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The introduction of the Goods and Services Tax (GST) has been an important step in the field of indirect tax reforms in India — and one that has affected all sectors of the Indian economy.

The rupee on Tuesday had strengthened by 37 paise to close at 69.30 against the US dollar.

New Delhi: The International Monetary Fund (IMF) on Tuesday cut India’s GDP growth forecast for 2019-20, following similar action by the Asian Development Bank (ADB) and the Reserve Bank of India (RBI).

NEW DELHI: The government is estimated to have witnessed a shortfall of Rs 50,000 crore in direct tax collection target of Rs 12 lakh crore for 2018-19, a senior financeNSE -0.87 % ministry official said Tuesday.

The government is planning a major overhaul of the definition of state-run companies where an entity will continue to qualify as public sector enterprise (PSE) even if the government holding falls below 51 per cent.

Innovative technologies can be the answer to a greener footprint within the hydrocarbon dependent textile industry, concluded industry experts at a panel discussion titled ‘How Sustainable is Sustainability?’ held at a hotel in Dubai on Tuesday.

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