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Economy
GST Council proposes interest, penalty waiver on tax dues
![GST Council proposes interest, penalty waiver on tax dues](https://img.etimg.com/thumb/msid-111195818,width-362,height-240,imgsize-67240,resizemode-4/news/economy/policy/gst-council-proposes-interest-penalty-waiver-on-tax-dues.jpg)
The GST Council, chaired by Union Finance Minister Nirmala Sitharaman, empowered tax authorities to waive interest and penalties on past tax demands, aiming to ease compliance for GST assessees.
India's social welfare schemes don't speak to each other: Andaleeb Rahman, Cornell University academic
Prime Minister Narendra Modi initiated the transfer of funds for PM-Kisan and approved housing assistance under Pradhan Mantri Awas Yojana. In 'The Future of India’s Social Safety Nets,' Andaleeb Rahman and Prabhu Pingali advocate for a systemic approach to social welfare programs.
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Dissenters say real rates too high, could hurt growth
India imposes stock limits on tur, chana to cool prices
Former RBI DG Mundra asks regulators to 'introspect' after recent instances of unease, rulings
India's May oil imports: Russia at record high, Saudi lowest in 10-month
MPC minutes: Panelists flag incoming impact of 'exceptionally' warm summer months on food inflation
Reduce GST slabs, hike exemption threshold for firms with up to Rs 1.5 cr turnover: GTRI
Agriculture
Govt buys 71,000 tonnes of onion for buffer stock; expects retail prices to ease with normal monsoon
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- Agri Minister asks states to encourage farmers to register on e-Samridhi portal to avail procurement benefits
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Finance
GST Council fixes monetary limit for filing of appeals before various legal forums
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- RBI's timely action reduced vulnerabilities in unsecured loans: Shaktikanta Das
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Foreign Trade
India's May oil imports: Russia at record high, Saudi lowest in 10-month
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Indicators
States hike in healthcare expenditure to help meet India's '2.5% of GDP' target
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- Reduce GST slabs, hike exemption threshold for firms with up to Rs 1.5 cr turnover: GTRI
- RBI MPC minutes: Panelists flag incoming impact of 'exceptionally' warm summers on food inflation
- Retail inflations for farm, rural workers remain almost flat in May
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Policy
GST Council proposes interest, penalty waiver on tax dues
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- GST Council proposes interest, penalty waiver on tax dues
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