The government is aware of the problems faced by exporters and efforts are being taken to boost exports, including to emerging markets through preferential and free trade agreements, Union Minister Hardeep Singh Puri said on Tuesday. Addressing an event organised by Engineering Export Promotion Council (EEPC), the minister said he had a meeting with member exporters from EEPC India in August, based on which a short and medium-term strategy for enhancing engineering shipments has been formulated. "Efforts are also being undertaken to increase our exports to emerging markets of Africa, Latin America through PTAs/FTAs (preferential/free trade agreements)," the Minister of State for Commerce said. In essence, we are trying to provide whatever support you, as exporters, need from the government, Puri said. Based on feedback from EEPC India, non tariff barriers for engineering sector have been identified, including the list of countries where test reports of the Central Power Research … [Read more...] about Efforts are being made to boost exports: Hardeep Singh Puri
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By Balachandran R The current financial year can best be termed as annus horribilis (horrible year) for debt fund managers. The Latin phrase was once used by Queen Elizabeth to describe a traumatic and scandal-ridden year for the royal family. ILFS default, the consequent conflagration in the NBFC sector, collapsing prices of stocks pledged as collateral for debt securities issued by certain holding companies and subscribed to by mutual funds, apparently ring-fenced cash flows of special purpose vehicles of infrastructure projects no longer offering bankruptcy protection, and to cap it all, the “expose” by an investigative journalist website on alleged large scale “funds diversion” into the hands of the promoter of a housing finance company with heavy exposure to mutual funds... Most of these wounds are self-inflicted. Mutual funds relied more on generous ratings provided by external agencies, rather than rigorous internal due diligence. The debt markets are … [Read more...] about How to build a conservative debt mutual fund portfolio in uncertain times
NEW DELHI: A proposal to refund central goods and services tax (GST) on items made in formerly excise-free zones in Himachal Pradesh, Uttarakhand and the North-East is set to be presented to cabinet. The move will benefit companies such as Cipla, Dabur, Dr Reddy’s and TVS Motor that invested in those areas because of the tax break. Such exemptions have largely been scrapped under GST as part of efforts to create a common market across India with as few interstate variations as possible. The Expenditure Finance Committee (EFC) has approved the scheme, which is likely to benefit a number of automobile, fast-moving consumer goods (FMCG) and pharmaceutical companies that have invested in these zones. “EFC has cleared the scheme,” a senior finance ministry official told ET. It will shortly be introduced in the cabinet, he said. Hundreds of pharmaceutical companies including high-profile ones such as Cipla, Dabur, Dr Reddy’s, Johnson & Johnson and Wockhardt … [Read more...] about Proposal to refund central GST on goods made in excise-free zones to help auto, FMCG and pharma companies
New Delhi, Dec 9 (PTI) The Central GST collection fell short of the budged estimate by nearly 40 per cent during the April-November period of 2019-20, according to the data presented in Parliament on Monday. The actual CGST collection during April-November stood at Rs 3,28,365 crore while the budgeted estimate is of Rs 5,26,000 crore for these months, Minister of State for Finance Anurag Singh Thakur said in a written reply in Lok Sabha. The minister added that the data was, however, provisional. In 2018-19, the actual CGST collection stood at Rs 4,57,534 crore as against the provisional estimate of Rs 6,03,900 crore for the year, he said. In 2017-18, the CGST collection was Rs 2,03,261 crore. The minister said that as many as 999 cases were registered till October in the current fiscal for GST evasion and Rs 8,134.39 crore has been recovered. During 2018-19, a total of Rs 19,395.26 crore were recovered (1473 cases) and in 2017-18 the recovery was of Rs 757.81 crore (148 cases). For … [Read more...] about Central GST Falls Short of Budget Estimate by 40% in April-November
After 'Padmaavat', which released in January 2018, Deepika Padukone is all set to win hearts yet again with her next film 'Chhapaak' directed by 'Raazi' & 'Talvaar' director Meghna Gulzar. Featuring Vikrant Massey opposite Deepika Padukone, 'Chaapaak' is inspired from the real life story of acid-attack survivor Laxmi Agarwal. In 'Chhapaak', Deepika will be seen playing the role of an acid attack survivor named 'Malti' and the film is creating huge buzz ever since the actress' first look was released earlier this year. Deepika in a still from 'Chhapaak' trailer (Photo Credit: Youtube) After a long wait, the makers of 'Chhapaak' have finally released the trailer of 'Chhapaak' today (10th December) on the occasion of 'World Human Rights Day' which is a perfect coincidence given that the film is based on the life and survival of an acid attack victim. VIDEO: Deepika Padukone, Kartik Aaryan Groove To 'Dheeme Dheeme' At Airport! The film revolves around Deepika Padukone aka … [Read more...] about ‘Chhapaak’ Trailer: Deepika Padukone’s Portrayal Of An Acid Attack Survivor Will Shake You Up!