business

Only 21% feel GST reduced monthly grocery bills: Survey

GST Bill a law after President Pranab Mukherjee’s assent

President Pranab Mukherjee on Thursday signed the government’s flagship Goods and Services Tax or GST Bill, which will do away with the indirect taxes and usher in one tax for the entire country. With the President’s assent, the constitution amendment act will be notified. Sixteen of the country’s 29 states[Read More…]

Financial exclusion: RBI mulls opening door to Islamic finance

The Reserve Bank of India (RBI) has proposed working with the government to introduce interest-free banking to tackle financial exclusion for religious reasons, potentially opening Islamic finance to the largest Muslim minority population in the world. The RBI made the proposal in its annual report last week, as departing central[Read More…]

How Reliance Jio choke-slammed its telecom competitors

Mukesh Ambani’s announcement of Reliance Jio services turned out to be a nightmare for other telecom operators. Soon after Ambani’s announcement of Jio, shares of Bharti Airtel and Idea sunk by 9% and 11% respectively and together they lost Rs 15,600 crore. Shares of other telecom companies also fell on the Bombay[Read More…]

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