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CHANDIGARH: The Finance Department has released amount of Rs 97 corore to Industry Department, Punjab on account of GST and VAT refunds.

The sluggish growth in Goods and Services Tax (GST) revenue receipts, unless reversed quickly, could lead to a ₹40,000 crore shortfall by the end of the current fiscal, straining finances of the central government which is required to make good on states’ revenue loss, analysts at Credit Suisse have warned.

As the clamour for GST (goods and services tax) rate cuts in some sectors, particularly in the auto sector, gets shriller amid falling demands, the government now has tough decisions to make.

The All Pakistan Textile Mills Association (APTMA) Punjab Chairman Adil Bashir has said that the textile industry is ready for adopting renewable (solar hybrid) energy solutions to deal with sustainability and competitiveness issues.

The Centre should stop micromanaging the retail sector through curbs on legitimate competitive practices

Visitors view exhibits during an exhibition held at Prince Kung's Mansion in Beijing, capital of China, Sept. 4, 2019.

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