Interest rates unchanged, growth forecast lowered: 10 key takeaways from RBI's monetary policy statement
October 04, 2017 15:52 ISTOnly one from the six-member monetary policy committee pressed for lowering rates by at least 25 basis points.
Only one from the six-member monetary policy committee pressed for lowering rates by at least 25 basis points.
In August this year, the RBI's monetary policy committee had decided to lower interest rates to 6 per cent.
The study, by brokerage Ambit Capital, also said that this combination of joblessness, that has been deteriorating since the last few years, and income inequality poses a higher risk of social tension.
FM Arun Jaitley has warned CPSEs that “no slackness” would be tolerated if they falter on capital spending.
The revised figure was US government’s third and final look at GDP for the April-June period.
'There is scope for visible shifts in economic activity starting in 2018 which would eventually lead India to be the top five equity markets in the world by 2027.'
GST is expected to disrupt smaller businesses causing job losses and a general slowdown, but will lead to lower public debt to GDP subsequently.
Zara will start online sales throughout India on its website and mobile app starting 4th October. Customers will be able to choose between picking up their orders at the store and at-home delivery.
Punjab National Bank and IndusInd bank have won the mandate to lend Air India loans worth Rs 3,250 crore. They are expected to disburse the amount by next week.
Bringing petroleum products under GST may lead to petrol and diesel prices falling by as much as Rs 31 in Delhi.
Compliance for the month stood at 55 per cent, down from around 65 percent last month.
India's GST revenue collections for August stood at Rs 90,669 crore. GST mop-up for July stood at Rs 94,063 crore, up from the initial projection of Rs 92,283 crore.
Reliance Capital already offers health insurance products and the move to have a standalone offering is to increase retail presence in the already cluttered mediclaim segment.
Prime Minister Narendra Modi today constituted Economic Advisory Council and appointed Bibek Debroy as it's chairman.
According to Finance Minister Arun Jaitley, nearly 75 per cent of the eligible taxpayers were still to file the summarised return (GSTR 3B) for August on the last day
India has replaced China this year as the top retail destination as part of the study on global retail development index.
Venkaiah Naidu said that the money that has come back into the banking system after demonetisation drive should be used for the welfare of the weaker sections of the society.
Finance Minister Arun Jaitley dropped ample hints today that the government will take additional measures to bolster economy.
Prime Minister Narendra Modi will on Tuesday interact with Finance Minister Arun Jaitley and other top officials to take stock of the economic situation.
While crude oil remains cheaper, steep taxes levied by central and state governments have resulted in petrol and diesel prices going back to 2014-levels
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