Saturday , 16 December 2017
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Business

FRDI Bill: Deposit holders have always faced a certain level of risk

IANS   NEW DELHI One obviously reads how social media and technology have the power to breed beliefs only qualifiable as post-truth. Rare have been occasions when I have witnessed this phenomenon first hand. The recent public outcry on deposits being “at risk” during a bank’s liquidation — due to the proposed Financial Resolution and Deposit Insurance (FRDI) Bill — ... Read More »

Govt to reimburse MDR on transactions up to Rs 2,000

PTI   New Delhi The government will bear the MDR charges on transactions up to Rs 2,000 made through debit cards, BHIM UPI or Aadhaar-enabled payment systems to promote digital transactions, IT Minister Ravi Shankar Prasad said Friday. The merchant discount rate (MDR) will be borne by the government for two years with effect from January 1, 2018 by reimbursing ... Read More »

E-Way bill on agenda for GST Council meeting today

AGENCIES   New Delhi Union Finance Minister Arun Jaitley will chair the 24th Goods and Services Tax (GST) Council meeting on December 16, i.e. Saturday via video conferencing, to review the position on the implementation of e-way bill under the Goods and Services Tax (GST) regime. E-way bills would aid India’s logistics ecosystem and will lead to a reduction in ... Read More »

ECONOMIC SCAN

Saival Fitness opens in Shiroda PANAJI: Proprietor of Norbert’s Fitness Studio, Norbert D’Souza recently inaugurated Saival Fitness at Shiroda. Local MLA Subash Shirodkar too was present. Saival Fitness, owned by Snelo Gracias, is supported by Norbert’s Fitness Studio, the latter providing its expertise in the set-up and functioning of Shiroda’s newest hub for the health conscious. Stressing on the need ... Read More »

‘Hasty GST roll out has hit revenues, small businesses’

NEW DELHI: Raising “deep concerns” about the GST implementation, West Bengal Finance Minister Amit Mitra Thursday hit out at the Centre, saying that unpreparedness and hasty implementation have resulted not only in revenue loss but also hit small and medium enterprises (SMEs) hard. Please like & share: Read More »

EDC launches GST entrepreneurs scheme

PANAJI: The government is looking at the goods and services tax (GST) as the opportunity to create self-employment among locals, as a result the EDC GST Entrepreneurs Scheme has been launched to promote entrepreneurship opportunity to locals taking up GST related support services. Please like & share: Read More »

Odisha’s revenue collection increases by 23%

BHUBANESWAR: The revenue collection of the Odisha government has increased by 23 per cent till November during the 2017-18 financial year, said an official on Thursday. Please like & share: Read More »

5-day ‘Kharedi Yatraa’ exhibition opens in city

  PANAJI: ‘Kharedi Yatraa’ exhibition of consumer and household products was inaugurated at the hands of Divya Vishwajeet Rane at Don Bosco High School, Indoor Stadium on Wednesday, Please like & share: Read More »

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