Coimbatore, July 1 (KNN) The micro, small and medium enterprises (MSMEs) should be treated as a priority sector and a special budget provision should be there for them, said Coimbatore District Small Industries Association (CODISSIA) while sharing its budget expectations with KNN India.
West Bengal Finance Minister Amit Mitra came down heavily on the current as well as proposed mechanism of filing goods and services tax (GST) returns as well as "distortion" in the rate structure on Monday, when the Union government celebrated two years of the roll-out of the indirect tax regime.
For the last few years, there has been a tug of-war between the Reserve Bank of India (RBI) and the central government, as the latter wants access to the bank’s “excess reserves”.
All eyes are on what policy mechanisms will the Hon. Finance Minister of India use in Budget 2019-2020, to boost consumption and investments in India. Amongst the wide variety of available strategies, a focus on utilising tax-rebate strategies such as allowing high accelerated depreciation to promote new investments in areas of the economy that require investments is one that can help significantly.
New Delhi: Kicking off celebration to mark two years of the Goods and Services Tax (GST) implementation, the finance ministry will on Monday come up with further reforms in the indirect tax system with introduction of new return system, rationalisation of cash ledger system and a single refund-disbursing mechanism, among others.
Punjab & Sind Bank has set up the Centralised MSME & Retail Group (Cen-MARG) for credit facilities at its head office in the national capital.