New Delhi, Mar 25 (KNN) The continuous increase in cotton price is reducing international competitiveness of the Indian textile value added industry and also affect exporters negatively said Confederation of Indian Textile Industry (CITI).
Indian rupee on Tuesday was trading marginally higher against US dollar, tracking gains in Asian currencies market. At 9.08 am, the rupee was trading at 68.88 a dollar, up 0.05% from its previous close of 68.94. The home currency opened at 68.90 a dollar.
The rupee ended almost flat at 68.96 per US dollar Monday as participants preferred to wait on the sidelines to see the outcome of RBI's first-ever rupee-dollar swap auction.
Reserve Bank of India (RBI) Governor Shaktikanta Das has said that the central bank of the country has appointed 5-member committee under the chairmanship of Nandan Nilekani to further deepen digital payments and enhance financial inclusion through Fintech.
The contradictory responses from the Goods and Services Tax Network (GSTN) to assessees’ queries on the unavailability of a new functionality for offsetting tax liability has raised concerns among businesses, which fear that they may be hauled up later by the tax department for non-compliance as GSTN’s advice may not have any legal standing.
Mumbai: Companies owned by business groups dependent on bank funding will have to adjust to new single borrower limits of the Reserve Bank of India (RBI) from April 1.