Daily Latest News
New Delhi: Economists on Thursday anticipated at least one more repo rate cut by the Reserve Bank of India (RBI) in its upcoming monetary policy committee (MPC) review in December, as inflation based on the Consumer Price Index (CPI) eased to 0.3 per cent on-year in October from 1.4 per cent in September, marking its…
New Delhi: India’s inflation rate based on the Consumer Price Index (CPI) declined further to 0.25 per cent in October as the impact of the GST rate cut brought down the prices of goods and services during the month, according to figures released by the Ministry of Statistics on Wednesday. The retail inflation eased further,…
New Delhi: Life Insurance Corporation CEO & Managing Director R. Doraiswamy said on Thursday that the company has passed on the full benefit of the recent Goods and Services Tax (GST) exemption to its customers. In a statement after the LIC’s Q2 results, Doraiswamy said: “We at LIC have ensured that all intended benefits of…
New Delhi: Despite rate rationalisation, the Goods and Services Tax (GST) collections rose 4.6 per cent (year-on-year) in the festive month of October at about Rs 1.96 lakh crore, the official data showed on Saturday. October also made it the 10th consecutive month that revenues remained above the Rs 1.8 lakh crore mark. According to…
New Delhi21 minutes ago copy link Now GST registration for small and low risk businesses will be available in just 3 business days. The central government has launched a new GST registration scheme for small and medium traders from today (November 1). The benefit of the new scheme will be available to those traders whose…
New Delhi: MSMEs’ market conditions are anticipated to improve in the next quarter, driven by stronger domestic demand and supportive policies such as the cut in GST on a wide range of products and services, SIDBI said in a report on Monday. The services sector, in particular, is showing robust expectations for future growth. Meanwhile,…
Mumbai: The RBI is likely to go in for another policy rate cut before the end of the year, which, along with fiscal consolidation and domestic regulatory easing, would lead to a gradual recovery in credit demand, according to a Goldman Sachs report. “We expect an additional policy rate cut before year-end, and the recent…
New Delhi: A renewed sense of enthusiasm and momentum has been felt across markets, industry, business circles, and among the general public, following recent reform in tax slabs of the Goods and Services (GST), said Union Commerce and Industry Minister Piyush Goyal on Saturday. Goyal said this in a joint press conference with Finance Minister…
New Delhi: Economists on Tuesday said the GST 2.0 reforms are set to create new Diwali shopping records in the country as purchasing power has considerably gone up while inflation has come down to a historic low. The reduction in GST has put more money in people’s hands and when purchasing power increases, inflation automatically…
New Delhi: The intensity of foreign portfolio investor (FPI) selling in the Indian markets slowed down significantly in October, analysts said on Sunday. The shift in the FPI trading strategy is significant and it stems from two factors. One, the valuation differentials between India and other markets, which were high earlier, had come down significantly…