Launch expected to strengthen company’s leadership in sports motorcycles
Latest news : Bajaj Auto on Friday announced the launch of 160cc Pulsar NS160 in the country, priced at Rs 80,648 (ex-showroom, Mumbai).
The new generation Pulsar NS 160 caters to the fast- growing segment of customers who seek premium quality, international style and performance, Bajaj Auto said in a statement.
“The new generation Pulsar NS160 offers a combination of raw power, aggressive styling and superior performance that no other bike in its segment can match,” Bajaj Auto President, Motorcycles, Eric Vas said.
The bike is designed to cater to the young and dynamic motorcycle enthusiast who is “evolved, restless and demands performance and style in his everyday riding routine”, he added.
“Today, 70 per cent of the sports biking segment is dominated by the 150-160 cc motorcycles. The NS160 will target a fast-growing segment of customers who want to stay in this cc band, but need the best in technology and performance,” Vas said.
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According to Debroy, multiple rates emanate from the ‘desire to tax items’ that are seen as luxuries
Latest news : NITI Aayog member and wellknown economist Bibek Debroy on Friday said that one of the key problems with the present GST (Goods and Services Tax) regime is its multiple rates structure.
According to Debroy, the multiple rates of GST emanate from the “desire to tax items” which are perceived to be luxury through the means of indirect tax and not the direct ones.
“Please understand these multiple rates are coming from… this desire to drive other ends through indirect tax policy and other concerns of the states,” Debroy said at Aaj Tak GST Conclave.
“And therefore, you have plenty of exemptions, plenty of items that are outside the GST net and multiple rates.”
The present GST tax rates are divided into four slabs of — 5 per cent, 12 per cent, 18 per cent and 28 per cent — as decided by the GST Council.
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India currently has one of the worst tax-to-GDP ratios among major economies at 16.6%
Latest news : Rakesh Sachdeva sells auto parts in a busy market in central Delhi, just a few miles from Prime Minister Narendra Modi’s office. Yet despite having a flourishing business he does not pay any tax.
Until now, his rundown premises and small scale operation has kept the business below the radar of the country’s tax officials. Come July 1, however, “the party will be over”, says the 51-year-old, with a resigned shrug.
A nationwide Goods and Services Tax (GST), set to come into effect on Saturday, has faced criticism for its complex design. But the country’s biggest tax reform since independence is promising to bring millions of firms like Sachdeva’s into the tax net, boosting government revenues and the country’s sovereign credit profile.
The new tax will require firms to upload their invoices every month to a portal that will match them with those of their suppliers or vendors.
Because a tax number is needed for a firm to claim a credit on the cost of its inputs, many companies are refusing to buy from unregistered businesses. Those who don’t sign up risk losing any customer who has.
“I have no option, but to register with the new system,” said Sachdeva, who spoke to Reuters on condition the name and precise location of his shop were not disclosed.
Read this: Buying a car, gold or property? How GST will impact your expenses
Latest news : Foodgrains will cost less from July 1 when the nation-wide Goods and Service Tax (GST) is rolled out as the GST Council today decided to exempt the daily-use commodities from the levy.
Here’s a complete list of the rates of all 1,211 items but six were finalised at the first day of the two-day meeting in Srinagar of the GST Council, headed by Union Finance Minister Arun Jaitley and comprising state representatives.
Also, here’s a complete list of all the items that the GST Council has broadly approved as the rates of GST Compensation Cess to be levied on certain goods.
The decision came after Sonia Gandhi met former PM Manmohan Singh along with other leaders today
LATEST NEWS : The Congress on Thursday decided to keep away from the special midnight June 30 meeting convened by the government on GST implementation.
Party’s senior spokesperson Satyavrat Chaturvedi said, “the Congress will not attend the special GST meeting on GST implementation.”
The decision came after Congress President Sonia Gandhi met former Prime Minister Manmohan Singh along with other leaders today.
The party has been in a dilemma over attending the special midnight event in Parliament on June 30 to mark the implementation of Goods and Services Tax (GST) and has had wide-ranging discussions with other parties also, which are likely to follow suit.
Trinamool Congress has already announced its decision to boycott the event.
Sources said Congress leaders weighed its options as a group within the party felt that the GST was the party’s brainchild that has been now taken over by the ruling BJP, and thus favoured attending the special meeting.
