Govt clears GST amendments, states to be compensated for 5 years

Last Updated: Wednesday, July 29, 2015, 20:55

The Cabinet decided that the modalities for levy of 1 percent tax over and above the GST rate by states as well as the 'band' rate would be finalised while framing the rules, sources said.

Cabinet okays new Consumer Protection Bill

Last Updated: Wednesday, July 29, 2015, 20:37

The Cabinet on Wednesday approved a new Consumer Protection Bill 2015 that seeks to replace a 29-year-old law and proposes to set up a regulatory authority which will have powers to recall products and initiate class class suit against defaulting companies, including e-tailers.

Cabinet likley to approve new Consumer Protection Bill today

Last Updated: Tuesday, July 28, 2015, 23:37

The Cabinet is likely to approve Wednesday a new Consumer Protection Bill 2015, that seeks to replace the existing law and proposes setting up a regulatory authority to curb unfair trade practices.

Govt extends interest subvention on crop loans for farmers

Last Updated: Tuesday, July 21, 2015, 23:14

The government on Tuesday extended the interest subvention scheme to banks to ensure availability of crop loans of up to Rs 3 lakh to farmers at 7 percent per annum.

Govt extends scheme to boost electronics manufacturing by 5 years

Last Updated: Tuesday, July 21, 2015, 22:16

To boost manufacturing of electronics items, the government on Tuesday extended the 'Modified Special Incentive Package Scheme' (MSIPS) by five years and also expanded the scope of the programme to cover 15 new product categories.

'Composite cap on FDI to remove confusion among investors'

Last Updated: Friday, July 17, 2015, 16:40

Introduction of the composite cap concept in the FDI policy will remove confusion among investors with regard to multiple limits on various categories of overseas investments such as FII, Commerce and Industry Minister Nirmala Sitharaman Friday said.

Composite cap on FDI creates confusion over FII limit in banks

Last Updated: Thursday, July 16, 2015, 21:56

Government's decision to introduce composite caps on foreign investment has led to confusion among bankers who say overseas portfolio investments can now go up to 74 percent as against the current ceiling of 49 percent.

Foreign investments get composite caps; retailers to benefit

Last Updated: Thursday, July 16, 2015, 16:57

The limit of portfolio investment in banking is capped at 49 percent while in defence it is 24 percent.

Cabinet approves Rs 8,548 cr power transmission project

Last Updated: Thursday, July 16, 2015, 15:10

The Union Cabinet on Thursday approved a power transmission project worth Rs 8,548.68 covering seven states including Andhra Pradesh, Gujarat and Maharashtra.

Cabinet to decide on composite foreign investment caps tomorrow

Last Updated: Wednesday, July 15, 2015, 19:57

Seeking to streamline the foreign investment regime, the Union Cabinet is expected to take a decision Wednesday on introducing a composite cap which will include FDI, FII and other instruments in various sectors.