The RBI may cut repo rate by 150-200 basis points throughout this fiscal if inflation target remains insight. RBI's medium-term target for consumer price index (CPI) inflation is of 4 per cent within a band of +/- 2 per cent, a news agency report said.
Tiruppur’s wishlist for infrastructure development was not fulfilled
With BJP-led NDA government certain to come back to power at the Centre, the Finance Ministry has accelerated the pace of finalising the broad contours of the Union Budget 2018-19, official sources here said on Thursday.
Arun Jaitley on Friday tried to quell speculation that he might not return as finance minister in the next Narendra Modi-led government
Total goods and services tax (GST) collections during the financial year (FY) 2018-19 was Rs 11.8 lakh crore, with a monthly average of Rs 98,114 crore. Average collection for FY 2018-19 was 9.2 percent higher than the collections made during FY 2017-18, wherein the average collection was Rs 89,885 crore a month.
Mumbai: The Indian rupee Friday rallied 49 paise to close at 69.53 against the US dollar in line with a massive surge in domestic equities following a decisive mandate for Narendra Modi's BJP in the general elections. On weekly basis, the Indian currency gained 70 paise helped by a host of domestic and global factors like stable political outlook with NDA government's return, sustained fund inflows, lower crude oil prices and strengthening Asian currencies.