Business, Economy, 2nd Jul 2017, News & Stories from India

Friday, Apr 26, 2024 | Last Update : 04:12 AM IST

Business Economy 02 Jul 2017

Business, Economy, 02 Jul 2017

Revenue secretary Hasmukh Adhia. (Photo: PTI)

Seven myths and realities about GST: Hasmukh Adhia

Adhia cleared the myths about GST and said the process around the implementation and execution will be transparent.

02 Jul 2017 6:24 PM

GST: Dattatreya to raise issues of textile, beedi sectors with Jaitley

Imposition of the GST on textiles and sought his intervention to urge the Centre to exempt the textiles industry from the GST.

02 Jul 2017 5:23 PM

Total funds kept by all foreign clients in the Swiss banking system, as per an analysis of the latest figures compiled by the Swiss National Bank as on 2016-end.

Money in Swiss banks: India slips to 88th place; UK on top

Total money held in Swiss banks by foreign clients from across the world, incidentally rose by a small margin from 1.41 trillion.

02 Jul 2017 4:26 PM

The GST will also support higher government revenue generation through improved tax compliance and administration.

GST to boost GDP; positive for rating: Moody's

GST will remove plethora of taxes like excise, service tax and VAT and transform India into a uniform market.

02 Jul 2017 3:50 PM

The proposed fully AC train will have three-tier Economy AC coaches besides AC-3, AC-2 and AC-1 classes as part of the transformation exercise.

Trains to have Economy AC coaches soon; fares less than normal 3 AC tariff

The fully AC train with more Economy AC coaches is expected to cater to more passengers.

02 Jul 2017 1:37 PM

Housing sales stood at 1.87 lakh units during the year- ago period.

Housing sales fall over 40 per cent in Jan-May on slow mkt: PropEquity

Launch of new homes also fell 62 pc to 70,450 units during the first five months of this year as against 1,85,820 units.

02 Jul 2017 12:56 PM

Input tax credit will curb inflation by avoiding tax- on-tax.

GST to widen tax net, make India Inc more competitive: CII

GST is based on self-compliance with the input tax credit as a powerful incentive to businesses to step into the tax fold.

02 Jul 2017 12:49 PM

Union Cabinet on June 28 approved recommendations of Seventh Pay Commission with 34 modifications which will impose an additional annual burden of Rs 30,748 crore on the exchequer.

7th Pay Commission allowances to bump up inflation temporarily

Reserve Bank is expected to cut repo rate by 25 bps in its August meeting.

02 Jul 2017 12:19 PM

Differential spread between 10-year bond yields in the US and India is still around 4.5-5 per cent.

FPI inflows hit 3 month high of Rs 29,000 cr in June

The latest inflow comes following a net infusion of over Rs 1.33 lakh crore in the previous four months.

02 Jul 2017 11:47 AM

Exporters are worried as they have to arrange funds for payment of GST which will be refunded to them upon exports.

GST narrows ambit of duty credit scrip use by exporters

Exporters body FIEO has approached the government to widen utilisation of the scrips.

02 Jul 2017 11:33 AM

Services sector saw an increase of 4.1 per cent in advances in April, lower than the increase of 10.9 per cent in April 2016.

Non-food credit inches up 4.5 per cent in April

Loans to agriculture and allied activities rose by 7.4 per cent in April 2017, lower than the 15.3 per cent growth in April 2016.

02 Jul 2017 11:07 AM

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Sunil Gatade