RBI keeps repo rate unchanged at 6%
December 06, 2017 Just in: The Reserve Bank of India keeps policy repo rate under liquidity adjustment facility (LAF) unchanged at 6.0 per cent. Consequently, reverse repo rate under the LAF remains at 5.75 per cent and marginal standing facility rate and the bank rate at 6.25 per cent. Repo rate is the rate at […]
Oil prices fall ahead of U.S. crude stocks data
SEOUL – Oil prices fell on Tuesday ahead of U.S. crude inventories data, as the market weighed the impact of rising U.S. crude output versus last week’s deal between OPEC and other crude producers to extend output curbs. International benchmark Brent crude futures were trading down 25 cents, or 0.4 percent, at $62.20 per barrel […]
HDFC Bank’s ‘Blood Donation Drive’ on Friday, Dec8
Srinagar,: HDFC Bank Ltd., will hold its nationwide Blood Donation Drive on December 8. People between the age group 18-65 can walk-in to any of the over 2,000 Blood Donation Camps in 950+ cities to donate blood. To find the location of the camp nearest to you, please visit HDFC Bank website. Here’s some information about the […]
Manmohan Singh says demonetisation and GST ‘broke the back of businesses’, ‘cost the nation hugely’
Surat: Former prime minister Manmohan Singh on Saturday said it was too early to conclude that the economic slowdown has reversed as the 6.3 percent growth rate in the July-September quarter did not take into account the small and medium sector which suffered huge losses in the aftermath of demonetisation and hasty implementation of GST. He […]
Oil prices end steady in thin trade
02nd December 2017 New Delhi: Steady conditions prevailed at the wholesale oils and oilseeds market today as prices generally moved in a narrow range in scattered deals. Traders said adequate stocks position against sporadic demand mainly kept edible and non-edible oils at previous levels. Following are today’s quotations (in Rs per quintal): Oilseeds: Mustard seed […]
GST likely to be simplified further
November 30, 2017 After reducing the rates of more than 200 items in the previous Goods and Services Tax (GST) Council meet, the panel might now significantly tweak rules to simplify procedures and ease rules for businesses. The six-member advisory panel formed by the government for simplification and rationalisation of GST will likely propose a […]
Why sugar prices are likely to rise from January
November 29, 2017 The government is considering removing stock limits on sugar to arrest falling prices after a bumper harvest. Industry representatives met food ministry officials late last week to urge the government to remove the stock limits. The rules now allow a dealer or trader in north and north-east India to store up to […]
‘GST good for domestic designers’
New Delhi, Nov 22 : Indian designers can benefit from the country’s GST policy says Narresh Kukreja from the Shivan & Narresh designer duo. He believes if designers don’t take advantage of the situation, they will “regret” it in the long run. The current GST rate on designer goods is 12 per cent. “I feel […]
Sensex, Nifty stay afloat in volatile trade
November 20, 2017 Key stock indices Sensex and Nifty on Monday rode out sharp fluctuations, but closed flat, with realty, metal and power stocks saving the day for them. Risk appetite took a back seat, reflecting mixed Asian shares on lingering concerns about American tax reforms, traders said. The market struggled for direction as the […]
‘Complex GST process hitting ecommerce startups’
New Delhi, Nov 18 :Online sales of auto components have been hit by complex GST model for ecommerce players, online marketplace boodmo said. Exclusion of e-commerce businesses from the composite scheme, a higher tax rate of 28 per cent for auto components and for logistics of spare parts as well, and a complex GST model […]
