Mumbai: The rupee rebounded by 23 paise to close at 70.02 against the dollar on Friday after Brent crude oil prices receded from a six-month high of $75.60/barrel.
NEW DELHI: Goods and services tax (GST) on annual maintenance contracts (AMCs) is proving to be contentious issue for some of the white goods and electronics companies, which have decided to play it safe and charge higher rates, increasing the burden on consumers.
NEW DELHI: In what could radically transform the indirect tax administration system and the way business is conducted, India is looking at the possibility of introducing electronic invoicing under goods and services tax.
The Supreme Court on Friday reprimanded the Reserve Bank of India (RBI) for refusing to disclose information pertaining to the annual inspection report on banks under the Right to Information (RTI) Act, and warned that any further attempts by the banking sector regulator to hold back such information “shall be viewed seriously by the court”.
The stability of NBFCs and mutual funds should not be overestimated.
After rising for the past many weeks, the country's foreign exchange reserves declined by $ 739.2 million to $ 414.147 billion in the week to April 19, RBI data showed Friday.