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Policy Watch
GST Council meet: States to offer sops on digital payments through Rupay, BHIM

The GST Council on Saturday cleared a proposal to offer cash backs to consumers on trial basis for digital payments through Rupay cards, BHIM app and UPI system to promote cashless transactions in rural and semi-urban areas.

 
 
Due procedure shall be followed by Registrars of Companies (ROCs) before striking off names of the companies, says Minister of State for Corporate Affairs PP Chaudhary.
The data privacy draft bill provides some protection to citizens, but it puts weird conditions. It does not address the key question - who owns the data.
The reverse repo rate adjusted to 6.25 per cent, and the marginal standing facility rate and the bank rate to 6.75 per cent.
LUB and SJM complain the move will only encourage micro and small scale units to shunt manufacturing and become traders or assemblers of imported products.
The government is mulling a single regulator and legislation to address all e-commerce related issues in the country.
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