India's trade deficit widened to a five-month high in April due to rise in crude oil imports coupled with muted growth in export amid rising concerns over US-China trade war, government data showed on Wednesday.
Private lender Yes Bank on Wednesday said that Reserve Bank of India's former Deputy Governor R. Gandhi has joined its Board as Additional Director.
India’s annual rate of inflation, based on monthly wholesale price index (WPI), stood at 3.07 per cent for the month of April 2019. The index for textiles rose by 0.6 per cent while for apparel it was up by 0.4 per cent in April, according to the provisional data released by the Office of the Economic Adviser, ministry of commerce and industry.
To give a fillip to digital lending, Small Industries Development Bank of India (SIDBI) has put together a pilot scheme to extend financial assistance of up to ₹10 crore to new-age fintech non-banking finance companies (NBFCs) engaged in financing small businesses and other income-generating activities.
NEW DELHI: India’s anti-profiteering framework may remain in place for another two years as the country eyes more changes to the goods and services tax (GST) structure.
The Union finance ministry is finally ready to move ahead with the single monthly return system for the Goods and Services Tax (GST), a move that will simplify the process of filing returns and also getting input tax credit.