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ashutosh kumar

Ashutosh Kumar

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A Code for Creditors

by Ashutosh Kumar |Oct 6, 2021

The 'commercial wisdom' of CoCs has come under scrutiny after recent instances of massive haircuts under IBC. Is the proposed 'code of conduct' the solution?

 The Tejas Express luxury train leaves for its first return journey between Goa and Mumbai at the Karmali railway station in Goa

Stopped in Its Tracks

by Ashutosh Kumar |Sep 18, 2021

The Indian Railways' plan for private passenger trains garnered only two bids, thwarting its plans to shore up its finances. What went wrong and what is the way ahead?

Kerala finance minister K N Balagopal (Source: Facebook)

Kerala FM urges Centre to release GST dues worth Rs 4,500 crore

by Ashutosh Kumar |Jul 15, 2021

Responding to queries from BusinessToday.In, Kerala finance minister K N Balagopal said, "The issue of pending GST compensation to the states and extension of compensation levy was discussed in the me...

The Great GST Divide

by Ashutosh Kumar |Jun 24, 2021

Why the GST Council has become a battleground for a turf war between Centre and states

ED transfers Mallya, Modi, Choksi's assets to PSBs

ED transfers Rs 9,371 cr -- 41% of fraud by Mallya, Modi, Choksi -- to PSBs, govt

by Ashutosh Kumar |Jun 23, 2021

The transferred assets of Rs 9,371 crore were sent to various public sector banks as well as the central government, said the Enforcement Directorate

Gadkari says India will construct highways at a pace of 40km per day in the current financial year

Ensure timely completion, monetisation of Rs 3.26 lakh cr greenfield projects: Gadkari to NHAI

by Ashutosh Kumar |Jun 22, 2021

All 22 projects are scheduled to be completed by 2023 and 2025 and the minister asked authorities to stick to completion deadline. Gadkari laid stress on timely monetisation of projects after completi...

GST Council to meet on June 12

GST Council meeting on June 12 to decide tax on COVID-19 vaccine

by Ashutosh Kumar |Jun 10, 2021

The issue of reduction of tax rate on COVID-19 related goods and equipment was taken up in the council meeting held on May 28. However, the council could not arrive at a consensus

Photograph by Jaison G.

Highways Sans Toll Plazas

by Ashutosh Kumar |Jun 9, 2021

Future toll collection will be based on global positioning technology. A pilot project is already on with 500 vehicles

Of Rs 1,02,709 crore revenue in May, Rs 17,592 crore was CGST, Rs 22,653 crore was SGST.

Covid dent: GST revenue down 27% in May at Rs 1.02 lakh cr

by Ashutosh Kumar |Jun 5, 2021

May GST revenue is 65 per cent higher than GST revenue in the same month last year. GST revenue had plummeted to Rs 62,121 crore in May last year.

GST Council's rate fitment panel had earlier recommended GST rate cut on medical grade oxygen, oxygen concentrators, pulse oximeters and covid test kits

Exclusive: GoM for retaining 5% tax on Covid jabs; tax cut on PPEs, ventilators, sanitisers

by Ashutosh Kumar |Jun 4, 2021

Reduced rates will be applicable for three months till August. GoM recommendations will be forwarded to the GST Council for final approval. GoM held a marathon meeting on Thursday and submitted its re...