IMF welcomes RBI decision to hike repo rate
Terms it as appropriate step in times of rising inflation The International Monetary Fund has welcomed the decision of the Reserve Bank of India to increase the repo rate by…
White House defends tariffs on steel and aluminum imports
AMN The White House has defended Trump administration’s move to increase tariffs on steel and aluminum imports, saying these are defensive measures and are not aimed at any individual country.…
RBI increases repo rate by 25 basis points to 6.25 %
AMN / MUMBAI In line with market expectations, the Monetary Policy Committee headed by RBI Governor Urjit Patel has unanimously hiked the key policy repo rate by 25 basis points…
RBI Second Bi-monthly Monetary Policy Statement, 2018-19 Resolution of MPC
AMN On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC) decided to: increase the policy repo rate…
Cabinet approves a package for sugar mills to clear farmers’ dues
AMN The Union Cabinet today cleared a package for sugar industry to ensure cash-starved mills clear dues to sugarcane farmers. This was confirmed by highly placed sources after the Cabinet…
AITAF urges FM to allow input tax credit on promotional schemes like “buy-one-get-one-free” deals
ADITYA RAJ DAS / NEW DELHI The All India Tax Advocates’ Forum (AITAF) has urged the Finance Minister to allow assesses to avail input tax credit on sale transactions under…
RBI’s Monetary Policy Committee begins 3-day meeting
AMN / Mumbai RBI’s Monetary Policy Committee headed by RBI Governor Urjit Patel, began its 3-day meeting Monday. Due to certain administrative exigencies, the six member committee is meeting for…
AITAF expresses concern over scrutiny notices being issued by GST authorities
ADITYA RAJ DAS / NEW DELHI The All India Tax Advocates Forum (AITAF) has expressed serious concern over growing trend of sending of scrutiny notices by the GST authorities to…
India to export 1.5 mn tonnes of sugar to China
WEB DESK India has made a strong pitch to export about 1.5 million tonnes of sugar to China in a bid to reduce its surplus stocks. In the meeting organised…
Become a Govt Informant on Black money, Get Reward of Rs 1 Crore
AMN / NEW DELHI In a bid to encourage people to provide information related to black money, Benami properties and transactions, the government on Friday announced the Benami information award.…