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The Cabinet on Wednesday gave approval to privatise debt-laden Air India
Latest news : IndiGo airlines, owned by InterGlobe Aviation , has expressed an unsolicited interest in buying a stake in state-owned carrier Air India, television channel CNBC-TV18 reported on Thursday quoting the aviation ministry.
The Cabinet on Wednesday gave approval to privatise debt-laden Air India, the first step of a process that could see the government offload an airline struggling to turn a profit in the face of growing competition from low-cost rivals.
It’s mandatory to link Aadhaar with PAN. Here’s why
Latest news : Come July 1, the Modi-government’s measures to track tax evasion through multiple PAN cards will come into effect. It is now mandatory for you to link your existing Aadhaar numbers with PAN to be able to file your income-tax (I-T) returns.
Finance Minister Arun Jaitley, through an amendment to tax proposals in the Finance Bill for 2017-18, had made linking Aadhaar mandatory for filing I-T returns.
The revenue department has said “every person who has been allotted PAN as on July 1, 2017, and who in accordance with the provisions of sub-section (2) of section 139AA is required to intimate his Aadhaar number, shall intimate his Aadhaar number to the principal director-general of income tax (systems), or DGIT (systems)”.
It’s mandatory to link Aadhaar with PAN. Here’s why.
- Individuals with PAN will have to link it to their existing 12-digit biometric Aadhaar numbers from July 1
- While applying for permanent account number (PAN), Aadhaar number or Aadhaar enrolment ID will have to be mandatorily quoted.
3. Linking of Aadhaar and PAN must for filing of income-tax returns (ITR) (read more)
The digital traces we leave behind create a wealth of data about our lives
Latest news : There are now more mobile devices than people on the planet. You only have to glance around on trains, in the street, or in cafes to see how increasingly lost we are in screen time. We don’t just hold our phones, we cradle them.
IPHONES : It is ten years since the iPhone’s release to the general public. And so now seems a perfect time to reconsider our love of technology.
I’m fascinated by our relationship with mobile phones, both past and present. Nokia has recently released a new version of the classic Nokia 3310. Originally launched in 2000, it was the company’s most successful phone, selling over 126 million units. This technology nostalgia speaks of simpler times when a phone was a phone, not a computer; when we weren’t tethered to our workplace. A time when we met the gaze of others rather than the ever constant glow of our interactive screens.
Our phones track, trace and archive our lives almost seamlessly. We’re leaving increasingly complex trails of messages, updates and other bits of our life stories online. We have access to a seemingly infinite archive of our emotional pasts.
READ THIS : Happy 10th birthday iPhone, the nearest thing to a secure pocket computer
However, the actors are not mentioned as either accused or suspects by the Uttar Pradesh Police
Latest news : The CBI has taken over investigation of the Rs 500 crore online ponzi scam allegedly by Ghaziabad-based Webwork Trade Links.
Bollywood actors Shah Rukh Khan and Nawazuddin Siddiqui, who endorsed its portal Addsbook.Com, are also named in the complaint.
Promoters of Webwork Trade Links, Anurag Jain and Sandesh Verma, duped people using the two actors as brand ambassadors of his shadow firm addsbook.Com, the complaint alleged.
According to the complaint, which is now part of the FIR, the company opened a “shadow company”, Addsbook Marketing Pvt, which was launched on December 10, 2016 with brand ambassadors “Nawazuddin Siddiqui and Shahrukh Khan”.
“People have invested heavily as they were influenced by both celebrities,” it alleged.
However, the actors are not mentioned as either accused or suspects by the Uttar Pradesh Police, which had probed the matter earlier.
Jain and Verma allegedly took money from people luring them with lucrative payments for every click on advertisements on their website, the complaint said.
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Latest news : The goods and services tax (GST) is unlikely to be a very bitter pill for the pharmaceutical industry, which feared a substantial rise in drug prices under the new indirect tax regime. While around 80 per cent drugs were put in the 12 per cent GST bracket (up from the current 9 per cent slab), implying a sharp rise in prices, the National Pharmaceutical Pricing Authority (NPPA) has stepped in to keep medicines affordable after the GST roll-out on July 1.
The pharma pricing regulator has notified the revised ceiling prices of 761 drugs which are part of the Schedule 1 of the Drug Price Control Order (DPCO) 2013. According to the revised list issued by the NPPA, prices of most drugs have come down.
With this regulatory move, the price increase after the GST roll-out would be marginal as the base price has been lowered. Even as price revision is a continuous process, the latest order may serve to cool the nerves of the pharma industry trying to grapple with the new taxation system.
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