Finance ministry denies CAG report findings, says no diversion of GST cess fund

(Video by The Times of India) 

The Ministry of Finance on Saturday refuted the findings of a Comptroller and Auditor General (CAG) audit report which claimed that the Centre violated the GST Compensation Cess Act.

The CAG audit report revealed that the Centre, in the first two years of the GST implementation, wrongly retained Rs 47,272 crore of GST compensation cess, which was meant to be used specifically to compensate states for the loss of revenue.

The CAG, in its 2018-19 audit report of government accounts, flagged that the amount was to be credited to the non-lapsable GST Compensation Cess collection fund for payment to the states for the loss of revenue due to the implementation of GST since 2017, but the government violated the GST law by not doing so.



INDIA - 2020/09/02: In this photo illustration Indian currency coins and fifty, twenty rupees notes are seen with a GST (Goods and Service Tax) cube blocks. (Photo Illustration by Manish Rajput/SOPA Images/LightRocket via Getty Images): Representational photo


© Manish Rajput/SOPA Images/LightRocket via Getty Images
Representational photo


Denying the allegations, the finance ministry told India Today TV

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Final Jobs Report Before U.S. Election in Store: Eco Week Ahead

(Bloomberg) — The last U.S. jobs report before the November election will probably show the labor market’s rebound continued in September, though losing some steam.

Employers probably added 850,000 workers in September, a step down from the 1.37 million a month earlier, according to the Bloomberg survey median. The unemployment rate is seen easing to 8.2% from 8.4%, smaller than the 1.8 percentage-point drop in August.



graphical user interface, chart: Recovery in U.S. job market continuing, though pace is off the boil


© Bloomberg
Recovery in U.S. job market continuing, though pace is off the boil

The monthly jobs report on Friday will follow the first presidential debate between President Donald Trump and Democratic challenger Joe Biden on Tuesday. The report will also wrap up a busy week on the U.S. economic calendar, which includes figures on income and spending, manufacturing and consumer confidence.

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Personal spending on goods and services, which accounts for about two-thirds of gross domestic product, is projected to rise 0.8%

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Marketing Consulting Market Procurement Intelligence Report with COVID-19 Impact Analysis | Global Forecasts, 2020-2024

LONDON–(BUSINESS WIRE)–The Marketing Consulting market will register an incremental spend of about $22 billion, growing at a CAGR of 4.38% during the five-year forecast period. A targeted strategic approach to Marketing Consulting sourcing can unlock several opportunities for buyers. This report also offers market impact and new opportunities created due to the COVID-19 pandemic. Request free sample pages

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Information on Latest Trends and Supply Chain Market Information Knowledge centre on COVID-19 impact assessment

SpendEdge’s reports now include an in-depth complimentary analysis of the COVID-19 impact on procurement and the latest

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Master Data Management Market Research Report with Industry Share, Size and Strategies to Boost Growth: Covid-19 Impact And Recovery

The MarketWatch News Department was not involved in the creation of this content.

Sep 24, 2020 (The Expresswire) —
“Final Report will add the analysis of the impact of COVID-19 on this industry.”

“Master Data Management Market” research report offers the breakdown of the industry by market size, rate of development, key companies, counties, product selections and application. The Master Data Management Market Report delivers current state, openings, limits, drivers and also the evolution forecasts of the market by 2025. Profound investigation about Master Data Management market standing, enterprise competition outline, welfares and drawbacks of enterprise stock, Master Data Management industry development trends, regional industrial layout features and economics policies, industry News and Strategies by Regions has additionally been enclosed.

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Master data management (MDM) is a method used to define and manage the critical data of an organization to provide, with

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Customer Relationship Management Services Market Size 2020 Report Contains Top Manufacturer Share, Business Revenue and Industry Overview till 2025

The MarketWatch News Department was not involved in the creation of this content.

Sep 24, 2020 (The Expresswire) —
“Final Report will add the analysis of the impact of COVID-19 on this industry.”

“Customer Relationship Management Services Market” has several changes in recent years and expected to vary significantly within the forecast year because of developments in production sources, shifts in consumer preferences changes to business policies. Customer Relationship Management Services Market is gaining important adoption among recent business across the globe. Global Customer Relationship Management Services Market Report 2020 gives complete research about the industry size by key players, regions, product types and end user with history data and forecast data to 2025. This report analyses the Customer Relationship Management Services with respect to individual growth trends, future prospects, and their contribution to the total market.

