ECONOMY NEWS

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Indian stocks edge higher in lackluster trade; ITC up 3%

Will recommend review of GST, Sitharaman tells industries  -   23/06/2017
U nion Minister Nirmala Sitharaman assured trade and industry that their grievances on GST would be taken up with the government and she would personally recommend having a review three months after its implementation, reported PTI. Responding to queries about fixing the slab for different trades and industries during an interactive session organised by BJP's Coimbatore district unit here, Sitharaman,...
Jitendra Singh launches online software for departmental proceedings  -   22/06/2017 16:23
T he Union Minister of State Development of North-Eastern Region, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Jitendra Singh on Thursday launched the online software for departmental proceedings. Speaking on the occasion, Jitendra Singh complemented the Department of Personnel and Training (DoPT), CVC and other departments for their collective efforts in this direction. He said that th...
Only single GST return to be filed every month: Hasmukh Adhia  -   22/06/2017 15:35
T he Indian Government has said that the new tax regime will not be cumbersome and compliance- heavy, as the taxpayers need to file only one return every month, similar to what they presently do. Commenting on the issue, Revenue Secretary Hasmukh Adhia told the media, “The notion that assessees will have to file three returns every month is unfounded and retailers or B2C dealers need not give invoi...
NCAER revises India’s economic growth to 7.6%: Reports  -   22/06/2017 14:45
E conomic think-tank NCAER has said that it has revised up its projection for the India's economic growth to 7.6 per cent for the current fiscal, compared with the earlier prediction of 7.3 per cent on forecast of normal monsoon. Commenting on the issue, a NCAER Official told the media, “Prospects for the agricultural sector in 2017-18 remain optimistic on forecast of good rains. The forecast f...
RBI sets rupee reference rate at 64.4950 against dollar  -   22/06/2017 13:54
T he Reserve Bank of India today fixed the reference rate of the rupee at 64.4950 against the US dollar and 72.0732 for the euro. The corresponding rates were 64.6025 and 71.9413, as on June 21. According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 81.7990 and 58.05 per 100 yens, respectively, based on reference rates for the dollar and cross-currency quot...
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