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Single authority for sanctioning, processing GST refunds likely by August

by AIP Online Bureau | May 26, 2019 | Eco/Invest/Demography, Indian News

New Delhi: A single authority for sanctioning and processing GST refunds is in the offing as the Finance Ministry looks to speed up and simplify the process for exporters, an official said.   The current mechanism entails a twin refund sanctioning authority of...

Foreign investors pull out Rs 4,375 cr in May so far

by AIP Online Bureau | May 26, 2019 | Eco/Invest/Demography, Indian News

Mumbai: Foreign investors have pulled out a net amount of Rs 4,375 crore from the Indian capital markets in May so far, driven by global and domestic factors.   Prior to this, overseas investors had infused a net amount of Rs 16,093 crore in April, Rs 45,981...

Boost for start-ups: Govt mulls reducing compliance time to just 1 hr/month

by AIP Online Bureau | May 26, 2019 | Eco/Invest/Demography, Indian News

  The Commerce and Industry Ministry has proposed cutting down compliance time significantly to just one hour per month for start-ups as part of measures to ease regulatory requirements for budding entrepreneurs, an official said.   The proposal is a part of...

US approves world’s costliest drug to treat rare childhood disorder

by AIP Online Bureau | May 26, 2019 | Facts, Health

Swiss pharmaceutical company Novartis on Friday announced it had received US regulatory approval for a gene therapy that treats a rare childhood disorder and has a price tag of $2.1 million, making it the most expensive drug in history.   The company said...

No Planet B, say teen activists as 1.8 mn join global climate change strike

by AIP Online Bureau | May 25, 2019 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Facts

Swedish teenage activist Greta Thunberg urged European politicians on Friday to focus on a climate crisis instead of "bickering", as children walked out of classes around the world to back her demands for urgent action to curb carbon emissions. Thunberg, 16,...
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