Business, Economy, 4th Jul 2017, News & Stories from India

Wednesday, Apr 24, 2024 | Last Update : 03:45 AM IST

Business Economy 04 Jul 2017

Business, Economy, 04 Jul 2017

Earlier, the limit for foreign portfolio investors (FPIs) was about Rs 1.85 lakh crore.

Sebi hikes FPI investment limit for govt debt

New limit for investment by all FPIs in state development loans (SDL) General is Rs 28,500 crore.

04 Jul 2017 8:04 PM

Revenue Secretary Hasmukh Adhia clarified various doubts regarding GST.

Revenue Secy Adhia clears doubts in 'master class' on GST

Adhia announced a GST decentralised monitoring system was set up and said a 'GST Master Class' will be conducted.

04 Jul 2017 6:17 PM

The notification shall be deemed to have come into force with effect from the April 1, 2017

Credit card bill payment exempt from cash dealing limit

The move to ban cash transaction above a threshold was aimed at curbing black money.

04 Jul 2017 4:53 PM

Government said most of the inputs and raw materials for manufacture of these assistive devices/equipments attract a GST of 18 per cent. (Phtoto: Representational/PTI)

Five per cent concessional GST for specified items for physically challenged persons

GST rate of output supply is lower than the GST rate on inputs used for their manufacture.

04 Jul 2017 4:15 PM

This is steepest increase in LPG in six years.

GST raises subsidised LPG rate by up to Rs 32

Subsidised LPG rates have been increased to Rs 477.46 per 14.2-kg cylinder from Rs 446.65 in Delhi.

04 Jul 2017 3:44 PM

RBI has cut its inflation forecast to 2.5-3.5 per cent from 4.5 per cent for the first half and 3.5-4.5 per cent from 5 per cent for the second half.

Inflation pain easing; 25 bps rate cut likely on Aug 2: BofAML

RBI rate cut call on August 2, with June CPI at 1.5 per cent with daily data showing food inflation falling.

04 Jul 2017 2:07 PM

Reserve Bank of India will begin printing of Rs 200 notes to ease consumer transactions.

Rs 200 notes to be in circulation soon; RBI places order for printing

Reserve Bank of India, in consultation with the Finance Ministry had ordered the printing of Rs 200 notes.

04 Jul 2017 1:35 PM

Police on Tuesday detained several traders when they took out a march against GST implementation in Jammu and Kashmir (Representational Image).

Police detains J&K traders for protesting against GST

Traders were detained near the gate of the Civil Secretariat complex after they took out a protest march against GST.

04 Jul 2017 11:16 AM

FMCG sector is passing on GST benefits to consumers by decreasing prices or by increasing weightage of products under the same price bracket (Representational Image).

FMCG cos to extend tax benefits to customers, slash prices

FMCG sector in India is trying to pass on GST benefits to consumers as most FMCG products have been placed under 18 per cent slab.

04 Jul 2017 10:17 AM

Finance Ministry ruled out rumours about GST being a tax based on religion (Representational Image).

No religious disirimination in GST, says Finance Ministry

Finance Ministry's statement came amid rumours hat temples had to pay GST while mosques and churches were exempt from it.

04 Jul 2017 9:58 AM

Cabinet Secretary P K Sinha (Photo: Twitter)

Centre sets plan to ensure no shortage

Cabinet secretary asks ministries to keep an eye on price.

04 Jul 2017 1:07 AM

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Sanjeev Ahluwalia