By Alok Shukla*  Is the crisis of Coronavirus (Covid-19) being turned into an opportunity for mining companies? At least from the plans of the government for the coal mining sector, it would seem so. As the covid-19 (coronavirus) crisis deepened, Prime Minister Narendra Modi had urged that the crisis shouldContinue Reading

– globalbihari bureau New Delhi:   The Central Board of Indirect Taxes and Customs has determined the fresh forex rate to be effective from July 3, 2020. This has been don in supersession of the earlier notification of June 18, 2020. Following are the rate of exchange of conversion of eachContinue Reading

– globalbihari bureau New Delhi: The gross GST revenue collected in the month of June, 2020 is Rs. 90,917crore of which CGST is Rs. 18,980crore, SGST is Rs. 23,970crore, IGST is Rs. 40,302crore (including Rs. 15,709crore collected on import of goods) and Cess is Rs.7,665 crore (including Rs. 607 crore collected on import of goods). The government has settled Rs. 13,325crore to CGST and Rs.Continue Reading

– globalbihari bureau New Delhi: The Advisory Council members of the 15th Finance Commission on Friday referred to the “massive uncertainty going forward”, and appreciated that they had “tall challenges” in designing fiscal transfers for the five-year period. During the two-day virtual meetings that concluded on Friday, the Advisory CouncilContinue Reading

– globalbihari bureau New Delhi:  The Finance Ministry on Tuesday said “early green shoots” of economic revival had emerged in May and June with real activity indicators like electricity and fuel consumption, inter and intra-state movement of goods, retail financial transactions witnessing pick up, after the lockdown period. Claiming thatContinue Reading

– globalbihari bureau New Delhi: The Central Board of Indirect Taxes and Customs (CBIC) on Monday introduced  a ‘Secure QR coded Shipping Bill’ that would be electronically sent to exporters after the Customs allows export. This, the CBIC stated, would eliminate the requirement of the exporters having to approach theContinue Reading