GST Council Meet: In a major relief to the builders of the country, the all-powerful Good and Services Tax (GST) Council has given them an option to choose between the old and the new tax regime for the under-construction residential projects to help resolve input tax credit issues. However, these builders have been given a deadline of March 31 to choose between the two taxation options. The council, headed by Union Finance Minister Arun Jaitley and including representatives of all states, during the 34th GST Council Meeting in the national capital laid out transition rules for the implementation of new tax rates for the real estate sector. “Builders will get a one-time option to continue paying tax at the old rates (effective rate of 8 per cent or 12 per cent with Input Tax Credit or ITC) on ongoing projects (buildings where construction and actual booking have both started before April 1, 2019, but which will not be completed by March 31, 2019),” Revenue Secretary AB … [Read more...] about Under-construction residential projects get Centre’s relief! GST Council allows options to choose tax rates
Nominal and real interest rates
It’s true when said, that strength and growth come only through continuous efforts. Having fought for captaincy, almost every week, Karanvir has now finally got the power in his hands by winning the title of Fizz Captain. To everyone’s surprise, Bigg Boss, who’s never short of adding various twists announced a very difficult task. The four nominated contestants, Somi, Surbhi, Romil & Deepak were given a chance to release their frustration by nominating a contestant who they thought was fit to be in their place for this week’s evictions. The nominated contestants had to be dunked in Ice Cold water, cow dung, atta and rotten tomatoes. Srishty, Shivashish, Jasleen & Rohit, much to their dismay, were the so called lucky ones to bathe in the given ingredients. Bigg Boss 12 Weekend Ka Vaar ELIMINATION: Salman Khan reveals who got the least votes out of 4 NOMINATED contestants! The week gone by wasn’t an easy one. Various arguments strained … [Read more...] about Bigg Boss 12 Weekend Ka Vaar Day 55 PREVIEW: Nominated contestants get chance to nominate others; Preity Zinta-Salman Khan have a gala time!
NEW DELHI: India's real GDP growth in 2019-20 fiscal is expected to be slightly below 5 per cent as the impact of stimulus measures will take time to filter through to the economy, IHS Markit has said. Latest GDP data for July-September quarter showed a significant further moderation in the pace of economic growth to 4.5 per cent, the weakest in six years with a key contributory factor being a slump in manufacturing output. This compared with the 5 per cent growth rate registered in the previous quarter and 7 per cent rate recorded a year ago in September quarter of 2018. For the first half of 2019-20 fiscal, GDP growth slowed to a pace of 4.8 per cent compared to the 7.5 per cent a year back. "Financial sector fragilities continue to weigh on India's economic growth momentum, with the high level of non-performing loans on the balance sheets of the public sector banks, constraining their new lending," IHS said in a report. Furthermore, there are also risks from potential contagion … [Read more...] about India’s real GDP growth in FY20 to come below 5%: IHS Markit
ASA is attaching a "robot hotel" to the outside of the International Space Station with the upcoming launch of the Robotic Tool Stowage (RiTS), a protective storage unit for critical robotic tools. RiTS is set to launch on Wednesday aboard the 19th SpaceX commercial resupply mission. Its first residents will be two Robotic External Leak Locators (RELL). Outfitted with mass spectrometers capable of "sniffing" out the presence of gases such as ammonia, these robotic tools are used to detect leaks from the station. Two RELL units are on board the station right now: the first RELL launched in 2015, and a second RELL was launched as a backup earlier this year. "For each of its stored tools, RiTS will provide heat and physical protection from radiation and micrometeroids, or tiny, high-speed objects hurtling through space," RiTS hardware manager Mark Neuman said in a statement. "Its thermal system maintains ideal temperatures for the instruments, helping them stay functional," Neuman said. … [Read more...] about Star Rated: NASA To Start a ‘Robot Hotel’ Outside the International Space Station
Email By business editor Ian Verrender Updated December 09, 2019 04:21:56 Photo: The Reserve Bank is hoping that higher house prices will make consumers feel wealthier and start spending again. (ABC News: Graeme Powell) Related Story: Home buyer 'FOMO' contributes to Reserve Bank no-go Related Story: Auction clearance uptick could spell disaster for economy, first homebuyers Related Story: Interest rates to stay low but unlikely to go 'negative' says RBA boss Related Story: The Government and RBA differ on how to fix the economy. 13 top economists have picked a side Map: Australia Ever had that sinking feeling you're in over your head, that you'll never be able to get on top of that mountain of debt?And what about interest rates? How on earth would we cope if they ever returned to anything like normal?The good news, at least for those mortgaged to the hilt, is that rates are likely to stay extremely low for a very long time. We're talking years, perhaps even a decade. … [Read more...] about Financial markets are driving economic policy rather than reacting to it — and no-one knows how to unwind it