On Moody’s Upgrade, Arun Jaitley Says Doubters Can Now Introspect

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On Moody’s Upgrade, Arun Jaitley Says Doubters Can Now Introspect

New Delhi: Finance Minister Arun Jaitley today welcomed Moody's Investors Service's first upgrade in nearly 14 years of its ratings on India's sovereign bonds, calling it a "belated recognition of the positive steps taken in last few years to strengthen the economy." Mr Jaitley also hit out at critics of the government's economic policies saying, "many who ...continue reading

GST Rates Slashed On Over 200 Items: What Has Gone Cheaper

New Delhi: The GST Council on Friday in the biggest tax overhaul slashed tax rates on over 200 items, ranging from chewing gum to chocolates, to beauty products to wrist watches to provide relief to consumers and businesses. As many as 178 items of daily use were shifted from the top tax bracket of 28 per ...continue reading

India To Be High Middle Income Economy By 2047: World Bank CEO

New Delhi: Days after it gave India a 30 place jump in its ease of doing business ranking, the World Bank today said the Goods and Services Tax (GST) and reforms push by the government will catapult the country to the high middle-income economy in 30 years. It credited India's "extraordinary" achievement of quadrupling of per capita income to reforms ...continue reading

SBI Cuts Key Lending Rate By 0.05% Across Maturities

NEW DELHI: State Bank of India (SBI) has cut is benchmark lending rate by 0.05 per cent across maturities, effective from Wednesday, according to an announcement by the state-run lender. The reduction in marginal cost of funds based lending rate (MCLR) by the largest Indian bank, last made on January 1 this year, has thus brought its MCLR down to ...continue reading

Sensex Surges 500 Points To New High On 9 Lakh Crore Booster For Economy

New Delhi: Indian stock markets surged today with Sensex and Nifty rallying to new highs, boosted by the bank recapitalisation plan announced by the government. The government also announced massive infrastructure spending to boost growth. The Sensex surged over 500 points to hit new high of 33,117 while Nifty surged to record 10,340. Public sector banks ...continue reading

GST Collection Stands At Rs. 92,150 Crore In September

New Delhi: India's Goods and Services Tax (GST) collections in September totalled Rs 92,150 crore and were collected from 42.91 lakh businesses, the government announced on Tuesday. "The total revenue in GST regime under different heads (up to October 23) for September 2017 is Rs 92,150 crore," a Finance Ministry statement said here.   Of this, Rs 14,042 crore is on account ...continue reading

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