GST panel unlikely to favour tax rate cut for auto sector: sources

Total annual revenue loss could be as much as 500 bn rupees if the panel decided to lower tax rates for auto sector to 18 pc from 28 pc.

Man-made yarn imports up multi-fold in July

Imports of polyester yarn increased 193 per cent from 29,08,000 kg in July 2018 to 85,35,000 kg in July 2019.

An interest burden growing faster than GDP growth by 2.5 percentage points is not a comforting signal for fiscal stability.

Sitharaman said creating a robust infrastructure is imperative for a fast-growing economy like India.

Listing major achievements in first 100 days, FM said creating robust infrastructure is imperative for fast-growing economy like India.

Automobile and component manufacturers have been seeking GST cut on automobiles to 18 per cent from 28 per cent

The auto components industry currently employs 50 lakh people and contributes 2.3 per cent to India's GDP.

Earlier this week, former PM Manmohan Singh had said the state of economy was 'deeply worrying'.

A rupee saved is a rupee earned — and you will need every one of those rupees when you are trying to buy a property.

This is the second time during this year that the revenue collection from the GST slipped below the Rs 1 lakh crore mark.