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Tata Motors logs 26.6% jump in October sales amid festive surge, GST boost
Updated : 9 months, 1 week ago IST
Tata Motors reported a 26.6 per cent increase in sales in October, reaching 61,295 units across domestic and international markets combined. The robust sales can be attributed to unprecedented festive momentum.
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RBI likely to maintain status quo; 25 bps cut would be a positive surprise
Updated : 10 months, 1 week ago IST
The Reserve Bank of India (RBI) is expected to maintain the policy rate unchanged in the current Monetary Policy Committee (MPC) meeting, with a rate cut of 25 basis points (bps) being seen as a positive surprise, according to Bank of Baroda Economist Sonal Badhan.
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New GST rates implementation has set the stage for consumption led growth
Updated : 10 months, 1 week ago IST
India's Goods and Services Tax (GST) 2.0, has been hailed as a "GST booster shot" for consumption-led growth, with major reliefs announced for sectors including FMCG, MSME, textiles, automobiles, healthcare, insurance, electronics and construction, noted a report by the Union Bank of India.
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Reduction in GST rates have higher multiple effect on economy, than cut in
Updated : 11 months, 2 weeks ago IST
A decline in the Goods and Services Tax (GST) rate has a higher multiplier effect of 1.08x compared with direct taxes, according to a report by Ambit Capital.
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