States get full Rs 1.65 lakh cr GST compensation

In a bid to provide further relief to states amid the coronavirus outbreak, the Finance Ministry has released Rs 13,806 crore as compensation for March 2020 for the states’ revenue loss in the goods and services tax (GST) regime. Continue Reading

Don’t get carried away with June GST: CIA

With the Goods and services tax (GST) collections witnessing an increase in June with the mop-up of Rs 90,917 crore, as against Rs 62,009 crore in May and just Rs 32,294 crore in April, being viewed as signs of economic recovery, industry body Consortium of Indian Associations (CIA) has said it is dsappointed that tax collection is less than expected in June. Continue Reading

Working to decriminalise offences under Companies Act: Modi

Hardselling his administration’s pro-business approach, Prime Minister Narendra Modi today said the government is working to decriminalise provision of Companies Act to make it easier to do business in the country. Continue Reading

Research firm reports 2020 will be a year of rebound for India’s IT spending

IT spending in India is forecast to cross $94 billion in 2020, up 6.6 per cent from $88.5 billion in 2019, research firm Gartner said on Monday. “2020 will be a rebound year for India’s IT spending as consumers return to purchasing mobile phones after sitting on the sidelines in 2019,” Gartner research vice president John-David Lovelock said. Continue Reading