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Slowdown in economy News

06 Oct 2017

GST Council decisions provide relief to SME sector: India Inc

India Inc has welcomed the outcome of the GST Council meet.

06 Oct 2017

GST Council meet: Big relief for SMEs, exporters; 27 items get cheaper

The GST Council made sweeping changes to give relief to small and medium businesses on filing and payment of taxes, eased rules for exporters and cut tax rates on more than two dozen items.

06 Oct 2017

GST: Jaitley announces e-wallet for exporters, relief to SMEs

In a relief to small and medium enterprises, the GST Council has raised the turnover threshold to Rs 1 crore for businesses to avail of the composition scheme that allows them to pay 1-5 per cent tax without going through tedious formalities.

06 Oct 2017

GST Council doles out sops for SMEs; composition scheme limit raised to Rs 1 cr

The GST Council discussed issues faced by small traders and requested quarterly filing of returns for small businesses.

06 Oct 2017

GST Council meet: Relief package likely for small businesses, exporters

The full fledged meeting of the Goods and Services Tax (GST) Council is also likely to assess the improvements in the GST Network's functioning.

India's economic growth

21 Sep 2017

Govt considering $7.7 billion stimulus spending in FY18 to revive economy: Report

Pulled down by sluggish manufacturing, growth in the Indian economy in the first quarter of this fiscal fell to 5.7 percent, clocking the lowest GDP growth rate since Narendra Modi took power in May 2014.

India's economic growth

21 Sep 2017

Govt eyes extra $7.7 billion spending to halt economic slowdown: Sources

The official said that the economy was passing through a "transitory phase" after the government`s decision late last year to outlaw old high-value banknotes and after the launch of a nationwide goods and services tax in July.

India's economic growth

31 Aug 2016

GDP slowdown in Q1 due to higher subsidy outgo: Das

Attributing the slowdown in first quarter GDP to higher subsidy outgo, Finance Ministry on Wednesday expressed confidence that good monsoon and impact of pay commission award will push the economic growth close to 8 percent in the current fiscal.

21 Dec 2014

Bad loan write offs double to Rs 42,477 cr in 3 years

The amount of bad loans written off or restructured by the PSU banks has more than doubled in the last three years ending March 2014 to Rs 42,447 crore.

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