Indian Economy
Economy India

India fastest growing major economy in 2018-19, will grow by 7.3%: World Bank | 10 points

The World Bank has predicted that India’s GDP will grow at 7.3 percent during 2018-19. In comparison, China is expected to register a much lower growth rate of 6.3 percent this fiscal. HIGHLIGHTS World Bank predicts India’s GDP growth to increase to 7.5% in two years Says demonetisation, GST expected to encourage shift from informal […]

oil
Business Economy India

Iran Left With Just 2 Oil Clients In India After Firm Cancels Imports

With Chennai Petroleum’s absence, Iran is left with just two Indian clients, Managalore Refinery and Petrochemicals Ltd, and Indian Oil Corporation. Chennai Petroleum will stop processing Iranian crude oil from October to keep its insurance coverage once new sanctions by the United States against Iran go into effect, three sources familiar with the issue said. […]

gst
Breaking News Economy India

GST rate cut on 50 items: TV, refrigerator, washing machines to get cheaper; return filing simplified

New Delhi: In a relief for the common man, the GST Council on Saturday reduced tax rates on over 50 items including refrigerators, washing machines and small televisions, which would now be taxed at 18 percent, down from the current 28 percent. Apart from bringing down rates, the Goods and Services Tax (GST) Council also exempted […]