India’s most ambitious indirect tax reform measure, which gave birth to the Goods and Services Tax (GST) regime, is a testimony to the concept of cooperative federalism: it united all the States — even those with divergent political and economic inclinations — under the ‘one nation, one tax’ banner.
The rupee, which has been steadily appreciating in recent days, closed on Friday at 69.10 to a dollar, its highest level since August 10, 2018.
India is in discussions with its key trading partners to expand preferential duties under free trade agreements (FTAs) even as the government is streamlining procedures for exporters to avail benefits from such trade pacts, Commerce Secretary Anup Wadhawan has said.
CHENNAI: Raising the bar, India has set an aspirational target of $200 billion by 2025 for engineering exports, following a road map suggested by an EEPC India-Deloitte strategy paper, based on inputs from the Commerce Ministry and the industry.
Services trade surplus improves 3.5% to US$ 6.72 billion in January 2019.
The Ministry of Textiles, Government of India, in association with the Asian Heritage Foundation, is organising an exhibition of ingeniously woven historic Indian handmade textile forms as a prelude to World Handmade Textile Biennales.