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Rs 25,000 cr tenders cancelled or modified to promote Make in India products

Monday, August 5, 2019, 8:20 AM

Government tenders worth over Rs.25,000-crore were either cancelled or modified and re-issued after the Department for Promotion of Industry and Internal Trade (DPIIT) stepped in to change their conditions in order to promote 'Made in India' goods, a top official said. "The department is taking every step for effective implementation of public procurement order, 2017, to promote 'Made in India' products," the official said.
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Sluggish animal spirits highlight India's struggle with slowdown

Monday, July 29, 2019, 8:44 PM

India's economy remained sluggish in June, with the slowdown becoming more pervasive amid a slump in services and plunge in exports. Services activity contracted for the first-time in 13-months, adding to India's struggles in reviving consumer demand in everything from cars to bank loans. Eight high-frequency indicators compiled by Bloomberg-News showed the economy lacked momentum, with the overall activity dot remaining unchanged from a-month-ago.
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GST payment: Exporters favour online system of IGST refund

Wednesday, November 7, 2018, 7:48 AM

Exporters under the goods and services tax (GST) regime are favouring the completely online system of refund of integrated GST, over the traditional method of claiming refunds of accumulated input tax credit (ITC), as the former is expedited and involves little cost despite the requirement for upfront payment of integrated GST, which can cause cash flow issues, especially for smaller exporters, experts told FE.

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