The government’s decision to withdraw the Merchandise Exports from India Scheme (MEIS) with retrospective effect is likely to erode profit margins of textile players. It will also impact exports and fresh investment in the sector.
The Gujarat High Court has declared imposition of integrated goods and services tax (IGST) on ocean freight as violative of the Constitution.
The rupee on Monday opened 17 paise lower at 71.50 against the US dollarNSE 1.16 % following buying in the American currency by banks and importers.
After using its firepower to douse the economic slowdown, the Reserve Bank of India (RBI) appears to be withdrawing for now.
The Yamuna Expressway industrial development authority (Yeida), on Sunday, the 71st Republic Day, launched an industrial plot scheme to boost growth around the Noida Greenfield International Airport project site at Jewar along Yamuna Expressway.
Budget 2020: Things to watch out for the banking sector, Axis Bank says stressed asset pool back to 'normal' levels.