Indian companies have seen the steepest earnings downgrades in Asia, with analysts slashing forecasts as steep U.S. tariffs heighten risks to growth even if proposed domestic tax cuts help cushion the impact.
Read MoreGST GoM Convenor and Bihar Deputy CM Samrat Choudhary on Wednesday announced that the GoM has decided to back the Centre’s recommendation to fully exempt the Individual Life and Health Insurance policy from GST, which is currently 18%.
Read MoreThe spread between the RBI repo rate at 5.50% and the 10-year government bond yield at recent high of 6.54% stands at around 104 basis points, reflecting a modestly upward-sloping yield curve.
Read MoreToday’s global economic landscape is characterized by geopolitical uncertainties, slowing growth, fragmented supply chains, volatile financial markets and relentless technological change. India has demonstrated strong economic resilience in times of crises, turning them into opportunities through reforms. On Monday, Prime Minister Narendra Modi chaired a high-level meeting to discuss the roadmap for India’s next-generation reforms.
Read MoreNew Delhi: In a significant move aimed at bolstering financial security for citizens in healthcare, a ministerial group appointed by the Goods and Services Tax (GST) Council on Wednesday was broadly in favour of exempting health and life insurance premiums from the 18% tax it is subjected to, according to ministers who attended the meeting.
Read MoreGST rejig: Group of Ministers accepts the Centre's rate rationalisation proposal, which includes consolidating the slabs into two — 5 per cent and 18 per cent, and scrapping the 12 per cent and 28 per cent slab rates.
Read MoreNew Delhi, Aug 21 (PTI) A crucial meeting of the GoM of state finance ministers on GST rate rationalisation began on Thursday as they started deliberation on the Centre's proposal to reduce tax slabs to 5 and 18 per cent.
Read MoreSource: https://www.livemint.com/economy/rbi-mpc-gst-revamp-impact-rate-cut-inflation-11755772743253.html
Mumbai: The Reserve Bank of India’s six-member monetary policy committee in August unanimously decided to keep the repo rate unchanged at 5.5% despite softer inflation. Minutes of the meeting released by RBI on Wednesday showed that US President Donald Trump’s tariffs played a key role in this decision.
Read MoreAs the Indian stock market grapples with high valuations and stagnant earnings, expert Trivesh D of Tradejini highlights sectors poised for growth amid the uncertainty. With GST reforms in play and a focus on niche opportunities, investors must stay vigilant in this evolving landscape.
Read MoreThe Indian stock market stayed in positive territory for the fourth consecutive session on Tuesday, August 19, as GST rationalisation and India’s credit rating upgrade kept investor risk appetite intact.
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