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Reserve Bank governor Shaktikanta Das pointed towards a line in the monetary policy committee resolution, which makes it "explicitly" clear that there is a scope for further rate cuts. (Photo: File)
We can't keep on slashing policy rates every time: Shaktikanta Das
05 Dec 2019 1:32 PM

The sharp decline in growth had many analysts assuming the Reserve Bank will deliver a rate cut on Thursday.

The Monetary Policy Committee recognises that there is monetary policy space for future action. However, given the evolving growth-inflation dynamics, the MPC felt it appropriate to take a pause at this juncture, the RBI said in its fifth bi-monthly monetary policy for this fiscal.
Reserve Bank keeps benchmark interest rate unchanged at 5.15 per cent
05 Dec 2019 12:09 PM

The central bank also revised GDP growth downwards to 5 per cent for 2019-20 from 6.1 per cent projected in its October policy.

The GST Council will deliberate on the matter of GST compensation at its meeting on December 18.
GST Council to review revenue position, compensation cess on Dec 18
04 Dec 2019 6:53 PM

The meeting of all-powerful GST Council is going to be held against the backdrop of lower-than-expected GST collection.

Finance Minister Nirmala Sitharaman. (Photo: File)
Govt to launch first debt exchange-traded fund
04 Dec 2019 6:46 PM

The ETF, called Bharat Bond ETF, will have a fixed maturity of three and ten years .

FDI increased in the financial year 2018-19 as compared to previous years.
Total FDI inflow into India increased in 2018-19: govt
04 Dec 2019 3:05 PM

Total FDI inflow in 2018-19 was USD 62.00 billion.

Notwithstanding the upturn, the headline figure remained below its long-run average of 54.2, the survey added. (Photo: Representational)
Services output expands for first time in 3 months: PMI
04 Dec 2019 11:31 AM

The IHS Markit India Services Business Activity Index improved to 52.7 in November from 49.2 in October.

Nirmala Sitharaman
Government committed to more reforms: Nirmala Sitharaman
04 Dec 2019 1:33 AM

She invited Swedish firms to invest in infrastructure development projects.

The Council has sought suggestions, inputs or proposals as regards measures, on compliance as well as rates which would help in augmenting revenue. (Photo: DC)
GST Council to review GST revenue position, compensation cess
03 Dec 2019 7:38 PM

The meeting of all powerful GST Council is expected to take place in the second half of this month to deliberate on a host of issues.

Minister of State for Finance Anurag Thakur said that any complaint received in respect of implementation of the PMMY, including turning down of loan applications, delay in turn-around-time (TAT) and lenders' insisting on collateral/guarantor on certain occasions, are redressed in coordination with the respective banks.
Nearly 3 per cent of Mudra loans turn into bad loans: Govt
03 Dec 2019 4:22 PM

Minister of State for Finance Anurag Thakur gave this information in written reply to a question in the Rajya Sabha.

The gross domestic product numbers released on Friday showed government spending helping to prop up weak demand.
RBI may go for sixth repo rate cut to boost economy
03 Dec 2019 2:08 PM

The economy is expanding well below the rate needed to generate enough jobs for the millions of young Indians.

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