NEW DELHI, August 26 – BUSINESS STANDARD – Goods and Services Tax reform implementation might be able to meet with the expectation after the assertion of the chairman of the empowered committee of state finance ministers, Sushil Modi, to work towards meeting the April 2012 deadline. Unlike direct taxes, GST could be implemented any time during the financial year. - BUSINESS STANDARD – According to the Planning Commission, the growth of automotive sector will boost up the growth of manufacturing sector as well and to achieve the target of 9% economic growth as planned under 12th Five-Year Plan it has to grow about an average of 9.8% annually. - FINANCIAL EXPRESS – Prime Minister Manmohan Singh will visit Bangladesh from September 6 to discuss on some key bilateral issues like trade, Teesta water-sharing, transit between and exchange of enclaves, demarcation of boundary and power supply. India exported goods worth $2.43 billion to Bangladesh in 2009-10 and imported goods worth $254.66 million during the same period. - FINANCIAL EXPRESS – U.S. and European solar power equipment manufacturers are showing keen interest in Indian markets by participating in equipment-supply tenders and also looking at converting India into a manufacturing hub. That is self-explained by the fact that US-based First Solar, Germany’s Schott and REFUsol, a leading supplier of inverters for solar power plants, expects to triple its business by the end of this year. In addition, many other tie-ups are under process of discussions between Indian and overseas companies. – FINANCIAL EXPRESS – India for the first time ever is going to have Formula One Race in Greater Noida from October 28. There is a high degree of excitement among people. In two days only around 6,000 tickets were sold on bookmyshow.com last weekend. Due to such environment businessmen close to Greater Noida are expecting high profits. Sectors like hospitality and hotel industries are specially expecting plethora of prospective customers. - ECONOMIC TIMES – The low-cost airlines SpiceJet is going to launch its regional operations from September 21 with fares at least 10-30% lower than what the other airlines players are charging. This would further raise the bar of competition among the airlines companies as they are also trying to establish themselves on regional routes.
Submitted By: -
Priyesh Narain
Researcher