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Most important Regions play

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Management Consulting Industry Market Procurement Intelligence Report With COVID-19 Impact Analysis | Global Forecasts, 2019-2024

LONDON–(BUSINESS WIRE)–The Management Consulting Industry market will register an incremental spend of about $ 100 billion, growing at a CAGR of 7.00% during the five-year forecast period. A targeted strategic approach to Management Consulting Industry sourcing can unlock several opportunities for buyers. This report also offers market impact and new opportunities created due to the COVID-19 pandemic. Request free sample pages

Key benefits to buy this report:

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  • What are the key market trends?
  • What are the category growth drivers?
  • What are the constraints on category growth?
  • Who are the suppliers in this market?
  • What are the demand-supply shifts?
  • What are the major category requirements?
  • What are the procurement best practices in this market?

Information on Latest Trends and Supply Chain Market Information Knowledge centre on COVID-19 impact assessment

SpendEdge’s reports now include an in-depth complimentary analysis of the COVID-19 impact on procurement

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Why Is FTI Consulting (FCN) Down 3.8% Since Last Earnings Report?

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3 ‘Strong Buy’ Stocks With Over 7% Dividend Yield

Markets are volatile, there can be no doubt. So far this month, the S&P 500 has fallen 9% from its peak. The tech-heavy NASDAQ, which had led the gainers all summer, is now leading the on the fall, having lost 11% since September 2. The three-week tumble has investors worried that we may be on the brink of another bear market.The headwinds are strong. The usual September swoon, the upcoming election, doubts about another round of economic stimulus – all are putting downward pressure on the stock markets.Which doesn’t mean that there are no opportunities. As the old saw goes, “Bulls and bears can both make money, while the pigs get slaughtered.” A falling market may worry investors, but a smart strategy can prevent the portfolio from losing too much long-term value while maintaining a steady income. Dividend stocks, which

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Performance Management Systems Market Size Report 2020 Global Industry Analysis by Trends, Revenue, Share, Revenue and Forecast to 2025

The MarketWatch News Department was not involved in the creation of this content.

Sep 24, 2020 (The Expresswire) —
“Final Report will add the analysis of the impact of COVID-19 on this industry.”

“Performance Management Systems Market” research report offers the breakdown of the industry by market size, rate of development, key companies, counties, product selections and application. The Performance Management Systems Market Report delivers current state, openings, limits, drivers and also the evolution forecasts of the market by 2025. Profound investigation about Performance Management Systems market standing, enterprise competition outline, welfares and drawbacks of enterprise stock, Performance Management Systems industry development trends, regional industrial layout features and economics policies, industry News and Strategies by Regions has additionally been enclosed.

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Performance Management System Definitions. Performance management is the systematic process by which the Department of Commerce involves its employees, as individuals

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Foodservice as a Tool for Direct-to-Consumer Branding and Innovation, 2020 Market Report

The “Foodservice as a Tool for Direct-to-Consumer Branding and Innovation” report has been added to ResearchAndMarkets.com’s offering.

Foodservice as a Tool for Direct-to-Consumer Branding and Innovation global briefing offers an insight into to the size and shape of the Consumer Foodservice market, highlights buzz topics, emerging geographies, categories and trends as well as pressing industry issues and white spaces.

It identifies the leading operators and brands, offers strategic analysis of key factors influencing the operating environment – be they economic/lifestyle influences, new foodservice concepts, outlet locations, menu innovation or format development. The entire industry is considered, including both chained and independent operators. Forecasts illustrate how the market is set to change and what is the criteria for success.

Foodservice has become one of the most important areas of branding, marketing and direct consumer connection for a growing array of food and drink products. This report explores how brands are successfully

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Wetsuits Market Size Report 2020: Industry by Marketing Channel, Products Sales, Revenue, Price and Gross Margin

The MarketWatch News Department was not involved in the creation of this content.

Sep 21, 2020 (The Expresswire) —
“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Global Wetsuits Market size analysis report 2020 delivers the latest industry data and future trends, letting you to recognize the products and end users which derives the revenue growth and profitability. The Wetsuits report lists the top competitors and delivers the strategic insights into industry which influences the market.

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The Wetsuits Market report detects several key companies of the industry. It helps the reader understand the strategies and collaborations that players are expert in combat competition within the market. The report provides a big microscopic look into the Wetsuits industry. The reader can identify the footprints of the manufacturers by knowing about the worldwide market revenue of manufacturers,

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