Page 7 - Modi Administration News Today

Macrotech Developers (Lodha) announced that the company has outstanding claims from the World Crest society (society) members towards payment of maintenance charges of approximately Rs. 9 crore. The society/its members have not made payment of these amounts in spite of constant follow-up. It is understood that the society has filed a suit in the National Company Law Tribunal (NCLT) for payment of Rs. 7.2 crore from the Company. The Company has been advised that this is a contractual dispute a...

The domestic indices continued trading with losses in early afternoon trade. The Nifty index traded above 14,550-mark. Mounting COVID-19 cases continued in the country and a negative trend in Asian equities spoiled sentiment. At 12:20 IST, the barometer index, the S&P BSE Sensex, fell 329.20 points or 0.67% at 48,453.16. The Nifty 50 index lost 75.40 points or 0.52% at 14,555.70. In the broader market, the S&P BSE Mid-Cap index slipped 0.43% while the S&P BSE Small-Cap index rose 1.14%. The mar...

Benchmarks traded sideways with modest losses in mid morning trade. The Nifty hovered near the 14,550 level. FMCG and metal stocks bucked the weak market trend. Mounting COVID-19 cases continued in the country and a negative trend in Asian equities spoiled sentiment. At 11:23 IST, the barometer index, the S&P BSE Sensex, was down 346.65 points or 0.71% at 48,435.12. The Nifty 50 index declined 87.45 points or 0.6% at 14,543.10. In broader market, the S&P BSE Mid-Cap index was down 0.42% while ...

The gross Goods and Services Tax or GST revenue collected in the month of April 2021 is at a record high of Rs. 1,41,384 crore of which CGST is Rs. 27,837 crore, SGST is Rs. 35,621, IGST is Rs 68,481 crore (including Rs. 29,599 crore collected on import of goods) and Cess is Rs. 9,445 crore (including Rs. 981 crore collected on import of goods). The GST revenues during April 2021 are the highest since the introduction of GST even surpassing collections in the last month (March2021). In line wit...

The government has waived late fee on delayed filing of monthly return GSTR-3B and tax payment for the months of March and April and also cut interest rate for late filers. Taxpayers with a turnover of over Rs 5 crore have been given 15 days extra time to file monthly summary return GSTR-3B and pay taxes without paying any late fees. They would be required to pay a lower 9 per cent for these 15 days, after which the rate would be 18 per cent. While those with a turnover up to Rs 5 crore in ...

The Ministry of Road Transport and Highways has notified certain changes in the Central Motor Vehicles Rules, 1989 to facilitate the owner of a vehicle for nominating a person in the registration certificate, which would help the motor vehicle to be registered or transferred in the name of the nominee, in case of death of the owner. Now, the owner can put the name of the nominee at the time of registration of the vehicles and can also add it later through an online application. The process i...

The Congress on Saturday accused the Arvind Kejriwal government of spending crores on publicity but doing nothing in the past one year to augment oxygen storage capacity and set up new plants in the national capital. Congress leader Ajay Maken said the Centre and the Delhi government can squabble later but they should at least work for public welfare and development during the COVID-19 pandemic. Addressing a virtual press conference, he said the Centre has informed the High Court that it has ...

Indian companies must embed ESG model × The link between compliance with ‘environmental, social and governance’ standards and global fund flows is becoming explicit This week, the Biden Administration will host a virtual Leaders’ Summit for Climate where it is expected that countries will be asked to make stronger commitments to immediate climate action. India is a top bi-lateral priority for the US and is a recognised global leader in renewable energy generation. Under the Modi Administ...

Read more about GST officers to soon have real-time data on vehicles moving without e-way on Business Standard. The government is working on a system to soon provide report to GST officers on a real-time basis for those vehicles which are moving without e-way bills

Infrastructure Leasing and Financial Services (IL&FS) on Thursday said it has addressed aggregate group debt of Rs 43,000 crore so far and expects to cross Rs 51,000 crore by September 2021. The debt-laden group has further enhanced its estimates of aggregate debt recovery to Rs 61,000 crore beyond September 2021. In October last year, the group had targeted to address Rs 50,300 crore of its overall debt by March 2021 and over Rs 56,000 crore by FY2022. The groups overall debt stood at Rs 99...