NEW DELHI: In what could radically transform the indirect tax administration system and the way business is conducted, India is looking at the possibility of introducing electronic invoicing under goods and services tax.
After rising for the past many weeks, the country's foreign exchange reserves declined by $ 739.2 million to $ 414.147 billion in the week to April 19, RBI data showed Friday.
The Supreme Court on Friday reprimanded the Reserve Bank of India (RBI) for refusing to disclose information pertaining to the annual inspection report on banks under the Right to Information (RTI) Act, and warned that any further attempts by the banking sector regulator to hold back such information “shall be viewed seriously by the court”.
May wait for the Model Code of Conduct to be withdrawn.
Surat: Textile traders, facing tough times for the past several months, have pinned their hopes on Ramzan festival in the first week of March for a business-turnaround.
The stability of NBFCs and mutual funds should not be overestimated.