The Telangana high court has rejected a writ petition challenging the imposition of interest on total goods and services tax liability including input tax credit, a ruling that has significant implications for industry.
India's GDP growth forecast for 2019-20 was lowered by multiple agencies recently. First, the ADB cut it to 7.2% from 7.6%. It was followed by the RBI’s cut to 7.2% from 7.4% and then by the IMF to 7.3%.
‘Waqf institutions are meant for charitable purpose; we will seek exemption’
RattanIndia Finance, a joint venture by Rajiv Rattan and US-based private equity Loan Star Funds, has launched MSME loans to facilitate easier credit access to small businesses, media reports say.
It is 12 noon at the Surat textile market. All roads leading to the area are packed. There is not an inch of space left in the area to walk.
Loans to micro, small and medium enterprises (MSMEs) grew 21% year-on-year (y-o-y) in the quarter ended December 2018, according to a study by TransUnion Cibil, which also showed private banks and non-banking finance companies (NBFCs) gaining market share over public sector banks (PSBs).