Reserve Bank will go for another round of rate cut in its December review, keeping in line with its dovish stance in the last policy, which might be followed by a pause in the medium term, according to foreign brokerage HSBC.
The proposed GST structure with "higher rates" has left "a lot to be desired" and there is a room for improvement in the multi-tier tax framework, former Finance Minister P Chidambaram said here on Saturday.
India`s foreign exchange reserves inched up by $16.6 million to $367.15 billion as on October 28, the Reserve Bank of India (RBI) has said.
Content with robust foreign capital flows and increasing public investment, Finance Minister Arun Jaitley on Saturday exhorted banks to support corporates to help spur private investment, a must for the economy to take off in a big way.
Investors` anxiety over the upcoming US presidential election, along with a massive foreign fund outflow, plunged the Indian equity markets during the just-concluded trade week.
Shares of Reliance Industries fell by nearly 2 percent today after the government slapped a USD 1.55 billion demand on the company and its partners BP and Niko for "unfairly enriching" by producing natural gas belonging to ONGC.
Reserve Bank of India (RBI) issued draft guidelines on how Indian subsidiaries of multinational companies can hedge their currency exposure risk in the country.
Spooked investors remained hesitant for the fifth session in a row amid uncertainty over US election result, pulling Sensex 156 points to near four-month low of 27,274.15 led by huge sell-off in pharma counters.
GST Council meeting held on Friday has turned out to be inconclusive.
Finance Ministry is gearing up to present the Budget for next fiscal around February 1, advancing the scheduled date by a month so as to complete the entire process by March 31, and preparations for it are "very much under control", says a top official.
Investments into domestic capital markets through participatory notes (P-Notes) dropped to Rs 2.12 lakh crore in September after hitting a five months high of Rs 2.16 lakh crore at the end of August.
India has raised 21 billion rupees ($314 million) from a stake sale in engineering group Larsen & Toubro Ltd , IFR reported on Friday, citing two sources close to the transaction.
Leading stock exchange BSE will on Monday auction investment limits for overseas investors for purchase of government debt securities worth over Rs 12,700 crore.
National Stock Exchange of India Limited (NSE) Managing Director & CEO Chitra Ramkrishna was named as the Chairperson of the Board of WFE.
The 30-share Sensex moved down by another 42.53 points, or 0.15 percent, to trade at 27,387.75 in early trade.
Retail major Walmart today welcomed the four-tier tax structure for GST, but aerated drink makers like PepsiCo and Coca Cola were guarded in their response, saying they will wait for the details to emerge.
A zero tax on daily necessities as well as lower rate of 5 percent for items of mass consumption will make the new Goods and Services Tax regime, to be rolled out from April next year, less regressive, tax experts said.
A four-tier GST tax structure of 5, 12, 18 and 28 percent that aims to lower tax incidence on most goods and keep out essential items was decided by a high-powered council on Thursday -- a major breakthrough for rollout of the Goods and Services Tax regime from April 1 next year.
Government bonds (G-Secs) declined on selling pressure from banks and corporates and the Interbank call rates also turned lower due to lack of demand from borrowing banks amidst ample liquidity situation in the banking system.
The decision of the GST council to keep the tax rate on items of mass consumption pegged at 5 percent will help in softening of inflation by bringing down prices said chief economic advisor Arvind Subramanian on Thursday.