joint Trade Committee Meetings and Joint Commission Meetings. The 4th India-Africa Trade Ministers’ Meeting was organized in New Delhi on 23rd October, 2015.

  • Investments made under 'Startup India' programme

    Details of the ‘Startup India’ initiative, as envisaged in the policy document Startup India Action Plan, are at Annexure I. With respect to investment in Startups, the Startup India Action Plan provides for a Fund of Funds for Startups (FFS) with a corpus fund of INR 10,000 crores for development and growth of innovation driven enterprises.

  • EPFO’s tie-up with Banks

    Employees’ Provident Fund Organisation (EPFO) has tied up/entered into arrangement agreement with ten banks to collect EPFO dues and to make payments of Provident Fund (PF) withdrawals, pension and insurance to EPFO beneficiaries. These banks are State Bank of India, Punjab National Bank, Indian Bank, Allahabad Bank, Union Bank of India, Bank of Baroda, HDFC Bank, ICICI Bank, Axis Bank and Kotak Mahindra Bank.

  • Government enters into nine Unilateral Advance Pricing Agreements (UAPAs) with Indian taxpayers in July, 2017

    The Central Board of Direct Taxes (CBDT) entered into nine Unilateral Advance Pricing Agreements (UAPAs) with Indian taxpayers in the month of July, 2017. Some of the UAPAs signed had rollback provisions also.

     

  • Promoting India’s Tourism Potential Abroad

    The Ministry of Tourism, as part of its on-going activities, regularly releases print, electronic, online and outdoor media campaigns in the international markets, under the “Incredible India” brand-line, to promote various tourism destinations and products of India with the objective of increasing foreign tourist arrivals to the country. The Ministry also promotes various tourism destinations and products through its website and publicity and promotional material produced from time to time.

  • Sale of bottled water on same rate Post GST

    On account of implementation of GST there may be instances where the retail sale price of a pre-packaged commodity is required to be changed. Department of Consumer Affairs has therefore issued an advisory on the matter. 

  • India to have 600 million broadband connections by 2020.

    The Minister for Communications Shri Manoj Sinha said that as per information provided by Telecom Regulatory Authority of India (TRAI), there were 422.19 million broadband subscribers and the internet penetration (internet subscriber per 100 populations) was 32.86% in the country as on 31st March 2017. In a written reply to a question in the Rajya Sabha, he said that the National Telecom Policy-2012 envisages 600 million broadband connections by the year 2020. 

  • Consumer Grievance Redressal System in the Country

    Under the provisions of the Consumer Protection Act, 1986, there is a three–tier quasi-judicial mechanism in place for redressal of consumer grievances. These are District Fora at the districts, State Consumer Disputes Redressal Commission in States and the National Consumer Disputes Redressal Commission at the Centre. 

    The National Consumer Disputes Redressal Commission holds circuit bench sitting from time to time at different state capitals to expedite the process of adjudication. 

  • Rs. 7 Lakh crores investment needed for the highways sector in next 5 years

    The Ministry of Road Transport & Highways has estimated a fund requirement of about Rs. 6.92 lakh crore for the development of National Highways in the country during the next five years. This requirement will be met from the Gross Budgetary Support of the Ministry, the Central Road Fund, Toll remittance, Monetization of National Highways through Toll-Operate-Transfer (TOT) model, external borrowings by National Highway Authority of India and private sector investment.

  • Promotion of Electric Vehicles

    With a view to provide impetus to domestic manufacturing of hybrid & electric vehicles (collectively termed as XEVs), the Government of India approved the National Mission on Electric Mobility in 2011 and subsequently National Electric Mobility Mission Plan 2020 was unveiled in 2013. This Mission Plan has been designed mainly considering the Fuel Security and Environmental Pollution in the country.