Exporters operating small and medium-sized units (MSMEs) are set to benefit from the exemption to pay taxes under the GST schemes.
The RBI may cut repo rate by 150-200 basis points throughout this fiscal if inflation target remains insight. RBI's medium-term target for consumer price index (CPI) inflation is of 4 per cent within a band of +/- 2 per cent, a news agency report said.
Tiruppur’s wishlist for infrastructure development was not fulfilled
Mumbai: The Indian rupee Friday rallied 49 paise to close at 69.53 against the US dollar in line with a massive surge in domestic equities following a decisive mandate for Narendra Modi's BJP in the general elections. On weekly basis, the Indian currency gained 70 paise helped by a host of domestic and global factors like stable political outlook with NDA government's return, sustained fund inflows, lower crude oil prices and strengthening Asian currencies.
Arun Jaitley on Friday tried to quell speculation that he might not return as finance minister in the next Narendra Modi-led government
With BJP-led NDA government certain to come back to power at the Centre, the Finance Ministry has accelerated the pace of finalising the broad contours of the Union Budget 2018-19, official sources here said on Thursday.