India set to decide services rate in GST this week:
PTI | New Delhi | April 16, 2017
Tax officials of the central and state governments will hold their maiden meeting this week to evolve a formula for the tax rate to be levied on services under the Goods and Services Tax (GST) regime from July 1.
The task before the panel is to keep the impact of GST on inflation and prices near neutral or zero. The fitment committee is likely to hold more meetings before the GST Council’s meeting on May 18-19, where tax rates for different products and services are to be finalised to enable the rollout of the biggest tax reform (see more)
Import cargo processing area set up:
A dedicated import cargo processing area has been established at the Tiruchi international airport. The facility catering exclusively to import cargo dispatched in foreign airlines has been created adjoining the existing export freight terminal.
The need for a dedicated import cargo processing area was felt as the one which existed earlier was converted into a full-fledged international courier terminal which is awaiting commissioning for several months now (see more)
MAICCI to crystallise M’sia-India business deals worth RM159bil:
Monday, 17 April 2017
KUALA LUMPUR: As the dust settles from the recent official visit by the Prime Minister Datuk Seri Najib Tun Razak to Chennai and New Delhi, the Malaysian Associated Indian Chambers of Commerce and Industry (MAICCI) is taking steps to crystallise the various business arrangements that were signed during the trip
MAICCI president Tan Sri Kenneth Eswaran said that this was the most successful visit to India by any Malaysian Prime Minister. He said Najib gave valuable insights to Indian businessmen in a candid conversation. “The Prime Minister talked about the vast economic and business potential available to India’s investors,” Eswaran told StarBiz in an interview (see more)
Govt to go hi-tech to assess condition of roads:
Dipak K Dash| TNN | Apr 16, 2017, 10.17 PM IST
NEW DELHI: The road transport ministry and the National Highways Authority of India (NHAI) will use technology to assess the condition of roads including potholes, roughness and particularly the drainage system before monsoon sets in.
He added that while the ministry is putting more thrust on expanding existing highways and building new ones, there is also increased focus on maintenance. “Maintaining roads has been a big concern and we are trying to address it objectively. There is a plan to ensure that 50% of employees posted at headquarters in NHAI and the ministry should be deployed in the field,” the official said(see more)