The GST Council, chaired by Finance Minister Nirmala Sitharaman, is due to meet on Wednesday.
Union Minister Nitin Gadkari on Monday approved changes in the Interest Subvention Scheme guidelines for micro, small and medium enterprises, and said the modifications are expected to boost their productivity through access to credit at reduced cost.
New Delhi: The upcoming budget could see another rejig of basic customs duties on select products as the government attempts to push local manufacturing. The commerce and revenue departments are in discussions on the matter and will take a final call closer to the budget, which is likely to be presented on February 1.
New Delhi: The government has taken several measures this year for ease of doing business, besides strengthening the insolvency and bankruptcy framework, the Ministry of Corporate Affairs said.
MUMBAI: Hinting at further rate cuts, Reserve Bank of India (RBI) governor Shaktikanta Das said that the central bank had paused in its rate cuts in December as it was waiting for an opportune time to ease policy.
NEW DELHI: Ahead of the GST Council meeting, some states have cautioned the government against an immediate increase in GST rates or impose cess on certain luxury items at a time when the economy is in the midst of a slowdown.