Economy
India Inc. wants I-T cuts, focus on job creation, tax slabs
CII asks the government to lower income tax rates to help revive consumption demand
Rupee falls to all-time low of 80.05 against US dollar
The rupee opened on a weaker note on Tuesday morning weighed down by outflows and high oil prices
Highest 28% GST on luxury, sin goods to continue: Revenue Secy
The GST Council has set up a Group of Ministers (GoM), under Karnataka CM Basavaraj Bommai, to suggest rationalisation in tax rates and more
GST Council puts off compensation decision till August
A final decision is likely to be taken at the next meeting of the council in the first week of August
GST Council removes tax exemptions on some items
States clamour for more revenue share
Rupee plunges to new record low at 77.85, down 11 paise
At the interbank foreign exchange market, the local currency opened at 77.81 traded weaker, but directionless
RBI hikes key rate by 0.5 per cent as it tries to tame inflation
This latest increase in the key rate follows a surprise 40-bps repo rate hike on May 4
RBI hikes policy repo rate by 50 bps, raises inflation forecast to 6.7 per cent
This is the second hike in the policy repo rate since the being of the current financial year
Bond yield spikes to 7.5 per cent for first time in three years
The rate setting panel has begun its three deliberations on Monday with the outcome being announced on Wednesday
8.7 per cent growth in GDP in FY2022, Q4 dips to 4.1 per cent
Indian economy expanded at 8.7 per cent pace for the financial year 2021-22 against a contraction of 6.6 per cent in FY21