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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.

GST rates finalised; lowest tax band fixed at 5%, highest at 28% GST rates finalised; lowest tax band fixed at 5%, highest at 28%

Finance Minister Arun Jaitley will seek parliamentary approval for bills later this month that would set the rate and scope of the GST. State assemblies must also to approve similar bills for the tax to enter force as planned next April 1.

 

Sensex continues downward trend; Nifty breaks below 8,500-mark Sensex continues downward trend; Nifty breaks below 8,500-mark

The index had lost 414.29 points in the previous three sessions.

SEBI orders 5 firms to refund investors money in 3 months

Markets regulator SEBI has ordered five companies and their directors to refund in three months the money raised from investors without complying with the public issue norms.

Sensex crashes 349 points on US election concerns, global sell-off; Nifty below 5,550 Sensex crashes 349 points on US election concerns, global sell-off; Nifty below 5,550

The BSE Sensex Wednesday tumbled over 349 points to close at 27,527.22 on weakening global cues after the latest poll suggested that Republican Donald Trump was slightly ahead of market favourite Hillary Clinton in the US Presidential race.

RBI to soon come out with norms on one-time settlement for debt ridden sectors RBI to soon come out with norms on one-time settlement for debt ridden sectors

In order to provide breather to construction sector, the Reserve Bank is likely to come out soon with detailed norms for one-time settlement of loans in line with the Cabinet decision.

Sensex plummets 288 points on US poll fears; Nifty dips below 8,600 mark Sensex plummets 288 points on US poll fears; Nifty dips below 8,600 mark

Sensex plunged 288.06 points or 1.03 percent at 27,588.55 with all the sectoral indices led by metal, realty and oil in the negative zone, falling by up to 1.73 percent.

RBI opens second Banking Ombudsman office in New Delhi RBI opens second Banking Ombudsman office in New Delhi

The Reserve Bank of India has opened a second office of the Banking Ombudsman in New Delhi, taking into account the significant increase of the banking network.

SEBI comes out with stricter disclosure norms for credit rating agencies SEBI comes out with stricter disclosure norms for credit rating agencies

Markets regulator SEBI Tuesday came out with stricter disclosure requirements for credit rating agencies to ensure more transparency in their policies amid instances of drastic downgrades impacting investors.

Sensex wipes our early gains, ends 54 points down ahead of US Fed meet Sensex wipes our early gains, ends 54 points down ahead of US Fed meet

The benchmark BSE Sensex wiped out early gains to close 53.60 points lower at 27,876.61 today following selling in key bluechip IT and teck counters ahead of key US Federal Reserve meet.

RBI Dy Guv post: Finance Ministry gets about 90 applications RBI Dy Guv post: Finance Ministry gets about 90 applications

With the post of Deputy Governor of the Reserve Bank vacant following the elevation of Urjit Patel as the Governor of the central bank, as many as 90 applicants are said to have applied for the vacant post.

Banks to report frauds of Rs one crore and above to Central Vigilance Commission Banks to report frauds of Rs one crore and above to Central Vigilance Commission

With several high-ticket alleged frauds like Vijay Mallya loan default case coming to fore, Central Vigilance Commission has now made it mandatory for the public sector banks to report to it all such matters involving funds over Rs one crore.

Stock market: Macro data, quarterly earnings to drive sentiments Stock market: Macro data, quarterly earnings to drive sentiments

Release of macroeconomic data and quarterly earnings are set to drive stock market sentiment this week and the countdown to the US presidential election on November 8 may add to the volatility, say experts.

Stock markets to hold special Muhurat trading session today Stock markets to hold special Muhurat trading session today

Leading bourses BSE and NSE will conduct a special 'Muhurat' trading session on Sunday to mark the start of the Hindu New Year.

SBI to allot shares to govt for capital infusion of Rs 5,681 crore SBI to allot shares to govt for capital infusion of Rs 5,681 crore

Country's largest lender SBI on Saturday said it will issue equity shares on preferential basis to the government for capital infusion of Rs 5,681 crore.

Sensex witnesses turbulence in festive week; drops 135.67 points Sensex witnesses turbulence in festive week; drops 135.67 points

The stock market witnessed turbulence in the festive week as the benchmark BSE Sensex lost 135.67 points to retreat from the psychological 28,000-mark, while broader Nifty fell by 55.05 points.

India's forex reserves rise $1 bn to $367.14 bn India's forex reserves rise $1 bn to $367.14 bn

Total reserves had dipped by USD 1.506 billion to USD 366.139 billion in the previous reporting week, after touching a life-time high of USD 371.99 billion in the week to September 30, 2016.

Tata Group stocks bounce up to 5.6% after 3 days of fall Tata Group stocks bounce up to 5.6% after 3 days of fall

Tata group stocks on Friday bounced back after three days of continuous decline, rising up to 5.6 percent, on value-buying at a lower level.

Dhanteras 2016 deal: Get Rs 500 off per 10 gm of gold this Diwali Dhanteras 2016 deal: Get Rs 500 off per 10 gm of gold this Diwali

Dhanteras is the best time of the year for buying gold. The Finance Ministry has released another tranche of Sovereign Gold Bond for a special period of 24th October to 2nd November offering steep discount. 

Sensex wipes out early losses, ends in positive space on earnings lift Sensex wipes out early losses, ends in positive space on earnings lift

At the close, the 50-share NSE Nifty was flat at 8,615.25 after shuttling between 8,624.85 and 8,550.25.