Will petrol and diesel come under GST? Here is what Finance Ministry said | Economy News

New Delhi: The GST Council has not recommended bringing petroleum products under the reformed taxation regime even as certain representations have been made to the government to include petrol and diesel in GST, Parliament was informed on Tuesday. Excise duty on petroleum products is calibrated time to time for generating resources for infrastructure and other …

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Centre approves 8 companies under PLI scheme for manufacturing medical devices

New Delhi: The government has accorded approval to eight companies under the production linked incentive (PLI) scheme to promote domestic manufacturing of medical devices, the Ministry of Chemicals and Fertilisers said on Thursday. The approvals were given during the ninth meeting of the empowered committee held on November 25 after considering all the applications as …

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Economists Expect Tightening Of Rates From Next Review On Inflation Concerns

RBI Policy Review: A change in stance is likely in April from accommodative to neutral Economists and analysts have pencilled in liquidity tightening from the February policy by a reverse repo hike and a likely repo rate hike in March/April as they believe inflation pressures to surprise on the upsides and have termed as “unexpected” …

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Train passengers rejoice! Now book trains with reduced fares from Dec 10, check trains list | Economy News

New Delhi: Indian Railways has finally announced the restoration of normal trains operational before the COVID-19 pandemic from December 10. The move will let passengers travel in trains with lower fares than special trains running since the pandemic forced Indian Railways to take key measures aimed at curbing the spread of coronavirus.  Indian Railways is …

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Low interest rates to aid recovery of housing sales; eyes now on upcoming budget: Realtors on RBI policy

  New Delhi: The Reserve Bank of India’s (RBI) decision to keep key policy rates unchanged will lead to continuation of low interest rates on home loans and support ongoing recovery of housing demand, according to property developers and consultants. Welcoming the RBI policy, CREDAI President Harshvardhan Patodia said the “RBI’s accommodative stance on keeping …

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