The combined share of customs and excise duties, service tax, and value-added tax in India's gross domestic product reached an all-time high of 10.5%.
Anup Roy and Krishna Kant on the challenges the public sector banks face in revitalising themselves
Travel time, too, has not fallen much after the abolition of octroi with trucks still queued up at regional transport offices and toll tax plazas.
The cryptocurrency will fall in the RBI's domain.
In the past three years, personal loans have grown at twice the rate of growth in personal disposable income, leading to a steady rise in household indebtedness. At the end of March this year, Indians owed Rs 25.2 lakh crore to banks and listed non-banking finance companies (NBFCs), up 65 per cent in the past three years.
The options include involving jewellers as collection centres, addressing of issues that banks have been facing and using domestically available gold for giving metal loans to jewellers for domestic sales.
First sequential decline in a decade as 8 of top 15 software firms report drop in manpower
Indian industry will have to deal with high raw material prices, and user industries will see their costs rising though with a lag in some cases.
The gap between Nifty's price-earnings multiple and economic growth is at a 12-year high
Dealers with turnover of Rs 2 crore and above covered; industry says threshold too low
One thing has remained constant through the Indian economy in the last seven decades: the dominance of family-owned businesses. Krishna Kant reports.
According to government data, the prices have still not crossed the MSPs in some mandis.
On an average most commodities are up between 20-30 per cent compared to a year ago levels.
Of the 11,000 kg imported between July 1 and August 9, around 90 per cent was brought in by two business groups which took advantage of the favourable reduction in tax incidence under GST, routing their imports through Korea.
Steps such as safeguard duty in the works to plug the route
12 out of 21 public sector banks reported declines in their loan books in the last financial year against seven such banks in 2015-16 and none in 2013-14.
In July alone, 2.5 tonnes of gold coins were imported so far from South Korea under zero-duty facility
A new solution to raise deal speed is expected to avoid hiccups in trading when launched on August 1
Fresh investments by corporates up just 5.8% in FY17, lowest since 1992
Good monsoon, farm loan waiver -- the two key reasons behind more customers in jewellery shops
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