Throwing sand in the wheels to dampen the exchange rate volatility is more effective than attempts to influence the level of the exchange through large interventions, according to a study by RBI staffers. This observation comes in the backdrop of RBI’s intervention in the forex market to smoothen excessive volatility, with the rupee depreciating past […]
Ahead of the next meeting of the RBI’s Monetary Policy Committee (MPC), a weakening rupee poses a new threat to inflation. Economists believe that any rise in the import bill of pulses, edible oils, inputs for electronic goods and crude oil is likely to impact inflation which, in turn, could have a bearing on rate […]
MUMBAI: With the generation of revenue being a major task before it, the cash-strapped Mahayuti government is likely to increase ready reckoner (RR) rates by around 10% in the state. While expecting ₹55,000 crore this year from stamp duty collection, it hopes to mop up another ₹15,000 crore from increased RR rates. The move, however, […]
The US economy in December added the most jobs since March and the unemployment rate unexpectedly fell, capping a surprisingly strong year and supporting the case for a pause in Federal Reserve interest-rate cuts.Nonfarm payrolls increased 256,000, exceeding all but one forecast in a Bloomberg survey of economists. The unemployment rate fell to 4.1%, while […]
As the Group of Ministers (GoM) get ready for another round of discussions, three key stakeholders, Financial Services Department, GIC and LIC support lowering GST on insurance premia but with input tax credit (ITC). The GST Council, in its meeting on December 21 deliberated on the GoM report, but suggested further discussions. After the meeting, […]
How will GST continue to evolve to meet the demands of a dynamic economy? Looking back at 2024, the year was marked by a series of reforms aimed at enhancing compliance, transparency, and ease of doing business. From the introduction of the GST Amnesty Scheme under Section 128A, resolving legacy disputes, to the rollout of […]
The Confederation of Indian Industry (CII) has urged the government to introduce key measures in the 2025-26 Budget to stimulate consumption in the economy, which had entered into a patch of growth slowdown in the second quarter. The economy recorded seven quarter low growth of 5.4 per cent in September quarter. The apex industry chamber proposed […]
The GST Council has recommended to issue a clarification on the rates applicable to popcorn following a recent storm that took over internet. Here are answers to various questions on popcorn GST Has GST on popcorn been increased? There has been no increase in the GST rate on popcorn in the recently held GST Council […]
Pune, Maharashtra, India Bajaj Housing Finance Ltd (BHFL) launches the new Dual Rate feature for Home Loans and Loans Against Property in line with their focus on providing borrowers convenient repayment options to help make dream homes a reality. Dual Interest Rate […]
The goods and services tax council Saturday decided to keep gift vouchers, offered by several sectors such as retailers, out of tax purview, a uniform tax rate of 18% on used cars including electric vehicles purchased by businesses, while deferring a decision on reduction in tax rate on insurance products. The change in rate of […]
