The commerce Commerce ministry to make changes in export schemes

GST ministry may have to make certain changes in the export related schemes due to the implementation of the Goods and Services Tax (GST), a senior official today said. The commerce ministry may have to make certain changes in the export related schemes due to the implementation of the Goods and Services Tax (GST), a senior official today said. Director General of Foreign Trade (DGFT) A K Bhalla also said that the ministry is currently undertaking the stakeholders' consultation for the mid-term review of the Foreign Trade Policy (FTP) "There is going to be certain changes (in the FTP)" due to the implementation of GST, he said here at the function of Federation of Indian Export Organisations (FIEO) here.

Panel to fast-track ramping up steel PSUs modernisation 

The government has set up a committee to suggest measures to fast-track the ramping up of modernisation of the steel sector public sector firms -- SAIL and RINL. The government has set up a committee to suggest measures to fast-track the ramping up of modernisation of the steel sector public sector firms -- The panel is being chaired by Steel Secretary and has CMDs of SAIL and RINL as its members, a source privy to the development said. 

Sachin Tendulkar, Rekha must resign from RS if not interested, says

 MP Congress leader Rajiv Shukla today said the issue of low attendance of Sachin Tendulkar and Rekha in the House was being raised because they are celebrities. Congress leader Rajiv Shukla today said the issue of low attendance of Sachin Tendulkar and Rekha in the House was being raised because they are celebrities. "There are many members who do not come to the House but the issue of their absence is not being raised. Reason being, they are not celebrities. These two are celebrities, that is why people are raising the issue," Shukla told reporters outside the Parliament Earlier, SP leader Naresh Agarwal had raised questions over the low attendance of nominated members of Rajya Sabha, like cricketing icon Sachin Tendulkar and Bollywood actress Rekha, in the House. "I am not defending them but at the same time they cannot be forced to attend," Shukla said, adding that many members, including Agarwal, were not present yesterday during the voting on Finance Bill. 

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Arun Jaitley briefs MPs about GST bills introduced in Lok Sabha 

Jaitley told MPs that the passage of these bills, which were introduced in the Lower House yesterday, will result in one-nation one-tax regime, Parliamentary Affairs Minister Ananth Kumar told reporters after the meeting. Finance Minister Arun Jaitley today briefed lawmakers about the four GST bills introduced in Lok Sabha which will be taken up for consideration tomorrow. Jaitley told MPs that the passage of these bills, which were introduced in the Lower House yesterday, will result in one-nation one-tax regime, Parliamentary Affairs Minister Ananth Kumar told reporters after the meeting The Finance Minister explained in detail the four bills--Central GST, Integrated GST, Union Territory GST and the Compensation Law--to MPs and how they would be beneficial to the common man. 

BHEL commissions another 250 mw eco-friendly unit in Gujarat" 

State-owned power equipment maker today said it has commissioned a 250-mw eco-friendly unit, using low grade coal (lignite) as primary fuel. The lignite-based thermal unit, based on circulating fluidised bed combustion (CFBC) technology, is the second such facility to be commissioned at Bhavnagar Energy Company's (BECL) 2x250 mw thermal power project at Padva in Bhavnagar district of Gujarat, a BHEL statement said. According to the statement, the first unit of the project was commissioned earlier in May 2016. The project is based on CFBC technology – an environment friendly one to utilise India's large resource of low grade, high moisture lignite. 

Arun Jaitley paves way for landmark tax reforms

 The legislation, which has broad support and is expected to pass parliament with ease, is part of the biggest tax reform the government has undertaken since India's independence in 1947. India's finance minister Arun Jaitley paved the way for landmark tax reforms on Monday, introducing four bills on the goods and services tax (GST) in the lower house of parliament. The legislation, which has broad support and is expected to pass parliament with ease, is part of the biggest tax reform the government has undertaken since India's independence in 1947. The tax reforms, which aim to unify most federal and state taxes, are expected to boost economic growth by about 0.5 percentage points in its first year of implementation.

BJP members in the Maharashtra Legislative Assembly today took 

Strong objection to inaction against government officials allegedly involved in irregularities in procurement of CCTV cameras and computers in Akola Zila Parishad. The issue came up in the Question Hour after BJP legislator Randhir Savarkar and others wondered how CCTV cameras procured by the Akola ZP for Rs 30,000 per piece could be bought by him for only Rs 5,000 He alleged a scam of Rs 30 lakh in the ZP. Rural Development Minister Pankaja Munde said she would again order an inquiry into the matter, to be completed in a month's time She also assured that if District Collector and other officials are involved, action would be taken against them. The minister said the Collector had earlier told her that there were no irregularities but she was not satisfied with the reply, and hence she was ordering a fresh probe.Savarkar demanded that if she was not satisfied with the Collector's priliminary probe, action should be taken against him.