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GST AFTERMATH
Smugglers are hard at work as higher duty puts the shine on goldThe recent spike in import duties in India has inadvertently fueled a rise in gold smuggling activities. Traders are noting a marked increa...- Fino Payments bank CEO Rishi Gupta resigns after 'fit and proper' clearance, interim chief extendedFino Payments Bank board accepted Rishi Gupta's resignation as MD and CEO. This decision came even after the board found him fit and proper...
- Coming soon: Price hike round 3 in four months for durablesConsumers face another price hike on electronics like ACs, TVs, and smartphones by end April. This marks the third increase in four months....
- Non-life insurers seen holding up better than life peersIndian insurers anticipate subdued Q4 earnings due to equity market declines impacting investment gains. While life insurers face muted pro...
- Suits & Sayings: Profit PalsET’s roundup of the wackiest whispers in corporate corridors.
- GST 2.0: Reforms to propel MMF textile industry; sub-Rs 2,500 retail segment poised for growthThe reforms are expected to correct anomalies at the fibre stage, reduce costs at the yarn and fabric stages, improve garment affordability...
- Election volatility, shifts happenIn election years, market volatility in India is influenced by expectations of stable governments and policy continuity. Decisive electoral...
- Will the levy of GST be the last nail in the coffin for cryptocurrencies in India?Under the GST law, ‘goods’ inter alia means every kind of movable property other than ‘money’ and ‘securities’.
- Toll collections soar in August to Rs 99 croreE-way bills capture intra-state and inter-state freight movement. According to GST Network, a company providing a database of Goods and Ser...
- Traders not too ‘unhappy’ with BJP despite GST, demonetisationBJP’s Harsh Vardhan to take on Congress’ JP Aggarwal & AAP’s Pankaj Gupta
- GoM formed to look into Kerala's demand for calamity cess: JaitleyThe Council also reviewed revenue trends and deficit of states, he said, adding state deficit this year is 13 per cent and may reduce furth...
- Jewellers see 15% growth in Akshaya Tritiya sales despite higher gold pricesCurrently, 10 grams of 24-carat gold is priced at around Rs 31,000 — higher than last year’s rates, which hovered at Rs 29,000.
- Industry welcomes GST reduction in over 200 itemsIndustry body Assocham said the decision of the GST Council would lead to a pick-up in consumer demand and significantly revive the busines...
- Shivraj Singh Chouhan invites US industry majors to invest in MPChouhan briefed the leaders of the corporate world and industry representatives about the new industrial policy, which he said has a clear ...
- Auto shares advance despite GST cess hikeThe increased GST cess on mid- and high-segment cars approved by the GST Council will come into effect from Monday.
- India is in the sweet spot of goldilocks zone: Arnab Das, InvescoThere has been a massive benefit from the tightening policy under previous governor Rajan.
- Expecting more ad spend in GST era, say agencieswhile the overall benefit to the economy from GST will have a cascading effect, more specific push could come from sectors like FMCG.
- CII backs government on GDP growthA day before a Nomura report questioned India's GDP data. The report asked whether India's GDP data is a fact or fiction.
- CLSA upgrades Titan to 'buy' from 'sell', raises TP to Rs 372 from Rs 285The biggest uncertainty for Titan is on the GST rate as a rate beyond 3-5% would be negative.
- GST Council to meet tomorrow to discuss rules, exemptionsAt the last meeting of the council, four alternatives came up for discussion for compensating states for loss of revenue after implementati...
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