GDP to recover in Q2 as fundamentals strong, says Ravi Shankar Prasad
Tax on unbranded namkeen, unbranded ayurvedic medicines, sliced dried mango and khakra has been cut to 5 per cent from 12 per cent while the same on man-made yarn is reduced from 18 per cent to 12 per cent.
Oct 07, 2017, 16:56 PM IST
GST Council decisions provide relief to SME sector: India Inc
India Inc has welcomed the outcome of the GST Council meet.
Oct 06, 2017, 23:05 PM IST
GST Council meet: Big relief for SMEs, exporters; 27 items get cheaper
The GST Council made sweeping changes to give relief to small and medium businesses on filing and payment of taxes, eased rules for exporters and cut tax rates on more than two dozen items.
Oct 06, 2017, 22:38 PM IST
GST: Jaitley announces e-wallet for exporters, relief to SMEs
In a relief to small and medium enterprises, the GST Council has raised the turnover threshold to Rs 1 crore for businesses to avail of the composition scheme that allows them to pay 1-5 per cent tax without going through tedious formalities.
Oct 06, 2017, 20:28 PM IST
GST Council doles out sops for SMEs; composition scheme limit raised to Rs 1 cr
The GST Council discussed issues faced by small traders and requested quarterly filing of returns for small businesses.
Oct 06, 2017, 16:25 PM IST
India calls for new global partnership to boost economic growth
The global economic recovery is only progressing slowly and growth is weaker than expected while risks persist, Ashish Sinha, a First Secretary in India`s UN Mission, told the General Assembly committee dealing with economic and financial matters on Thursday.
Oct 06, 2017, 09:45 AM IST
GST Council meet: Relief package likely for small businesses, exporters
The full fledged meeting of the Goods and Services Tax (GST) Council is also likely to assess the improvements in the GST Network's functioning.
Oct 06, 2017, 08:58 AM IST
Govt working on fiscal incentives to boost industry: Suresh Prabhu
Prabhu said the country's economy is doing good and it has a huge growth potential in coming years.
Oct 05, 2017, 15:20 PM IST
RBI cuts SLR by 0.5 percent; frees Rs 57K crore for lending
The Reserve Bank will soon put in place a framework for authorisation of electronic trading platforms (ETP) for financial market instruments regulated by the Reserve Bank.
Oct 04, 2017, 16:54 PM IST
Stimulus, farm waiver to push up fiscal deficit by 1%: RBI
The RBI, in August, had pegged growth at 7.3 per cent for 2017-18 on a GVA basis.
Oct 04, 2017, 16:52 PM IST
RBI on GST: Adverse impact on mfg, may delay investment
Growth of the manufacturing sector, which makes up 77.6 per cent of the industrial production measuring index, decelerated sharply to 0.1 per cent in July compared to 5.3 per cent in the same period of 2016.
Oct 04, 2017, 16:50 PM IST
RBI comes down heavily on MCLR, moots external
The base rate/MCLR regime is also not in sync with global practices on pricing of bank loans, it said, adding that "the study group has, therefore, recommended a switchover to an external benchmark in a time-bound manner".
Oct 04, 2017, 16:47 PM IST
RBI comes down heavily on MCLR, moots external
The base rate/MCLR regime is also not in sync with global practices on pricing of bank loans, it said, adding that "the study group has, therefore, recommended a switchover to an external benchmark in a time-bound manner".
Oct 04, 2017, 16:47 PM IST
RBI maintains status quo; cuts growth forecast to 6.7% in FY18
Some analysts have been saying inflation has been off the lows and will be pushing up in the second half of the fiscal.
Oct 04, 2017, 15:03 PM IST
Expert views: RBI keeps repo rate unchanged as expected
The impending tightening of monetary policy globally, easing in fiscal discipline, rise in commodity prices are all factors which will reinforce its hawkish stance further.
Oct 04, 2017, 14:59 PM IST
RBI fourth monetary policy review for 2017-18- Full text
Consequently, the reverse repo rate under the LAF remains at 5.75 per cent, and the marginal standing facility (MSF) rate and the Bank Rate at 6.25 per cent.
Oct 04, 2017, 14:53 PM IST
Over 70% mid-market firms confident on domestic economy: HSBC
Further, it found that more than half of the MMEs in India forecast that technology investments would be a lower priority in the next three years.
Oct 03, 2017, 19:06 PM IST
Core sector growth rises to 4.9% in Aug; highest in 5 months
Cumulatively, the eight core sectors in April-August recorded a growth rate of 3 per cent as against 5.4 per cent in the same period a year ago.
Oct 03, 2017, 18:45 PM IST
No danger from protectionism, automation: Arvind Panagariya
They still need to acquire much greater voice in these international institutions, he said, adding that these institutions themselves require necessary reform.
Oct 03, 2017, 13:52 PM IST
India improving on competitiveness index, but large ailments remain
In a major hopeful boost to the dwindling India growth story, the report stated that among the emerging markets that were seen to have great potential in the early 2000s, Brazil and Turkey have lost much of what they had gained before 2013, while China, India and Indonesia continue to grow strong.
Oct 03, 2017, 11:20 AM IST
