Articles published by the local newspaper Asli Azadi and TOI, Mumbai Edition.
Dear all,
Your association SIMA is forwarding herewith Articles published by the Times of India, Mumbai Edition and local newspaper Asli Azadi, dated 04.12.2019.
1. GST Council begins review of rates, items to raise revenue: TOI, dated 04.12.2019.
(States Told To Examine Cess & Exemptions)
The government has begun discussions with states for a possible revamp of the goods and services tax, which may include bringing some of the exempted items under the ambit of the levy while reviewing the rates and the cess on all goods and services, as part of an exercise to shore up revenue.
In a letter to states, the GST Council has given a full menu of options and sought their feedback ahead of a meeting of ministers which is expected before the end of the month. The move comes at a time when tax collections have been hit, which authorities believe is due to a massive reduction in rates...To read the full article PLEASE CLICK HERE.
2. PSBs, give ₹4.9L cr loans under an outreach scheme: TOI, dated 04.12.2019.
State-run banks have disbursed loans worth Rs 2.4 lakh crore in November, taking the total disbursement to MSMEs, NBFCs, companies, retail and agriculture borrowers to Rs 4.9 lakh crore.
Finance and corporate affairs minister Nirmala Sitharaman, had announced in September the launch of customer outreach initiative by public sector banks (PSBs) to improve credit delivery and support needs of the economy, with particular focus on MSMEs, NBFCs, corporates, retail, and agriculture sector borrowers, without compromising on prudential lending norms. The customer outreach in October 2019 resulted in total credit disbursement of Rs. 2.5 lakh crore...To read the full article PLEASE CLICK HERE.
3. Govt set to close loss-making PSUs: TOI, dated 04.12.2019.
(No Repeated Attempts At Divestment And Endless Wait To Get Buyers)
The government will recommend loss-making PSUs identified for strategic stake sale for closure and will not wait endlessly and won’t make repeated attempts to get a bidder.
The Centre has taken a political call to accelerate the strategic sale of loss-making PSUs as some of them have been waiting for years to get a buyer, sources said. “There are several cases where the disinvestment process has been going for years. There is very little interest in some of the companies. Keeping all these factors in mind, it has been decided that wherever buyer interest is muted we will recommend for the closure of the unit...To read the full article PLEASE CLICK HERE.
4. Newspaper article published by the local newspaper Asli Azadi, dated 04.12.2019.
The Parliament on Tuesday passed a bill to merge two Union territories Daman and Diu, and Dadra and Nagar Haveli into one unit...To read the full article PLEASE CLICK HERE.
Thanking you,
With regards,
For Silvassa Industries & Manufacturers Association
Narendra Trivedi
Secretary
