Fitch group firm India Ratings and Research on Wednesday lowered its GDP growth forecast India to six-year low at 6.7 per cent in the current fiscal as against 7.3 per cent projected earlier.
Bangladesh wants to grab more of the market share in some Latin American countries where demand for locally made products, especially apparel, is growing for competitive prices, said Commerce Minister Tipu Munshi yesterday.
The Directorate of Revenue Intelligence has sounded an alarm over garments being imported through Bangladesh from other countries to take advantage of duty concessions offered under a free-trade pact.
The finance ministry on Monday said the last date for filing annual GST returns has been extended by three months to November 30 as taxpayers were facing technical problems in furnishing returns.
Mumbai: The rupee appreciated by 32 paise to 71.70 against the US dollar in early trade on Tuesday amid revival of US-China trade talk hopes and gains in domestic equity market.
The Tiruppur Exporters’ Association (TEA) president Raja M Shanmugham recently urged the Indian Government to revert to the ‘Two Quarter Past Due’ concept (180 days) for non-performing asset (NPA) classification norms for micro, small and medium enterprises (MSMEs) instead of 90 days now as it will provide some breathing time for the units to recover and recoup.