With RERA having standardised the definition of carpet area, it is easy for buyers to compare developers and see what they are getting in terms of internal area, says Ashish Puravankara, Managing Director at Puravankara Projects Limited.

Home ministry has directed that ATMs will not be replenished with cash after 9 pm in cities and post 6 pm in rural areas from February 8, next year; an RBI study has concluded that MSMEs had been worst hit by DeMo as well as the hurried GST rollout; and US tech firms such as Facebook, Google, Microsoft, Amazon, and Twitter, besides foreign telcos and IT firms plan to redouble their efforts to lobby against India's data localisation norms. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.

The GST Council had announced substantial GST rate cuts effective from July 27, 2018; including 28-18 per cent on consumer durables, domestic electrical appliances, televisions, storage water heaters, paints and varnishes, scent sprays, etc. and 12 per cent to nil on sanitary napkins

The yoga guru Baba Ramdev's company, which had recorded over 100 per cent growth rate about a year ago, has since witnessed a considerable dip in demand.

The stock has grown 561 per cent from Rs 98.30 on August 16, 2013 to Rs 640 on August 16, 2018. The Sensex has doubled during the same period. Meanwhile, its listed peers PC Jewellers and Titan Company rose 127% and 283.44%, respectively, during the last five years.

Prime Minister Narendra Modi touched on many issues in his fifth Independence Day speech like his anti-black money initiatives, GST, the upcoming PRAJAA scheme. In an hour-long speech, Prime Minister Narendra Modi highlighted his government's achievements in the past four years. Watch BusinessToday.In Editor Rajeev Dubey shed light on the issues discussed as well as sidelined by the Prime Minister in his hour-long speech.

The Prime Minister mentioned some of the key policy decisions such as GST and Benami Law that were discussed for years but did not see the light of the day till his government came to power.  

Modi says India is now the land of reform, perform and transformPrime minister Narendra Modi delivered his fifth Independence Day Speech as PM. Running parallel to the  Ayushman Bharat-National Health Protection Scheme would be the Jan Aarogya Abhiyan which would kick off on September 25, he announced. The healthcare schemes will ensure access to good quality healthcare for the poor and marginalised. Modi also said India used to be a 'sleeping elephant', but has started walking and running now'. He announced a manned mission to space by 2022. He also thanked the business community for the success of GST.Rupee has fallen due to external factors, nothing to worry says govtThe rupee fell to a record low of 70 against the dollar on Tuesday amid fears that the financial troubles faced by Turkey may spread to other emerging economies. The rupee ended trading on Tuesday at 69.89 per dollar.Attributing the fall in rupee value against the US dollar to 'external factors', economic affairs secretary Subhash Chandra Garg said that there was nothing to worry about as long as the depreciation was in line with other currencies.Rupee has given 'vote of no confidence' to Modi by crashing to historic low, says RahulWith rupee touching a fresh all-time low of 70.08 against dollar , Congress President Rahul Gandhi turned the heat on the Narendra Modi government over its failure to control the declining rupee. The Indian currency has seen nearly 10 per cent fall this year alone. Taking a jibe at Prime Minister's remarks of \"70-year misrule\" of various parties, including the Congress, the party said \"Modiji finally managed to do something that we couldn't do in 70 years\".RBI rejects Kotak Bank's promoter stake dilution plan, says it does not meet normsDays after private lender Kotak Mahindra Bank said it had used the preference share allotment route to reduce promoter Uday Kotak's shareholding in the bank, the RBI rejected it saying \"it does not meet their promoter holding dilution requirement\". In a regulatory filing on Tuesday, Kotak Mahindra Bank said it still believes that the bank's stake dilution plan meets the requirement, and assured to continue engaging with the central bank over the issue.India's richest women: Smitha Crishna, Roshni Nadar top listA survey, prepared by Kotak Wealth-Hurun, features Smitha Crishna, the third generation heir of the Godrej empire, as the wealthiest Indian woman with net worth of Rs 37,570 crore. The total wealth of each woman featured in the top 100 women exceeds Rs 1,000 crore, while their average income is around Rs 4,000 crore. Kiran Mazumdar-Shaw is the only richest self-made women -- with the total wealth of Rs 24,790 crore - who could make it to the top 100. Following Smitha is HCL CEO and Executive Director Roshni Nadar, whose net worth is around Rs 30,200 crore. On the third spot is Indu Jain of Bennett Coleman and Co Group, whose total wealth is estimated to be around Rs 26,240 crore.Twitter launches Twitter LiteMicro-blogging platform Twitter has launched Twitter Lite Android app in 21 more countries, including India, that will minimize data usage. It will load quickly on slower networks and take up less space on a mobile device. It's on the same lines as Facebook Lite and Youtube Go. The app, built for 2G and 3G networks which are still in use in several parts of India, helps a user save on data while using it.Reliance Jio's broadband service GigaFiber registrations to start todayRegistrations for Jio GigaFiber high-speed broadband are now officially open, allowing you to show your interest in the service. Jio GigaFiber was announced last month at the company's 41st Annual General Meeting, and will provide speeds to 1Gbps, according to the company. The company will give priority to areas with the highest interest for the rollout. The Jio broadband service was being tested out for the past two years.Cash-strapped Fortis Healthcare sees signs of improvementCash-strapped Indian hospital operator Fortis Healthcare Ltd said it was starting to see some signs of recovery, as it secured shareholder approval for its takeover by Malaysia's IHH Healthcare Bhd. Fortis which operates 30 private hospitals in India has been struggling with a cash crunch, rising debt and other problems. IHH will invest 40 billion rupees at 170 rupees per share in Fortis.

Earlier, the Prime Minister was expected to announce the roll out of Ayushman Bharat on Independence Day. The chief architect of the scheme Dr Vinod K Paul had told Business Today that only 12-15 states would launch the scheme on 15 August 2018 as the others were not prepared to roll it out on time.

Prime Minister Modi said that the country has made rapid changes in the past few years compared to 2013 when the Congress-led UPA government was in power. The Prime Minister said that the country was on a new path of progress.

It is rare for the middle class to find direct mention in Indian Prime Ministers'  Independence Day speech. Farmer issues and the sufferings of the poor usually dominate PM Modi's Independence Day speeches.

Prime Minister Modi said that the country has made rapid changes in the past four years compared to 2013 when the Congress-led UPA government was in power.

The RERA Act brought in transparency and accountability to real estate sector and boosted home buyers' confidence not just in Mumbai and the MMR, but across the country.

In November 2017, the GST Council had cut tax rates for all restaurants, except the ones located within hotels with room tariffs of Rs 7,500 and above, to 5 per cent.

PM Modi argued that when investment in infrastructure projects like, making roads, laying down rail lines, setting up power generation is at all-time high, how come the jobs will not be created.

The high base effect due to GST is likely to impact sales growth for the next couple of months though the onset of festive season later this month may offset it partially.

Finance Minister Piyush Goyal on Thursday said the capacity to slash the GST rates on more items would go up as Goods and Services Tax (GST) revenues and the compliance rate increases and the economy formalises.

The mission chief of IMF described India as an elephant that is starting to run; after failed divestment bid, Civil Aviation Ministry plans Rs 11,000 crore bailout package for Air India; and China records first current account deficit in nearly 2 decades. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.

The new policy proposes to revamp the Industrial Policy of 1991, and has been billed as the first major overhaul in nearly three decades.

Whatever be the source of tax - whether an MNC, a local homegrown company or an individual, the pivot for any successful tax compliance and collection is ensuring a sound set of data and an insight into the taxpayers' journey.