389

10 States Join E-Way Bill Platform; GSTN Starts Trial Run

New Delhi: Altogether six more states, including Gujarat, Haryana and Bihar have joined the government's centralised e-way bill system for inter-state road transportation of goods in the GST regime, taking the total to ten.

Under the Goods and Services Tax rolled out from July last year, inter-state movement of goods beyond 10 km, with a value of Rs 50,000 and above, will mandatorily require e-way bill from February 1.

Four states -- Karnataka, Rajasthan, Uttarakhand and Kerala -- had already started using e-way Bill.

361

Gold Imports Go Up By 72% In December On High Demand, Weak Global Prices Rise

New Delhi: India's gold imports have risen by 71.52 per cent to $3.39 billion in December due to weak global prices and higher domestic demand.

According to the commerce ministry's data, released, silver imports too rose by 106 per cent to $197.26 million last month as against $95.84 million in December 2016.

Gold imports by India, the world's second-biggest consumer of gold, stood at $3.39 billion in December 2017 as against $1.97 billion a year ago.

Industry experts have attributed the surge in gold imports to lower global prices which ranged between $1,250 and $1,260 per ounce coupled with a robust local demand.

360

Report Says Govt Needs To Increase Healthcare Outlay In Budget

New Delhi: Public sector accounts for only 30 per cent of the total healthcare expenditure in the country and investment in building and maintaining public health infrastructure needs priority in the forthcoming budget for FY 2018-19, according to a report.

Public sector investment on healthcare accounts for less than 1.5 per cent of GDP, which is one of the lowest globally, and the government intends to increase the expenditure to 2.5 per cent of GDP by 2025.

The outlay on healthcare increased by a healthy 28 per cent in the last budget and the allocation is likely to see a similar increase in the forthcoming budget as well, according to a report by rating agency Icra.

321

Corporate Bonds Hit Record Rs17.72 Lakh Crore In 2017

New Delhi: The transactions in corporate debt securities at top stock exchanges BSE and NSE have surged by 37 per cent to a record Rs 17.72 lakh crore in 2017, according to an official data.

Trading worth about Rs 13 lakh crore in corporate bonds was reported on the two bourses during 2016, going by data compiled by capital market regulator Sebi.

During the year gone by, the National Stock Exchange (NSE) represented the largest share of trading in corporate bonds at 75 per cent. Bonds worth Rs 13.41 lakh crore were traded on the exchange in the period.

287

Trai Cuts International Incoming Call Termination Rate

New Delhi: Telecomregulator Trai has slashed international incoming call termination rate to 30 paise, from 53 paise, to curb the "grey route", according to an official statement.

The new rate will be effective from February 1.

"The Authority has reduced the termination charges payable by an International Long Distance Operator (ILDO) to the access provider in whose network the call terminates from Rs 0.53 per minute to Rs 0.30 per minute," Trai said in a statement.

Telecom firms levy termination charge on operators from whose networks calls have been made, for transmitting them to the subscriber.