24.09.18 Economic News
👉Gujarat HC allows Payment of GST Arrears in Installments
👉Goods and Services Tax Network (GSTN) directs its Software Vendor Infosys to Design New Forms for Filing Returns by Traders. The Group of Ministers also identified 18 companies across the country to develop a Uniform Accounting Software for the smaller tax payers.
👉The E-Wallet Mechanism for Exporters under the GST regime may not launch on its proposed date of October 1, as required infrastructure is still not in place. GST Council has said that more time will be required to address Legal, Administrative and Technical Issues
👉Government Begins Consolidation of Regional Rural Banks along with the public sector lenders and intends to bring down their number to 36 from the existing 56.
👉The Commerce Ministry is planning to invest ₹ 1,500 Crore to develop 40 Export-Oriented Clusters under the Proposed Agriculture Export Policy.
👉RBI shortlists five IT firms including Infosys and TCS for implementation of a Centralised Information and Management System (CIMS) for Seamless Data Collection and Validations.
👉BSE will move out 8 Companies from the Additional Surveillance Measure (ASM) Framework from September 24.
👉Taiwan takes India to WTO’s Safeguard Committee on Solar Duty. India had imposed Safeguard Duty of up to 25% on Solar Cells Imports from China and Malaysia for two years to protect domestic players from steep rise in inbound shipments.
