Economy still growing below its potential: Raghuram Rajan

Economy still growing below its potential: Raghuram Rajan

Key weakness is in investment, with private fund flow subdued on low capacity utilisation, says Rajan.

GST, reforms to boost India's growth: Arun Jaitley to US CEOs
GST, reforms to boost India's growth: Arun Jaitley to US CEOs

The Finance Minister said foreign investment is important for India in order to have larger investment in infrastructure sector.

18 per cent or above: States, Centre wrangle over ‘potential losses’
18 per cent or above: States, Centre wrangle over ‘potential losses’

If the current VAT rates across states is anything to go by, a possible move by the GST Council to peg the standard GST rate at around 18% could translate into at least nine states potentially losing out revenues.

Sensex rules firm in late morning deals, up 215 points
Sensex rules firm in late morning deals, up 215 points

The NSE 50-share Nifty was also trading higher by 66.90 points, or 0.78 per cent, at 8,674.35.

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Goa is presumed to make gains from the implementation of GST, as there are no major manufacturing units in the state.

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European Commission order said that Apple Inc has to pay $14.5 billion in taxes

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In normal circumstances, a 13 billion euro cash award would make any country ecstatic. But Ireland is no ordinary country when it comes to tax law and its government insists it doesn't want the colossal windfall.

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An MP gets a salary of Rs 50,000 per month. In addition, Rs 2,000 per day is paid as daily allowance when an MP signs the register while attending Parliament sessions or House committee meetings.

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Four of China's 'Big Five' state-owned banks have warned that profits will continue to be pressured in the second half of the year, as slowing growth in country's economy hits borrowers and saps lenders' margins.

strike

Trade unions on Tuesday said they will go ahead with nation-wide strike on September 2, rejecting as 'completely inadequate' the government's 42 per cent hike in minimum wage to Rs 350 per day.

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A massive rally in domestic equities along with smooth supply of dollars on the back sustained capital inflows into equities and debt predominantly helped the upmove

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Sikkim: In a special sitting of the Sikkim Assembly, the resolution on ratification of the GST bill was moved by R B Subba, state Minister for Law, Legislative and Parliamentary Affairs and passed by the House.

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The Finance Minister said foreign investment is important for India in order to have larger investment in infrastructure sector.

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The European Union ordered Apple to pay a record 13 billion euros in back taxes in Ireland, saying deals allowing the US tech giant to pay almost no tax were illegal.

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Union Minister Nitin Gadkari has said that the draft vehicle scrapping policy would offer a combined benefit of Rs 14,000 crore to the Centre and states and drive the auto industry growth by 22 per cent.

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According to representatives, the Adani group, over a period of time, may also consider exporting the products to markets like the USA and Europe.

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Last October, DLF had announced that its promoters would sell 40 per cent stake in DLF Cyber City Developers (DCCDL).

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Hanjin's lead creditor Korea Development Bank (KDB), said inadequate financial support from parent Hanjin Group to an ongoing debt restructuring plan forced creditor banks to pull the plug.

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Mizoram Assembly today ratified the Goods and Services Tax (GST) Constitutional Amendment bill by adopting an official resolution, becoming 13th state to have approved the legislation. The state legislature unanimously adopted the official resolution moved by Finance and Taxation Minister Lalsawta after deliberations on the first day of the Assembly. Participants of the discussion, irrespective […]