Karnataka trade fair on millets

Source: The Hindu Business Line, Nov 06, 2017

Bengaluru: The Karnataka government is organising an international trade fair on organics and millets here from January 19 to 21 to provide a platform for farmers, buyers, sellers and exporters of organic produce and millets.

It will also provide an opportunity for farm equipment manufacturers to showcase their products and expertise, a release said. Karnataka Agriculture Minister Krishna Byre Gowda today unveiled the new website and logo of international trade fair, scheduled to be held at Palace Grounds here.

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GST Council to meet on Oct 6, may dole out sops to exporters

Source: Times of India, Sept 20, 2017

NEW DELHI: The 22nd meeting of the GST Council, chaired by Union Finance Minister Arun Jaitley, will be held on October 6 to deliberate on GSTN glitches and ironing out issues faced by exporters, a ministry official has said.

The meeting was scheduled to be held on October 24 but was preponed in view of the engagements following Diwali festival.

The next meeting of the Council will be held through video conferencing on October 6, the official said.

This will be the second time that the Council meeting would be held through video conferencing. The last such meeting was held on July 17 — the first meeting after the roll out of Goods and Services Tax (GST) from July 1.

21st GST Council meet in Hyderabad on Sept 9

Source: The Hindu Business Line, Aug 23, 2017

Hyderabad: The next GST Council meeting will be held here on September 9, a senior official in Telangana government said today. This will be the third meeting of the council since the launch of the Goods and Services Tax (GST) on July 1 and the 21st since it was set up in September last year.

“The meeting will be held in Hyderabad. Union Finance Minister Arun Jaitley will be heading the meeting. The agenda will be fixed soon,” the official told PTI. “Our (Telangana) government is going to raise the issue of tax concession for government projects, besides other subjects such as concession for Beedi industry and granite,” he said.

The council, chaired by Jaitley and having state finance ministers as members, has over the past 10 months ironed out various contentious issues and decided on a four-tier tax structure of 5, 12, 18 and 28 per cent.

Meanwhile, out of 2.16 lakh VAT registrations in the state, as many as 1.96 lakh vendors have enrolled under the GST and the migration was smooth, the official said. “The remaining are basically those who have the turnover below Rs 20 lakh,” the official said, adding that the deadline for filing returns for the month of July has been extended up to August 25.

Under certain circumstances, the traders will be allowed to file their returns till September 5.

 

ADB proposes $10-bn loan for India over next 5 years

download.pngSource: Business Standard, June 30, 2017

The Asian Development Bank (ADB) has proposed additional loan support to India of $10 billion, over the next five years.

In the country on a three-day trip, ADB President Takehiko Nakao on Thursday told the media that the ADB was looking to increase its footprint in India. Half the loan amount would be for the development of the East Coast Economic Corridor.

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RCEP pact: 700 officials from 16 nations to meet in Hyderabad

Source: The Economic Times, June 28, 2017

NEW DELHI: About 700 officials from 16 countries including India, China and Australia would gather in Hyderabad next month to negotiate the proposed mega trade deal – RCEP.

This would be the 19th round of negotiations for Regional Comprehensive Economic Partnership (RCEP) agreement. The last meeting was held in the Philippines in May.

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New car brands gear up for 2018 Auto Expo

index.jpgSource: Business Standard, June 06, 2017

New Delhi: The 2018 Auto Expo, the country’s largest and biennial automobile show, will be different in more than one way from the earlier one, held in 2016.

There will be new names and brands, such as Kia, Peugeot and MG (from Chinese company SAIC), all planning to enter the growing Indian car market. Lexus, luxury car brand of Japan’s Toyota, is also likely.Volkswagen and General Motors (GM), earlier regulars, will not be seen this year. Some are seeking larger space.

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FY16 was record year for wind power installations

index.jpgSource: The Hindu Business Line, Apr 13, 2016

Chennai: The domestic wind power sector has recorded its best-ever performance in 2015-16, reaching 3,472.15 MW in country-wide installations — compared with 2,312 MW in the previous year.

The previous highest was 3,164 MW in 2011-12, the only other year in history when the domestic wind sector posted fresh capacity additions exceeding the 3K-mark. The sector was buoyed by Madhya Pradesh, which saw fresh capacity addition of 1,292 MW, the highest for any State in any year.

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