India’s central bank Governor Shaktikanta Das said policy makers have effectively delivered more easing than the three interest-rate cuts this year suggest, signaling a more cautious stance on future action.
The GST Council, chaired by FM Nirmala Sitharaman, will meet on July 25 and decide on lowering tax rates for electric vehicles, officials said.
MUMBAI: The rupee opened on a cautious note and fell 26 paise to 69.06 against the US dollar in early trade Monday amid heavy selling in domestic equities and rising crude oil prices.
The Reserve Bank of India's change in monetary policy stance effectively equates to an additional 25-basis-point (bps) rate cut, Governor Shaktikanta Das was reported as saying.
New Delhi: India’s central bank is seeing “signs of fragility" in some of the 50 mortgage lenders and other shadow banks it is monitoring to prevent the spread of a crisis that followed the collapse of a non-bank lender last year.
Two years on from the introduction of India’s Goods and Services Tax (GST), Big Four accounting and advisory firm PwC has released detailed analysis of the current scenario surrounding the new tax regime.