FinMin examining issues in converting GSTN to govt. firm

FinMin mulls converting GSTN into govt. firm The Finance Ministry is examining various issues, including the overhaul of procurement procedures and the salary structure of employees, as part of the proposal to convert GST Network (GSTN) into a government company. These two issues, along with other transitional and operational nuances, would be placed before the
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It has decided to reduce the maximum number of directorship from 10 to seven in a phased manner. MUMBAI: The Securities and Exchange Board of India (SEBI) has tightened the corporate governance norms for listed companies by accepting most of the recommendations of the Kotak Committee while also strengthening the regulations for derivatives and algorithmic
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With weak rupee delivering negative returns, FIIs eye exits After betting strongly on Indian bonds last year, foreign investors are cutting their holdings as a tumbling rupee erodes their returns and economic risks cloud the outlook of a once-hot emerging market play. With only three trading sessions left in March, foreign investors have sold a
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To issue inflation-indexed bonds, introduce debt securities of 1-4 years duration The Centre would borrow ₹2.88 lakh crore in the April-September period of next fiscal, which is 47.56% of the budgeted gross borrowing. In April-September of the current fiscal, gross borrowing was ₹3.72 lakh crore. Economic Affairs Secretary Subhash Chandra Garg said the government would
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DGCA had grounded planes of IndiGo, GoAir Engine manufacturer Pratt and Whitney (P&W) has started supplying new Airbus320neo engines to both IndiGo and GoAir, whose planes were grounded by the Directorate General of Civil Aviation (DGCA) on March 12, following repeated instances of in-flight engine stalling. Joint directorate general, DGCA, Lalit Gupta confirmed that both IndiGo and
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The Centre urged battery manufacturers to set up units in India as demand in the country was expected to grow rapidly following its push for e-vehicles. Power and Renewable Energy Minister R.K. Singh made the appeal during a meeting with battery manufacturers on Thursday. “Tenders for procuring e-vehicles have already been issued and we have
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‘Not equal in claiming tax exemptions’ A husband and wife may well be equal partners, sharing the joys and sorrows equally, but they are certainly not equal in claiming tax exemptions. Such exemptions, if any, are only based on relevant documents and not on anything else, according to income tax authorities. This fact came to
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Slow progress in securing commodity may pose problem for energy storage in India: Panasonic official The Indian government’s relatively slow progress in securing lithium reserves could be a big problem for the energy storage industry in the country, according to a senior official at Panasonic India, who said that this would mean the country would
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‘To avoid genuine hurdles, only big firms may be required to comply in initial phase as opposed to all listed companies’ The Securities and Exchange Board of India (SEBI) plans to introduce new corporate governance norms as proposed by the Kotak Committee, in a phased manner for listed entities, with only the bigger companies required
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Banks Board Bureau says waiting from July 2017 for time with Jaitley to discuss bank reforms Is the government ignoring the suggestions of the Banks Board Bureau (BBB) on reforms in public sector banks? The answer is yes if one were to go by the ‘Compendium of Recommendations’ put up on its website on Monday,
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