DHAKA, Oct. 22 (Xinhua) -- Bangladesh's tax collection body, the National Board of Revenue (NBR), has reduced the source tax on export proceeds for all sectors from 1.0 percent to 0.25 percent to boost mainly ready-made garment (RMG) export competitiveness.
The Finance Ministry is considering a proposal of the textile ministry to extend the two-year moratorium for debt repayments by struggling textile units.
India-US negotiations on a trade deal are going on in full speed, according to Indian finance minister Nirmala Sitharaman, who recently said she was hopeful of an agreement being signed soon.
Credit and Finance for MSMEs: Most small business owners want their customer payments should come on time. When their customers delay payments, business owners, in turn, delay payment of their suppliers.
Chennai: A need to support new GST return formats, reconcile GST data filed by suppliers with those of buyers’ books, and e-invoicing mandate, has financial software companies busy amending their systems to ready for GST 2.0.
The Indian rupee appreciated by 27 paise to 70.87 against the US dollar in early trade on Tuesday as optimism about US-China trade talks and easing crude oil prices enthused investors.