Free Press Journal
  • IMF estimates ‘real’ depreciation of Indian rupee as 6 to 7 percent

    Washington: Compared to December 2017, the real effective depreciation of Indian rupee is between six and seven per cent, says an IMF estimate. Broadly since the beginning of the year, Indian rupee “has lost about 11 per cent of its value in nominal terms vis a vis the US dollar”, said IMF spokesperson Gerry Rice, responding to a question on the fall of the Indian currency in the last few months. He,

  • Indore: 30 sitting, ex-BJP MLAs want to contest on Congress ticket, says Kamal Nath

    Madhya Pradesh Congress Committee president Kamal Nath on Sunday said 30 sitting and former MLAs of BJP have expressed willingness to contest assembly elections on Congress ticket. “They are in my contact,” he said while addressing Meet the Press programme at Indore Press Club on Sunday.  “About 2300 people from across the state are willing to contest elections including sitting and former BJP MLAs,” he remarked.

  • mumbai, mumbaikars, anger, disgust, fuel price hike, GST, Goods Service Tax,

    Fuel likely to come under GST regime

    Mumbai: A day after the nationwide bandh called by the opposing Congress, the state government has decided to push its own proposal to bring petroleum products under the Goods and Services Tax (GST) regime. A meeting of the GST council will be held on September 28, is likely to make it a reality. Sudhir Mungantiwar, minister for finance and planning claimed once the proposal will be approved by the council, petrol prices

  • congress, minister of finance sudhir mungantiwar, Bharat Bandh, GST, fuel price hike

    Ministers urge Congress to support bringing fuel under GST

    Mumbai: Minister for Finance Sudhir Mungantiwar urged the Opposition party, Congress to direct its governments in the states to support Maharashtra government’s proposal to bring petroleum products under the purview of Goods and Services Tax (GST) in order to bring down the multiple taxes.

  • maharashtra, maharashtra traders, apmc, professional tax, GST, APMC market, Vashi

    Finance Ministry crafting strategy to boost GST revenues, engaging with states to identify issues

    New Delhi: Alarmed by a nearly four-fold rise in GST compensation to states for June-July, the Finance Ministry is crafting a strategy to shore up tax revenues and engaging with states to identify issues hindering their collections. Finance Secretary Hasmukh Adhia has started meeting with GST officers, both from central and state tax departments, in the state capitals to understand issues plaguing the GST collections. There has been a spike in the bi-monthly

  • Tax haven, GST, Maharashtra, Maharashtra sagging revenues, fiscal year,

    Tax haven: GST boosts Maha’s sagging revenues by 39 per cent

    Mumbai: A debt-ridden Maharashtra government has recorded positive growth since the rollout of the Goods and Services Tax (GST) on July 1, 2017. The state’s revenue surged by Rs 25,000 crore or 39.52 per cent in the first quarter of the current fiscal year. According to Sudhir Mungantiwar, minister for finance and planning, the reason for the growth is the huge ‘consumer’ population of the state, and the huge per capita income

  • Rupee, fuel pose double whammy: Iata

    NEW DELHI: India’s passenger carriers are suffering from a “double whammy” of a steep rise in fuel costs and a decline in the Indian rupee’s value, global airlines association Iata said on Tuesday.

  • mumbai, mumbaikars, anger, disgust, fuel price hike, GST, Goods Service Tax,

    Mumbaikars lash out in anger, disgust over fuel price hike

    Mumbai: People were filling only one litre or less petrol on hopes that the prices will come down in the coming days. “It is time the government brings fuel prices under the ambit of Goods and Services Tax (GST) or cut excise rates. It is too expensive a fare to pay on a regular basis,” said Vivek Hande, a Worli resident. “There should be some cap on revision of fuel rates every

  • Bring petrol, diesel under GST immediately, says P Chidambaram

    New Delhi: Criticising the Centre over the “relentless” rise in prices of petrol and diesel, former Finance Minister P. Chidambaram on Monday said that the Congress party demands petrol and diesel be brought under the Goods and Services Tax (GST) immediately.

  • finance commission, mumbai, congress, National Agriculture Development Scheme, farmers, incidences of suicide

    Maharashtra: Congress slams government on plan to levy cess on water from deep wells

    Kolhapur: The Congress Saturday criticised the Maharashtra government for its plan to levy cess on extraction of water from deep wells calling the move as anti-farmers. The opposition party also taunted the BJP-led government saying that tax should be imposed on the speeches of Prime Minister Narendra Modi and Chief Minister Devendra Fadnavis as well for giving “false promises” to people. “The BJP governments at the Centre and in Maharashtra are anti-farmer. After

  • Modi govt selling petrol, diesel cheaper abroad, alleges Cong

    The monstrous taxes being levied by the govt have resulted in the skyrocketing petrol and diesel prices. The Modi govt has already profited by over Rs 11 lakh cr from draconian taxes on fuel , Randeep Surjewala Congress chief spokesperson.

  • Independence Day 2018: Fair growth but no fairytale

    Independence was good for India. We have good data from our economic historians. It shows that from 1900 to 1950, India’s GDP has been growing roughly at 1.5 per cent per annum. Population growth that time used to be quite rapid, and later, it grew even faster. But population growing at 1.5- 2 per cent meant per capita income is holding steady or falling a little. There was no growth per capita

  • Bhopal: Ayushman Bharat Scheme to be launched on September 25

    Bhopal: Principal secretary of health Gauri Singh in a meeting called by chief secretary BP Singh on Ayushman Bharat Scheme, said had Centre not extended the launch date, the scheme could have met the fate of the GST move. Earlier, the Centre had decided to launch the said scheme from August 15. It is now decided to launch the scheme on September 25, which is the birth anniversary of Deendayal Upadhayaya.

  • GST on more items to be slashed if revenue increases: Finance Minister Piyush Goyal

    New Delhi: Finance Minister Piyush Goyal today said the capacity to slash the GST rates on more items would go up as Goods and Services Tax (GST) revenues and the compliance rate increases and the economy formalises. Goyal was speaking in the Lok Sabha after moving four bills seeking to amend the Goods and Services Tax (GST) laws for consideration and passage. The bills were Central GST (Amendment) Bill, Integrated GST (Amendment) Bill,

  • Tax haven, GST, Maharashtra, Maharashtra sagging revenues, fiscal year,

    GST slabs may be reduced to 3

    Kolkata : In the long-term, Goods and Services Tax (GST) slabs may come down to three, in addition to the exempted category, Sanjeev Sanyal, Principal Economic Adviser to the Finance Ministry, on Saturday said.

  • States to test GST cashback for payments via Rupay, BHIM app: Piyush Goyal

    New Delhi: States will roll out on pilot basis incentives for digital transactions through Rupay card and BHIM app under the GST, Finance Minister Piyush Goyal said today. The GST Council, chaired by Goyal, in its meeting here today also decided to set up a Group of Ministers (GoM) under Minister of State of Finance Shiv Pratap Shukla to look into the issues of the MSME sector.