THE announcement made by Reserve Bank of India (RBI) on January 1, 2019 permitting all banks and NBFCs to restructure stressed viable MSME accounts with aggregate exposure upto Rs 25 crore without downgrading the asset to substandard (NPA), was very warmly received by MSME sector.
Reserve Bank of India (RBI) Governor Shaktikanta Das recently said that India’s gross fiscal deficit is on the expected lines and adhering to budgetary targets.
Nagpur: Two years after its implementation, goods and services tax (GST) continues to be dogged by loopholes.
A week after the Reserve Bank of India (RBI) delivered a second consecutive policy rate cut of 25 basis points, banks decided to pass it on to borrowers to some extent. But customers need not lose hope, as the central bank is expected to further cut rates in June policy review to support growth, in light of latest industrial growth and inflation data.
Prakash Kumar, the CEO of the Goods and Services Tax Network (GSTN), on Friday, said that a total of 1.21 crore businesses have been registered under the new GST regime rolled out from 1st July 2017.
In his book, Arun Kumar suggests ways to convert the complex levy into a ‘Ground Nourishing Tax’.