Exporters worried about future orders, want incentive issue to be resolved
NEW DELHI: With states not being paid compensation for loss of revenue from implementation of GST since August, finance minister Nirmala Sitharaman on Thursday assured the Centre will honour its commitment but did not say by when the dues will be cleared.
Chennai: Hit by the slowdown, the credit exposure of the textile sector is down 7.8 per cent from March levels and 4.6 per cent from last year levels.
From Monday, there will be another intraday liquidity facility to enable 24x7 settlement of funds under the national electronic funds transfer (NEFT) payment system, the Reserve Bank of India (RBI) said on Friday.
Mumbai: The RBI is working on extending its enforcement role to cooperative banks and non-banking finance companies (NBFCs). The move follows recent developments in Punjab & Maharashtra Cooperative Bank and mortgage lender DHFL.
Bengaluru: Congress leader and former GST Council member Krishna Byre Gowda has cautioned the Council that if it were to go ahead with any increase in GST rates on essential items, it will only worsen the situation for low-income group families with perilous impact on the economy.