May 24, 2017 - Alcohol out of GST for now, but beer will still get costlier

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Sree Vijaykumar From the Editor's Desk More than 90% of the workforce in India works as informal labour. That's a staggering figure. Despite its overwhelming contribution to the economy (50%) and employment, it is generally seen as parasitic with no contribution to tax income of the government and also because it is unregulated. These include the construction workers you see toiling on that new building coming up. It includes that street vendor making gulab jamuns and samosas in the evenings, and the auto-rickshaw driver who takes you home from work. While none of them pay tax to the government, they serve a need for customers like you and me. They also earn an income despite their low skills and education. We need these jobs, to keep our demographic dividend/timebomb employed and out of trouble. Informal has always been the normal in India and will remain so for decades to come. Advertisers of the day TradeBriefs: World of Hyatt - A new loyalty program for you Shriram Properties: Shriram Properties presents premium apartments in the heart of Ecity Phase 1- Shriram Summitt  Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails (B2B Decision-Makers, B2C Decision-Makers, TradeBriefs Premium). Alcohol out of GST for now, but beer will still get costlier Share prices of liquor companies have already plunged up to 6 per cent in 4 sessions. Advt: Lending solutions for all your long-term business needs No company starts big. They grow over time. Standard Chartered will be your companion in this growth journey, giving you solutions that fit your needs at every stage (Know More) Advt: Work for the best employer - Yourself Advantages - Best B2B audience in India, no hard-selling or up-front costs involved, access to our content repository and air-tight agreements with instant gratification. Sebi issues framework for mutual funds, portfolio managers at IFSC They are permitted to invest in securities issued by companies incorporated in IFSC. SBI’s set to finalise six banks to manage Rs 10k crore fund raising State-run lenders are keen to raise capital after a surge in stressed loans eroded their capital. 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Wrong timing, lack of drive turn PSU banks' insurance dream into a nightmare PSU banks jumped onto the insurance bandwagon hoping to replicate the success of their private peers. But most of them have miserably failed to crack the code. Piramal SFG to invest nearly $160 million in J M Baxi Group In an emailed response the company said, it is in “talks for raising funds from Piramal group for its growth plans.” Piramal SFG is yet to respond to ET NOW query. Paytm Payments Bank launched. Here's how it compares to rivals Airtel, India Post With the launch of Paytm Payments Bank, there are now three payments banks in the country , including Airtel Payments Bank and India Post Payments Bank India inching towards cost-effective digital economy: Amitabh Kant Kant said India is essentially cash economy at present as 80 per cent of transactions are in cash.The NITI Aayog CEO also urged merchants to gradually move towards digital payments era. More trouble for IDBI Bank as Icra downgrades its bond rating Ratings agency Icra downgrades IDBI Bank’s outstanding debt worth Rs25,924 crore, including AT-1 bonds, citing its weak capital position due to bad loans Has demonetisation really boosted income tax collections? One-off gains from Income Disclosure Scheme 2016 call for scepticism about any immediate claims of demonetisation having widened India’s income tax net SoftBank’s $100 billion Vision Fund rankles venture capital firms As SoftBank closes its Vision Fund, venture capital firms from London to Silicon Valley are fretting about a behemoth to snatch away the most promising deal Bank of India invites investors’ ire as asset quality worsens Although Bank of India bad loan ratios show an improvement, asset quality has worsened in the March quarter Japanese retailers looking to enter Indian market dominated by European, US brands A couple of Japanese companies already sell their fashion products in India, a country with a burgeoning and increasingly urbanised and prosperous middle class. Hindustan Coca-Cola Beverages appoints Seema Nair as Executive Director Hindustan Coca-Cola Beverages Pvt. Ltd (HCCB) - one of India’s largest FMCG companies - announced the appointment of Seema Nair as SVP & Executive Director, HR. She succeeds Gaurav