30,000 Punjab traders ‘skip’ GST switchover

30,000 Punjab traders ‘skip’ GST switchover

Chandigarh : In what may be a major cause for concern for the state government, nearly 30,000 traders in Punjab, earlier registered under the Value Added Tax, have failed to migrate to the Goods and Services Tax (GST) regime. While some of them may be exempt from paying the GST — their annual turnover is […]

Flood-ready Funds drying up fast

Flood-ready Funds drying up fast

Chandigarh : The Irrigation Department got only Rs 40 crore this year against the estimated expenditure of Rs 350 crore on its preparedness for the rains. It is another matter that the state has so far not received enough rain that creates an emergency situation. But with the Met Department predicting heavy rain across the state […]

Lok Sabha passes Bill to extend GST to J&K

Lok Sabha passes Bill to extend GST to J&K

New Delhi, August 2 : Lok Sabha on Wednesday passed a Bill to extend the Goods and Services Tax (GST) to the state of Jammu and Kashmir with Finance Minister Arun Jaitley separately assuring that there was scope of clubbing of tax rates in the future. Jaitley while defending the GST said there cannot be […]

World Bank allows India to construct Kishanganga, Ratle projects in J&K

World Bank allows India to construct Kishanganga, Ratle projects in J&K

Washington, August 2 : India is allowed to construct hydroelectric power facilities on tributaries of the Jhelum and Chenab rivers with certain restrictions under the 1960 Indus Waters Treaty (IWT), the World Bank has said. The World Bank’s comments came as officials from India and Pakistan concluded the secretary-level talks over the IWT. Pakistan opposes the […]