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GST may become two-tier tax with merger of 12, 18% slabs: Jaitley

PTI New Delhi Former Finance Minister Arun Jaitley Monday said the 12 and 18 per cent tax slabs in goods and services tax (GST) could be merged going forward as revenues increase, thereby effectively making it a two-tier tax. Penning a Facebook post on the second anniversary of GST rollout, Jaitley said as many as 20 states are already showing …

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Countries should ensure speedy extradition: Naidu

PTI New Delhi Vice-President M Venkaiah Naidu Monday pitched for exchange of information among countries to curb economic frauds as well as efforts for speedy extradition of economic offenders. His remarks come against the backdrop of Indian authorities working to bring back various economic offenders who have fled the country. Speaking at the 70th annual day celebrations of chartered accountants’ …

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New credit scheme for SME to encourage job creation: Gadkari

PTI New Delhi A new scheme is being worked out to encourage employment generation by small and medium enterprises in the country, with special focus on scheduled castes and tribals, the government told Rajya Sabha on Monday. Medium and Small Enterprises Minister Nitin Gadkari said while replying to questions during the Questions hour that credit limits of World Bank and …

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ECONOMIC SCAN

State-of-the-art dental clinic in city PANAJI: Panjim Orthodontic Centre, a speciality dental clinic, has recently opened in the heart of the city by Dr Nikhil Pai. Located at Kamat Chambers, opposite Hotel Treehouse Neptune, the clinic boasts the latest state-of-the-art equipment, and aims to provide the best in smile correction and aesthetic enhancement treatments for the first time in Goa. …

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53 startups in state are presently certified

PANAJI: Stating that the government is ready to give all that is promised in the IT Startup Policy, Rohan Khaunte, IT minister, on Friday, disclosed that, 53 startups in the state are presently certified under the Goa Startup Mission. Several among the certified startup units have started receiving monetary incentives in the form of re-imbursements, according to the IT minister, …

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BIZ SCAN

‘Mumbai Se Outlet’ offers chai-bhajjis at Dabolim airport VASCO: Travel Food Services (TFS), one of India’s leading travel, food and retail company has brought classic combo of ‘chai-bhajjis’ this monsoon season at the ‘Mumbai Se Outlet’ at Goa’s Dabolim International Airport. The passengers now can enjoy the cool breeze, warm ‘chai and bhajjis’ from the airport itself. Mumbai Se Outlet …

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No plan to privatise railways or trains like Rajdhani, Shatabdi: Goyal

New Delhi: Union minister Piyush Goyal Friday said that the railways has no plans to privatise the national transporter or its premium trains such as Rajdhani and Shatabdi express, amidst speculation that there was a proposal to rope in private operators. Responding to a query on the privatisation of these trains and the entire network, Goyal told the Rajya Sabha …

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‘24 train sets planned for procurement from Japan’

New Delhi: Twenty-four train sets have been  planned for procurement from Japan for the Mumbai-Ahmedabad high-speed project, Railway Minister Piyush Goyal said Friday. Replying to a question in the Rajya Sabha, Goyal said the estimated total cost of the Mumbai-Ahmedabad high-speed rail project, including the cost of rolling stock, is Rs 1,08,000 crore, out of which 81 per cent price …

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Holistic fertiliser policy can increase crop yields

Bengaluru: The agrarian crisis is clearly one of the main themes of the ongoing political dialogue. The present crisis is attributed to low prices and thus poor farmer incomes. Solutions suggested time and again seem to focus on loan waivers and minimum support prices, which may not prove effective in the long run. We need to focus on supply-side factors …

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Instagram threatens Amazon

San Francisco: The current dominance in online commerce enjoyed by Amazon could be endangered if Instagram, with its one billion users worldwide, pushes ahead with its plans to enter that space, as its new chief, Adam Mosseri, has said he intends to do. In his first public interview on the company’s future strategy since taking over at Instagram last October, …

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