Chaturvedi, w GST: E-commerce sector to benefit from faster delivery and transparency Under the new rules, details furnished by e-commerce companies will be verified against the details provided by the merchants, which can reign in discrepancies in payments S P Telecommunications index dwindles to four companies USA-TELECOMS/INDEX-TIMELINE (TIMELINE):TIMELINE-S&P Telecommunications index dwindles to four companies Despite Reliance Jio's 4G scheme, demand low: Report Billionaire Mukesh Ambani’s telecom business Jio has progressively seen decline in net subscriber additions from October 2016 to March 2017 with fre.. Microsoft India launches Project Sangam pilot to skill telecom candidates via TSSC tie-up Microsoft India will run a pilot on skilling candidates in the areas of ICTEC (Information, Communication Technology, Electronics & Cyber as related t.. OnePlus 5 launch: Will this be a more expensive smartphone? OnePlus 5 is supposed to launch this summer, but there's a chance this phone could be priced on the higher side GST effect: Telecom services, mobile phones to be expensive from July 1 FM Arun Jaitley has recently said that the GST Bill, which is to exempt the daily-use commodities from the levy, is going to be more efficient. Chinese Firms Capture 49 Percent of Indian Smartphone Market, Says CMR   About the future of gaming in India Offering tech solutions for kirana stores SnapBizz forays into Telangana, AP appoints partner Soap industries prefer animal tallow to vegetable fat torturing many creatures in the process You rub it on your face and all over your body every day. Millions of rupees are spent on advertising its scent and purity. Let us see how pure soap is. Hindustan Coca-Cola Beverages appoints Seema Nair as Executive Director Business Wire India   Dabur expands skin care portfolio with new product launch Strengthening its leading presence in the skin care market, Dabur India Ltd today announced the expansion of its most trusted facial bleach range Fem, with the launch of the premium FEM De-Tan Crème Bleach. The creme is specially formulated and enriched with orange peel extracts to enhance beauty by removing tan in 15 minutes giving … Baba Ramdev's Patanjali to invest Rs 500 cr in Bundelkhand food park Firm is currently focusing on land acquisition, says project to be up and running by 2020 CESC demerger a sign of RP-SG Group's non-power businesses maturing Analysts expect the sum-of-the-parts valuation of CESC's individual businesses to be over 40 percent higher than the firm's current market capitalisation, signaling prospects of significant value accretion post-demerger Rice basmati slides on fall in demand | Business Standard News Rice basmati prices fell by up to Rs 300 per quintal at the wholesale grains market today owing to slackened demand against adequate stocks position. Maize also eased on reduced offtake by consuming industries. Traders attributed the fall in rice Flipkart to include consumables FMCG products from July The nation's largest online retailer, which is eyeing the monthly shopping basket of users on the platform, will roll out the services in July, said sources familiar with the matter. Increasing GST rate on ayurvedic products is disappointing and disheartening: Patanjali "We request the government for a review of the GST rate for the ayurvedic category in the interest of the common man," Patanjali Ayurved spokesperson .. Flipkart, Amazon compete to win Government e-Marketplace for crown glory The e-Marketplace will manage procurement for ministries & departments for items such as laptops, ACs, furniture and daily use items like stationery. Flipkart signs term-sheet for buying out smaller rival Snapdeal Flipkart will quote a final price after it completes a rigorous examination of Snapdeals books, which is expected to take 6-8 weeks, these people said. Flipkart, Rivigo in top 40 breakthrough brands list With a team of top data scientists, Rivigo is creating systems that increase distance covered and improve turnaround times up to 70%. TradeBriefs Publications are read by over 10,00,000 Industry Executives India Business Brief | India Retail News | India Food Brief | India Telecom Brief | India Finance Brief | India Software Brief | India Digital Brief | India Ecommerce Brief | India Franchise Brief | India HR Brief | India Logistics Brief | India Construction Brief About Us  |  Advertise Privacy Policy    Unsubscribe You are receiving this mail because of your subscription with TradeBriefs. Our mailing address is GF 25/39, West Patel Nagar, New Delhi 110008, India