TN seeks GST Council to revise tax rates based on market conditions

Tamilnadu has informed the Goods and Service Tax Council that a decision on restructuring GST rates should be taken based on the revenue generated and conducive economic conditions. Continue Reading

Govt slashes corporate tax to 25.17% for domestic companies

In a major fiscal booster, the government today slashed effective corporate tax to 25.17 per cent inclusive of all cess and surcharges for domestic companies.
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Low inflation, falling growth leave more room for rate cut: RBI governor

The government has limited fiscal space to support growth, but low inflation can help the monetary authority ease policy rates further and help boost the economy that has badly lost its momentum, RBI governor Shaktikanta Das said yesterday. Continue Reading

Malabar Gold & Diamonds to triple retail network, raise turnover

According to the firm, the company will triple its retail network from 250 showrooms this year to 750 outlets in the next five years with annual turnover exceeding $6.16 billion (Rs 45,000 crore) and the group turnover to $6.85 billion (Rs 50,000 crore) by 2023. Continue Reading