As per the amendment, compensation cess would be levied on the presumptive capacity of production declared by a manufacturer to GST authorities, sources told PTI.
Jaitley should try to achieve the fiscal deficit target and take more steps to implement projs efficiently in the forthcoming Budget, Srinivasan said.
The commerce ministry has pitched for continuation of tax incentives being enjoyed by units in SEZs with a view to boost shipments and job creation, a govt official said.
Modi is the first Indian Prime Minister to attend Davos meeting in about 20 years since H D Deve Gowda in 1997.
State-run ONGC will acquire the government's 51.11 per cent equity share-holding in Hindustan Petroleum Corporation Ltd (HPCL) at a consideration of Rs 36,915 crore.
Following the Indian tradition of having something sweet before setting out on an auspicious work, the Finance Ministry here performed the "halwa" ceremony.
The GST Council decided to provide a three-year GST exemption for viability gap funding given under the regional air connectivity scheme.
Jaitley said the next meeting of the Council may consider bringing items like crude oil, natural gas, petrol, diesel, ATF and real estate within the GST purview.
State-owned RITES has filed draft papers with markets regulator Sebi to raise an estimated Rs 600 crore through an initial share sale.
The finance ministry may consider taxing dividend in the hands of shareholders and do away with the dividend distribution tax in the Budget to be unveiled on February 1.
INDIAN OIL CORPORATION
Board to consider bonus issue on Jan. 30.
HPCL may acquire MRPL in cash and share swap deal
HPCL may buyout ONGC shares which is worth roughly Rs 16,000 Cr
Financial Express Reports
Gets four orders worth Rs 871 Cr
Gets Rs 282 Cr order from APTRANSCO to supply, construct substations
To also set up associated transmission line work for APTRANSCO
Gets Rs 100-cr order from Bangladesh power co, Nepal’s electricity body
Order includes 400 KV double circuit transmission line from Bangladesh
Nepal order includes setting up of 132 KV Transmission Line
Gets Rs 123 Cr order from CORE to commission rail electrification work
Gets pipeline augmentation work in Rajasthan for Rs 366 Cr from a pvt client