Mumbai: The Indian rupee on Wednesday weakened marginally against US dollar tracking losses in Asian currencies ahead of speeches from Federal Reserve officials.
Chennai: Tamil Nadu is yet to receive an estimated arrears of Rs. 4,458 crore under the Integrated Goods and Service Tax (IGST) for 2017-18 from the Centre and the government has sought the settlement on ‘rolling basis,’ Deputy Chief Minister O. Panneerselvam has said.
Union Minister of Commerce & Industry Piyush Goyal on Tuesday said that the balance of India-Indonesia trade is heavily in favour of the latter and both countries need to work towards establishing sustainable trade by diversifying the export basket.
A huge jump in duty-free garment imports from Bangladesh under the free trade agreement has put the domestic industry in a fix. This comes amidst slowing domestic demand and banks curtailing credit to 80 per cent of MSMEs (micro, small and medium enterprises) in the sector.
Businesses, especially MSMEs, require a steady source of finance if they are to meet the hiccups of kick-starting their business and growing it.
The expensive gift that you kept for your overseas cousin or friend may attract tax from this year with the Budget 2019-20 proposing to impose withholding tax all such transfers, plugging an earlier loophole that allowed its tax- free treatment.