Amazon, Flipkart seek rollback of new Indian tax on online sellers
and Walmart's Flipkart are among online retailers demanding that India
scale back a proposed tax on third-party sellers on their platforms,
saying the burden of compliance will hurt the fledgling industry,
according to documents seen by Reuters. The online retail industry is
braced for a possible 1% tax on each sale made by sellers on their
platforms from April if the proposal is approved by parliament next
FM Sitharaman reaffirms India's fiscal deficit won't be compromised
Minister Nirmala Sitharaman on Sunday asserted that there will not be
any compromise with respect to the country's fiscal deficit. Sitharaman
said the FRBM (Fiscal Responsibility and Budget Management) Act has been
kept in view and has been abided by while preparing the Budget 2021.
PM Narendra Modi inaugurates Rs 1,200 crore development projects in Varanasi
Minister Narendra Modi on Sunday inaugurated development projects worth
over Rs 1,200 crore at Varanasi in Uttar Pradesh. PM Modi, who reached
Varanasi on Sunday morning, also flagged off IRCTC's Maha Kaal Express
via video conferencing and dedicated Pandit Deendayal Upadhyay Memorial
Centre to the nation.
Unemployment: Number of jobless in UP rises by 58% to 34 lakh in two years
number of unemployed educated youth in India's most populous state,
Uttar Pradesh, has grown by over 12.5 lakh in last two years to 34 lakh,
Yogi Adityanath government said at the state assembly on February 14.
According to Centre for Monitoring Indian Economy (CMIE) data,
unemployment almost doubled in UP during 2019 compared to 2018.
About 92% of rich taxpayers filed annual returns for FY18: GSTN
GST Network on Sunday said around 92 per cent of large taxpayers with
turnover of over Rs 2 crore have filed annual returns for 2017-18
fiscal. With Goods and services tax launches on July 1, 2017, this is
the first time when businesses registered under GST have to file annual
return GSTR-9 and reconciliation statement GSTR-9C.
Arvind Kejriwal sworn-in as chief minister of Delhi for 3rd time
Kejriwal on Sunday, was sworn-in as chief minister of Delhi for the
third time. Kejriwal took oath as Delhi CM at Ramlila Maidan today. He
is the first and the only chief minister of Delhi who has preferred
Ramlila Maidan for his oath ceremonies, while his predecessors took oath
in the Raj Niwas. The 51-year-old leader, became the youngest chief
minister of Delhi when he was sworn for the first time on 28 December