Goods and Services Tax (GST) regime in India is not likely to reduce the deficits of state governments significantly, amid large and growing expenditure mandates for the social sector as well as capital spending, says a report.
India’s goods and services tax revenue touched the highest ever in April, but the spurt in collections is far from becoming the norm just yet.
Forex traders said, besides the US-China trade concerns, foreign fund outflows, heavy selling in domestic equities and rising crude oil prices also kept pressure on the Indian rupee.
Prime Minister Narendra Modi on Monday visited the State of Odisha to review the situation arising out of Cyclone Fani that hit the State on 3rd May, 2019.
Tirupur: The Apparel Export Promotion Council (AEPC) has sought a clarification on disbursal of the recently-announced rebate of state and central taxes and levies (RoSCTL) on export of garments and made-ups from the Union commerce ministry.