GST Council meet
The upcoming GST Council is set to meet on Friday.
Risky exporters
The government has identified 5,106 “risky exporters” so far who have claimed GST refunds based on bogus invoices.
Inter creditor agreement
The Indian Banks’ Association(IBA) has tweaked the Inter-creditor agreement (ICA) to keep it in line with the revised guidelines of the Reserve Bank of India (RBI) on stressed assets resolution announced on June 7.
India to actively curb ‘conflict’ diamonds
India assured the global community that it would actively help in the evolution and transformation of the Kimberley Process (KP).
Digital Transaction
As per the RBI data, total digital transactions in volume terms recorded a growth rate of 58.8% during 2018-19.
India to impose retaliatory tariffs on U.S. goods
As per the official statement from Commerce Ministry, India has decided to impose retaliatory tariffs on 29 goods imported from the U.S. from June 16 onwards.
WPI inflation
Wholesale price-based inflation(WPI) slipped to about two-year low at 2.45% in May.
Trade Deficit
India’s trade deficit expanded to a six-month high of $15.4 billion in May.
Rating agencies to disclose probability of default
The markets regulator SEBI directed credit rating companies to start disclosing the probability of default for the issuers they rate.
Employees’ State Insurance(ESI)
The Government of India has taken a decision to reduce the rate of contribution under the ESI Act from 6.5% to 4%.