Department of Biotechnology in the ministry of science and technology, Government of India, has constituted a Field Inspection and Scientific Evaluation Committee (FISEC) to investigate the matter of illegal cultivation of Herbicide Tolerant (HT) or BG-III cotton in the country. FISEC will investigate cultivation of HT cotton in four states.

NEW DELHI: IN its first interaction with Members of Parliament, the 15th Finance Commission was asked to come up with a roadmap for compensation for losses to states due to the implementation of the Goods and Services Tax (GST).

With finance ministry probing as many as 53 companies for not passing on the benefits of GST to final consumers, initial investigations show that the concentration remains the highest among real estate and FMCG companies.

India’s annual rate of inflation, based on monthly wholesale price index (WPI), stood at 2.48 per cent for the month of February 2018 over same month of last year. The index for apparel increased by 0.4 per cent to 139.0 in February, according to the provisional data released by the Office of the Economic Adviser, ministry of commerce and industry.

Analysts say that with the CPTPP (the TPP, now without the US), Vietnam’s expected benefits from the free trade agreement would be lower than it would have been with the TPP with the US.  US President Donald Trump withdrew the US from the TPP after he was elected last year. 

The overall structure of Goods and Services Tax (GST) for the textiles sector should be reconsidered to protect India’s domestic industry, a Parliamentary Committee has suggested.