Thursday, December 19

Tag: Maharashtra

India Remains a Bright Spot in Global Economy
30Nov By adminNo Comments
World

India Remains a Bright Spot in Global Economy

NEW DELHI—India continues to outperform other major economies, economists said, thanks to continued strength in services and industry even as weak rainfall hurts agricultural harvests.Gross domestic product in the three months ended Sept. 30 rose 7.6% from a year earlier, according to government data issued Thursday. That was only slightly lower than the 7.8% expansion recorded in the preceding quarter.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Hard on Pocket: Liquor in Maharashtra Bars, Cafes to Become Costlier from Nov 1 | Here’s Why
21Oct By adminNo Comments
Business

Hard on Pocket: Liquor in Maharashtra Bars, Cafes to Become Costlier from Nov 1 | Here’s Why

Last Updated: October 21, 2023, 18:55 ISTThere is no rise for liquor services in star hotels. (Representational Image/Shutterstock)Notably, there will be no rise for liquor services in star hotels as they are already paying higher VAT. Currently, the VAT imposed on the liquor services at star hotels stands at 20 per centLiquor served in bars, lounges, and cafes will get costlier in Maharashtra as the state government has decided to increase the Value Added Tax (VAT) by 5 per cent from November 1 for permit room liquor services. However, the rise in tax rate will not affect over-the-counter sales at wine shops.As per a report in Times of India, a government resolution regarding the same was issued on Friday. After this, the total VAT rate on permit room liquors will be a total of 10 per ce...
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Maha CM announces Rs 45,000 cr package for development of Marathwada
16Sep By adminNo Comments
Business

Maha CM announces Rs 45,000 cr package for development of Marathwada

Maharashtra Chief Minister Eknath Shinde on Saturday announced a package of Rs 45,000 crore for the development of Marathwada region in the state. Apart from this, he also announced revised administrative sanctions for irrigation projects worth Rs 14,000 crore. He made the announcements at a press conference here after a special meeting of the state cabinet. The state government held the cabinet meeting in the city on the occasion of the 75th anniversary of the Marathwada Liberation Day, also known as Marathwada Mukti Sangram Din, celebrated on September 17 annually. Marathwada was once a part of the Nizam-ruled Hyderabad kingdom. It was after a gap of seven years that a meeting of the state cabinet was held in Marathwada. The last such meeting was organised in the re...
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Fiscal Health: Chhattisgarh Second Best After Maha; Bengal, Punjab, Kerala Biggest Laggards
13Aug By adminNo Comments
Business

Fiscal Health: Chhattisgarh Second Best After Maha; Bengal, Punjab, Kerala Biggest Laggards

Chhattisgarh, one of the poorest states in the country, is the second best in overall fiscal health scorecard after Maharashtra, and ahead of Telangana, while the bottom three are Bengal, Punjab and Kerala, shows a report by a foreign brokerage.Based on the FY24 first budget estimates, the top three states are Maharashtra, Chhattisgarh and Telangana, and the bottom three states are Bengal, Punjab and Kerala, shows a report on the fiscal health of the key 17 states, penned by Kaushik Das, the chief economist at Deutsche Bank India.Based on the FY23 revised budget estimates, Maharashtra tops the ranking, followed by Chhattisgarh, Orissa, Telangana and Jharkhand. In contrast, Bengal fares the worst, followed by Punjab, Bihar, Rajasthan and UP, Kerala moving out of the worst five; while Andhr...
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New Covid Variant: Is COVID variant Eris driving a surge in cases in Maharashtra right now? Here’s what we know
8Aug By adminNo Comments
Entertainment

New Covid Variant: Is COVID variant Eris driving a surge in cases in Maharashtra right now? Here’s what we know

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Hopeful of finalising certain FTAs in next few months: Piyush Goyal
29Jul By adminNo Comments
Business

Hopeful of finalising certain FTAs in next few months: Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Saturday said he is hopeful of India finalising certain free trade agreements (FTAs) in the next few months, which would help promote exports. India is in the final stages of concluding FTA negotiations with the UK. The country is also negotiating similar pacts with Canada and European Union (EU). "We can leverage the free trade agreements with the UAE and Australia and we are hopeful that in the next few months, we will finalise many more free trade agreements to help you grow your business with zero duty on finished leather products and footwear available for you to exploit bigger and better markets," Goyal said while addressing footwear industry representatives here. The minister also asked the industry to focus...
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NCP’s Ajit Pawar sworn in as deputy CM in Eknath Shinde-led Maha govt
2Jul By adminNo Comments
Business

NCP’s Ajit Pawar sworn in as deputy CM in Eknath Shinde-led Maha govt

Marking a vertical split in the Nationalist Congress Party (NCP), its senior leader Ajit Pawar joined the Eknath Shinde-led Maharashtra government as deputy chief minister on Sunday. The presence of NCP president Sharad Pawar and party's working president Supriya Sule at the Opposition meeting in Patna had irked Ajit Pawar and his supporters, sources said. While Ajit Pawar was sworn in as the deputy chief minister by Governor Ramesh Bais at the ceremony held in the Raj Bhawan, eight other NCP leaders took oath as ministers. Those who were sworn in as ministers are Chhagan Bhujbal, Dilip Walse Patil, Hasan Mushrif, Dhananjay Munde, Aditi Tatkare, Dharmarao Atram, Anil Patil and Sanjay Bansode. Maharashtra Assembly Speaker Rahul Narwekar, who was present i...
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Target-based incentives to attract 18% GST
20Jun By adminNo Comments
Business

Target-based incentives to attract 18% GST

MUMBAI: The Maharashtra bench of the GST-Appellate Authority for Advance Rulings (AAAR) has held that the incentive earned by the reseller, from a US entity, is not in the nature of a ‘trade discount’. In other words, the reseller will have to bear a goods and services tax (GST) of 18% on such an incentive, which was based on attaining quarterly targets on eligible Intel products.The US entity was selling goods through its distributors. The appellant — MEK Peripherals, a private company — purchased goods from these distributors for onward sale to retailers. It submitted to the AAAR that there is no bar under GST laws or under common law that the trade discount should flow from the immediate vendor only, as it can also flow directly from the original manufacturer (US entity).The AAAR bench...
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