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RBI likely to slash rate in December policy review: HSBC RBI likely to slash rate in December policy review: HSBC

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.

GST rates: Chidambaram sees 'room for improvement' in multi-tier tax framework GST rates: Chidambaram sees 'room for improvement' in multi-tier tax framework

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 move up by $16 million to reach $367 billion India's foreign exchange reserves move up by $16 million to reach $367 billion

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.

Arun Jaitley exhorts banks to lend a hand to corporates Arun Jaitley exhorts banks to lend a hand to corporates

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.

Global cues plunge Indian equity markets Global cues plunge Indian equity markets

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.

Reliance Indusries shares down nearly 2% as govt imposes $1.55 bn demand

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.

RBI issues guidelines for forex hedging by foreign companies RBI issues guidelines for forex hedging by foreign companies

Reserve Bank of India (RBI) issued draft guidelines on how Indian subsidiaries of multinational companies can hedge their currency exposure risk in the country.

Investors hesistant for fifth straight session; Sensex plunges 156 points Investors hesistant for fifth straight session; Sensex plunges 156 points

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 meet remains inconclusive, next meeting on November 20 GST Council meet remains inconclusive, next meeting on November 20

GST Council meeting held on Friday has turned out to be inconclusive. 

Finance Ministry expects Budget to be presented on February 1 Finance Ministry expects Budget to be presented on February 1

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.

P-Notes investment falls to Rs 2.12 lakh cr in September after hitting a 5 months high P-Notes investment falls to Rs 2.12 lakh cr in September after hitting a 5 months high

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.

Government raises $314 million from share sale in L&T Government raises $314 million from share sale in L&T

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.

BSE to auction investment limits for Rs 12,700 cr govt bonds on Monday BSE to auction investment limits for Rs 12,700 cr govt bonds on Monday

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.

NSE chief Chitra Ramkrishna named chairperson of Board of WFE NSE chief Chitra Ramkrishna named chairperson of Board of WFE

National Stock Exchange of India Limited (NSE) Managing Director & CEO Chitra Ramkrishna was named as the Chairperson of the Board of WFE.

Sensex weakens further, declines 43 points on weak global cues Sensex weakens further, declines 43 points on weak global cues

The 30-share Sensex moved down by another 42.53 points, or 0.15 percent, to trade at 27,387.75 in early trade.

GST tax rates: Walmart calls it progressive, cola makers turn cautious GST tax rates: Walmart calls it progressive, cola makers turn cautious

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.

GST with lower tax band at 5% less regressive: Experts GST with lower tax band at 5% less regressive: Experts

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.

Govt finalises four-tier GST tax structure; zero rate on foodgrains used by common man Govt finalises four-tier GST tax structure; zero rate on foodgrains used by common man

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.

Govt bonds decline on selling pressure, call rates decline

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.

GST tax structure to bring down prices and soften inflation: Arvind Subramanian GST tax structure to bring down prices and soften inflation: Arvind Subramanian

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.