India probably lost its spot as the fastest growing major economy to China in the January-March quarter as a chill in domestic and global consumer demand hit manufacturers and service providers.
India’s GDP growth in the fourth quarter ended may be the fiscal's lowest at 6.3 per cent in 2018-19, official sources said on Thursday.
Ahmedabad: There is a fresh wave of hope among businessmen and GST payers in Gujarat after Delhi high court issued a stay on levying interest on gross tax liability under Goods and Services Tax (GST) i.e. tax liability without claiming input tax credit (ITC), in cases of late payment of tax.
The Indian rupee gained in the early trade on Friday. It has opened higher by 11 paise at 69.76 per dollar versus Thursday's close 69.87.
In a positive move for the Indian industry, Reserve Bank of India on Wednesday constituted a task force on development of secondary market for corporate loans, a field which is currently restricted to sale to asset reconstruction companies and ad hoc sale to other lenders including banks, and no formalised mechanism has been developed to deepen it.
New Delhi, May 30 (KNN) The Confederation of Indian Textile Industry (CITI), which is the only apex industry chamber covering the entire spectrum of the Textile and Clothing (T&C) industry for both domestic and export markets will submit the ‘White Paper’ to the new Union Textile Minister to provide policy support to the textile and industry.