India Inc., ready for GST rollout on July 1, CII
The Dollar Business Bureau The Confederation of Indian Industry recently said that most traders and businesses in India are ready for GST implementation from July 1. Most of them approve the Government’s decision of GST as it would contribute significantly towards economic growth, trade expansion and increase in employment in the country. Speaking to the media, CII Director General, Chandrajit Banerjee said, "GST has been finalised after a collaborative and consultative approach and we look forward to its introduction. It is the most significant indirect tax reform introduced in the country since Independence.” CII has been organising over 100 workshops across the country to enable traders and businesses to comply with the new regulations. A helpline has been established where participants can request for ...
WTO peace clause required until food security concerns are addressed: Indias Finance Minister
The Dollar Business Bureau | @TheDollarBiz Arun Jaitley, Finance Minister, Government of India, speaking at the event (Pic source - WEF India Summit 2014) The Indian government has urged the WTO to allow the peace clause on Public Food Stockholding to continue until a permanent solution is found to help build a consensus on the adoption of the Trade Facilitation Agreement (TFA). Speaking at the 29th India Economic Summit held by the World Economic Forum (WEF) in partnership with the Confederation of Indian Industry (CII), in New Delhi today, Arun Jaitley, Finance Minister, Government of India, said that India supports TFA, but has concerns over food security. Jaitley said, “There is no ideological opposition on this issue. Even without a commitment to ...
