RBI leaves repo rate unchanged at 6.50%
The Reserve Bank of India (RBI) in its fourth bi-monthly meet today left the repo rate unchanged at 6.50%.
Direct tax collections up 16.7 per cent in H1 FY-19
As per the official data from finance ministry, Gross direct tax collections in April-September, the first six months of this financial year, grew 16.7 per cent to Rs 5.47 lakh crore.
RBI eases borrowing norms for oil firms
The central bank liberalised external commercial borrowings (ECB) policy to allow state-run oil marketing companies to raise external debt for working capital purposes.
PIN code a must for e-way bill
The GST Network has made it mandatory for businesses and transporters to mention PIN codes of places of loading and unloading of consignments.
Manufacturing PMI rises to 52.2 in Sept.
Factory production improved a tad as September’s Purchasing Manager Index (PMI) rose to 52.2 per cent from 1.7 per cent of August.
Core sector growth slows to 4.2% in August
The growth of eight infrastructure sectors slowed down to 4.2% in August against 4.4% a year ago, on account of decline in production of crude oil and fertiliser.
U.S. growth, rupee fall will boost Indian exports : Assocham
According to a report by Assocham, India’s exports hold a promising outlook with the U.S. economy growing coupled with the rupee depreciation leading to enhanced net revenue realisations.
E-commerce firms will have to register in every state
Central Board of Indirect Taxes and Customs (CBIC) said, e-commerce operators will be required to register in every state/UT for collection of TCS (tax collected at source).
Centre cuts borrowing target
The government has decided to reduce its borrowing requirement for the year by Rs.72,000 crore, Economic Affairs Secretary said.
Centre for data analytics
Government unveiled a Centre of Excellence for Data Analytics (CEDA),with a view to fast-tracking the adoption of data analytics in the government to improve delivery of services to citizens.