BUSINESS AWAAZ

GST rates unlikely to hurt inflation, RBI to be less hawkish

A day after the GST council decided on the rates, domestic rating agency Icra said, the structure is unlikely to fan inflation. It said in a note, with the effective tax rate intended to be brought down on most items, as well as a large portion of the CPI basket being kept in the exempted … Continue reading GST rates unlikely to hurt inflation, RBI to be less hawkish

Inflation to fall by 2% after initial rise following GST: Revenue Secretary

TIA NEWS Revenue Secretary Hasmukh Adhia has said, Inflation will fall by two per cent on implementation of the goods and services tax, GST, and will create buoyancy in the economy. In an interview to a news agency, he said the all-powerful GST Council will meet next week to decide on tax rates of contentious … Continue reading Inflation to fall by 2% after initial rise following GST: Revenue Secretary

India’s export sector performs well despite global slowdown: Govt

AMN Commerce and Industry Minister Nirmala Sitharaman has said, India’s export sector has performed well despite the global slowdown. Addressing a press conference in New Delhi on key initiatives taken by her Ministry during the last three years, Ms Sitharaman said, notwithstanding global headwinds, exports have shone in last 6 months. Ms Sitharaman said, number … Continue reading India’s export sector performs well despite global slowdown: Govt

June 30 deadline for Aadhaar not to be extended: Govt to SC

The Centre today told the Supreme Court that there is no question of extending the June 30 deadline for making Aadhaar mandatory for availing benefits of various social welfare schemes. Attorney General Mukul Rohatgi said, the idea behind making Aadhaar mandatory for welfare schemes was that the benefit should not go to what he called, … Continue reading June 30 deadline for Aadhaar not to be extended: Govt to SC

GST Council approves rates for levied goods

AMN The 14th Goods and Services Tax (GST) Council Meeting has broadly approved the GST rates for goods at nil rate, 5%, 12%, 18% and 28% to be levied on certain goods. The Council has also broadly approved the rates of GST Compensation Cess to be levied on certain goods. Meeting, chaired by the Union … Continue reading GST Council approves rates for levied goods

List of GST rates for approved goods

AMN The 14th Goods and Services Tax (GST) Council Meeting has broadly approved the GST rates for goods at nil rate, 5%, 12%, 18% and 28% to be levied on certain goods. The Council has also broadly approved the rates of GST Compensation Cess to be levied on certain goods. Meeting, chaired by the Union … Continue reading List of GST rates for approved goods

Global Crude oil price of Indian Basket was $ 51.28/bbl on May 18

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 51.28 per barrel (bbl) on 18.05.2017. This was higher than the price of US$ 50.78 per bbl on previous publishing day of 17.05.2017. In rupee terms, the … Continue reading Global Crude oil price of Indian Basket was $ 51.28/bbl on May 18

Foodgrains to be cheaper under GST

Foodgrains will cost less from July 1 when the nation-wide Goods and Service Tax (GST) is rolled out as the GST Council today decided to exempt the daily-use commodities from the levy. The GST rates for all 1,211 items but six were finalised at the first day of the two-day meeting in Srinagar of the … Continue reading Foodgrains to be cheaper under GST

Key Asian stocks fall amid concern about political developments in US

Key Asian stocks fell, today, amid concern about political developments in the US. Key Asian markets also lost ground. So Japan’s Nikkei 225 index slipped 1.3 percent; Singapore’s Straits Times index lost 0.1 percent; South Korea’s Kospi dropped 0.3 percent, each; China’s Shanghai Composite index declined 0.5 percent; and Hong Kong’s Hang Seng index shed … Continue reading Key Asian stocks fall amid concern about political developments in US

Anti-dumping duty imposed on Chinese chemical, aluminium foil

India has imposed anti-dumping duty on a Chinese chemical used in pharma industry and aluminium foil to protect domestic industry from cheap imports. While an anti-dumping duty of up to 1.63 US Dollar per kg was imposed on aluminium foil, up to 8.71 US Dollar per kg duty was slapped on imports of amoxicillin, used … Continue reading Anti-dumping duty imposed on Chinese chemical, aluminium foil

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Hockey India shortlists Junior probables for five-week camp

  HARPAL SINGH BEDI /New Delhi Hockey India (HI) Wednesday named 90 probables ( 53 men and 37 women ...

Ashwin wins International Cricketer of the Year award

AMN / India off-spinner Ravichandran Ashwin today won the coveted International Cricketer of the Year award a ...

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NEPAL TRAGEDY: PHOTO FEATURE

[caption id="attachment_30524" align="alignleft" width="482"] The death toll from Saturday's deadly 7.9 magnit ...