On 14 September, Indian Government announced that it will focus on five points to control the current account deficit of India. Finance minister Arun Jaitley announced that the government is taking measures to reduce the “non-necessary” imports.
These steps were taken to stabilize the condition of rupee. Rupee h ...Read more
As the Aviation turbine fuel (ATF) surged, the Indian aviation sector and the Civil Aviation Ministry urged the government to include jet fuel within the ambit of the goods and services tax (GST). This move would get an annual relief to the listed Indian airlines of Rs. 3,000 crore - Rs. 5,000 crore in taxes. The inclusion of ATF under GST might ...Read more
On 1st August 2018, India’s Monetary Policy Committee (MPC) decided to increase the benchmark interest rate by 25 basis points to 6.5% from 6.25%. The Monetary Policy Committee has increased the policy rates for the first time since 2014 to overcome price pressure and to bring inflation closer to medium-term target of 4 (+/- 2 percent).&nbs ...Read more
On 21st July 2018, in the 28th Goods and Services Tax (GST) Council meeting the government decided to reduce the Tax rates on various consumer goods, some of them are washing machines, air conditioners, small Television, Cosmetics, refrigerators, and many other products.
Modi government winning no-confidence motion and ...Read more
Wholesale inflation based on the wholesale price index (WPI) for the month of June stood at 5.77 per cent against 4.43 per cent of May and 0.90 per cent during the corresponding month of the previous year.
Index in food articles was at 1.80 % in June 2018, where as it was 1.60 % in May 2018, it rose due to higher price of e ...Read more
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