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GST exemptions may cost govt up to `8K cr

DNMUM429750 | 1/11/2019 | Author : Sanjay Jog | WC :492

Mumbai: The government may lose about Rs 5,200 crore annually following the GST Council’s decision to double the exemption limit for payment of goods and services tax (GST) to Rs 40 lakh by micro, small and medium enterprises (MSMEs).
Besides, the government may also have to take hit of another Rs 3,000 crore, according to a GST Council member, who did not want to be named. This would be on account of the revision in GST Composition Scheme that can be availed of by small traders and businesses having a turnover of Rs 1.5 crore, up from the earlier Rs 1 crore, and making service providers and suppliers of both goods and services up to a turnover of Rs 50 lakh eligible to for GST Composition Scheme and pay a tax of 6%.
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Reliance says main KG-D6 gas fields in ‘late life stage’
DNMUM439650 | 7/22/2019 12:00:00 AM | Author : DNA Money Correspondent | WC :462

Mumbai: To reverse the decline in production of natural gas fields in KG-D6 block in Bay of Bengal, Reliance Industries (RIL) said it is likely to start production at the three new sets of discoveries in the block by mid-2020.
The production decl
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Air India asked to freeze appointments, promotions
DNMUM439651 | 7/22/2019 12:00:00 AM | Author : DNA Money Correspondent | WC :486

Mumbai: Even as the process for disinvestment of national carrier Air India is already set in motion, the government has asked the airline management to start new flights only if it is extremely necessary after due diligence of commercial interest. <
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‘Many iron ore mines will be auctioned in Mar 2020’
DNMUM439652 | 7/22/2019 12:00:00 AM | Author : Swati Khandelwal | WC :905

Sandeep Kumar, managing director, Tata Metaliks, speaks about the quarterly performance of the company, impact of iron ore prices on the margins and availability of coking coal during an interview with Swati Khandelwal.

Tata Metaliks has post
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Look at claims settlement ratio while buying term insurance plan
DNMUM439658 | 7/22/2019 12:00:00 AM | Author : Abeer Ray | WC :1019

Though an increasing number of people are now realising the value of term insurance, a major percentage of the Indian population continues to be ignorant about the new term insurance plans sold by both public and private players in the market. This,
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