Centre proposes 26% peak rate for GST
Uploading Date : 17-10-2016The Centre is likely to propose a four-tier tax structure under the goods and services tax (GST), with a peak slab of 26 per cent. Almost 20-25 per cent of all taxable goods, including those consumed by the middle class, could come under the peak rate...........
See full article
Nifty stuck below 8600, Sensex in green; banks up on Essar deal
Uploading Date : 16-10-2016The market is completely flat though bank heavyweights are leading support. The Sensex is up 46.20 points or 0.2 percent at 27719.80 and the Nifty is down 0.25 points at 8583.15. About 1524 shares have advanced, 812 shares declined, and 137 shares are unchanged.......
See full article
Narendra Modi pushes for greater cooperation within BRICS
Uploading Date : 16-10-2016Prime Minister Narendra Modi on Sunday pushed for greater collaboration among BRICS countries, which also include Brazil, Russia, China and South Africa besides India, as well as members of Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) grouping, on the issues of terrorism, economy, trade and connectivity.........
See full article
More RBI rate cuts seen; like home fin cos, realty: CLSA's Wood
Uploading Date : 13-10-2016The RBI’s decision in the credit policy to cut the repo rate by 25 basis points and lower the target for real interest rate suggests that suggests significantly easier monetary policy is coming, according to Chris Wood, author of CLSA’s newsletter GREED & fear........
See full article
Sebi writes to FinMin for shielding staffers
Uploading Date : 13-10-2016The Securities and Exchange Board of India (Sebi) has written to the Union ministry of finance for approval to establish an institutional mechanism to deal with inquiries by external probe agencies, and to provide legal assistance to employees under scrutiny........
See full article
Sensex mirrors changes in economy over 30 years
Uploading Date : 13-10-2016The BSE exchange’s benchmark 30-share Sensitive Index, or Sensex, has mirrored changes in the economy in the past three decades. In this period, total Sensex market capitalisation has zoomed more than 300 times, to Rs 47.8 lakh crore from Rs 14,800 crore..........
See full article
With 97% rain, India gets 'normal' monsoon after 3 years
Uploading Date : 13-10-2016NEW DELHI: With India receiving 97 per cent rainfall between June and September, the monsoon was "normal" this year, the India Meteorological Department (IMD) said on Thursday. While monsoon has ended in most parts of the country, experts believe that it would end entirely within the next 48 hours.......
See full article
RBI allows banks to classify borrowed securities as SLR
Uploading Date : 13-10-2016MUMBAI: Reserve Bank of India (RBI) has allowed banks to classify government securities borrowed from the central bank in the daily liquidity adjustment facility (LAF) under the statutory liquidity ratio (SLR), making liquidity management for banks easier...........
See full article