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  Business   Economy  30 Jun 2017

Business, Economy, 30 Jun 2017

RBI sees economy clipping at 7.3 pc in current fiscal

Retail inflation, excluding food and fuel that remained sticky during H2 of FY17 at around 4.9 per cent.

30 Jun 2017 8:05 PM

Effective GST rate on under-construction real estate at 12 pc

Government hiked the GST rate for the construction sector to 18 per cent from 12 per cent.

30 Jun 2017 7:49 PM

RBI warns of more NPA pain, sees bad loans topping 10 per cent by March

Net non-performing advances (NNPA) ratio marginally increased to 5.5 per cent in March 2017.

30 Jun 2017 7:39 PM

'One crore traders, businessmen to come under GST ambit'

Currently, there are 80 lakh individuals and entities paying various central and state taxes.

30 Jun 2017 7:25 PM

Govt abolishes large taxpayer units on GST rollout

GST will subsume over a dozen state and central level levies such as excise and sales tax.

30 Jun 2017 7:17 PM


'GST to make India a simpler, more revenue generating economy'

Overhauling India's convoluted indirect taxation system and unifying the over USD 2 trillion economy

30 Jun 2017 6:25 PM

India's infrastructure output grows 3.6 per cent in May

Annual growth in refinery production rose 5.4 per cent last month from 0.2 per cent in April.

30 Jun 2017 6:12 PM

80 per cent items in GST within 18 per cent rate

Unbranded food staples including vegetables, milk, eggs and flour will be exempt from GST along with health and education services.

30 Jun 2017 5:59 PM

Govt slashes small savings rates by 0.1 per cent

The investment on 5-year Senior Citizens Savings Scheme will yield 8.3 per cent.

30 Jun 2017 5:34 PM

Talk that GST would boost GDP growth by 1-1.5 per cent rubbish: Debroy

Debroy said the Indian GST is not an "ideal" one because of the country's federal structure.

30 Jun 2017 5:18 PM


Gadkari says GST will be the end of 'Inspector Raj'

Gadkari said that of course, there will be teething trouble in GST launch , but the government is ready to tackle the challenges.

30 Jun 2017 5:12 PM

Housing prices to decline after GST rollout: Naidu

Govt hiked the GST rate for the construction sector to 18 pc from 12 pc but removed land value from computation of tax liability.

30 Jun 2017 4:40 PM

GST regime to boost organised jewellery retailers: CRISIL

Currently, the unorganised player's annual revenue estimated by CRISIL at about Rs 2.85 lakh crore.

30 Jun 2017 4:25 PM

GST will not affect 78 per cent of essential drugs, says NPPA

The government has fixed GST rate of 12 per cent on most essential drugs as against the existing 9 per cent rate.

30 Jun 2017 4:16 PM

Customs and excise board: July 1 to be celebrated as GST day

CBEC also instructed putting up of banners welcoming members of the trade and industry for any facilitation at all field offices.

30 Jun 2017 3:53 PM


Grain traders protest against 5 pc GST, shut shops

Branded grains, rice, sugar and atta will be levied five per cent GST.

30 Jun 2017 2:58 PM

Reduce GST on crop protection chemicals: CropLife India

Crop protection products are being taxed higher when compared to other agri-inputs.

30 Jun 2017 2:45 PM

MRP labelling mandatory from next year, rules food ministry

The government said that the rules have been amended to enhance consumer protection and ease of doing business.

30 Jun 2017 2:20 PM

Indians hit stores in shopping frenzy ahead of new sales tax

Shoppers get bargains, and retailers avoid incurring fresh taxes on old inventories.

30 Jun 2017 2:06 PM

Traders seek leniency on filing tax returns under GST regime

Nearly 82 per cent or 1.7 lakh traders have registered under the new single tax system.

30 Jun 2017 1:58 PM