Modi govt set to meet electrification target, but millions still in darkness

Modi govt set to meet electrification target, but millions still in darkness

Prime Minister Narendra Modi stormed to victory in 2014 on pledges to improve the lives of Indians, including bringing power to every citizen. Rural electrification became a cornerstone of Modi’s plan, which included connecting more than 18,000 villages by the...
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GST, demonetisation brought 1.8 million people under tax net: Govt official

GST, demonetisation brought 1.8 million people under tax net: Govt official

India has informed the UN that the Goods and Services Tax reform implemented by it, coupled with the demonetisation of high-value currency notes, has brought 1.8 million more people into the income tax net. Additional secretary in the ministry of...
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Real estate players blame govt for high prices and low demand

Real estate players blame govt for high prices and low demand

Suffering from lack of demand, eroding customer confidence and a gloomy future outlook, real estate players on Tuesday blamed the government for its woes and claimed that red tape was killing their business. Developers claimed lack of implementation of a sin...
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Govt notifies new accounting standard that comes into effect on April 1

Govt notifies new accounting standard that comes into effect on April 1

Companies will have to adopt more detailed revenue recognition ways from April 1 as the government has notified a new accounting standard. The corporate affairs ministry has notified Indian Accounting Standard (Ind AS) 115 which would be effective from the...
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India will need at least $125 billion to fund renewables dream: Govt official

India will need at least $125 billion to fund renewables dream: Govt official

India will need at least $125 billion to fund its ambitious plan to increase the share of renewable power supply in the country’s grid by 2022, a top government official told Reuters, underlining the immense financing challenge ahead. The nation...
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Plastic items, furniture may get cheaper as govt plans to cut GST rates on items in 28% slab

Plastic items, furniture may get cheaper as govt plans to cut GST rates on items in 28% slab

The GST Council may consider Friday reducing items in the 28% tax slab and slash rates for daily use items, plastic products and handmade furniture as it looks to provide relief to consumers. Four months after the Goods and Services...
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