New Delhi/Mumbai: A booster dose in the form of further rate cut is expected from the Reserve Bank to rekindle economic growth which has been stunted by low demand, receding production and stagnant wages. Economy watchers contend that subdued food prices coupled with growth concerns allows RBI
The Goods and Services Tax (GST) collection for the month of May rose 6.67 per cent to Rs1,00,289 crore from a year ago period staying above Rs1 lakh crore in monthly revenue mop-up.
With the Goods and Services Tax (GST) regime stabilising after a series of rate rationalizations, the focus of the government has now clearly shifted to easing the compliance burden and containing tax evasion.
Goldman Sachs India Securities said India has already attracted $13 billion net foriegn funds so far this year and expects the trend to continue. “India has already attracted net capital inflows of about $13 billion so far this year which contrasts
India’s foreign exchange reserves rose by $2.48 billion during the week ended Nov.29, official data showed. According to the Reserve Bank of India’s weekly statistical supplement,
Growth worries following the dismal second quarter GDP numbers led most stocks to end lower on Monday which was most visible in the broader markets as the BSE mid-cap index lost nearly 1 per cent.
India’s foreign exchange reserves continued to rise during the week ended Dec.27 to touch a new record high. The Reserve Bank of India’s reserves rose by $2.52 billion during the week under review, official data showed.