Articles published by The Times of India and The Economic Times, Mumbai Edition.
Dear all,
Your association SIMA is forwarding herewith articles published by The Times of India and The Economic Times e-paper, Mumbai Edition, dated 05.12.2019.
1. State govt not keen to levy GST on exempted goods: The Times of India.
(FMs Meet Sitharaman To Demand Release Of Compensation)
Opposition, as well as BJP-ruled states, are not on board to reduce the number of goods that are exempted from GST, while some of them are open to adding high-end healthcare and coaching institutes to the list of taxed items, setting the stage for a possible face-off at a time when collections have been muted.
“Goods on the exempted list are mass-consumption items. No state will agree to include them,” said the finance minister of a BJP-ruled state. West Bengal finance minister Amit Mitra also dismissed the GST Council secretariat’s suggestion for a review of the list of exempted items......To read the full article PLEASE CLICK HERE.
2. Bharat Bond ETF Gets Cabinet Nod: The Economic Times.
(More Funds For PSUS Move aimed at deepening corporate the bond market, reducing the cost of borrowing in India.)
The Cabinet Committee on Economic Affairs on Wednesday approved the creation of Indi’s first exchange-traded Bharat Bond Exchange Traded Fund (ETF), a move aimed at deepening the corporate bond market and reducing the cost of borrowing in India.
Bharat Bond ETF is expected to create an additional source of funding for the Central Public Sector Undertakings (CPSUs), Central Public Sector Enterprises (CPSEs), Central Public Financial Institutions (CPFIs) and other government organizations......To read the full article PLEASE CLICK HERE.
Thanking you,
With Regards,
For Silvassa Industries & Manufacturers Association
Narendra Trivedi
Secretary
